Nexcel Metals Gets Drill Permit Approval for Its Exploration Program at Burnt Hill Tungsten Project
Nexcel Metals (NEXX.CN) on Tuesday said a planned diamond-drilling program at its Burnt Hill Tungsten Project in New Brunswick has been approved by the province's Department of Natural Resources and Energy Development.The company plans to start the drill program in September with mobilization expected in August. The initial exploration drill program consists of about 5,000 meters of drilling from up to 15 drill-pad locations "strategically positioned" throughout the historically mineralized Burnt Hill deposit area, it said."This initial drill program is designed not only to validate historical drilling results but also to utilize modern exploration techniques and newly acquired geophysical data to better define and potentially expand the historically known mineralization," said Chief Executive Hugh Rogers. "With permits now in hand, we are advancing preparations to commence drilling and look forward to what we believe will be a transformative exploration program for Nexcel."The company's shares were last seen unchanged at C$0.80 on the Canadian Securities Exchange.
