Winshear Enters Option Agreement on the Portsoy Nickel – Copper – Cobalt Project, Scotland
VANCOUVER, British Columbia, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV:WINS) (‘Winshear' or the ‘Company') is pleased to announce that, subject to the approval of the TSX Venture Exchange (the ‘TSX-V'), on August 7, 2025, it entered into an arms length agreement with Peak Nickel Limited ("Peak Nickel"), a private UK registered company, whereby Winshear can earn a 100% interest in the 250km2 Portsoy Project, located in Aberdeenshire, Northeast Scotland (Map 1). No Finders Fees are payable.
Richard Williams, CEO of Winshear, stated "The Portsoy Project represents a tremendous opportunity to develop a new nickel, copper, cobalt project in Scotland. Nickel and cobalt are both listed on the U.K.'s Critical Minerals list and the EU's Strategic Raw Materials list. Exploration completed to date at the Rodburn Target within the Portsoy Project has demonstrated the presence of near surface, high-grade nickel, copper, cobalt sulphide mineralisation. We have only scratched the surface of this system, and look forward to commencing the next drill programme as soon as possible."
The Portsoy Project Overview and History
Drilling has confirmed the presence of massive, semi-massive and disseminated nickel, copper, cobalt sulphide mineralisation hosted within a mafic / ultramafic intrusive complex;
The Portsoy Project includes the Rodburn Target, discovered in the early 1970s by Exploration Ventures Ltd (EVL), a Goldfields / Rio Tinto joint venture company;
EVL drilled 26 holes (4,115m) at Rodburn, outlining a northeast trending, northwest dipping sheet of sulphide mineralisation (now named the South Zone), intersecting up to 12.6m grading 1.1% Ni and 0.33% Cu. Cobalt was not assayed for. (Wilks, G.F. (1974)1; Wilks, G.F. and Smith, M.R.M. (1976)2. Note - the EVL drilling and the intersect mentioned herein is historic in nature and is only used for reference purposes;
EVL's programme was halted in the mid 1970s due to legal issues and was forgotten about for the last 50 years;
Between 2019 and 2022 Peak Nickel signed exploration and 100-year mining lease agreements with the landowners to conduct work over the Rodburn target;
Between 2022 and 2023 Peak Nickel completed 3,700m of drilling in 24 drill holes testing two zones, North (2 holes) and South (22 holes), expanding the extents of the Rodburn Target (see Table 1 below) and confirming the presence of cobalt mineralisation (Peak Nickel news releases dated February 21, 2024 here);
A 3d model of the two zones of mineralisation and their spatial relationship can be viewed here;
The South Zone is up to 30m thick (true thickness) and dips at approximately 50o to the northwest. The surface expression appears as a coincident soil and magnetic anomaly with a strike length of over 3km. To date only 350m of strike length has been drill tested, confirming continuous mineralisation to a vertical depth of 180m. Mineralisation is open to depth; (Peak Nickel presentation can be viewed here);
The North Zone appears to be a flat to shallow dipping zone up to 35m thick sub-cropping beneath approximately 15m of glacial till. Only two drill holes have tested this target, which remains open in all directions;
Selected intercepts from the Peak Nickel drilling include:
Hole ID
From (m)
Length (m)
Ni (%)
Cu (%)
Co (ppm)
*Ni Eq %
**Cu Eq %
RBD001
40.52
12.48
0.63
0.54
403
1.06
1.68
incl.
45.00
6.00
0.96
0.73
601
1.55
2.46
RBD002
50.60
35.40
0.71
0.30
473
1.00
1.59
incl.
70.00
12.00
1.42
0.54
929
1.96
3.12
RBD004
112.00
12.26
1.02
0.83
633
1.68
2.67
incl.
118.29
5.97
1.92
1.50
1197
3.12
4.96
RBD009
51.60
13.79
1.39
0.53
728
1.88
2.99
incl.
60.00
