Announcement Date: 2022-07-05
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Nickel North Exploration Corp.
Project name: Hawk Ridge
Location: Canada
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia–(Newsfile Corp. – July 5, 2022) – Nickel North Exploration Corp. (TSXV: NNX) (” Nickel North” or the “Company”) today announced an updated Mineral Resource Estimate (“MRE”) for its 100% owned Hawk Ridge Nickel-Nickel-Cobalt-PGE Sulphide Project (“Hawk Ridge”) in NorthernQuébec. The NI-43-101 Inferred MRE increased by 76.6% to 34.66 Mt from 19.63 Mt and includes an update on its previously reported Hope Advance Main (“HAM”) Zone and Hope Advance North (“HAN”), Gamma and Falco 7 Deposits. The higher-grade “Raglan Type” sulphide mineralization exists in all four reported nickel-copper sulphide deposits and all of them remain open along strike and down-dip (Figure 2-4); Hawk Ridge has a similar rock age/type and is part of the same Circum-Superior nickel belt, and lastly same occurrences of Ni-Cu & PGE metals found (Figure 1). For this update to the 2013 initial Mineral Resource Estimate, two drill holes (HR2014-49 and HR2014- 50) completed in late-2014 were added to the original 2013 database, for a total of 37,262 m drilled. A sampling and mineral characteristic study was completed in 2014 by XPS Consulting and Testwork Service (www.xps.ca), a Glencore company.
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