TORONTO, Aug. 31, 2020 /CNW/ - Nickel Creek Platinum
Corp. (TSX: NCP) ("Nickel Creek" or the "Company")
announces that effective September 7,
2020, the board of directors ("Board") has accepted
the resignation of Diane R. Garrett
as President and Chief Executive Officer, as well as a director of
Nickel Creek. Ms. Garrett will become a consultant to the
management team and Board and will be providing a smooth transition
of duties. Ms. Garrett has decided to pursue another opportunity
within the precious metals sector.
The Board plans to conduct an executive search to identify a
permanent successor. In the interim, Mr. Myron Manternach, Nickel Creek's Chairman of the
Board, has been appointed as the Interim President of the
Ms. Garrett commented: "I have thoroughly enjoyed the past four
years at Nickel Creek serving the shareholders and working with the
team and the Board. Nickel Creek has a very unique and significant
mineral endowment at the 100%-owned Nickel Shäw Project which is
expected to benefit from the current sustained strength in prices
of nickel, platinum and palladium. I remain a large shareholder of
the Company and look forward to its continued progress."
Mr. Manternach commented: "On behalf of the Board, I want to
thank Ms. Garrett for her service and valuable contributions during
the past four years. The Board greatly enjoyed working with her and
appreciated her strong leadership. We wish her well in her next
endeavour and look forward to her future support as a shareholder
and a consultant to the Company."
FIELD PROGRAM UPDATE
Nickel Creek completed its 2020 exploration drilling program and
is nearing completion of the project's ground-based, large loop,
transient Electro-Magnetic ("EM") geophysics program.
The Company also has completed its drill program at its Quill
target area within the Nickel Shäw Project complex. The drilling
was conducted on the EM geophysics Targets A and Target B at Quill.
For additional details, please refer to the news release dated
July 21, 2020. The core is being
prepared for shipment for assay analysis. The Company anticipates
receipt of all assay results during the fourth quarter of 2020.
As part of the 2020 field program, the Company engaged SJ
Geophysics to conduct a ground-based EM geophysics program both
east and west along strike of the main Wellgreen deposit and Quill
target area, including the Arch and Burwash targets. The Company
expects to have all data received and analysed by the end of the
2020 calendar year.
About Nickel Creek Platinum Corp.
Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a
Canadian mining exploration and development company and its
flagship asset is its 100%-owned Nickel Shäw Project. The Nickel
Shäw Project is a large undeveloped nickel sulphide project in one
of the most favourable jurisdictions in the world, with a unique
mix of metals including copper, cobalt and platinum group metals.
The Nickel Shäw project has exceptional access to infrastructure
and is located three hours west of Whitehorse via the paved Alaska Highway, which further offers
year-round access to deep-sea shipping ports in southern
Alaska. Our vision is to create
value for our shareholders by becoming a leading North American
nickel, copper, cobalt and PGM producer. The Company is also
investigating other opportunities for shareholder value
Scientific and Technical Information
The scientific and technical information disclosed in this news
release was reviewed and approved by James
Berry, Nickel Creek's Chief Geologist and a "Qualified
Person" as defined in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects.
Cautionary Note Regarding Forward-Looking Information
This news release includes certain information that may be
deemed "forward-looking information". Forward-looking information
can generally be identified by the use of forward-looking
terminology such as "may", "will", "expect", "intend", "believe",
"continue", "plans" or similar terminology, or negative
connotations thereof. All information in this release, other than
information of historical facts, including, without limitation,
statements with respect to the Company's 2019 and 2020 exploration,
drilling, geophysics and sampling programs (and the results and
potential results thereof), and general future plans and objectives
for the Company and the Nickel Shäw Project, are forward-looking
information that involve various risks and uncertainties. Although
the Company believes that the expectations expressed in such
forward-looking information are based on reasonable assumptions,
such expectations are not guarantees of future performance and
actual results or developments may differ materially from those in
the forward-looking information.
For more information on the Company and the key assumptions,
risks and challenges with respect to the forward-looking
information discussed herein, and about our business in general,
investors should review the Company's most recently filed annual
information form, and other continuous disclosure filings which are
available at www.sedar.com. Readers are cautioned not to place
undue reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
SOURCE Nickel Creek Platinum Corp.