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Nickel North Invites Shareholders and Investment Community to Visit Company at Booth 2919 at PDAC 2022 in Toronto, June 13-15, 2022
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2022) - Nickel North Exploration Corp....
About this update from Nickel North Exploration Corp.
[{"type":"text","content":"Nickel North Invites Shareholders and Investment Community to Visit Company at Booth 2919 at PDAC 2022 in Toronto, June 13-15, 2022Vancouver, British Columbia--(Newsfile Corp. - June 11, 2022) - Nickel North Exploration Corp. (TSXV: NNX) (the \"Company\" or \"Nickel North\") invites shareholders and stakeholders to visit them at Booth #2919 at The Prospectors & Developers Association of Canada Convention (PDAC) at the Metro Toronto Convention Centre (MTCC) on Monday June 13 to Wednesday June 15, 2022.Mineral Resources Update at Hawk Ridge Ni-Cu-PGE ProjectNNX is currently working with consultants P&E in updating its previous March 2014 NI 43-101 Mineral Resource Estimate for three deposits (Hopes Advance, Gamma and Falco 7) on the Hawk Ridge project. The Pit Constrained Inferred Mineral Resources at a US$25/tonne net smelter return (\"NSR\") cut-off were estimated at 19,636,000 tonnes at average grades of 0.58% Cu, 0.22% Ni, 0.01% Co, 0.05 g/t Pt, 0.21 g/t Pd and 0.11 g/t Au. Metal prices for the 2014 estimate were US$3.67/lb Cu, US$8.51/lb Ni, US$1,596/oz Pt, US$702/oz Pd, US$1,554/oz Au and US$15/lb Co based on a three-year trailing average as of November 30, 2013.Since this initial Mineral Resource Estimate in 2014, all major metal prices, especially Nickel, Palladium and Cobalt, have increased by 100-300%. For example, average Nickel prices in 2014 was $7.63/lb Ni ($16,893/tonne USD), $810/oz Pd Palladium, and $6.81/lb Co Cobalt ($15,000/tonne USD). Comparatively, the prices of Nickel, Palladium and Cobalt on May 3, 2022 on LME were up to US$14.71/lb Ni, US$2,250/oz Pd and US$36.97/lb Co. Since this initial Mineral Resource Estimate in 2014n, Nickel North has intercepted a 7.01m high-grade massive nickel sulfide mineralized zone grading 2.11% Ni, 2.73% Cu and 0.62 g/t PGE from Hole RH-2014-50 at the Gamma Zone. This hole was drilled after the initial Mineral Resource Estimate and now will be integrated into the updated Mineral Resource Estimate. NNX will also study the potential high-grade underground minable zones in the new mineralization modelling. NNX expect to have the updated NI43-101 Technical Report after PDAC and encourages shareholders and investors to visit and discuss with management at PDAC 2022 our future exploration program and development plans.Qualified PersonThe technical information in this news re...