Vancouver, BC, March 4, 2021 /CNW/ -- Nickel Rock
Resources Inc. ("the Company") (TSX-V: NICL), (OTCQB:
NICKLF) is pleased to announce that the Technical Report
for The Nickel Project, dated January 21,
2021, prepared by Jacques
Houle, P. Eng. and Jeremy
Hanson, P.Geo. has been filed on SEDAR and can be obtained
on the Company's website at NI #43-101 Report.
The Company's World Class Canadian Nickel Properties
The Mount Sidney Williams Group consists of five claim blocks in
four groups with a total area of 6,125.32 hectares in the area
surrounding Mount Sidney Williams, both adjoining and near the
Decar project of FPX Nickel Corp., located 100 kilometers northwest
of Fort St. James, B.C., in the
Omineca mining division. Metallic mineralization includes nickel,
cobalt and chromium. At least some of the nickel mineralization
occurs as awaruite.
The Mitchell Range Group area claim consist of two contiguous
claim blocks covering 3,134.70 hectares with demonstrated metallic
mineralization including nickel, cobalt and chromium. Nickel-cobalt
mineralization has not been well explored, but the presence of
awaruite has been documented.
Based on the findings of this NI #43-101 Technical Report, the
company is planning a detailed exploration for the upcoming
exploration season.
Proposed 2021 Work Program
Robert Setter, President &
CEO of the Company states "The proposed 2021 work program consists
of several important exploration plans that will be used to both
confirm successful historical work on the property and also advance
the current thinking of the Company's geological team with regards
to mineral exploration in the area and the discovery of an Awaruite
nickel deposit. Successful exploration results from at
neighboring FPX Nickel Corp. has only fueled the interest in this
area and type of nickel deposit."
The Company's exploration plans include strategic trenching,
surface exploration diamond drilling, camp construction, and
exploration activities to support drilling and trenching such as
soil sampling, rock sampling, prospecting, and geological mapping.
The Company proposes to have a 12-man exploration camp built on the
north slope of the un-named mountain west of and adjacent to Mount
Sydney Williams and will be built next to a sub-alpine lake at the
headwaters of Van Decar Creek.
Easily accessible by helicopter, the location of exploration
camp was selected based on past exploration camps at this location
and its overall suitability for exploration support and ability to
accommodate enough field personnel for the exploration work.
NI #43-101 Report Highlights:
- The Nickel Project ("project") consists of four non-contiguous
mineral claims groups held by Nickel Rock Resources Inc.
("company') through three separate agreements. The exploration
stage project is in the Takla Lake area of central British Columbia, partially adjacent to FPX
Nickel Corp.'s Decar Nickel Project. The Decar Nickel Project
is an advanced project targeting awaruite, a nickel-iron alloy
mineral, hosted by serpentinized ultramafic intrusive rocks of the
Trembleur Ultramafic Unit within the Permian to Triassic age Cache
Creek Complex.
- The principal target on the project is nickel occurring as
awaruite, but at the exploration stage all other styles of
mineralization should be considered.
- Systematic, ground-based exploration work began within the area
of the claims now covered by the Nickel Project under the direction
of Ms. Ursula Mowat, P.Geo. in 1987,
continuing intermittently until 2012. This work established the
presence of elevated nickel, cobalt and chromium values in rocks,
soils, and stream sediments.
- The area of the claim groups of the project were included in
Geoscience BC's QUEST and QUEST-West projects, including
multiparameter regional geophysical surveys, and regional stream
sediment reanalyzes and data compilations between 2008 and
2009.
- R. Britten's technical paper "Regional Metallogeny and Genesis
of a New Deposit Type – Disseminated Awaruite (Ni3Fe)
Mineralization Hosted in the Cache Creek Terrane published in 2017
in Economic Geology should be utilized as an interim mineral
deposit model or profile for the Nickel Project.
NI #43-101 Report Conclusion
The Nickel Project is worthy of phased, systematic exploration
programs designed and implemented to delineate areas with known or
high probability metallic nickel mineralization, and to discover
new areas of similar mineralization.
In addition to its world class nickel exploration assets in
Canada, the Company has a very
promising lithium clay exploration asset in the state of
Nevada USA.
About Clayton Valley Lithium Project
Clayton Valley is a down-dropped
closed basin formed by the Miocene age Great Basin extension and is
still active due to movement along the Walker Lane structural
zone. As a result, the basin has preserved multiple layers of
lithium bearing volcanic ash, resulting from eruptions from the
700,000-year-old Long Valley Caldera
system and related events. These ash layers are thought to be the
source of the lithium brines extracted by Albemarle and are also
likely involved in the formation of the exposed lithium rich clay
deposits on the east side of Clayton Valley.
Clayton Valley Project, Silver Peak, Nevada
The Company is exploring for lithium clays and brines within its
project area of 118 claims covering over 930 hectares (2,300
acres). The property stretches in a northwest direction from
the evaporation ponds of Albemarle Corporation NYSE: ALB. It
has been widely reported that Albemarle is planning to
double its lithium production by 2025 by committing between
US$30 million and US$50 million in additional investment on the
property. In 2021, Albemarle plans to commence exploration of
clay and evaluate technology that could accelerate the viability of
lithium production from clay resources in the region.
Qualified Person
Jacques Houle, P.Eng., a
qualified person as defined by NI 43 - 101, is responsible for the
technical information contained in this release. Readers are
cautioned that the information in this press release regarding the
property of FPX Nickel Corp is not necessarily indicative of the
mineralization on the property of interest.
About Nickel Rock Resources
Inc. www.nickelrockresources.com
The Company is a Canadian-based mineral exploration company
active in the exploration for nickel-iron alloy in British Columbia and lithium in
Nevada. Nickel Rock Resources Inc. is a Canadian based
exploration company whose primary listing is on the TSX Venture
Exchange. The Company's maintains a focus on exploration for
high value battery metals required for the electric vehicle (EV)
market.
On Behalf of the Board of Directors
"Robert Setter"
Robert Setter, President &
CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Except for statements
of historical facts, comments that address resource potential,
upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and
others are forward-looking. Forward-looking statements are not
guarantees of future performance and actual results may vary
materially from those statements. General business conditions are
factors that could cause actual results to vary materially from
forward-looking statement.
Contact:
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.nickelrockresources.com
info@nickelrockresources.com
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SOURCE Nickel Rock Resources Inc.
