Morien Resources starts drill program at Lazy Head

Executive Summary

• Morien Resources Corp. has commenced a maiden drill program at its Lazy Head Aggregate project in Nova Scotia, marking a transition from greenfield discovery to technical definition.
• The drilling aims to evaluate granite quality, continuity, and volume while collecting samples for physical, chemical, and durability testing required for permitting and engineering studies.
• The project is developed in partnership with Carver Companies LLC, with Carver fully reimbursing Morien's expenses and providing milestone payments and production royalties upon permitting and future sales.

Key Details

• Drilling Program:
  • Location: Lazy Head Aggregate project, Municipality District of Guysborough (MODG), Nova Scotia.
  • Method: Helicopter-supported core holes.
  • Objective: Evaluate quality, continuity, and volume of the granite resource; collect representative samples for physical, chemical, and durability testing.
  • Execution: Conducted by an experienced Atlantic Canadian drill contractor under Morien’s direct geological supervision.
  • Application: Results will feed into quarry design, mine planning, and environmental baseline studies.
• Project Development & Permitting:
  • Goal: Development of a long-life, multigenerational, high-quality construction aggregate quarry and deepwater marine terminal on Chedabucto Bay.
  • Target Market: High-growth infrastructure and construction markets along the United States East Coast.
  • Permitting Lead: GHD Group.
  • Community Engagement: Strum Consulting supporting rightsholder and community engagement; includes door-to-door outreach, community open houses, and engagement with fisheries organizations and regulators.
  • Environmental Studies: Marine and terrestrial baseline studies, fisheries and habitat fieldwork, multibeam bathymetry, geotechnical, and engineering surveys.
  • Mitigation: Carver committed to advanced noise, dust, and light-mitigation systems (warehouse-style enclosures, acoustic treatments).
• Morien-Carver Partnership Terms:
  • Structure: Strategic partnership formed in 2024.
  • Financial Terms:
    • Morien receives a milestone payment upon successful permitting of Lazy Head.
    • Morien receives an industry-competitive production royalty on future aggregate sales for the life of the operation.
    • All of Morien's time and expenses related to advancing Lazy Head are fully reimbursed by Carver.
  • Carver Profile: Privately held U.S.-based operator of quarries, aggregates terminals, tug-and-barge services, and stevedoring operations.
• Economic Impact:
  • Expected to create approximately 75 high-paying, local, full-time jobs.
  • Joint development of life-of-mine community benefit-sharing frameworks.

Notable Quotes

• None explicitly quoted in the text, though the release highlights the strategic nature of the partnership and the community-focused approach.