(TheNewswire)
April 26, 2021 - TheNewswire - Vancouver, BC, Canada - Nickel Rock Resources Inc. (“the Company”) ( TSXV:NICL ) ( OTC:NICKLF ) is pleased to announce that anexploration program with a budget proposal totaling $600,000 has beenawarded to Hardline Exploration(https://www.hardlineexploration.com/). Hardline, headquartered inSmithers, BC, was founded in 2014, and is a local consulting firm forthe Golden Triangle and western Canada. Hardline work directly withlocal contractors and First Nations to ensure their projects receivesthe most efficient & dedicated exploration services available.They specialize in executing programs on complex exploration projectsto generate new discoveries and have a proven track record ofsuccessful projects incorporating highly skilled geologists and teammembers with vast experience across Canada on a variety of deposittypes. Please refer to the Technical Report for The Nickel Project,dated January 21, 2021, prepared by Jacques Houle, P. Eng. and JeremyHanson, P.Geo. (filed on SEDAR and on our website at:
https://3xk9ce3437wd1rjqcn12zzpm-wpengine.netdna-ssl.com/wp-content/uploads/2021/02/Technical-Report-for-the-Nickel-Project-final-signed.pdf
About the Project
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- The Nickel Project (“project”) consists of fournon-contiguous mineral claims groups held by Nickel Rock ResourcesInc. (“company’) through three separate agreements. Theexploration stage project is in the Takla Lake area of central BritishColumbia, partially adjacent to FPX Nickel Corp.’s Decar NickelProject.
- The Decar Nickel Project is an advanced projecttargeting awaruite, a nickel-iron alloy mineral, hosted byserpentinized ultramafic intrusive rocks of the Trembleur UltramaficUnit within the Permian to Triassic age Cache Creek Complex.
- All the claim groups of the project are partiallyunderlain by variably serpentinized ultramafic intrusive rocks of theTrembleur Ultramafic Unit. Metallic mineralization discovered to dateon the project includes nickel, cobalt, and chromium, and some of thenickel mineralization occurs as the nickel-iron alloy awaruite, and assulphide minerals including heazlewoodite, bravoite and siegenite.
- The principal target on the project is nickeloccurring as awaruite, but at the exploration stage all other stylesof mineralization should be considered.
- Systematic, ground-based exploration work beganwithin the area of the claims now covered by the Nickel Project underthe direction of Ms. Ursula Mowat, P.Geo. in 1987, continuingintermittently until 2012. This work established the presence ofelevated nickel, cobalt and chromium values in rocks, soils, andstream sediments.
- The area of the claim groups of the project wereincluded in Geoscience BC’s QUEST and QUEST-West projects, includingmultiparameter regional geophysical surveys, and regional streamsediment reanalyzes and data compilations between 2008 and2009.
- R. Britten’s technical paper “RegionalMetallogeny and Genesis of a New Deposit Type – DisseminatedAwaruite (Ni3Fe) Mineralization Hosted in the Cache Creek Terranepublished in 2017 in Economic Geology should be utilized as an interimmineral deposit model or profile for the Nickel Project.
- The Nickel Project is worthy of phased, systematicexploration programs designed and implemented to delineate areas withknown or high probability metallic nickel mineralization, and todiscover new areas of similar mineralization.
2021 Work Program
The proposed work program consists of trenching,surface exploration diamond drilling, camp construction, andexploration activities to support drilling and trenching such as soilsampling, rock sampling, prospecting, and geological mapping. Thecompany proposes a 12-man camp to be built in a cirque on the northslope of the un-named mountain west of and adjacent to Mount SydneyWilliams
and will be built next to a sub-alpine lake at theheadwaters of Van Decar Creek. The location of camp was selected basedon past exploration camps at this location and is suitable forexploration support. Camp will be used to accommodate field personneland will be accessed with helicopter.
Clayton Valley Project, Silver Peak,Nevada
The Company is exploring for lithium clays and brineswithin its project area of 118 claims covering over 930 hectares(2,300 acres). The property stretches in a northwest direction fromthe evaporation ponds of Albemarle Corporation NYSE : ALB. Ithas been widely reported that Albemarle is planning to double its lithium productionby 2025 by committing between US$30 million and US$50 million inadditional investment on the property. In 2021, Albemarle plans tocommence exploration of clay and evaluate technology that couldaccelerate the viability of lithium production from clay resources inthe region.
Qualified Person
Jacques Houle, P.Eng., a qualified person as defined byNI 43 - 101, is responsible for the technical information contained inthis release. Readers are cautioned that the information in this pressrelease regarding the property of FPX Nickel Corp is not necessarilyindicative of the mineralization on the property of interest.
About Nickel Rock ResourcesInc.
The Company is a Canadian-based mineral explorationcompany active in the exploration for nickel-iron alloy in BritishColumbia and lithium in Nevada. Nickel Rock Resources Inc. is aCanadian based exploration company whose primary listing is on the TSXVenture Exchange. The Company’s maintains a focus on explorationfor high value battery metals required for the electric vehicle (EV)market. ( http://www.nickelrockresources.com/ )
On Behalf of the Board of Directors
“Robert Setter”
Robert Setter, 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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