VANCOUVER, BC, Sept. 3, 2021 /CNW/ -- Nickel Rock
Resources Inc. (the "Company" and "Nickel
Rock") (TSX-V: NICL) (OTCQB: NICKLF)
(FSE: NMK2) is pleased to announce that the second
phase of the its initial exploration program has been completed on
its Nickel exploration claims located in northern British Columbia, Canada. The BC Nickel
Exploration Project (the "Project") consists of four non-contiguous
mineral claims groups held by Nickel Rock Resources Inc. through
three separate agreements. The exploration stage project is in the
Trembleur Lake area of central British
Columbia, partially adjacent to FPX Nickel Corp.'s Decar
Nickel Project, which is an advanced project targeting awaruite, a
nickel-iron alloy mineral, hosted by serpentinized ultramafic
intrusive rocks of the Trembleur Ultramafic Unit. As reported
on July 8, 2021, Nickel Rock has
optioned out an 80% interest on two of its four mineral claims
within the group, the Hard Nickel 4 and Nickel 100 exploration
claims, to Surge Battery Metals (TSXV:
NILI) in order to concentrate on its exploration efforts on
the Nickel Group Claims directly adjacent to the FPX Nickel Corp.
(TSXV: FPX) Baptiste Nickel
Deposit.
Robert Setter, Company President
and CEO comments "We are very pleased with the results from our
initial exploration program on the Hard Nickel and Nickel 100 claim
group and specifically with the work completed during phase 2 of
this initial exploration program. So far, we have recorded
some relatively high Ni readings measured via portable XRF on the
Nickel S block, as mentioned in our news from June 28, 2021, and our geological team suspects
these ultramafic rocks have potential to host awaruite
mineralization. This second phase of exploration includes both soil
and 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 remaining
work will fulfil our flow-through exploration work program
commitments for 2021."
2021 Exploration Program Recap
- The initial exploration consisted of rock & soil
geochemical surveys and geological mapping on the lower elevation,
road accessible Nickel West and Nickel South blocks. 405 soil
samples and 149 rock samples were collected on the Nickel West
block, and 101 soil samples and 50
rock samples were collected on the Nickel South block. All samples
have been submitted to SGS Canada for analytical analysis.
- On site X-ray fluorescence analysis (XRF) confirmed the
presence of nickel values exceeding 40,000 ppm on the Nickel South
block, and 6000 ppm on the Nickel
West block in select bedrock samples. It should be noted that pXRF
does not necessarily reflect bulk rock composition.
- All rock samples were taken in duplicate, with one sent to SGS
Canada for geochemical analysis and a duplicate sample retained at
Hardline Exploration in Smithers
BC for further mineralogical analysis.
- Soil samples were submitted for screening to -80 mesh (180 μm)
and processing with aqua regia digestion, followed by analysis using ICP-OES. Rock
samples were submitted for crushing to 75% passing 2mm, riffle
splitting 250g and pulverization of the split to better than 85%
passing 105 microns, and processing with four acid digestion
followed by analysis using ICP-OES.
- Further exploration will resume on the Nickel West and Nickel
Central blocks including rock and soil geochemical surveys and
mechanized trenching.
- A Notice of Work application was submitted in February 2021 allowing for mechanized trenching,
diamond drilling, geophysics and camps. The Company is
working/consulting with the BC government and local First
Nations.
- The principal target on the Project is nickel occurring as
awaruite, but at the exploration stage all other styles of
mineralization will be considered.
- Systematic, ground-based exploration work began within the area
of the claims now covered by the Nickel Project under the direction
of Ms. Ursula Mowat, P.Geo. in 1987,
continuing intermittently until 2012. This work established the
presence of elevated nickel, cobalt, and chromium values in rocks, soils, and
stream sediments.
- The area of the claim groups of the Project were included in
Geoscience BC's QUEST and QUEST-West projects, including
multiparameter regional geophysical surveys, and regional stream
sediment reanalyzes and data compilations between 2008 and 2009.
The survey highlighted multiple large geophysical magnetic
anomalies on both the Nickel W and S claim groups, suspected to be
attributed to ultramafic intrusive rocks from preliminary field
mapping with potential to host awaruite mineralization.
- Britten's technical paper "Regional Metallogeny and Genesis of
a New Deposit Type – Disseminated Awaruite (Ni3Fe) Mineralization
Hosted in the Cache Creek Terrane published in 2017 in Economic
Geology should be utilized as an interim mineral deposit model or
profile for the Nickel Project.
- The Nickel Project is worthy of phased, systematic exploration
programs designed, and implemented
to delineate areas with known or high probability metallic nickel
mineralization, and to discover new areas of similar
mineralization.
2021 Work Program
The Company currently has sufficient funds in its treasury to
fully fund its 2021 proposed work program and its remaining working
capital needs for 2021 and 2022.
The proposed work program consists of trenching, surface
exploration, diamond drilling, camp construction, and exploration
activities to support drilling and trenching, such as soil sampling, rock sampling,
prospecting, and geological mapping. The company proposes a 12-man
camp to be built in a cirque on the north slope of the un-named
mountain west of and adjacent to Mount Sydney Williams, and will be
built next to a sub-alpine lake at the headwaters of Van Decar Creek. The location of camp was
selected based on past exploration camps at this location and is
suitable for supporting exploration. Camp will be used to
accommodate field personnel and will be accessed with
helicopter. The work program is managed by Jeremy Hansen, P. Geol. and Hardline Exploration
Corp.
The Company estimates that this 2021 work program will include
$600,000 in exploration
expenditures.
Qualified Person
Jeremy Hanson, P.Geo., a
qualified person as defined by NI 43 – 101, is responsible for the
technical information contained in this release. Readers are
cautioned that the information in this press release regarding the
property of FPX Nickel Corp is not necessarily indicative of the
mineralization on the property of interest.
About Nickel Rock Resources Inc.
www.nickelrockresources.com
The Company is a Canadian-based mineral exploration company
active in the exploration for nickel-iron alloy in British Columbia and lithium in
Nevada. Nickel Rock Resources Inc. is a Canadian based
exploration company whose primary listing is on the TSX Venture
Exchange. The Company's maintains a focus on exploration for
high value battery metals required for the electric vehicle (EV)
market.
About Clayton Valley Lithium Project
Clayton Valley is a down-dropped
closed basin formed by the Miocene age Great Basin extension and is
still active due to movement along the Walker Lane structural
zone. As a result, the basin has preserved multiple layers of
lithium bearing volcanic ash, resulting from multiple eruptive
events over the past 6 million years, including eruptions from the
700,000-year-old Long Valley Caldera
system and related events. These ash layers are thought to
contribute to the lithium brines extracted by Albemarle and are
also likely involved in the formation of the exposed lithium rich
clay deposits on the east side of Clayton Valley.
https://nickelrockresources.com/clayton-valley-lithium/
About the British Columbia, Canada Nickel Projects
The Mount Sidney Williams Group consists of five claim blocks in
four groups with a total area of 6,125.32 hectares in the area
surrounding Mount Sidney Williams, both adjoining and near the
Decar project of FPX Nickel Corp., located 100 kilometres northwest
of Fort St. James, B.C., in the
Omineca mining division. Metallic mineralization includes nickel,
cobalt, and chromium. At least some of the nickel mineralization
occurs as awaruite. The Mitchell Range Group area claim
consist of two contiguous claim blocks covering 3,134.70 hectares
with demonstrated metallic mineralization, including nickel, cobalt, and chromium.
Nickel cobalt mineralization has not been well explored, but the
presence of awaruite has been documented.
On Behalf of the Board of Directors
"Robert Setter"
Robert Setter, President &
CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Except for statements
of historical facts, comments that address resource potential,
upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and
others are forward-looking. Forward-looking statements are not
guarantees of future performance and actual results may vary
materially from those statements. General business conditions are
factors that could cause actual results to vary materially from
forward-looking statements.
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.nickelrockresources.com
info@nickelrockresources.com
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SOURCE Nickel Rock Resources Inc.
