Saturday, September 13, 2025

Latest

Mansa Exploration Set To Acquire Wheeler Resources

Mansa Exploration (CSE: MANS) this morning announced that it has entered into an arrangement with that of Wheeler Resources to acquire the junior explorer. The company is currently focused on exploration within Newfoundland and Labrador.

Wheeler Resources currently holds a 100% interest in its flagship project, referred to as The Wheeler Property. Located in southwestern Newfoundland, the firms property consists of 790 mineral claims covering roughly 19,750 hectares near to the Bay of Islands Ophiolite Complex. Geologically, the property is prospective for nickel, copper, and platinum group metals.

A sampling program conducted on the property via an exploration alliance consisted of 367 stream-sediment samples collected by helicopter. Mineralization was found to be strongly anomalous for nickel, copper, cobalt and chromium. Mineralization was also found to contain high sulphur values, pointing to the potential for magmatic nickel-sulphide mineralization on the property.

The property also contains the four highest nickel values collected in the province by the National Geomchemical Reconnaissance survey, with values of 4,980, 4,750, 4,390, and 4,230 ppm recorded on the property within lake sediment. Strong results for copper, cobalt, and chromium were also identified by the survey.

Speaking to the geology of the property, the targets on the property are said to be magmatic Ni-Cu-PGE mineralization within a layered mafic intrusion. Similar global operations in terms of geology include Voisey’s Bay in Newfoundland, Lynn Lake and Namew Lake in Manitoba, and Norilsk in Russia.

The go-public transaction is expected to be completed prior to July 31, 2021, subject to the approval by shareholders.

Mansa Exploration last traded at $0.155 on the CSE.


FULL DISCLOSURE: Mansa Exploration is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Mansa Exploration on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Glencore Drops $5 Million Into Stillwater Critical Minerals For 9.99% Stake

Glencore is evidently still interested in projects being conducted by exploration companies, electing this morning...

Friday, June 23, 2023, 08:25:49 AM

BHP’s Nickel Shutdown Derails Plans for LME Alternatives

Global Commodities Holdings Limited (GCHL) and Abaxx Technologies Inc., two new nickel trading platforms aimed...

Thursday, September 19, 2024, 08:09:52 AM

Is It Time Again To Talk About Kyle Bass’s Thing for Nickel?

It seems like Kyle Bass is extra bullish on nickel. And we’re not talking about...

Wednesday, March 9, 2022, 05:45:00 PM

London Metal Exchange Is Being Sued For US$456.4 Million Over… Human Rights Violations?

The London Metal Exchange and LME Clear have been named defendants in a judicial review...

Monday, June 6, 2022, 10:07:00 AM

Nickel 28 Announces Share Buyback Program

Nickel 28 Capital (TSXV: NKL) this morning announced that it has been approved by the...

Wednesday, June 30, 2021, 08:56:25 AM