(TheNewswire)
Vancouver, BC, Canada – TheNewswire - Sept3, 2021 - Nickel Rock Resources Inc. (the “Company” and “Nickel Rock”) ( TSXV:NICL ) ( OTC:NICKLF ) ( FSE:NMK2 ) is pleased to announce that the second phase of the itsinitial exploration program has been completed on its Nickelexploration claims located in northern British Columbia, Canada. TheBC Nickel Exploration Project (the “Project”) consists of fournon-contiguous mineral claims groups held by Nickel Rock ResourcesInc. through three separate agreements. The exploration stage projectis in the Trembleur Lake area of central British Columbia, partiallyadjacent to FPX Nickel Corp.’s Decar Nickel Project, which is anadvanced project targeting awaruite, a nickel-iron alloy mineral,hosted by serpentinized ultramafic intrusive rocks of the TrembleurUltramafic Unit. As reported on July 8,2021 , Nickel Rock has optioned out an80% interest on two of its four mineral claims within the group, theHard Nickel 4 and Nickel 100 exploration claims, to Surge BatteryMetals (TSXV: NILI) in order to concentrate on its exploration efforts on the Nickel Group Claims directly adjacent to the FPXNickel Corp. (TSXV: FPX) Baptiste Nickel Deposit.
Robert Setter, Company President and CEO comments “Weare very pleased with the results from our initial exploration programon the Hard Nickel and Nickel 100 claim group and specifically withthe work completed during phase 2 of this initial exploration program. So far, we have recorded some relatively high Ni readings measuredvia portable XRF on the Nickel S block, as mentioned in our news from June 28,2021 , and our geological teamsuspects these ultramafic rocks have potential to host awaruitemineralization. This second phase of exploration includes both soiland rock sampling, technical report writing, mapping and assay work,with the remaining work to be done on trenching, geological,geochemical and geophysical surveying. Completion of this remainingwork will fulfil our flow-through exploration work program commitmentsfor 2021.”
2021 Exploration Program Recap
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- The initial exploration consisted of rock & soilgeochemical surveys and geological mapping on the lower elevation,road accessible Nickel West and Nickel South blocks. 405 soil samplesand 149 rock samples were collected on the Nickel West block and 101soil samples and 50 rock samples were collected on the Nickel Southblock. All samples have been submitted to SGS Canada for analyticalanalysis.
- On site X-ray fluorescence analysis (XRF) confirmedthe presence of nickel values exceeding 40,000 ppm on the Nickel Southblock and 6000 ppm on the Nickel West block in select bedrock samples.It should be noted that pXRF does notnecessarily reflect bulk rock composition.
- All rock samples were taken in duplicate, with onesent to SGS Canada for geochemical analysis and a duplicate sampleretained at Hardline Exploration in Smithers BC for furthermineralogical analysis.
- Soil samples were submitted for screening to -80 mesh(180 ?m) and processing with aqua regia digestion followed byanalysis using ICP-OES. Rock samples were submitted for crushing to75% passing 2mm, riffle splitting 250g and pulverization of the splitto better than 85% passing 105 microns, and processing with four aciddigestion followed by analysis using ICP-OES.
- Further exploration will resume on the Nickel Westand Nickel Central blocks including rock and soil geochemical surveysand mechanized trenching.
- A Notice of Work application was submitted inFebruary 2021 allowing for mechanized trenching, diamond drilling,geophysics and camps. The Company is working/consulting with the BCgovernment and local First Nations.
- The principal target on the Project is nickeloccurring as awaruite, but at the exploration stage all other stylesof mineralization will 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, continuing intermittently until 2012. This work establishedthe presence of elevated nickel, cobalt and chromium values in rocks,soils, and stream sediments.
- The area of the claim groups ofthe Project were included in Geoscience BC’s QUEST and QUEST-Westprojects, including multiparameter regional geophysical surveys, andregional stream sediment reanalyzes and data compilations between 2008and 2009. The survey highlighted multiple large geophysical magneticanomalies on both the Nickel W and S claim groups, suspected to beattributed to ultramafic intrusive rocks from preliminary fieldmapping with potential to host awaruite mineralization.
- Britten’s technical paper “Regional Metallogenyand Genesis of a New Deposit Type – Disseminated Awaruite (Ni3Fe)Mineralization Hosted in the Cache Creek Terrane published in 2017 inEconomic Geology should be utilized as an interim mineral depositmodel 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 Company currently has sufficient funds in itstreasury to fully fund its 2021 proposed work program and itsremaining working capital needs for 2021 and 2022.
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 forsupporting exploration. Camp will be used to accommodate fieldpersonnel and will be accessed with helicopter. The work program ismanaged by Jeremy Hansen, P. Geol. and Hardline ExplorationCorp.
The Company estimates that this 2021 work program willinclude $600,000 in exploration expenditures.
Qualified Person
Jeremy Hanson, P.Geo., a qualified person as defined byNI 43 – 101, is responsible for the technical information containedin this release. Readers are cautioned that the information in thispress release regarding the property of FPX Nickel Corp is notnecessarily indicative of the mineralization on the property ofinterest.
About Nickel Rock Resources Inc. www.nickelrockresources.com
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.
About Clayton Valley LithiumProject
Clayton Valley is a down-dropped closed basin formed bythe Miocene age Great Basin extension and is still active due tomovement along the Walker Lane structural zone. As a result, thebasin has preserved multiple layers of lithium bearing volcanic ash,resulting from multiple eruptive events over the past 6 million yearsincluding eruptions from the 700,000-year-old Long Valley Calderasystem and related events. These ash layers are thought tocontribute to the lithium brines extracted by Albemarle and are alsolikely involved in the formation of the exposed lithium rich claydeposits on the east side of Clayton Valley. https://nickelrockresources.com/clayton-valley-lithium/
About the British Columbia, CanadaNickel Projects
The Mount Sidney Williams Group consists of five claimblocks in four groups with a total area of 6,125.32 hectares in thearea surrounding Mount Sidney Williams, both adjoining and near theDecar project of FPX Nickel Corp., located 100 kilometres northwest ofFort St. James, B.C., in the Omineca mining division. Metallicmineralization includes nickel, cobalt, and chromium. At least some ofthe nickel mineralization occurs as awaruite. The Mitchell RangeGroup area claim consist of two contiguous claim blocks covering3,134.70 hectares with demonstrated metallic mineralization
including nickel, cobalt, and chromium. Nickel cobaltmineralization has not been well explored, but the presence ofawaruite has been documented.
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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