Nickel Rock Resources Inc. announces a significant nickel discovery from its maiden drilling program at the Van Target near FPX Nickel Corp.'s Baptiste Deposit in the Decar Nickel District, as confirmed on October 19, 2021. The initial exploration program indicates promising nickel mineralization in the area, with particular interest in awaruite, a nickel-iron alloy crucial for electric vehicle batteries. The company plans a $600,000 work program for 2021 focusing on trenching, drilling, and camp construction, aimed at supporting further exploration efforts.
Nickel Rock Resources Inc. announced the completion of the initial exploration phase for its Nickel Project in British Columbia. The project involves four mineral claims, with promising results reported from the Hard Nickel claim group. Notably, high nickel readings were recorded, including 4% Ni in the Nickel S block. The exploration included 405 soil and 149 rock samples in the Nickel West block, with further work planned. The company has $1.4 million to fund its 2021 work program, which will encompass trenching, drilling, and other geological activities.
Nickel Rock Resources Inc. announced a $600,000 exploration program awarded to Hardline Exploration for its Nickel Project in British Columbia. The project targets nickel mineralization, particularly awaruite, and involves trenching, diamond drilling, and geological mapping. The project is adjacent to FPX Nickel Corp.'s Decar Nickel Project. Additionally, Nickel Rock is exploring lithium in Nevada. The work program aims to enhance exploration efficiency and is supported by local partnerships.
Nickel Rock Resources Inc. (NICKLF) announced the filing of a Notice of Work application for a multi-year area-based work permit for its Nickel Project in British Columbia. The company controls a 100% interest in over 13,704 hectares near the Decar Nickel Project. Proposed activities include trenching, drilling, and geological mapping. The project aims to exploit nickel mineralization, particularly awaruite, beneficial for battery production. Additionally, Nickel Rock is exploring lithium in Nevada to meet increasing demand in the EV market, with promising recovery rates for lithium extraction.
Nickel Rock Resources Inc. (OTCQB: NICKLF) has signed an Option Agreement with 802213 AB Ltd for a 100% interest in 6 mineral claims near Fort St James, BC, increasing its total land position to 4,146 hectares. The area is geologically similar to the Decar nickel deposit and shows potential for nickel, cobalt, and chromium mineralization. The agreement involves a series of cash payments totaling $1,075,000 over four years, alongside a 2% NSR royalty payable upon commercial production. Field work is planned for 2021 to explore the claims further.