The Prospector News

Canadian North Resources Continues Receiving the DIG Grant Awarded for its Successful Exploration Programs at Ferguson Lake Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Canadian North Resources Continues Receiving the DIG Grant Awarded for its Successful Exploration Programs at Ferguson Lake Project

 

 

 

 

 

Canadian North Resources Inc. ( TSX-V: CNRI) (OTCQX: CNRSF) (FSE: EO0) is excited to announce that it has received the final $125,000 payment of the $250,000 exploration grant from the Government of Nunavut’s Discover, Invest, Grow program. This grant was awarded to the Company for its successful exploration programs completed in 2023.

 

It is the second consecutive year that the Company has received the DIG grant. Previously, the Company received the $250,000 DIG for its exploration programs completed in 2022. To date, the Company has received a total of $500,000 DIG program. This continued support will bolster the Company’s ongoing exploration efforts at its flagship Ferguson Lake Ni-Cu-Co-PGE project in Nunavut.

 

The DIG program, administered by the Nunavut Department of Economic Development and Transportation, provides financial assistance to mineral exploration companies contributing to the sustainable growth of Nunavut’s resource sector.

 

“We are honored to be recognized through the DIG program,” said Dr. Kaihui Yang, President and CEO of Canadian North Resources. “This grant further highlights the strong potential of the Ferguson Lake project and reinforces our commitment to responsible, sustainable exploration and mine development in Nunavut. We remain dedicated to building lasting relationships with local communities and government as we work together toward developing this valuable resource.”

 

About Canadian North Resources

 

Canadian North Resources Inc. is an exploration and development company focusing on the metals for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project that covers an area of 253.8 km2 of mining leases (96.9 km2) and surrounding exploration claims (156.9 km2) in the Kivalliq Region of Nunavut, Canada.

 

The Ferguson Lake mining property contains a substantial National Instrument 43-101 compliant Mineral Resource Estimate announced on March 19 2024, which include Indicated Mineral Resources of 66.1 million tonnes (Mt) containing 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79.3Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10gpt and 0.419Moz platinum at 0.19gpt; and Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 39.6Mlb cobalt at 0.07%, 1.192Moz palladium at 1.43gpt and 0.205Moz platinum at 0.25gpt. In particular, 80% of the Indicated Mineral Resources is Open Pit with 52.7Mt at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97g/t Pd and 0.17% Pt, which provides a solid Mineral Resource base for the initial development of a potential large mine. The Mineral Resource model indicates significant potential for resource expansion along strike and at depth over the 15 km long mineralized belt and a number of undefined mineralization zones and prospective areas. (Refer to “Independent Technical Report on the Mineral Resource Estimate for the Ferguson Lake Project, Nunavut, Canada prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., effective March 19, 2024, filed by the Company to the System for Electronic Document Analysis and Retrieval (“SEDAR+”) through the Internet at https://www.sedarplus.ca/landingpage/ on May 3, 2024. The Technical Report has also been posted on the Company’s website at www.cnresources.com.)

 

Posted October 1, 2024

Share this news article

MORE or "UNCATEGORIZED"


GR Silver Mining Extends Silver Mineralization with Step-Out Drilling at San Marcial 11.9 m @ 226 g/t Ag Eq* including 0.9m @ 716 g/t Ag Eq

GR Silver Mining Ltd. (TSX-V: GRSL) (OTCQB: GRSLF) (FRANKFURT: G... READ MORE

July 25, 2025

Big Ridge Gold Corp. Closes Upsized $5.2 Million Private Placement

Big Ridge Gold Corp. (TSX-V: BRAU) (OTCQB: ALVLF) is pleased to a... READ MORE

July 25, 2025

St. Augustine Closes Private Placement

St. Augustine Gold and Copper Limited (TSX: SAU) is pleased to announce ... READ MORE

July 25, 2025

GoldShore Intersects Additional Mineralization Beneath the Conceptual Open Pit at the Southwest Zone with 22m of 1.30 g/t Au

Goldshore Resources Inc. (TSX-V: GSHR) (OTCQB: GSHRF) (FSE: 8X00)... READ MORE

July 25, 2025

Benz Announces Closing Final Tranche of A$13.5M Financing

Benz Mining Corp. (TSX-V: BZ) (ASX: BNZ) is pleased to advise tha... READ MORE

July 25, 2025

Copyright 2025 The Prospector News