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Nickel North Announces Significant Mineral Resource Update at Hawk Ridge Nickel-Copper-Cobalt-PGE Project, Resources Increase 76.6% to 34.66 Mt Nickel 0.22% Copper 0.56% and more
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2022) - Nickel North Exploration Corp. ...
About this update from Nickel North Exploration Corp.
[{"type":"text","content":"Nickel North Announces Significant Mineral Resource Update at Hawk Ridge Nickel-Copper-Cobalt-PGE Project, Resources Increase 76.6% to 34.66 Mt Nickel 0.22% Copper 0.56% and moreVancouver, British Columbia--(Newsfile Corp. - July 5, 2022) - Nickel North Exploration Corp. (TSXV: NNX) (\" Nickel North\" or the \"Company\") today announced an updated Mineral Resource Estimate (\"MRE\") for its 100% owned Hawk Ridge Nickel-Nickel-Cobalt-PGE Sulphide Project (\"Hawk Ridge\") in Northern Québec. The NI-43-101 Inferred MRE increased by 76.6% to 34.66 Mt from 19.63 Mt and includes an update on its previously reported Hope Advance Main (\"HAM\") Zone and Hope Advance North (\"HAN\"), Gamma and Falco 7 Deposits. Highlights: Total Inferred Mineral Resources for four mineralized deposits (Hope Advance Main (HAM), Hope Advance North (HAN), Gamma and Falco 7) increase by 76.6% to 34.66 Mt at 0.22%, 0.56% Cu, 0.013% Co, 0.19  g/t Pd, 0.05 g/t Pt and 0.025 g/t Au (Table 1), which includes:Total Pit-Constrained Inferred Mineral Resources at a CDN$35/t NSR cut-off increase by 50% to 29.44 Mt at 0.20% Ni, 0.52% Cu, 0.012% Co, 0.19 g/t Pd, 0.04 g/t Pt and 0.021 g/t Au, which equates to 0.56% NiEq. Total Out-Of-Pit (Underground) Inferred Mineral Resources at a CDN$100/t NSR cut-off are estimated at 5.22 Mt at average grades of 0.35% Ni, 0.79% Cu, 0.014% Co, 0.23 g/t Pd, 0.06 g/t Pt, and 0.04 g/t Au, which equates to 0.88% NiEq.The higher-grade \"Raglan Type\" sulphide mineralization exists in all four reported nickel-copper sulphide deposits and all of them remain open along strike and down-dip (Figure 2-4); Hawk Ridge has a similar rock age/type and is part of the same Circum-Superior nickel belt, and lastly same occurrences of Ni-Cu & PGE metals found (Figure 1). Figure 1To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/1698/129949_1af65cf22498483f_001full.jpgFigure 1, Comparison Diagram of Glencore's Raglan project and NNX's Hawk Ridge ProjectSignificant exploration potential remains with approximately 50% of the Hawk Ridge mineralized structure and mineral occurrences being undrilled or untested and will soon be actively explored (Figure 5). Tony Guo, President and CEO of Nickel North commented, \"This Mineral Resource update delivers on both of its key objectives - better definition and in...