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Nevada Energy Metals Enters into Option Agreement to Acquire a 100% Interest in Nickel Project in BC
October 20, 2020 - TheNewswire - Vancouver, BC - Nevada Energy Metals Inc. (the "Company") (TSXV:BFF) (OTC:SSMLF) (Frankfurt:A2AFBV) is pleased to announce that
About this update from Grid Battery Metals Inc
[{"type":"text","content":"October 20, 2020 - TheNewswire - Vancouver, BC - Nevada Energy Metals Inc. (the \"Company\") (TSXV:BFF) (OTC:SSMLF) (Frankfurt:A2AFBV) is pleased to announce that it has entered into an option agreement dated October 15, 2020 (the \"Agreement\"), whereby the Company may earn an undivided 100% interest in the Klone Group of mineral claims (1,400 ha) adjoining the property of FPX Nickel Corp (TSXV:FPX) located 100km northwest of Fort St. James BC in the Omineca Mining division. The optionor is Ursula Mowat P. Geo who has owned the property since 1987. Ms. Mowat is a recipient of the H.H \"Spud\" Huestis Award (2015), along with Peter Bradshaw and Ron Britten of FPX Nickel Corp, \"for excellence in prospecting and mineral exploration in recognition of their efforts in identifying and commencing development of a new type of nickel deposit exemplified by the Decar project\". Decar hosts the PEA-stage Baptiste deposit, a discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite that is ideally suited for both stainless steel and battery metal applications. The Klone Group of mineral claims is underlain mainly by ultramafic rocks of the Mount Sidney Williams massif, which consist of serpentinized peridotite and hartzburgite, with pods of dunite and Cache Creek Complex andesitic volcanics and argillaceous schist. Metallic mineralization hosted within ultramafic rocks on the Klone Group include Nickel, Cobalt and Chromium. At least some of the nickel mineralization occurs as awaruite and as low-sulphur minerals including heazlewoodite and bravoite. Nickel-cobalt mineralization is generally very fine-grained and disseminated. Chromite is generally low grade and disseminated, but occasionally occurs in small, high grade pods. Locally, listwanite alteration zones host quartz veins with Gold, Arsenic and Antimony mineralization. Systematic, ground-based exploration work began in the area of the Klone Group under the direction of Ms. Mowat in 1987, continuing intermittently until 2012. Ms. Mowat has retained all original maps and file data from this 25-year period. The area of the Klone Group was included in Geoscience BC's QUEST-West project, including multiparameter geophysical surveys, regional stream sediment re-analyses and data compilations between 2008 and 2009. This modern exploration fr...