Nickel One Starts Trading and Acquires the Tyko Nickel-Copper Project Near Hemlo in Ontario
ZURICH, SWITZERLAND / ACCESSWIRE / February 29, 2016 / Today, mining analyst Stephan Bogner from Rockstone Research published an initiating coverage on Nickel One Resources Inc. (TSX.V: NNN) as the company started to trade earlier today in Canada and announced to acquire the Tyko Nickel-Copper Project near Hemlo in Ontario, Canada. The company’s largest shareholder is Vancouver-based investment fund Delbrook Capital Corp., which holds 15.37% of the company after a recent financing.
With cash in the bank, Nickel One may start a phase-1 drill program soon. A decade ago, drilling intersected +1% nickel and ~0.5% copper over several meters (historic), thus a significant NI43-101-compliant discovery could be made soon.
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SOURCE: Rockstone Research Ltd.