News Releases

Fjordland Options Claims from Vulcan Minerals in Labrador

March 26, 2018

Fjordland Exploration (TSX-V: FEX) announces a Letter of Intent has been signed with Vulcan Minerals Inc. granting Fjordland the option to acquire a 65% interest in 30 mining claims located in the South Voisey’s area, Labrador. Under the terms of the agreement, Fjordland has the option to pay to Vulcan $45,000 and incur $150,000 in exploration expenditures over a period of three years.If the option is exercised a joint venture will be formed whereby Vulcan will be carried for 100% of its joint venture expenditures on the claims until Fjordland earns its full interest from Commander Resources Ltd. on surrounding contiguous lands or a minimum expenditure of $7 million on those lands.

The property is contiguous to mineral tenure held by Fjordland and Commander Resources Ltd. as part of their South Voisey’s Bay nickel-copper-cobalt Project (SVB Project). Fjordland’s strategic investor, HPX, has notified Fjordland that they intend to fund a minimum of $1.2 million of the proposed 2018 summer drill program on the SVB Project.

© 2021 High Power Exploration Inc.
All rights reserved.