04/14/2021 | Press release | Distributed by Public on 04/14/2021 05:50
April 14, 2021: Vancouver, BC, Canada; Nickel Rock Resources Inc. (the 'Company') TSX-V: NICL, OTCQB: NICKLF 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
History
About the Hard Nickel Group
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.