NICKEL CREEK PLATINUM PROVIDES UPDATE ON EXPLORATION PROGRAM
Nickel Creek Platinum Corp. has successfully completed its 2022 drilling and geophysics program at the Nickel Shäw Project in Canada's Yukon Territory, totaling approximately 3,300 meters. This program included 2,000 meters of drilling for the Prefeasibility Study at the Wellgreen deposit, aiming to convert inferred resources to indicated resources and gather critical data. An additional 1,300 meters of drilling was conducted at the Arch exploration target. Assay results are expected in Q1 2023, with the Company focused on enhancing shareholder value through strategic opportunities.
- Completion of 3,300 meters of drilling in the 2022 program.
- Focus on converting inferred mineral resources to indicated resources.
- Strategic location of the Nickel Shäw Project offering exceptional access to infrastructure.
- Assay results are pending, creating uncertainty regarding the program's success.
TORONTO, Nov. 3, 2022 /PRNewswire/ - Nickel Creek Platinum Corp. (TSX: NCP) ("Nickel Creek" or the "Company") is pleased to announce the completion of its 2022 drilling and geophysics program at its Nickel Shäw Project in Canada's Yukon Territory with a total drilling of approximately 3,300 metres. The program included eight (8) holes with a total of approximately 2,000 metres of Prefeasibility Study ("PFS") drilling at the Wellgreen deposit which included drilling to support conversion of inferred mineral resources to indicated mineral resources and the collection of additional geotechnical and hydrogeological data including the characterization of the proposed waste dump and tailings sites. Further, the Company drilled 10 holes with a total of approximately 1,300 metres at the Arch exploration target with the objective to further define the extent of the mineralization discovered in 2021.
Samples have been delivered to the assay laboratory. The results, including analytical results of the full field drill program, are expected to be completed and released during the first quarter of 2023.
The scientific and technical information disclosed in this news release was reviewed and approved by Cam Bell, an independent geologist on a consulting retainer contract with the Company, and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Nickel Creek Platinum Corp. (TSX: NCP) (OTCQB: NCPCF) is a Canadian mining exploration and development company and its flagship asset is its
The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.
This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "believe", "continue", "plans" or similar terminology, or negative connotations thereof. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the Company's 2022 drilling and geophysics program, the timing of results, and general future plans and objectives for the Company and the Nickel Shäw Project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information.
For more information on the Company and the key assumptions, risks and challenges with respect to the forward-looking information discussed herein, and about our business in general, investors should review the Company's most recently filed annual information form, and other continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Nickel Creek Platinum Corp.
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