Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Trump dishes on Milley clash over leaving military...
TikToker knocks Harris’ ‘weird’ take on never released...
‘Who wouldn’t want it?’: Netanyahu open to receiving...
Supreme Court lets Trump’s ‘wrecking ball’ federal job...
Biden’s strange use of teleprompter in donor’s home...
Tariff case pits Cato Institute against Trump over...
GREGG JARRETT: CIA report makes it clear Trump...
State Department investigating Rubio AI impersonator who contacted...
DOJ lands legal victory as federal judge allows...
Senate Republican moves to give US an edge...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

StrategX Provides Update on Critical Metals Exploration Activities at the Nagvaak Project, Nunavut, Canada

by admin December 3, 2024
December 3, 2024
StrategX Provides Update on Critical Metals Exploration Activities at the Nagvaak Project, Nunavut, Canada

StrategX Elements Corp. (CSE: STGX) (‘StrategX’ or the ‘Company’) has mobilized and established key logistics for its 2025 exploration program at the Nagvaak Project (‘Nagvaak’). Nagvaak represents a geological discovery with the potential to delineate a significant critical metals deposit on the Melville Peninsula. New regional exploration efforts and recently analyzed data have also highlighted a series of additional prospective targets.

Key Developments:

  • New Regional Targets Identified: Recent surface exploration efforts have identified additional critical metals targets (copper, nickel, vanadium, cobalt and graphite) within a 200 km by 100 km area in the same sedimentary belt hosting Nagvaak, showcasing the region’s substantial untapped potential. (See Figure 1.)
  • Drill Site & Base Camp: The Company has successfully positioned a drill rig at the first priority target site and completed the establishment of a base camp to support the 2025 drill campaign at Nagvaak. (See Figure 2.)
  • Supply Chain Established: Three container shipments of equipment and materials were delivered to the Melville Peninsula in September and October, ensuring a robust inventory to support future exploration activities.
  • Community Engagement: StrategX continues fostering strong relationships with local communities, prioritizing local employment and partnering with an Inuit-owned company to manage the camp and provide logistical support.
  • Operational Planning: Final preparations are underway to secure contractors for the 2025 exploration program, utilizing innovative and cost-effective approaches to maximize operational efficiency and extend the exploration season.

StrategX is focused on advancing Nagvaak as its flagship project, aiming to define a world-class critical metals deposit in Canada. With the summer financing having raised $4.5 million (see StrategX news release June 25th, 2024), the Company is well positioned to achieve its objectives, supporting both the global green energy transition and national supply chain security.

The establishment of a field base camp on the Melville Peninsula (see Figure 3.) is essential to support the success of future exploration programs developing a new critical metals province in Canada. This underexplored region exhibits geological similarities to other Proterozoic sedimentary belts hosting large-scale critical mineral deposits, providing a strong foundation for future discoveries.

StrategX filed its third-quarter results on November 29th, 2024, on SEDAR.

Figure 1. Melville Critical Metals Regional Belt Exploration Focus.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/232282_64aac6cd2489582b_006full.jpg

Figure 2. Diamond drill rig set up at the first target site DDH1 at Nagvaak for the 2025 drill campaign.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/232282_strategxcorp002.jpg

Figure 3. – StrategX’s field base camp.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/232282_64aac6cd2489582b_009full.jpg

About StrategX

StrategX is an exploration company focused on discovering critical metal deposits in Canada. With five strategic projects situated on the East Arm of the Great Slave Lake in the Northwest Territories and on the Melville Peninsula in Nunavut, we are pioneering exploration discoveries in these untapped regions. By integrating historical exploration data and applying innovative exploration methodology, StrategX is offering investors a unique opportunity to be part of multiple discoveries of new critical metal districts. These important metals are essential for supporting the global green energy transition and national supply chain security. For the latest updates and insights, visit our Investor Portal.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
info@strategXcorp.com
Phone: 778.231.2767

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232282

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

previous post
Results of Entitlement Offer
next post
Gold, Bitcoin and a Debt Spiral: 3 Key Themes from the New Orleans Investment Conference

You may also like

Bitcoin Reaches New Record High on Reserve Asset...

December 17, 2024

Greenvale Energy: Strategic Exploration of Prospective Uranium Assets...

May 28, 2025

Riverside Resources Moves Ahead on Plan to Spin...

April 1, 2025

A Major New Play is Being Proven in...

October 17, 2024

Company Update

August 12, 2024

Growth-Focused Gold Explorer: Torque Metals and Aston Minerals...

January 28, 2025

CHARBONE Hydrogen Provides Update on Grid Interconnection with...

March 6, 2025

Tavi Costa: Gold’s Next Leg Higher, Silver’s Major...

March 11, 2025

Hertz Energy Acquires Lake George Antimony Property in...

September 17, 2024

Multiple Significant New Oil Leads Identified in Peruvian...

August 5, 2024

Recent Posts

  • Trump dishes on Milley clash over leaving military equipment in Afghanistan: ‘I knew he was an idiot’
  • TikToker knocks Harris’ ‘weird’ take on never released interview: ‘Not good’
  • ‘Who wouldn’t want it?’: Netanyahu open to receiving stealth bombers, bunker-busters from US
  • Supreme Court lets Trump’s ‘wrecking ball’ federal job cuts proceed while legal fight continues
  • Biden’s strange use of teleprompter in donor’s home infuriated supporters, dashed expectations

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (818)
    • Investing (2,487)
    • Politics (3,085)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.