30 km ESE of KATINNIQ MINE
Commodities: Gold, Cobalt, Copper, Nickel, Palladium, Platinum
October 14, 2009
Canadian Royalties reported the results of an initial resource estimate commissioned specifically to evaluate the scenario of potentially mining its wholly-owned and near-surface Puimajuq deposit using open pit mining methods. The high-grade Puimajuq resource estimate adds approximately 7.5 million pounds of contained nickel metal and 12.6 million pounds of contained copper metal to the Nunavik's indicated resource contained metal inventories. Contained metal in measured and indicated resources now
totals approximately 204,000 tonnes of nickel, 252,000 tonnes of copper, 380,000 ounces of platinum and 1,539,000 ounces of palladium, while inferred resources comprise approximately 38,000 tonnes of nickel, 48,000 tonnes of copper, 85,000 ounces of platinum and 343,000 ounces of palladium.
October 8, 2009
Canadian Royalties reported the results of an updated resource estimate that was commissioned specifically to evaluate the scenario of mining the Allammaq deposit using open pit mining methods and incorporates results from thirty-five (35) delineation drillholes totalling 6,697.4 metres from the 2008 drill program. Compared to the 2008 underground resource estimate, contained nickel metal in measured and indicated resources has increased 45.5% while copper has increased 53.8%. The measured and indicated base metal resources are also complemented by approximately 71,000 ounces of contained platinum and 311,000 ounces of contained palladium. The Allammaq deposit remains open to the east for further expansion.
September 30, 2009
Jilin Jien Nickel Industry Co., Ltd., Goldbrook Ventures Inc. and Jien Canada Mining Ltd. responded on September 30, 2009, to the announcement by Canadian Royalties Inc. of the approval by shareholders of its shareholder rights plan. Jien Canada wishes to confirm that the approval of the rights plan has no effect on its offers to acquire all of the issued and outstanding common shares and all of the 7% convertible senior unsecured debentures due March 31, 2015 of Canadian Royalties. The offers are a “Permitted Bid” under the Rights Plan. As a result, the take-up and payment for shares and debentures in accordance with the terms of the offers will not trigger the dilutive effects of the rights plan.