- Reported 1.15 billion t of probable estimated historical salt mineral reserves*, based on drilling work carried out between 1968 and 1971.
- Solution mining test successful at confirming brining as an appropriate mining method.
- 20 km north of deep-sea, ice-free industrial port of
Point Tupper on theStrait of Canso . - Salt analytical database on approximately 10,000 salt samples.
* Reported by Domtar inc. in 1978; Not 43-101 compliant |
* Data taken from Progress Report on the Stratigraphy and Structure of the Kingsville Salt Deposit - |
The Kingsville Salt Deposit is located at
Domtar drilled 10 exploration diamond drillholes (DK3-DK12) at depths of approximately 1200 meters. Domtar reported in 1978 an estimated historical probable salt mineral reserves of 1.15 billion t in the drilled area of 2400 m by 900 m to a depth of 1200 m. Depth to the top of the first salt ranges from 400 to 500 meters, not 43-101 (Domtar, 1968-1971).
Domtar indicated that blocks of salt appropriate for potential brine production cavities were outlined in 10 of their 11 holes.
The salt analytical database on approximately 10,000 salt samples provided by Domtar is the largest available for any salt deposit in the province (1978). The success of the brining test (KBW No. 1) and the deposit description by Domtar, indicates that the salt grades and tonnages would be sufficient for economic extraction.
Hole Number | Intervals (Feet) | Apparent | NaCl Grade |
DK-6 | 2325.1-2497.5 | 172.4' | 96.4 % |
DK-6 | 2721.7-2847.6 | 125.9' | 95.17 % |
DK-6 | 2976-3169.1 | 193.1' | 95.82 % |
DK-6 | 3278-3600.3 | 322.3' | 96.22 % |
DK-7 | 1968-2293 | 325' | 97.64 % |
DK-7 | 2342-2569.7 | 227.7' | 97.54 % |
DK-7 | 3008-3198 | 190' | 97.13 % |
DK-7 | 3410-3552 | 142' | 96.82 % |
DK-7 | 3588-3648 | 60' | 96 % |
The Kingsville Salt Deposit is accessed by traveling the
The Strait of
- Closet North American port on the Great Circle Route to
Europe andAsia via theSuez Canal - A naturally deep and ice-free harbour
- An abundant of industrial zoned, undeveloped land and property available for purchase
- Capable of accommodating the world's largest fully laden Ultra Large Carriers of 500,000 DWT
Gateway to theGreat Lakes through the St. Lawrence Seaway- National rail connections
- Limiting depth: 92 Feet (27 meters) - Average mid-channel: 210 feet (64 meters)
Point Tupper FACTS:
- 4000 acre / 166 hectare industrial zone on deep water port
- Low industrial property tax
- Land available
- Available wharf space
- Rail
- Collaborative industry partners
- Available workforce
- Airport: Celtic Air Services
Businesses in
Port Hawkesbury Paper Strait Supplies - NuStar Terminals Canada
Bear Head LNG Corp. - Tupper Industrial Developers
- Cabot Gypsum
NSPI Point Tupper Generating Station - Point Tupper Marine Services
- Plus a growing number of services…
Pursuant to the Agreement, as consideration for the acquisition of the interest in the Property, the Company will issue to the vendor an aggregate of 9,000,000 common shares (each a "Share") of the Company following the acceptance of the CSE of the Agreement (the "Acquisition").
If the Property is brought into commercial production, then the Company shall pay a royalty ("
All Shares issued under the Agreement will be subject to a four month and one day statutory hold period and voluntary escrow hold period commencing on the date of issuance, with 100% of the Shares being released from such voluntary restrictions on the date that QNB has secured satisfactory surface rights to the Property in its sole discretion (the "Surface Right"). The Company agreed to issue 900,000 common shares to an arm's length finder in connection with the Acquisition.
The Agreement contains a resolutory condition in favor of the Company in the event it fails to have obtain the Surface Right within 24 months from the closing date.
The technical content of this news release has been reviewed and approved by
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward looking statements. Such factors include, but are not limited to general business, economic, competitive, political, and social uncertainties, and uncertain capital markets. Readers are cautioned that actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE
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