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Flying Nickel Announces 405,020 oz of M&I Inaugural Platinum and Palladium Mineral Resource; 41.95% Increase of In-Pit M&I Nickel Resource at the Minago Nickel PGM Project
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Flying Nickel Mining Corp. (TSX...
About this update from Cleantech Vanadium Mining Corp
[{"type":"text","content":"Flying Nickel Announces 405,020 oz of M&I Inaugural Platinum and Palladium Mineral Resource; 41.95% Increase of In-Pit M&I Nickel Resource at the Minago Nickel PGM ProjectVancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (\"Flying Nickel\" or the \"Company\") announces the results of an updated Mineral Resource Estimate (\"MRE\") prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (\"MRMR\") (2014) and CIM MRMR Best Practice Guidelines (2019) for its 100% owned Minago nickel platinum group metals (\"PGM\") project (\"Minago Project\") in Manitoba's Thompson Nickel Belt in Canada.The Minago Project MRE, effective date March 18th 2024, was prepared by Mercator Geological Services Limited (\"Mercator\") and includes a total Measured and Indicated (\"M&I\") Mineral Resource of 125,700 oz of platinum (\"Pt\"), 279,330 oz of palladium (\"Pd\"), and 689.53 million pounds of nickel (\"Ni\") (43.44 million tonnes grading 0.20 grams per tonne (\"g/t\") Pd, 0.09 g/t Pt, 0.72% Ni). Table 1 presents the updated Minago Project MRE.Table 1: Minago Project Mineral Resource Estimate - Effective Date: March 18, 2024TypeNi % Cut-offCategoryTonnes (millions)Ni %NiS %Pd g/tPt g/tIn-Pit0.29Measured11.530.740.530.210.09Indicated24.440.630.430.160.07Measured and Indicated35.970.670.460.180.08Inferred3.140.660.350.140.06Underground0.75Measured0.390.970.750.280.12Indicated7.080.970.750.290.12Measured and Indicated7.470.970.750.290.12Inferred6.050.970.750.180.08Combined0.29/0.75Measured11.920.750.540.220.09Indicated31.520.710.50.190.08Measured and Indicated43.440.720.510.20.09Inferred9.20.860.610.160.07 Mineral Resource Estimate Notes:1.Mineral resources were prepared in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves (\"MRMR\") (2014) and CIM MRMR Best Practice Guidelines (2019). 2. In-Pit Mineral Resources are defined within an optimized pit shell with pit slope angles ranging between 40⁰ and 51⁰ and an overall 14.8:1 strip ratio (waste: mineralized material). 3. An exchange rate of 1.35 CAN$/US$ was applied. All prices are in US$ currency.4. Pit optimization parameters include: metal pricing at $9.20 per pound Ni, $1,035 per ounce of Pt, $1,380 per ounce of Pd; costs for min...