MANITOBA - VICTORY NICKEL of Toronto and the Misipawistik Cree Nation (Grand Rapids), Mosakahiken Cree Nation (Moose Lake) and Cross Lake Band of Indians have signed a memorandum of understanding that covers development of the Minago nickel deposit in the Thompson Nickel Belt. The document addresses the traditional rights of these First Nations communities and establishes the guiding principles for an impact and benefit agreement.
WARDROP ENGINEERING is currently completing the definitive feasibility study on the open pit portion of the Minago deposit. Metallurgical and byproduct testing, along with permitting activities are ongoing and moving ahead as expected, and Victory Nickel is preparing for a winter work program to evaluate mineralization at depth in the Nose deposit, which contains the entire current Minago nickel resource. Drilling will also be conducted along the North Limb, a 2-km-long domain of little exposed nickeliferous ultramafic rock with the potential to contain a substantial nickel resource.
A plan of the proposed pit is available at www.VictoryNickel.ca.