Announcement Date: 2023-04-11
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Nickel Creek Platinum Corp.
Project name: Nickel Shaw
Location: Canada
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt,Sulphur
Highlight: Drilling results incl. 3.84m at 2.57% Ni, 1.61% Cu, 0.11% Co, 0.81g/t Pt, 1.44g/t Pd, 0.10g/t Au, 19.64% S from 169.48m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, April 11, 2023 /CNW/ – Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) (“Nickel Creek” or the “Company”) is pleased to announce the results from its 2022 drilling and geophysics program on the Arch Target conducted during the period of July-October 2022 in Yukon, Canada. The timing of the release of these results was largely impacted by the unprecedented volume of samples from exploration projects throughout Yukon submitted to the ALS preparation lab in Whitehorse. The drilling component of the 2022 exploration program comprised 18 holes totalling 2,975 metres (m), of which 10 holes totalling 1,265 m were drilled on the Arch Target at the Nickel Shäw Project. The drilling at Arch was successful in extending massive to disseminated Ni-Cu sulphide mineralization at depth and along strike from holes drilled in 2021. See Figure 1 for a general plan map of the areas. Eight (8) holes were drilled on the Wellgreen deposit (1,710 m) to convert inferred mineral resources to indicated mineral resources and to collect additional geotechnical and hydrogeological data. The 1,710 metres of drilling at Wellgreen was carried out to support the completion of a Prefeasibility Study (PFS) which is expected to be completed by July 2023. “We have demonstrated the continuity of sulphide mineralization at the Arch Target including its significant Nickel, Copper, Precious Metals and Sulphur grades. This target occurs at shallow depths and is currently being assessed to determine if a maiden inferred resource can be outlined here.” said Stuart Harshaw, President and CEO of Nickel Creek Platinum. “The PFS will not include the Arch Target when produced in Q3 this year but we are excited by the opportunity for additional higher-grade mineralization at our Nickel Shäw property.
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