Nickel Rock Completes Expansion of the Nickel 100 Claim Group Near the Decar Nickel District of FPX Nickel Corp.

Rhea-AI Summary

Nickel Rock Resources Inc. has expanded its Nickel 100 Claim Group, located in the Mitchell Range, British Columbia, which now covers numerous prospective nickel and chromium showings across 31 km. The claim group is adjacent to FPX Nickel's Klow Project, known for its mineralization. The company's exploration efforts will focus on trenching and drilling, with a proposed camp to support these activities. Nickel Rock is also exploring lithium in Nevada, near Albemarle’s production operations.

Positive

• Expansion of the Nickel 100 Claim Group enhances prospective mineral exploration.
• The claim group is adjacent to known mineralization at FPX Nickel's Klow Project, suggesting potential for similar discoveries.
• Proposed exploration program includes various advanced techniques like drilling and trenching.

Negative

• None.

VANCOUVER, BC, April 14, 2021 /PRNewswire/ -- Nickel Rock Resources Inc. (the "Company") (TSX-V: NICL) (OTCQB: NIKLF) is pleased to announce that a recent staking program has increased the size of the Nickel 100 Claim Group situated in the Mitchell Range, approximately 130 km northwest of Fort St. James in Central British Columbia. The claim group is underlain by silicified and serpentinized ultramafics, a similar package of rocks as the Decar Deposit, and include numerous prospective nickel and chromium showings occurring over a linear distance of 31 km. 

This enlarged land package is, in part, contiguous with FPX Nickel's (TSXV: FPX) Klow Project where mineralization consists of a central coarse-grained nickel-iron alloy (awaruite) target that is enveloped by a halo of finer-grained mineralization. The coarse-grained target measured 1,000 metres long. In 2012, FPX reported that work on the Klow Project included a ground-based magnetic geophysical survey, the results of which were used to assist in locating drill holes as part of an initial phase of exploration drilling.

Forestry roads and helicopters provide primary access to the property. A BC Rail Line is located approximately 12 km to the south.

About the Nickel 100 Group

Mineral Occurrences

• The claims of the Nickel 100 Group (part of the "Nickel Project") cover 18 of 18 BC MINFILE chromite occurrences, some of which are reported to be mineralized with nickel, platinum/palladium group and other rare, highly valuable elements.

History

• Nickel-cobalt mineralization has not been well-explored, but the presence of awaruite has been documented. Geologist, Ms. Ursula Mowat completed a preliminary field work program over the area of the Nickel 100 claim group in 2004, and confirmed the presence of elevated nickel, cobalt and chromium values in rocks and stream sediments. Ms. Mowat is the recipient of the 2015 H.H. "Spud" Huestis Award for Excellence in Prospecting and Mineral Exploration granted by the Association of Mineral Exploration in British Columbia ("AME BC").  AME BC is both a large and successful industry association representing the mineral exploration industry in British Columbia.

About the Hard Nickel Group

• The Hard Nickel Group (part of the "Nickel 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 Takla Lake area of central British Columbia, partially adjacent to FPX Nickel Corp.'s Decar Nickel Project.
• The Decar Nickel Project is an advanced project targeting awaruite, a nickel-iron alloy mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit within the Permian to Triassic age Cache Creek Complex.
• All the claim groups of the Nickel Project are partially underlain by variably serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit. Metallic mineralization discovered to date on the project includes nickel, cobalt, and chromium, and some of the nickel mineralization occurs as the nickel-iron alloy awaruite, and as sulphide minerals including heazlewoodite, bravoite and siegenite.
• The principal target on the project is nickel occurring as awaruite, but at the exploration stage all other styles of mineralization should 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 Nickel 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.
• R. 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.

Proposed 2021 Exploration Program

A 2021 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 exploration support and the camp will be used to accommodate field personnel and is accessible by helicopter.

Nickel Rock's Lithium Project

Clayton Valley Project, Silver Peak, Nevada

The Company is exploring for lithium clays and brines within its project area of 118 claims covering over 930 hectares (2,300 acres). The property stretches in a northwest direction from the evaporation ponds of Albemarle Corporation (NYSE: ALB). It has been widely reported that Albemarle is planning to double its lithium production by 2025 by committing between US$30 million and US$50 million in additional investment on the property. In 2021, Albemarle plans to commence exploration of clay and evaluate technology that could accelerate the viability of lithium production from clay resources in the region. 

Qualified Person

Jacques Houle, P.Eng., a qualified person as defined by NI43 - 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. 

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.  (http://www.nickelrockresources.com/)

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.

FAQ

What is Nickel Rock Resources Inc. known for?

Nickel Rock Resources Inc. focuses on exploring nickel-iron alloy and lithium for the electric vehicle market.

Where is the Nickel 100 Claim Group located?

The Nickel 100 Claim Group is situated in the Mitchell Range, approximately 130 km northwest of Fort St. James, BC.

What are the key features of Nickel Rock's exploration program?

The exploration program includes trenching, diamond drilling, and geological mapping to support mineral exploration.

How does Nickel Rock's project relate to FPX Nickel's Klow Project?

Nickel Rock's Nickel 100 Claim Group is contiguous with FPX Nickel's Klow Project, which has documented mineralization.

What is the significance of awaruite in Nickel Rock's exploration?

Awaruite, a nickel-iron alloy, is the principal target in Nickel Rock's exploration for high-value battery metals.