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I'm Lesley Mapstone for Investmentpitch.com
Enfield Exploration is one of the latest new listings on the Canadian National Stock Exchange,
and will trade under the symbol EXP.
Enfield is engaged in the acquisition, exploration and development of mineral resources, primarily
nickel, in Yukon Territory.
The company has the right to acquire mineral interests in the Wels Nickel Property, located
60 kilometers east of Beaver Creek and 190 kilometres south of Dawson City in central
Yukon Territory,
The property consists of 24 contiguous mineral claims totalling 486 hectares,
The company has the option to earn a 100% interest by paying $147,500 over a period
of approximately 2 years.
The project is subject to a 5% Net Smelter Royalty, which Enfield has the option to redeem
at any time, following the commencement of commercial production, by paying $1,500,000
for each 1% royalty rate.
A program of reconnaissance grid soil sampling was carried out on the Wels Nickel Property
in conjunction with sampling of the other claim
blocks forming the original Wels property.
Examination of assay results for iron, manganese and aluminum indicated that the soil samples
are of good quality with no indication of enrichment or leached material.
The highest iron levels suggest a possible iron sulphide source related to nickel.
The company has approximately 8 million shares issued and outstanding.
For more information, please contact John Bevilacqua, President & CEO at 604-721-3000
or email info@acquacapitalgroup.com.
I'm Lesley Mapstone for Investmentpitch.com For more video news, and to view our disclaimer,
please visit our website at www.investmentpitch.com This video is for information purposes only
and it not a recommendation to buy or sell any securities