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Core Nickel Announces Completion of Airborne Geophysical Surveys at Halfway Lake and Resting Lake Projects in the Central Thompson Nickel Belt, Manitoba

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Core Nickel Corp. (CSE: CNCO) has completed helicopter-borne geophysical surveys on its Halfway Lake and Resting Lake projects in Manitoba's Thompson Nickel Belt. The surveys, conducted by Geotech , covered 1,307 line-km and utilized Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer technologies.

The projects, located near Wabowden, have shown significant nickel intersections in historical drilling. They benefit from nearby infrastructure including Highway 6, rail, and hydroelectric transmission. Core Nickel's VP Exploration, Caitlin Glew, expressed excitement about integrating the high-resolution data into their exploration model.

Additionally, Core Nickel received a Mineral Exploration Work Permit for the Resting Lake project, valid until April 2025. The company also announced an advertising contract with TAStocks.com for social media engagement services.

Core Nickel Corp. (CSE: CNCO) ha completato indagini geofisiche aeree sui suoi progetti Halfway Lake e Resting Lake nella Thompson Nickel Belt del Manitoba. Le indagini, condotte da Geotech, hanno coperto 1.307 km di linee e utilizzato tecnologie di Elettromagnetismo a Dominio di Tempo Versatile (VTEM) e gradimetri magnetici orizzontali.

I progetti, situati vicino a Wabowden, hanno mostrato significative intersezioni di nichel in perforazioni storiche. Beneficiano di un'infrastruttura nelle vicinanze, tra cui l'autostrada 6, le ferrovie e la trasmissione idroelettrica. Caitlin Glew, VP Esplorazione di Core Nickel, ha espresso entusiasmo per l'integrazione dei dati ad alta risoluzione nel loro modello di esplorazione.

Inoltre, Core Nickel ha ricevuto un Permesso di Lavoro per Esplorazione Mineraria per il progetto Resting Lake, valido fino ad aprile 2025. L'azienda ha anche annunciato un contratto pubblicitario con TAStocks.com per servizi di coinvolgimento sui social media.

Core Nickel Corp. (CSE: CNCO) ha completado levantamientos geofísicos aéreos en sus proyectos Halfway Lake y Resting Lake en el Cinturón de Níquel de Thompson en Manitoba. Los levantamientos, realizados por Geotech, cubrieron 1.307 km de líneas y utilizaron tecnologías de Electromagnetismo de Dominio de Tiempo Versátil (VTEM) y gradiómetros magnéticos horizontales.

Los proyectos, ubicados cerca de Wabowden, han mostrado intersecciones significativas de níquel en perforaciones históricas. Se benefician de la infraestructura cercana, que incluye la Autopista 6, ferrocarriles y transmisión hidroeléctrica. Caitlin Glew, VP de Exploración de Core Nickel, expresó entusiasmo por integrar los datos de alta resolución en su modelo de exploración.

Además, Core Nickel recibió un Permiso para Trabajos de Exploración Mineral para el proyecto Resting Lake, válido hasta abril de 2025. La empresa también anunció un contrato publicitario con TAStocks.com para servicios de participación en redes sociales.

Core Nickel Corp. (CSE: CNCO)는 매니토바의 톰슨 니켈대에 있는 Halfway Lake 및 Resting Lake 프로젝트에 대한 헬리콥터 기반의 지구물리학적 조사를 완료했습니다. 이 조사는 Geotech에 의해 수행되었으며, 1,307라인-km를 커버하고 다목적 시간 영역 전자기(VTEM) 및 수평 자기 기울기계 기술을 사용했습니다.

Wabowden 근처에 위치한 이 프로젝트는 과거 탐사의 니켈 교차점이 두드러진 것으로 나타났습니다. 6번 국도, 철도 및 수력 전송을 포함한 인근 인프라의 이점을 누리고 있습니다. Core Nickel의 탐사 부사장인 Caitlin Glew는 고해상도 데이터를 탐사 모델에 통합하게 되어 기쁘다고 전했습니다.

또한 Core Nickel은 Resting Lake 프로젝트에 대해 2025년 4월까지 유효한 광물 탐사 작업 허가를 받았습니다. 이 회사는 또한 TAStocks.com과 소셜 미디어 참여 서비스를 위한 광고 계약을 체결했다고 발표했습니다.

Core Nickel Corp. (CSE: CNCO) a achevé des enquêtes géophysiques par hélicoptère sur ses projets Halfway Lake et Resting Lake dans la ceinture de nickel de Thompson au Manitoba. Les enquêtes, réalisées par Geotech, ont couvert 1 307 km de lignes et ont utilisé des technologies d'Électromagnétisme à Domaine de Temps Polyvalent (VTEM) et des gradiomètres magnétiques horizontaux.

Les projets, situés près de Wabowden, ont montré des intersections de nickel significatives lors de forages historiques. Ils bénéficient d'une infrastructure à proximité, notamment la route 6, le chemin de fer et la transmission hydroélectrique. Caitlin Glew, VP Exploration de Core Nickel, a exprimé son enthousiasme à intégrer les données haute résolution dans leur modèle d'exploration.

De plus, Core Nickel a reçu un Permis de Travail pour l'Exploration Minière pour le projet Resting Lake, valable jusqu'en avril 2025. L'entreprise a également annoncé un contrat publicitaire avec TAStocks.com pour des services d'engagement sur les réseaux sociaux.

Core Nickel Corp. (CSE: CNCO) hat luftgestützte geophysikalische Untersuchungen für die Projekte Halfway Lake und Resting Lake im Thompson Nickel Belt in Manitoba abgeschlossen. Die Untersuchungen, die von Geotech durchgeführt wurden, umfassten 1.307 Linien-km und verwendeten Technologien der vielseitigen Zeitbereichs-Elektromagnetik (VTEM) sowie horizontale magnetische Gradientenmessgeräte.

Die Projekte, die in der Nähe von Wabowden liegen, haben signifikante Nickel-Intersektionen in historischen Bohrungen gezeigt. Sie profitieren von der nahen Infrastruktur, einschließlich der Highway 6, Bahnen und der Wasserkraftübertragung. Caitlin Glew, VP Exploration bei Core Nickel, äußerte sich begeistert über die Integration der hochauflösenden Daten in ihr Erkundungsmodell.

Zusätzlich erhielt Core Nickel eine Mineralexplorationsarbeitserlaubnis für das Projekt Resting Lake, die bis April 2025 gültig ist. Das Unternehmen kündigte zudem einen Werbevertrag mit TAStocks.com für Dienstleistungen zur Social-Media-Beteiligung an.

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Saskatoon, Saskatchewan--(Newsfile Corp. - July 24, 2024) - Core Nickel Corp. (CSE: CNCO) ("Core Nickel" or the "Company") is pleased to announce Geotech Ltd. has completed helicopter-borne Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer geophysical surveys on the Company's 100%-owned Halfway Lake and Resting Lake projects (the "Projects") (Figure 1). The surveys totalled 1,307 line-km between Halfway Lake (808 line-km) and Resting Lake (499 line-km) projects. The Projects are situated in the central region of the Thompson Nickel Belt in Northern Manitoba, approximately 20 km from the town of Wabowden. The Projects feature significant nickel intersections based on historical drilling and are strategically positioned along an established trend with several nickel deposits and showings. Additionally, the area benefits from surrounding infrastructure including Provincial Highway 6, the HBR (Omnitrax) Rail Line and a major hydroelectric transmission line along Highway 6.

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Figure 1 - Halfway Lake and Resting Lake Project Location

To view an enhanced version of this graphic, please visit:
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Caitlin Glew, VP Exploration of Core Nickel, commented, "The Core Nickel team would like to express our gratitude to Geotech Ltd. for their exceptional work in completing the airborne geophysical surveys on the Halfway Lake and Resting Lake projects. Our exploration team is currently working diligently to integrate the high-resolution geophysical data into the exploration model. The Halfway Lake and Resting Lake projects have extensive exploration potential and are now both fully permitted for mineral exploration work (ground geophysics and diamond drilling) for over a year. We are thrilled to have the opportunity to drill test high-priority targets from the geophysical surveys on both projects, getting us one step closer to a discovery."

Other Business:

Core Nickel is pleased to announce the receipt of a Mineral Exploration Work Permit for the 100%-owned Resting Lake project in the central TNB. The exploration work permit encompasses ground geophysical surveying and diamond drilling until April 2025.

The Company also announces that it has entered into an advertising contract with TAStocks.com ("TA") under which TA will provide publishing/advertising services including social media engagement through X (formerly Twitter), Facebook, YouTube and Reddit. The initial term of the agreement is for 120 days, starting on July 25, 2024, and may be renewed with the mutual written agreement of TA and the Company. During the initial term, TA's parent Arrow Park Capital Corp. will be paid $12,000 + taxes for the services to be provided. TA can be reached by email or phone: tastockscom@gmail.com, +1-647-544-7207.

About Core Nickel

Core Nickel Corp. is a junior nickel exploration company that controls 100% of five properties in the prolific nickel district, the Thompson Nickel Belt (TNB) in Northern Manitoba, Canada. The five properties consist of approximately 27,000 hectares of land that is proximal to existing infrastructure, such as highways and operating mills.

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Map: Core Nickel's Thompson Nickel Belt Properties

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10145/217535_f9294bbd04eb68c3_002full.jpg

Core Nickel has a large contiguous land package in the northern part of the TNB, situated approximately 16-20 km from the City of Thompson. Core Nickel's northern TNB projects consist of three properties: Mel, Hunter, and Odei River. The Mel property encompasses the Mel deposit, which is characterized by a historical NI-43-101 resource estimate with an indicated resource of 4.3 million tonnes at 0.875% nickel, equating to 82.5 million lbs contained nickel, and a historical inferred resource estimate of 1.0 million tonnes at 0.839% nickel, equating to 18.7 million pounds of contained nickel1. The target stratigraphy (Pipe Formation) that hosts the Mel deposit, and other deposits in the Thompson Nickel Belt, extend onto the Hunter and Odei River properties and drillhole intersections into the target stratigraphy on the Hunter project have successfully intersected elevated nickel.

The Company also holds two properties in the central TNB near Wabowden: Halfway Lake and Resting Lake. Both properties host the target Pipe Formation associated with known elevated nickel mineralization and are proximal to existing nickel deposits, mills, and other infrastructure.

The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Caitlin Glew, P. Geo., Vice-President Exploration for Core Nickel Corp., who has reviewed and approved its contents.

References

1 "Technical Report on the Mel Deposit, Northern Manitoba" prepared for Victory Nickel Inc, Shane Naccashian (P. Geo.) of Wardrop Engineering Inc., March 9, 2007

Technical Disclosure

The historical results contained within this news release have been captured from Manitoba Integrated Mining and Quarrying System ("iMaQs") as available and may be incomplete or subject to minor location inaccuracies. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a Qualified Person but form a basis for ongoing work on the subject properties.

On behalf of the Board of Directors
"Misty Urbatsch"
Misty Urbatsch
CEO, President and Director
Core Nickel Corp.

Contacts:

Misty Urbatsch, CEO and PresidentGeneral Enquiry
Tel: 306-668-6927Tel: 306-668-6927
Email: murbatsch@corenickel.comEmail: info@corenickel.com

 

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217535

FAQ

What geophysical surveys did Core Nickel (CNCOF) complete on its Manitoba projects?

Core Nickel completed helicopter-borne Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer geophysical surveys on its Halfway Lake and Resting Lake projects, totaling 1,307 line-km.

Where are Core Nickel's (CNCOF) Halfway Lake and Resting Lake projects located?

The projects are located in the central region of the Thompson Nickel Belt in Northern Manitoba, approximately 20 km from the town of Wabowden.

What infrastructure is available near Core Nickel's (CNCOF) Manitoba projects?

The projects benefit from nearby infrastructure including Provincial Highway 6, the HBR (Omnitrax) Rail Line, and a major hydroelectric transmission line along Highway 6.

What new permit did Core Nickel (CNCOF) receive for its Resting Lake project?

Core Nickel received a Mineral Exploration Work Permit for the Resting Lake project, which allows for ground geophysical surveying and diamond drilling until April 2025.

What advertising agreement did Core Nickel (CNCOF) enter into in July 2024?

Core Nickel entered into a 120-day advertising contract with TAStocks.com for publishing/advertising services, including social media engagement on platforms like X, Facebook, YouTube, and Reddit.

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