22:13:31 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Cumberland Resources Nickel Corp
Symbol LAND
Shares Issued 65,610,425
Close 2024-11-08 C$ 0.03
Market Cap C$ 1,968,313
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Cumberland Resources stakes 44 claims in Ontario

2024-11-11 16:02 ET - News Release

Mr. Kelly Abbott reports

CUMBERLAND RESOURCES STAKES 44 PROSPECTIVE CLAIMS IN ONTARIO

Cumberland Resources Nickel Corp. has successfully staked 44 single-cell unpatented mining claims, totalling approximately 800 hectares, in Darling township, Southeastern Ontario, located about 300 kilometres east-northeast of Toronto. The area offers excellent infrastructure, including hydroelectric power, accessible road networks and proximity to a highly skilled work force.

According to the Ontario Geological Survey's Ontario Mineral Inventory (OMI), there are nine documented occurrences of antimony (in association with copper, gold and silver) within Darling township and in adjacent Lavant township, although some are on private land and/or pre-existing mining claims. The Lavant-Darling antimony occurrences are hosted within the Robertson Lake shear zone.

Recent reports indicate the presence of tetrahedrite, an antimony-bearing mineral, on Cumberland's newly staked southern claim block. In addition, occurrences of other valuable metals, such as gold, silver and copper, are also found in proximity to the Cumberland claims, underscoring the area's mineral potential.

Cumberland's chief executive officer, Kelly Abbott, stated: "Antimony is a critical mineral in the production of energy storage and defence technologies, and the ongoing geopolitical tensions underscore the importance of securing reliable sources outside of current major producers. Our recent claims in Darling township not only highlight Cumberland's dedication to advancing critical mineral exploration in North America but also position us to potentially play a significant role in supplying this increasingly strategic resource."

Qualified person

The scientific and technical disclosure for Cumberland included in this news release has been reviewed and approved by Mark Smyk, PGeo. Mr. Smyk is a technical adviser to the company and a qualified person under National Instrument 43-101 -- Standards of Disclosure of Mineral Projects (NI 43-101).

About Cumberland Resources Nickel Corp.

Cumberland Resources Nickel holds a 100-per-cent interest in the St. Anthony property, a prospective mineral asset located in Newfoundland, Canada. The St. Anthony property is strategically positioned in a region known for its rich mineral potential, with favourable geological formations that suggest potential for valuable resources. Cumberland is focused on acquiring, exploring and advancing mineral properties like St. Anthony to build a portfolio that supports critical resource needs in North America.

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