Nuvau Minerals Inc. (TSXV:NMC) announces the commencement of trading on the TSX Venture Exchange, focusing on re-establishing the Matagami mining district as a key source of critical minerals.
TORONTO, ON / ACCESSWIRE / December 17, 2024 / Nuvau Minerals Inc. (TSXV:NMC) ('Nuvau' or the'Company') is pleased to announce that its common shares will begin trading today. Nuvau is aiming to re-establish the Matagami mining district as the next critical minerals producer. 'We are thrilled to reach this milestone for Nuvau,' said Peter van Alphen, the Company's President and CEO.
'As a public company, we will enter 2025 focused on the completion of our earn-in agreement with Glencore, for the 100% ownership of the Matagami mining camp, through the continued exploration of this highly-prospective property. We will also continue to work toward the eventual production restart, initially from the Bracemac McLeod mine and then the Caber complex. We are grateful to all our shareholders who have supported us to date and look forward to sharing our continued progress with you.' One of Canada's most prolific mineral producing areas, Matagami is in the northern portion of the Abitibi greenstone belt. Spanning over1,300 km, the Matagami Property is one of the largest held land packages in the Abitibi. It hosts multiple deposits and has the potential for new discoveries. Two of these, the McLeod Extension and Renaissance, are currently being drilled. McLeod Extension is the discovery of an extension to the deposit at the past producing Bracemac McLeod mine. The current drilling program continues to test the extent of this extension. Renaissance was discovered through the drilling of one of numerous untested geophysical targets across the property. Drilling continues on this zone with the aim of defining a mineral resource estimate. The property also has a 3,000 tonne per day processing facility, a permitted built mine, large undeveloped resource in the Caber Complex, and excellent access to existing infrastructur
MINERALS EXPLORATION PRODUCTION MATAGAMI CANADA
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