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Class 1 Nickel Updates Resource Estimate on Dundonald North Nickel Sulphide Deposit – New Insights Into Significant Tonnage and Grade
TORONTO, March 27, 2025 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce an updated mineral resource estimate (the “MRE”) for the Dundonald North Nickel Sulphide Deposit (the “D-N Deposit”) (Table 1 and Table 2). The D-N Deposit is one of 4 nickel sulphide deposits within the sizeable Alexo-Dundonald Nickel Sulphide Project (the “Project” or “A-D Project”) (Figure 1), covering about 3,093 hectares (30.9
About this update from Class 1 Nickel & Technologies Ltd.
[{"type":"image","alt":"Class 1 Nickel and Technologies Limited","displaySize":"","headline":null,"caption":"Class 1 Nickel and Technologies Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":254,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/a01d6708d32a438d7911aa1e37c1fecc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0TZtQnUK8pR.pqlanQAcUg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQ5NjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a01d6708d32a438d7911aa1e37c1fecc","width":254,"height":300}},"lazy":false},{"type":"text","content":"TORONTO, March 27, 2025 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce an updated mineral resource estimate (the “MRE”) for the Dundonald North Nickel Sulphide Deposit (the “D-N Deposit”) (Table 1 and Table 2). The D-N Deposit is one of 4 nickel sulphide deposits within the sizeable Alexo-Dundonald Nickel Sulphide Project (the “Project” or “A-D Project”) (Figure 1), covering about 3,093 hectares (30.93 km2) and located about 45 km northeast of the mining centre and City of Timmins, Ontario. Over the past two years, the Company has focused on a comprehensive effort to refine the Project’s mineral resource base, underscoring Class 1 Nickel’s commitment to build a robust portfolio of nickel sulphide resources in one of Canada’s premier mining districts (Class 1 news release 4 December 2024).","length":915,"tagName":"p"},{"type":"text","content":"Highlights from the Dundonald North Nickel Sulphide Deposit:","length":60,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Fully interpreted and robust 3D geological model forms the basis of the updated mineral resource estimate.","length":106,"tagName":"p"}]},{"val":[{"type":"text","content":"Out-of-Pit* Inferred Resources of 2.5 Mt at 0.75% Ni, 0.03% Cu, 0.02% Co (Table 1 and Table 2).","length":95,"tagName":"p"}]},{"val":[{"type":"text","content":"Represents a 31.4% increase in total tonnes with 3.5% increase in contained nickel (42 M lbs Ni), 74% increase in contained copper (2.6 M lbs Cu), and 40% increase in contained cobalt (1.2 M lbs Co).","length":199,"tagName":"p"}]},{"val":[{"type":"text","content":"Total 1.0% Ni Mineral Resources within the 4 A-D nickel deposits, using various %Ni c...