Homeland Nickel Samples 2.2% Nickel at Eight Dollar Mountain, Provides Exploration Update
Homeland Nickel Samples 2.2% Nickel at Eight Dollar Mountain, Provides Exploration Update
Toronto, Ontario – July 17, 2025 – Homeland Nickel Inc. (“Homeland Nickel” or the “Company”)
(TSX-V: SHL, OTC: SRCGF) is pleased to announce recent exploration results from its wholly owned
Eight Dollar Mountain nickel laterite property (“Eight Dollar”), staked by the Company in 2023.
In June 2025, Homeland Nickel visited Eight Dollar and acquired fifty-six (56) surface samples of nickel
laterite using a handheld auger and shovel. The laterite was collected with minimal ground disturbance in
sample bags containing 50-100 grams of material for assaying. All samples were submitted for assaying
and all samples indicate the presence of nickel laterite with assay values ranging from 0.21% Ni to 2.21%
Ni with an average of 0.67% Ni. The assay locations and mining claim outlines are shown in Figure 1 and
2, and the assay values are summarized in Table 1 with UTM locations for each sample.
Figure 1: Plan map of Eight Dollar Mountain showing sample points and assay results for Ni % (coordinates in WGS 84 / UTM Zone 10N).
Commenting on the results, President and CEO Steve Balch is quoted as saying “We are very pleased with
the results of our first sampling program at Eight Dollar. We were expecting an average grade of 0.4-0.5%
Ni which is more typical for surface laterite. In some cases where the nickel assay fell below that level the
assay likely contained a high component of non-laterized soil. The 2.2% Ni by contrast was taken at the
bottom of a shallow historical pit or 4-5 feet into the laterite. We sampled 26 of our 76 mining claims and
plan to return to Eight Dollar this summer with an expanded program to complete our surface sampling and
to estimate the extent of the laterite on our property.”
Figure 2: Map of high-grade Ni % assays at the Eight Dollar Mountain Property.
The Eight Dollar Mountain Property is located 4 km west of the town of Selma, Oregon and is accessible
directly by paved roads at both the north and south edges of the property. Access within the property is
possible by local trails. Exploration at Eight Dollar includes two major efforts, one in the 1950s and later
in the 1970s. Several zones of nickel laterite were identified but no resources were ever published.
Permitting Update
Homeland Nickel also reports it is still waiting for approval on its Plan of Operation for the Red Flat Nickel
Laterite Project located 12 km southeast of Gold Beach, Oregon. Both Red Flat and the Company’s
Cleopatra Property are located within a withdrawn area that requires the mining claims to have been in
good standing since the withdrawal order came into effect (2015) and that concentrations of economic
minerals were identified prior to the withdrawal order being invoked. The Company has provided such
information to the Forest Service and is waiting for a response. Commenting on the delay, Steve Balch
stated “it is frustrating having to wait so long to get approval to explore our properties. We submitted the
documentation back in July and August of 2024. We may redirect our exploration efforts to Eight Dollar
which is not subject to a withdrawal order and is partly under the control of the Bureau of Land Management
which seems to be more active granting permits. But we will continue to push to get our exploration
program at Red Flat started. I feel like we’ve waited long enough”.
Sa mple ID Sa mpleEasting (mE)Northing (mN)Elevation (m) Ni% Co % Cr 2O 3%Fe2O3% MgO% Si O2% S%
8D25-AUG-56 L135501 443,916 4,677,101 431 0.454 0.04 1.53 18.8 20.4 37.0 0.02
8D25-AUG-58 L135502 444,099 4,677,101 452 0.522 0.04 1.30 20.7 16.0 37.2 0.02
8D25-AUG-60 L135503 444,282 4,677,101 460 0.352 0.02 1.73 15.5 15.3 39.6 0.03
8D25-AUG-62 L135504 444,442 4,677,061 481 0.544 0.04 2.38 24.1 13.8 35.1 0.02
8D25-SS-001 L135506 446,313 4,676,763 582 0.388 0.03 2.59 16.1 19.8 42.4 0.01
8D25-SS-002 L135507 446,330 4,676,796 590 0.569 0.04 1.21 19.7 20.6 39.8 0.01
8D25-SS-003 L135508 446,352 4,676,820 594 0.500 0.03 2.09 17.3 17.2 42.6 0.01
8D25-SS-004 L135509 446,375 4,676,852 600 0.473 0.03 1.50 17.0 17.9 40.6 0.02
8D25-SS-005 L135510 446,402 4,676,871 593 0.626 0.03 1.69 24.7 11.8 36.4 0.02
8D25-SS-006 L135511 446,445 4,676,884 592 0.444 0.03 1.92 19.3 15.5 39.6 0.02
8D25-SS-007 L135512 446,474 4,676,898 582 0.422 0.03 1.60 18.0 21.0 40.2 0.01
8D25-SS-008 L135513 446,460 4,676,853 578 0.374 0.03 1.61 14.5 22.4 43.0 0.01
8D25-SS-009 L135514 446,484 4,676,826 568 0.375 0.03 2.19 16.3 19.7 42.8 0.01
8D25-SS-010 L135516 446,453 4,676,796 568 0.570 0.04 1.26 20.3 25.1 38.5 0.01
8D25-SS-011 L135517 446,411 4,676,757 567 0.344 0.02 2.41 13.4 19.6 41.9 0.02
8D25-AUG-053L135518 445,313 4,678,653 1207 0.718 0.04 1.39 32.3 19.8 29.1 0.01
8D25-AUG-051L135519 445,220 4,678,645 1180 1.185 0.07 1.29 50.6 7.2 15.6 0.02
8D25-SS-012 L135520 445,084 4,678,616 1149 0.875 0.04 1.22 38.3 11.1 25.2 0.01
8D25-SS-013 L135521 444,896 4,678,572 1115 0.997 0.04 1.69 37.2 9.0 24.0 0.02
8D25-SS-014 L135522 444,828 4,678,632 1094 1.135 0.06 1.93 42.5 7.2 22.2 0.02
8D25-SS-015 L135523 444,759 4,678,538 1078 2.210 0.05 1.13 38.9 8.3 27.4 0.01
8D25-SS-016 L135524 444,715 4,678,493 1063 1.225 0.07 1.57 46.2 5.1 19.7 0.02
8D25-SS-017 L135526 444,599 4,678,365 1020 0.783 0.04 1.72 36.3 10.1 29.7 0.01
8D25-SS-018 L135527 444,493 4,678,320 992 0.512 0.05 3.14 28.3 15.7 31.7 0.01
8D25-SS-019 L135528 444,553 4,678,294 993 0.817 0.04 2.06 32.5 11.4 29.9 0.02
8D25-SS-020 L135529 444,611 4,678,278 1003 0.943 0.06 1.57 43.6 6.4 24.6 0.02
8D25-SS-021 L135530 444,620 4,678,375 1033 0.948 0.05 1.75 38.6 9.5 26.3 0.01
8D25-SS-022 L135531 444,639 4,678,442 1047 1.275 0.08 1.86 44.6 7.8 21.4 0.01
8D25-SS-023 L135532 444,640 4,678,507 1044 0.835 0.09 1.80 46.5 6.5 20.1 0.02
8D25-SS-024 L135533 444,700 4,678,658 1056 1.020 0.05 2.12 40.6 9.1 23.7 0.02
8D25-SS-025 L135534 444,709 4,678,629 1060 1.045 0.04 2.05 37.6 9.6 26.5 0.02
8D25-SS-026 L135536 444,711 4,678,571 1062 1.165 0.06 2.05 37.2 9.1 25.2 0.01
8D25-SS-027 L135537 444,845 4,678,555 1101 1.020 0.05 1.64 41.0 7.3 20.5 0.03
8D25-SS-028 L135538 445,010 4,678,635 1130 1.090 0.04 1.54 36.2 9.3 28.5 0.01
8D25-SS-029 L135539 445,176 4,678,633 1164 0.948 0.05 1.70 40.0 10.4 22.7 0.01
8D25-SS-030 L135540 445,277 4,678,631 1197 0.792 0.06 2.27 37.2 9.8 24.0 0.02
8D25-SS-031 L135541 445,361 4,678,635 1213 0.998 0.07 1.72 41.7 10.6 21.8 0.01
8D25-SS-032 L135542 445,452 4,678,662 1226 0.927 0.07 1.82 44.7 10.2 18.6 0.01
8D25-SS-033 L135543 444,135 4,680,839 368 0.206 0.01 0.60 14.8 12.8 46.0 0.02
8D25-SS-034 L135544 443,857 4,680,872 384 0.472 0.04 1.01 25.2 11.5 30.6 0.03
8D25-SS-035 L135546 444,325 4,680,871 380 0.271 0.02 0.86 21.0 3.5 41.1 0.01
8D25-SS-036 L135547 444,395 4,681,042 408 0.347 0.03 0.72 20.8 13.2 38.1 0.02
8D25-SS-037 L135548 444,637 4,681,078 398 0.397 0.03 0.97 25.3 7.6 33.4 0.02
8D25-SS-038 L135549 444,789 4,681,079 385 0.279 0.02 0.74 15.9 7.6 45.6 0.02
8D25-SS-039 L135550 445,464 4,680,397 522 0.472 0.03 2.38 21.6 20.5 36.2 0.01
8D25-SS-040 L135551 445,445 4,680,523 489 0.670 0.04 1.62 30.5 14.6 31.2 0.01
8D25-SS-041 L135552 445,214 4,681,061 407 0.606 0.04 2.66 32.6 11.0 27.8 0.01
8D25-SS-042 L135553 445,443 4,680,724 445 0.307 0.02 2.12 16.8 14.6 43.0 0.02
8D25-SS-043 L135554 444,718 4,679,525 742 0.377 0.02 1.85 19.2 14.9 40.6 0.01
8D25-SS-044 L135556 444,682 4,679,617 718 0.456 0.04 2.32 23.3 14.1 36.4 0.02
8D25-SS-045 L135557 444,662 4,679,757 696 0.461 0.04 2.79 24.2 12.7 36.2 0.02
8D25-SS-046 L135558 444,528 4,679,860 646 0.365 0.03 3.35 18.5 17.2 39.1 0.02
8D25-SS-047 L135559 444,423 4,680,065 585 0.431 0.05 3.57 28.1 13.6 31.2 0.02
8D25-SS-048 L135560 444,386 4,680,173 546 0.382 0.03 2.77 22.0 13.7 35.5 0.02
8D25-SS-049 L135561 444,402 4,680,371 485 0.329 0.02 1.71 19.0 13.3 38.5 0.02
8D25-SS-050 L135562 444,453 4,680,712 404 0.398 0.05 1.44 25.5 11.4 31.7 0.02
Table 1: Sum m ary of assays at Eight Dollar with UTM locations (coordinates are in WGS 84 / UTM Zone 10N).
QA/QC
Curtis Ferron, MSc., P .Geo., a “Qualified Person” as defined by National Instrument 43-101, is responsible
for sample collection, quality assurance (QA), and quality control (QC). All samples were collected either
with a hand shovel or auger and were placed directly into plastic bags with a laboratory assay tag and sealed
on site at the sample location. The samples were then shipped in secured bags directly to ALS Geochemistry
in Reno, Nevada an ISO/IEC 17025 accredited lab. Three internal QA/QC samples were inserted per 30
soil samples collected.
Qualified Person
Stephen J. Balch (BSc., P. G e o . # 2 2 5 0 – Ontario), President and CEO of Homeland Nickel and a "Qualified
Person" within the meaning of NI 43-101, has verified the data disclosed in this news release, and has
otherwise reviewed and approved its technical content on behalf of the Company.
About Homeland Nickel
Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources
with nickel projects in Oregon, United States and copper and gold projects in Newfoundland, Canada. The
Company holds a significant portfolio of mining securities including 1.995 million shares of Canada Nickel
Company Inc. (TSX-V: CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB),
11.522 million shares of Benton Resources Inc. (TSX-V: BEX), 81,150 shares of Vinland Lithium Inc.
(TSX-V: VLD) and 2.761 million shares of Magna Terra Minerals Inc. (TSX-V: MTT). Homeland Nickel’s
common shares trade on the TSX V enture Exchange under the symbol “SHL” and on the OTCQB under
the symbol “SRCGF”. More detailed information can be found on the Company’s website at:
http://www.homelandnickel.com
Cautionary Statement
Neither TSX V enture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No
stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
This news release contains statements that constitute “forward -looking statements”. Forward-looking
statements are statements that are not historical facts and include, but are not limited to, disclosure regarding
possible events, that are based on assumptions and courses of action, and in certain cases, can be identified
by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”
and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur, or
the negative forms of any of these words and other similar expressions. Forward-looking statements include
statements related to future plans for the Company, and other forward -looking information. Forward-
looking statements are based on various assumptions including with respect to the anticipated actions of
securities regulators, stock exchanges, and government entities, management plans and timelines, as well
as results of operations, performance, business prospects and opportunities. Although the forward-looking
statements contained in this news release are based upon what the management of the Company believes
are reasonable assumptions on the date of this news release, such assumptions may prove to be incorrect.
Forward-looking statements involve known and unknown risks and uncertainties, they should not be read
as guarantees of future performance or results, and they will not necessarily be accurate indications of
whether such results will be achieved. A number of factors could cause actual results, performance or
achievements to differ materially from the results discussed in the forward-looking statements, including,
but not limited to: an inability to develop and successfully implement exploration strategies; general
business, economic, competitive, political and social uncertainties; the lack of available capital; impact of
the evolving situation in Ukraine on the business of the Company; and other risks detailed from time-to-
time in the Company’s ongoing filings with securities regulatory authorities, which filings can be found at
www.sedarplus.ca. The Company cannot assure readers that actual results will be consistent with these
forward-looking statements. Readers are cautioned not to place undue reliance on forward -looking
statements in this press release. These forward-looking statements are made as of the date of this news
release and the Company disclaims any intent or obligation to update any forward -looking statement,
whether because of new information, future events or otherwise, unless otherwise required by law.
Contact
Stephen Balch, President & CEO
Phone: 905-407-9586
Email: [email protected]