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Nickel North Announces 2022 Exploration Plans at Hawk Ridge Nickel-Copper-PGE Cobalt Project in Quebec, Targets High-Grade up to 2.1% Ni Gamma Zone and Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - Nickel North Exploration Corp....
About this update from Nickel North Exploration Corp.
[{"type":"text","content":"Nickel North Announces 2022 Exploration Plans at Hawk Ridge Nickel-Copper-PGE Cobalt Project in Quebec, Targets High-Grade up to 2.1% Ni Gamma Zone and Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - Nickel North Exploration Corp. (TSXV: NNX) (the \"Company\" or \"Nickel North\") is pleased to announce 2022 exploration plans at its flagship Hawk Ridge Copper-Nickel-PGE-Cobalt project at Ungava Bay, Northern Quebec.The following works has been planned on Hawk Ridge Ni-Cu-PGE-Co project in 2022 depending on the available fund:The proposed works will focus on the high-grade Gamma zone and Hopes Advance North zone, which defined from previous drilling and surface program (Figures 1-3)Process and interpret 2013-2014 collected ground magnetic data by Walkmag-VLF surveys, re-process and interpret airborne mag-EM surveys, including VTEM surveys data;Re-process and interpret the new discovered 7.01 metres high-grade intersection of 2.11% Ni, 2.73% Cu and 0.62 grams PGEs per tonne on Hawk Ridge's Gamma zone (Figure 3) in the 2014 drilling program (https://www.nickelnorthexploration.com/s/news-releases-asp_DateRange_2014/01/01---2014/12/31.html) Field soil sampling, rock channel sampling, geochemistry study and field mapping in the summer of 2022-2023.Air-based gravity survey and ground 3DIP/MT survey;Drilling targets vectoring and potential drill program in the winter of 2022-2023;LIDAR - Orthophoto surveyNon-Brokered Private PlacementThe Company announces a non-brokered private placement (the \"Private Placement\") offering of up to 20,000,000 private placement units (the \"Units\") at $0.05 per Unit for gross proceeds of up to $1,00,000.Each Unit will consist of one common share and one non-transferable share purchase warrant (the \"Warrants\"). Each whole Warrant will entitle the holder to purchase one common share in the Company at $0.075 per share. The Warrants will have an expiry date of two years from the date of issuance.The Warrants shall be callable by the Company should the daily volume-weighted average trading price of the common shares of the Company on the TSX Venture Exchange equal or exceed $0.20 for a period of five (5) consecutive trading days, at any time during the period (i) beginning on the date that is one (1) month from the closing date of the Private Placement, and (ii...