(TheNewswire)
January 14, 2021 - TheNewswire - Vancouver, BC, Canada - Nickel Rock Resources Inc. (“theCompany”) ( TSXV:NICL ) ( OTC:NIKLF ) reports that preparations are currently underway to conduct a shallowdrilling program, up to 125 m or 400 feet on its Clayton Valleyproject at Silver Peak, Nevada. Estimates for the drilling costs arecurrently being evaluated with a possible start date in early March. The Company is fully funded for this program.
Neighbouring lithium producer Albemarle (NYSE: ALB ), aleader in the global specialty chemicals industry, announced onJanuary 7 th , 2021 plans to expand capacity at their lithium productionfacility at Silver Peak, Nevada. In addition, it will begin aprogram to evaluate clays and other available Nevada resources forcommercial production of lithium. Albemarle said that beginning in2021, the company plans to invest $30 million to $50 million to doublethe current production at the Nevada site by 2025, making full use ofits brine water rights. (refer to Albemarle news release datedJanuary 7, 2021)
Qualified Person
Alan Morris is a Qualified Person as defined byNational Instrument 43-101 and has approved the technical informationcontained within this news release.
About Nickel Rock ResourcesInc . www.nickelrockresources.com
Nickel Rock Resources is a Canadian-based mineralexploration company with a highly focused exploration for high-valuebattery metals required for the electric vehicle (EV) market. Thecompany recently announced several acquisitions resulting in asignificant property package prospective for awaruite, a naturallyoccurring nickel-iron alloy important in the manufacture ofenvironmentally efficient batteries for the electric vehicle marketsglobally.
Nickel 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 Range group area claim consist of twocontiguous claim blocks covering 3,134.70 hectares with demonstratedmetallic mineralization including nickel, cobalt and chromium.Nickel-cobalt mineralization has not been well explored, but thepresence of awaruite has been documented. The company is planningdetailed exploration for the upcoming exploration season. Theacquisition of the Hard Nickel group and the Nickel 100 claims aresubject to TSX Venture Exchange approval.
Lithium Projects
The Clayton Valley project is an early-stage lithiumbrine prospect in Esmeralda county, Nevada. A total of 77 placerclaims covering about 640 hectares (1,500 acres) were staked over thewestern side of the Clayton Valley playa. The property position coversan inferred graben bounded by the Silver Peak range front on the westand Goat Island on the east. The exploration concept is the graben isa subbasin of the larger Clayton Valley basin and may represent asecondary trap for lithium brines within the greater system.
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 guaranteeingfuture 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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