(TheNewswire)
Vancouver, BC, Canada – TheNewswire - March4, 2021 - Nickel RockResources Inc. (“the Company”) ( TSXV:NICL ) ( OTC:NICKLF ) is pleased to announce that theTechnical Report for The Nickel Project, dated January 21, 2021,prepared by Jacques Houle, P. Eng. and Jeremy Hanson, P.Geo. has beenfiled on SEDAR and can be obtained on the Company’s website at NI #43-101 Report .
The Company’s World Class CanadianNickel Properties
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 kilometers 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.
Based on the findings of this NI #43-101 TechnicalReport, the company is planning a detailed exploration for theupcoming exploration season.
Proposed 2021 Work Program
Robert Setter, President & CEO of the Companystates “The proposed 2021 work program consists of several importantexploration plans that will be used to both confirm successfulhistorical work on the property and also advance the current thinkingof the Company’s geological team with regards to mineral explorationin the area and the discovery of an Awaruite nickel deposit. Successful exploration results from at neighboring FPX Nickel Corp.has only fueled the interest in this area and type of nickeldeposit.”
The Company’s exploration plans include strategictrenching, surface exploration diamond drilling, camp construction,and exploration activities to support drilling and trenching such assoil sampling, rock sampling, prospecting, and geological mapping. The Company proposes to have a 12-man exploration camp built on thenorth slope of the un-named mountain west of and adjacent to MountSydney Williams and will be built next to a sub-alpine lake at theheadwaters of Van Decar Creek.
Easily accessible by helicopter, the location ofexploration camp was selected based on past exploration camps at thislocation and its overall suitability for exploration support andability to accommodate enough field personnel for the explorationwork.
NI #43-101 Report Highlights:
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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 project targetingawaruite, a nickel-iron alloy mineral, hosted by serpentinizedultramafic intrusive rocks of the Trembleur Ultramafic Unit within thePermian to Triassic age Cache Creek Complex.
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- The principal target on the project is nickeloccurring as awaruite, but at the exploration stage all other stylesof mineralization should be considered.
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- 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.
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- 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.
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- 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.
NI #43-101 Report Conclusion
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.
In addition to its world class nickel explorationassets in Canada, the Company has a very promising lithium clayexploration asset in the state of Nevada USA.
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 eruptions from the 700,000-year-old Long Valley Calderasystem and related events. These ash layers are thought to be the source of the lithium brines extracted byAlbemarle and are also likely involved in the formation of the exposedlithium rich clay deposits on the east side of Clayton Valley.
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. 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.
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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