(TheNewswire)
January 21, 2021 - TheNewswire - Vancouver, BC, Canada - Nickel Rock Resources Inc. (“the Company”) TSXV:NICL ) ( OTC:NIKLF ) is pleased to report that prior to implementing areconnaissance drilling campaign on its 100% owned Clayton ValleyProject adjoining a western portion of neighbouring lithium producerAlbemarle’s (NYSE: ALB) evaporation ponds a staking program is nowin progress. This new staking program is expanding our current landposition and targeting known sedimentary horizons with potential forlithium bearing clay horizons.
Momentum for this new program stems from Albemarle’srecent announcement that it will commence exploration of clay andevaluate technology that could accelerate the viability of lithiumproduction from clay resources in the region. As reported byAlbemarle in the Globe & Mail on January 11, 2021 "As a leader in the lithiumindustry, our priority is to optimize our world-class resources andproduction. This includes Silver Peak, a site uniquely positioned asthe only lithium-producing resource in the United States," saidEric Norris, Albemarle President, Lithium. "This investment indomestic capacity shows that we are committed to looking at the manyways in which Silver Peak can provide domestic support for the growingEV market."
Robert Setter, President & CEO comments” It isapparent that lithium extraction in Clayton Valley from both lithiumbrine and lithium clays is fast becoming a reality and Nickel Rockneeds to be part of that reality. In the months ahead we willcomplete our first reconnaissance drilling campaign to evaluate thepotential for lithium bearing brines as well as lithium bearing clays. We are excited to begin this journey on the property.”
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 .
Nickel Rock Resources is a Canadian-based mineralexploration company with a highly focused effort on exploration forhigh-value battery metals required for the electric vehicle (EV)market. The company recently announced several acquisitions resultingin a significant property package prospective for awaruite, anaturally occurring nickel-iron alloy important in the manufacture ofenvironmentally efficient batteries for the electric vehicle marketsglobally.
Lithium Project
The 100% owned Clayton Valley Project is an early-stagelithium brine prospect in Esmeralda county, Nevada. A total of 77placer claims covering about 640 hectares (1,500 acres) were stakedover the western side of the Clayton Valley playa. The propertyposition covers an inferred graben bounded by the Silver Peak rangefront on the west and Goat Island on the east. The exploration conceptis the graben is a subbasin of the larger Clayton Valley basin and mayrepresent a secondary trap for lithium brines within the greatersystem.
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
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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