SHL:CC - Homeland Nickel Samples 2.2% Nickel at Eight Dollar Mountain, Provides Exploration Update
(TheNewswire)
Toronto, Ontario – July 17, 2025– TheNewswire - Homeland Nickel Inc. (“ HomelandNickel ” or the “ Company ”) (TSX-V:SHL, OTC: SRCGF) is pleased to announce recent exploration resultsfrom its wholly owned Eight Dollar Mountain nickel laterite property(“ Eight Dollar ”), staked by the Company in 2023.
In June 2025, Homeland Nickel visited Eight Dollarand acquired fifty-six (56) surface samples of nickel laterite using ahandheld auger and shovel. The laterite was collected with minimalground disturbance in sample bags containing 50-100 grams of materialfor assaying. All samples were submitted for assaying and all samplesindicate the presence of nickel laterite with assay values rangingfrom 0.21% Ni to 2.21% Ni with an average of 0.67% Ni. The assaylocations and mining claim outlines are shown in Figure 1 and 2, andthe assay values are summarized in Table 1 with UTM locations for eachsample.
Figure 1 : Plan map of Eight DollarMountain showing sample points and assay results for Ni % (coordinatesin WGS 84 / UTM Zone 10N).
Commenting on the results, President and CEO SteveBalch is quoted as saying “We are very pleased with the results ofour first sampling program at Eight Dollar. We were expecting anaverage grade of 0.4-0.5% Ni which is more typical for surfacelaterite. In some cases where the nickel assay fell below that levelthe assay likely contained a high component of non-laterized soil. The2.2% Ni by contrast was taken at the bottom of a shallow historicalpit or 4-5 feet into the laterite. We sampled 26 of our 76 miningclaims and plan to return to Eight Dollar this summer with an expandedprogram to complete our surface sampling and to estimate the extent ofthe laterite on our property.”
Figure 2 : Map of high-grade Ni %assays at the Eight Dollar Mountain Property.
The Eight Dollar Mountain Property is located 4 km westof the town of Selma, Oregon and is accessible directly by paved roadsat both the north and south edges of the property. Access within theproperty is possible by local trails. Exploration at Eight Dollarincludes two major efforts, one in the 1950s and later in the 1970s.Several zones of nickel laterite were identified but no resources wereever published.
Permitting Update
Homeland Nickel also reports it is still waiting forapproval on its Plan of Operation for the Red Flat Nickel LateriteProject located 12 km southeast of Gold Beach, Oregon. Both Red Flatand the Company’s Cleopatra Property are located within a withdrawnarea that requires the mining claims to have been in good standingsince the withdrawal order came into effect (2015) and thatconcentrations of economic minerals were identified prior to thewithdrawal order being invoked. The Company has provided suchinformation to the Forest Service and is waiting for a response.Commenting on the delay, Steve Balch stated “it is frustratinghaving to wait so long to get approval to explore our properties. Wesubmitted the documentation back in July and August of 2024. We mayredirect our exploration efforts to Eight Dollar which is not subjectto a withdrawal order and is partly under the control of the Bureau ofLand Management which seems to be more active granting permits. But wewill continue to push to get our exploration program at Red Flatstarted. I feel like we’ve waited long enough”.
Table 1: Summary of assays at EightDollar with UTM locations (coordinates are in WGS 84 / UTM Zone10N).
QA/QC
Curtis Ferron, MSc., P.Geo., a “Qualified Person”as defined by National Instrument 43-101, is responsible for samplecollection, quality assurance (QA), and quality control (QC). Allsamples were collected either with a hand shovel or auger and wereplaced directly into plastic bags with a laboratory assay tag andsealed on site at the sample location. The samples were then shippedin secured bags directly to ALS Geochemistry in Reno, Nevada anISO/IEC 17025 accredited lab. Three internal QA/QC samples wereinserted per 30 soil samples collected.
Qualified Person
Stephen J. Balch (BSc., P.Geo. #2250 – Ontario),President and CEO of Homeland Nickel and a "QualifiedPerson" within the meaning of NI 43-101, has verified the datadisclosed in this news release, and has otherwise reviewed andapproved its technical content on behalf of the Company.
About Homeland Nickel
Homeland Nickel is a Canadian-based mineral explorationcompany focused on critical metal resources with nickel projects inOregon, United States and copper and gold projects in Newfoundland,Canada. The Company holds a significant portfolio of mining securitiesincluding 1.995 million shares of Canada Nickel Company Inc. (TSX-V:CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V:NOB), 11.522 million shares of Benton Resources Inc. (TSX-V: BEX),81,150 shares of Vinland Lithium Inc. (TSX-V: VLD) and 2.761 millionshares of Magna Terra Minerals Inc. (TSX-V: MTT). Homeland Nickel’scommon shares trade on the TSX Venture Exchange under the symbol“SHL” and on the OTCQB under the symbol “SRCGF”. More detailedinformation can be found on the Company’s website at:
http://www.homelandnickel.com
Cautionary Statement
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release. No stock exchange, securities commission orother regulatory authority has approved or disapproved the informationcontained herein.
This news release contains statements that constitute“forward-looking statements”. Forward-looking statements arestatements that are not historical facts and include, but are notlimited to, disclosure regarding possible events, that are based onassumptions and courses of action, and in certain cases, can beidentified by the words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur,or the negative forms of any of these words and other similarexpressions. Forward-looking statements include statements related tofuture plans for the Company, and other forward-looking information.Forward-looking statements are based on various assumptions includingwith respect to the anticipated actions of securities regulators,stock exchanges, and government entities, management plans andtimelines, as well as results of operations, performance, businessprospects and opportunities. Although the forward-looking statementscontained in this news release are based upon what the management ofthe Company believes are reasonable assumptions on the date of thisnews release, such assumptions may prove to be incorrect.Forward-looking statements involve known and unknown risks anduncertainties, they should not be read as guarantees of futureperformance or results, and they will not necessarily be accurateindications of whether such results will be achieved. A number offactors could cause actual results, performance or achievements todiffer materially from the results discussed in the forward-lookingstatements, including, but not limited to: an inability to develop andsuccessfully implement exploration strategies; general business,economic, competitive, political and social uncertainties; the lack ofavailable capital; impact of the evolving situation in Ukraine on thebusiness of the Company; and other risks detailed from time-to-time inthe Company’s ongoing filings with securitiesregulatory authorities, which filings can be found atwww.sedarplus.ca. The Company cannot assure readers that actualresults will be consistent with these forward-looking statements.Readers are cautioned not to place undue reliance on forward-lookingstatements in this press release. These forward-looking statements aremade as of the date of this news release and the Company disclaims anyintent or obligation to update any forward-looking statement, whetherbecause of new information, future events or otherwise, unlessotherwise required by law.
Contact
Stephen Balch, President & CEO
Phone: 905-407-9586
Email: steve@beci.ca
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