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Flying Nickel Reports Multiple Platinum and Palladium Intersections of Up to 9.4g/t From Historic Minago Drill Holes: Further PGM Assays Pending from 97 Drill Holes (7,061 Meters of Sections)
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2023) -   Flying Nickel Mining Co...
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[{"type":"text","content":"Flying Nickel Reports Multiple Platinum and Palladium Intersections of Up to 9.4g/t From Historic Minago Drill Holes: Further PGM Assays Pending from 97 Drill Holes (7,061 Meters of Sections)Vancouver, British Columbia--(Newsfile Corp. - January 16, 2023) -  Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) (\"Flying Nickel\" or the \"Company\") announces it has engaged SGS Canada and started assaying platinum, palladium, and gold from 97 past drill holes (totaling 7,061 meters in drilling) from the Company's 100% owned Minago Nickel Platinum-Group-Metals project (the \"Minago Project\"). Rolling assay results will start becoming available in early March. This platinum-group-metals (\"PGM\") assay program is scheduled to complete in June 2023, potentially leading to a maiden Minago PGM resource.The Minago Project is located in Canada's Thompson Nickel Belt and currently has a NI 43-101 compliant open-pit optimized and underground, Measured and Indicated resource of 44.2 million tonnes grading 0.74% Ni (722 million lbs contained nickel) and Inferred resource of 19.6 million tonnes grading 0.74% Ni (319 million lbs contained nickel). The resource split is approximately 78% Nose deposit and 22% North Limb deposit at Minago. This technical report, completed by Mercator and AGP, has an effective date of February 28, 2022, and is available under the Company's profile on SEDAR.There has been cumulative 90,783 meters of drilling at the Minago Project by 6 operators since 1966. Additionally, Flying Nickel drilled 2,718 meters in 2022 since acquiring the Minago Project in February 2021. Upon detailed review of Minago Project data set, the Company noted:118 of 150 boreholes (79%) that intersected the proposed Nose deposit pit shell are missing PGM assays. Prior operators may have only been interested in nickel due to the low value of PGM at the time. Across the entire Minago Project, only 52 boreholes contain PGM analysis.There is a close correlation between PGM grades and total nickel grades with R-squared (Pd) = 0.8296, and R-squared (Pt) = 0.7422. Notable PGM results from representative Minago Project's Nose and North Limb deposit sections are tabulated below:PGM Assays From Drill Holes By Flying Nickel in 2022Hole IDFromToWidth (m)Ni %Cu %Au g/tPt g/tPd g/t Au+Pt+Pd g/tNiEqLocationFN-22-001296365.669.601.1...