Québec Nickel has officially changed its name to Aurbis Resources (CSE:AURR), following the strategic acquisition of the Ecru Gold Project in Nevada, US.
The company says the name – Aurbis Resources – embraces a global, multifaceted view of mineral exploration and has reimagined, rebranded, and refocused to deliver success.
Aurbis is the Latin word for ‘the known world’, ‘orbis’, at its roots, with Au replacing the O to indicate the focus on gold.
As previously reported, the company signed a definitive purchase and sale agreement with Orogen Royalties to acquire Ecru, paying US$540,000 ($758,196) in cash and shares. The company will also grant Oregon Royalties a 2% net smelter return royalty on Ecru.
The Ecru Project consists of 112 mining claims and is situated north of the Pipeline-Cortez-Goldrush-Robertson deposit cluster, one of Nevada’s most prolific gold districts.
Previous exploration activities include geophysical surveys, minor geochemical review, and minor drilling which uncovered untested targets. These targets include a potential shallow intrusive-related target with similarities to the Robertson deposit, and possible lower plate carbonate host rocks at depth.
Both styles of mineralisation are recognised within the Cortez district and the Ecru Project is considered to have high potential to host Robertson-style intrusive-related gold mineralisation and Carlin-type mineralisation, subject to further evaluation.
Aurbis Resources is set to begin modern exploration work on Ecru. The company will complete a detailed geological review of the project, culminating in a coordinated exploration plan that will then be implemented.
Further, the company has also appointed Richard Dufresne to its board of directors.
Dufresne is a geologist with nearly four decades of experience driving mineral exploration initiatives worldwide. He has held executive and senior management positions with junior and major mining companies across Canada, the US, Mexico, Peru and West Africa.
Write to Aaliyah Rogan at Mining.com.au
Images: Aurbis Resources
