Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Fjordland (FEX) gives an update on Renzy airborne geophysical survey as they suspend the VTEM helicopter survey
  • Due to the KZA Moose Advisory Committee expressing ongoing concern about the pregnant moose in the area preparing to give birth, aerial surveys will be postponed
  • The survey will start back up after August 15 of this year
  • Fjordland is actively exploring three high-quality nickel projects
  • Fjordland Exploration Inc. (FEX) is down 17.86 per cent and is trading at C$0.12 at 3:55 pm ET

Fjordland Exploration Inc. (FEX) has agreed to suspend the VTEM helicopter survey to help protect the area’s fragile moose population.

The KZA has agreed that the survey can recommence on or after August 15, 2021.

Fjordland recognizes that this is a very sensitive issue to the KZA and wishes them the best in their endeavours to expand the moose population within their traditional territory.

James Tuer, Fjordland’s President, commented, “Before we were made aware that the Moose Advisory Committee was concerned about the survey, we completed the majority of the flight lines over the main Renzy target.”

“A preliminary review of the data shows that there are some exciting targets outside of the main Renzy zone to follow up on this summer,” added Tuer.

Darhlene Twenish, Chair of the KZA Moose Advisory Committee, commented, “The KZA Moose Advisory Committee is pleased that Fjordland has agreed to postpone the aerial survey until mid-August which will definitely have less of an impact on the moose, especially the pregnant moose, which are preparing to give birth.”

“The KZA Moose Advisory Committee would like to thank Fjordland for the level of commitment shown on this significant and sensitive issue,” concluded Twenish.

Dylan Whiteduck, Chief of the KZA Band Council, stated, “This is a good example of building a foundation for a future relationship.”

To date, Geotech’s VTEM Max has completed flight lines over the main Renzy target in conjunction with the Groundfloor EM survey.

This has already generated several significant anomalies that will focus on exploration activities in the field this summer.

The regional portion of the program will be completed once the survey recommences in August.

Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large-scale economic deposits located in Canada.

Fjordland is actively exploring three high-quality nickel projects.

Fjordland has been granted an option by CanAlaska Uranium to earn an initial 49 per cent interest in the North Thompson Nickel Belt project, situated 20 km. north of Vale’s long-life Thompson mine located in northern Manitoba.

Fjordland Exploration Inc. (FEX) is down 17.86 per cent and is trading at C$0.12 at 3:55 pm ET.

More From The Market Herald

" Southern Silver (TSXV:SSV) updates its mineral resource estimate on the Cerro Las Minitas project

Southern Silver Exploration (SSV) has completed an update of its independent mineral resource estimate on the Cerro Las Minatas project in Mexico.

" United Lithium (CSE:ULTH) produces high-purity lithium from spodumene

United Lithium (ULTH) has achieved 99.1-per-cent pure lithium carbonate from spodumene concentrate.

" Aton (TSXV:AAN) announces a $500,000 bridge loan

Aton Resources (AAN) has borrowed $500,000 from OU Moonrider, a shareholder of the corporation.

" Appia (CSE:API) announces $6M private placement

Appia Rare Earths and Uranium (API) has announced a C$6 million bought-deal private placement.