Tocvan plans to initiate its next phase of exploration with the start of a trenching program in October of this year. Trenches will be used to better define surface mineralization and provide material for initial bulk sampling. Immediately following trenching a Phase III drill program of a similar scope to Phase II will continue the advancement of the project.
Vizsla President and CEO, Michael Konnert, commented: “The Napoleon Corridor continues to impress with large 500 metre plus step-outs to both the north and south returning high-grade intercepts. Today’s results, not only demonstrate the potential for very high margin mineralization at Panuco but also, and more importantly, serve to further support our exploration model and targeting strategy as we continue to expand the mineralized footprint at Napoleon.”
Jim McDonald, CEO & President, states “Congratulations to our team for the outstanding geologic work leading to an exciting new area with high-grade silver potential. This extension to the Columba veining occurs under the surface of an area which appears to be barren and adds to the numerous other high-grade zones and potential identified to date.”
As at June 30, 2021, we had a cash and cash equivalents and short term investment balance of $88.0 million. The Company’s cash position as of the date of this release is approximately $83.6 million.
Nomad Royalty Company Ltd. is pleased to announce that its common shares are anticipated to begin trading on the New York Stock Exchange on or about August 31, 2021, under the symbol “NSR”.
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