Source: StrategX Elements Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • StrategX Elements (STGX) mobilizes a drill rig on the Melville Peninsula
  • The company will also start the first phase 2,000 metre diamond drill program on Project Nagvaak
  • StrategX established a 25-man field camp around 20 km east of Project Nagvaak
  • The camp will serve as a strategic base for advancing its three stand-alone projects on the Melville Peninsula
  • The company plans to provide a steady flow of news throughout the remainder of the year on the back of drill results
  • StrategX Elements (STGX)  is trading at C$0.30 as of Sept 20 at 2:32 pm EST

StrategX Elements (STGX) engaged Vital Drilling Services to provide diamond drilling services for several projects located on the Melville Peninsula, Nunavut.

The company will also start the first phase 2,000 metre diamond drill program on Project Nagvaak.

The team has been very active with various exploration activities, including defining drill targets, reviewing historical data from companies such as Aquitaine Minerals, Rio Tinto and BHP and integrating them with newly acquired field data.

StrategX established a 25-man field camp around 20 km east of Project Nagvaak.

The camp will serve as a strategic base for advancing its three stand-alone projects on the Melville Peninsula.

Vital has over 30 years of Arctic experience, including four years on the Melville; its Founder and President, George Demers, has over 30 years of drilling experience and has served two terms as President of the Canadian Diamond Drill Association (CDDA) and Chair of CDDA Northern Safety Group.

Both companies are dedicated to promoting economic sustainability by hiring local people, using local services and implementing training opportunities for local talent in the communities in which they operate.

It has been said that one-third of the current project personnel have First Nation and/or Inuit status.

The company plans to provide a steady flow of news throughout the remainder of the year on the back of drill results.

StrategX’s projects on the Melville Peninsula have the advantage of being located close to coastal communities and have access to several barge routes.

Having the projects located nearby allows StrategX to be more cost-effective and efficient by transporting supplies and drill equipment via ship versus airplane or helicopter.

StrategX is a new Canadian-based exploration company on a mission to be a significant contributor to the natural resources sector and sustainable energy economy.

StrategX Elements (STGX)  is trading at C$0.30 as of Sept 20 at 2:32 pm EST.


More From The Market Herald

" Recharge Resources (CSE:RR) to supply up to 20,000 tonnes of lithium

Recharge Resources (RR) has signed a Letter of Intent (LOI) with Richlink Capital Pty.

" Fortune Minerals (TSX:FT) extends option to acquire refinery

Fortune Minerals (FT) has secured an additional extension for its purchase option for the JFSL Field Services ULC brownfield site in Lamont County,

" Aurwest (CSE:AWR) closing 5 new SpinCos as part of arrangement

Aurwest Resources (AWR) is closing 5 new SpinCos as part of the spin-out transaction to evaluate future go-public business opportunities.

" TriStar Gold (TSXV:TSG) appoints Marcus Brewster as Chief Operating Officer

TriStar Gold (TSG) announced the appointment of Marcus Brewster as Chief Operating Officer of the company.