NICL:CC - Nickel Rock Adds an Additional Lithium Project in Nevada to its Property Portfolio
(TheNewswire)
Coquitlam, BC – TheNewswire - March 29,202 3 - Nickel RockResources Inc. (the “Company” or “NickelRock”) (TSXV:NIC ) , ( OTC:NICKLF ) , ( FRA:NMK2) announces that the Company has staked 80 placerclaims (MVS1–MVS80) covering approximately 635 hectares of alluvialsediments and clays located 122 km northeast of Tonopah, Nevada (the“Volt Canyon Lithium Property”).
The Volt Canyon Lithium Property is located in MonitorValley, Nevada, about 122 km north-northeast of Tonopah, Nevada. Thecenter of the property is about 38.96° North Latitude,116.70 ° West Longitude.
Geology and Mineralization
The Volt Canyon Lithium Property is sediment-hostedlithium clay targets. Access to the property is good and both futureexploration and exploitation work could be conducted year-round.Minimal work has been conducted on the project to date, but surfacesamples reported in regional NURE data run up to 108 ppm Li near theclaim block.
The origin of this lithium deposit is suspected to besimilar to Clayton Valley clay deposits located about 180 km to thesouth. Both areas are reasonably well represented by the USGSpreliminary deposit model, which describes the primary characteristicsas light-colored, ash-rich, lacustrine (lake) rocks containingswelling clays.
Mr. Tim Fernback, Nickel Rock’s President & CEOcomments “Volt CanyonLithium Project has been relatively unexplored to date, but thelithium exploration potential due to the geothermal activity in theproject area is compelling. Our geological team has been assessingthis overall area for several months for its lithium explorationpotential. It is the Company’s intention to rapidly evaluate thelithium potential of this project over the coming months. It isNickel Rock’s intent to complete an initial NI #43-101 TechnicalReport on the property in the near future”.
Qualified Person as Defined UnderNational Instrument 43-101
Alan J. Morris, CPG of SpringCreek, Nevada, a Qualified Person as defined under Nation Instrument43-101 has reviewed and approved the technical aspects of this newsrelease.
About Nickel Rock ResourcesInc.
Nickel Rock Resources Inc. is a Canadian basedexploration company whose primary listing is on the TSX VentureExchange. The Company’s maintains a focus on exploration for highvalue battery metals required for the electric vehicle (EV) market. www.nickelrockresources.com
About the British Columbia, NickelProjects
The Mount Sidney Williams Group consists of three claimblocks with a total area of 10,569 hectares in the area surroundingMount Sidney Williams, both adjoining and near the Decar project ofFPX Nickel Corp., located 100 kilometres northwest of Fort St. James,B.C., in the Omineca mining division. Metallic mineralization includesnickel, cobalt, and chromium. At least some of the nickelmineralization occurs as awaruite. The Mitchell Range Group areaclaim consist of one claim block covering 8,659 hectares withdemonstrated metallic mineralization including nickel, cobalt, andchromium. Nickel cobalt mineralization has not been well explored, butthe presence of awaruite has been documented. The Company has optioned out an 80% interest on certain mineralclaims within the Hard Nickel 4 and Nickel 100 exploration project, toSurge Battery Metals Inc. (TSXV:NILI).
About Clayton Valley LithiumProject
The Company owns a 100% in 113 lithium lode and placerclaims covering over 640 hectares in Clayton Valley. Clayton Valley isa down-dropped closed basin formed by the Miocene age Great Basinextension and is still active due to movement along the Walker Lanestructural zone. As a result, the basin has preserved multiplelayers of lithium bearing volcanic ash, resulting from multipleeruptive events over the past 6 million years including eruptions fromthe 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brinesextracted by Albemarle and are also likely involved in the formationof the exposed lithium rich clay deposits on the east side of ClaytonValley.
On Behalf of the Board of Directors
“Tim Fernback”
604-428-5690
Tim Fernback, President & CEO
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-lookingstatements.
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