VANCOUVER, BC, June 28, 2021 /CNW/ -- Nickel Rock Resources
Inc. (the "Company" and "Nickel Rock") (TSX-V: NICL),
(OTCQB: NICKLF), (FSE: NMK2) is pleased to announce that an
initial phase of the Nickel Project exploration program has been
completed. The Nickel Project ("Project") consists of four
non-contiguous mineral claims groups held by Nickel Rock Resources
Inc. through three separate agreements. The exploration stage
project is in the Trembleur Lake area of central British Columbia, partially adjacent to FPX
Nickel Corp.'s Decar Nickel Project, which is an advanced project
targeting awaruite, a nickel-iron alloy mineral, hosted by
serpentinized ultramafic intrusive rocks of the Trembleur
Ultramafic Unit.
Robert Setter, Company President
and CEO comments "We are very excited about the results from our
initial exploration program on the Hard Nickel claim group.
The team has worked very hard to get to where we are now.
During this initial exploration, we have recorded some relatively
high Ni readings measured via portable XRF on the Nickel S block,
with one being 4% Ni, and another registering approximately 6000
ppm in the Nickel W block. It should be noted that although pXRF
does not necessarily reflect bulk rock composition, it is a good
indication that we are on the right track here. Furthermore, field
work verified the presence of strongly magnetic and serpentinized
ultramafic rocks on both the Nickel W and S blocks, corresponding
to geophysical magnetic anomalies highlighted from Geoscience BC's
QUEST-West survey. Our geological team suspects these ultramafic
rocks have potential to host awaruite mineralization."
Exploration Program
- The initial exploration consisted of rock & soil
geochemical surveys and geological mapping on the lower elevation,
road accessible Nickel West and Nickel South blocks. 405 soil
samples and 149 rock samples were collected on the Nickel West
block and 101 soil samples and 50 rock samples were collected on
the Nickel South block. All samples have been submitted to SGS
Canada for analytical analysis.
- On site portable X-ray fluorescence analysis (pXRF) confirmed
the presence of nickel values exceeding 40,000 ppm on the Nickel
South block and 6000 ppm on the Nickel West block in select bedrock
samples. It should be noted that pXRF does not necessarily reflect
bulk rock composition.
- All rock samples were taken in duplicate, with one sent to SGS
Canada for geochemical analysis and a duplicate sample retained at
Hardline Exploration in Smithers
BC for further mineralogical analysis.
- Soil samples were submitted for screening to -80 mesh (180
μm) and processing with aqua regia digestion followed by analysis
using ICP-OES. Rock samples were submitted for crushing to 75%
passing 2mm, riffle splitting 250g and pulverization of the split
to better than 85% passing 105 microns, and processing with four
acid digestion followed by analysis using ICP-OES.
- Further exploration will resume on the Nickel West and Nickel
Central blocks including rock and soil geochemical surveys and
mechanized trenching.
- A Notice of Work application was submitted in February 2021 allowing for mechanized trenching,
diamond drilling, geophysics and camps. The Company is
working/consulting with the BC government and local First
Nations.
- The principal target on the Project is nickel occurring as
awaruite, but at the exploration stage all other styles of
mineralization will 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.
The survey highlighted multiple large geophysical magnetic
anomalies on both the Nickel W and S claim groups, suspected to be
attributed to ultramafic intrusive rocks from preliminary field
mapping with potential to host awaruite mineralization.
- 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.
- 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.
2021 Work Program
The Company currently has approximately $1.4 million in its treasury to fully fund its
2021 proposed work program.
The proposed work program consists of 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 a 12-man camp to be built in a cirque 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. The
location of camp was selected based on past exploration camps at
this location and is suitable for supporting exploration. Camp will
be used to accommodate field personnel and will be accessed with
helicopter.
The Company estimates that this proposed work program will
include $600,000 in exploration
expenditures spent over the summer - fall of 2021 which will
fulfill the Company's flow-through mining exploration commitments
for the 2021 calendar year.
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.
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. (http://www.nickelrockresources.com/)
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 multiple eruptive
events over the past 6 million years including eruptions from the
700,000-year-old Long Valley Caldera
system and related events. These ash layers are thought to
contribute to 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.
https://nickelrockresources.com/clayton-valley-lithium/
About the British Columbia, Canada Nickel Projects
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 kilometres 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.
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 statements.
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.
