Twin Sisters Mountain

Vatic Responds to New Brunswick Property Lawsuit

Retrieved on: 
토요일, 3월 4, 2023
Mayne, Twin Sisters Mountain, FSE, News, CCI, Mining, Insurance, Cryptocurrency, Property

CCI acquired its rights to the mineral claims comprising the Property pursuant to an option agreement with Wayne Lockhart who had staked the claims comprising the Property (the "Underlying Option").

Key Points: 
  • CCI acquired its rights to the mineral claims comprising the Property pursuant to an option agreement with Wayne Lockhart who had staked the claims comprising the Property (the "Underlying Option").
  • Vatic has been advised that it, along with Wayne Lockhart and CCI, has been named as a defendant in a lawsuit commenced by Mayne Minerals Inc. ("Mayne"), a private company, wherein Mayne alleges that certain mineral claims comprising part of the Property (the "Claims") were improperly staked for the benefit of Mr. Lockhart rather than for Mayne.
  • Subsequent to the Mining Recorder's ruling Mayne made an application to the Mining Commissioner of New Brunswick requesting it to adjudicate the dispute regarding the Claims.
  • That application was dismissed pursuant to a consent order with costs awarded against Mayne in favour of Mr. Lockhart.

Vatic Announces Airborne Magnetic Survey Planned at Sisters Mountain Critical Metals Project, New Brunswick

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월요일, 2월 27, 2023
REE, Mitchell, TSX, YRS, Geological Survey and Mineral Exploration of Iran, MRR, National instrument, Semiconductor, QP, Collection, Tin, Geology, Acquisition, Research, Anomaly, Rare-earth element, Platinum, TSX Venture Exchange, Property, National Instrument 43-101, Government, Base metal, Soil, Metal, Molybdenum, Recycling, PGE, Precious metal, Twin Sisters Mountain

This planned program will allow for the collection of high resolution data to produce maps showing the magnetic and electromagnetic properties of the survey area.

Key Points: 
  • This planned program will allow for the collection of high resolution data to produce maps showing the magnetic and electromagnetic properties of the survey area.
  • The Sisters Mountain Property represents an exceptional exploration opportunity based on New Brunswick Geological Survey exploration reconnaissance results.
  • It has been concluded from the reports provided by the New Brunswick Geological Survey that the Sisters Mountain Property is believed to potentially host mineral deposit types: REE (Rare Earth Elements), tin, tungsten, molybdenum, Platinum Group Metals (PGE), and Base Metals.
  • In 2005, the New Brunswick Geological Survey (NBGS) released the results of their survey.