Class 1 Nickel Commences Geophysics Programs
Class 1 Nickel Commences Geophysics Programs
Geotech Ltd has been appointed to fly Heliborne VTEM™ and Ho rizontal Magnetic
Gradiometer geophysical surveys over the entire 20 square km
Alexo-Dundonald Ni-Cu-PGE Project area
First ever modern geophysics campaign has commenced at Alexo-Dundonald Ni-Cu-PGE
Geotech Ltd proprietary time-domain electromagnetic system VTEM™ deployed to confirm
possible extents to zones of historical Mineral Resources and to identify new nickel targets
Deeper penetrating ground-based geophysics to also determine possible depths to new Mineral
Resource targets
Toronto, Ontario, September 16, 2020: Class 1 Nickel & Technologies Limited (“Class 1 Nickel” or
the “Company”) (CSE: NICO), is excited to announce that it has contracted Geotech Ltd to fly an
extensive VTEM™ plus time-domain electromagnetic survey with additional horizontal magnetic
gradiometry over its entire Alexo-Dundonald Nickel-Copper-PGE Property, situated 45 km northeast of
the centre of Timmins, Ontario.
The Alexo-Dundonald Ni-Cu-PGE Project consists of the Alexo, Kelex, Dundonald North and Dundonald
South nickel deposits. The Alexo Deposit sits on the northeast arm of a large interpreted “Z”-shaped
komatiite fold, while the Dundonald Deposit sits on the southwest arm of the same fold. A past
producing operation (historical 2.0% to 4.0% nickel head grade) left historical nickel sulphide Mineral
Resources (Ni-Cu-Co-PGE) that remain open at depth and along strike.
Geophysical consultant for Class 1 Nickel, Mr. Alan King, commented, "Class 1’s nickel team is eagerly
anticipating the completion and interpretation of the VTEM survey. Having a new, higher resolution
AEM survey will allow us to compare signatures from the known mineralized sulphide zones with what
may lay deeper and/or surrounding the known deposits, and will be valuable in determining the
potential of the Alexo-Dundonald Property."
Conducting the VTEM and magnetic survey over the existing Alexo-Dundonald historical Mineral
Resources and interpreted Z-folded komatiitic peridotite will allow the technical team to map
conductors of significance in subsurface areas that may be associated with magmatic semi-massive to
massive Ni-Cu-Co-PGE sulphides, to an initial depth of approximately 300 metres. Targets from the
airborne survey will be followed up on using surface AEM and/or drilling, and borehole EM surveys, as
appropriate.
The VTEM Plus system is Geotech Ltd.’s flagship helicopter TDEM system, with over 3,000,000 line-km
flown around the world for base and precious metals exploration. It’s large transmitter dipole moment
and high signal to noise are ideally suited for the komatiitic Ni-Cu-Co-PGE targets sought by Class 1
Nickel.
Mr. Eugene Puritch, President of P&E Mining Consultants Inc. stated, “Successful nickel sulphide mines
can plunge to depths of in some cases more than 1 or 2 km from surface, therefore the potential size
and scale of Alexo-Dundonald is presently unknown. Considering that the majority of historical drilling
and mining at Alexo-Dundonald has only ever been shallow work at less than 100 m below surface, the
great bulk of the 20 square km Property remains essentially untested. Therefore, we are all keenly
interested to see the potential generation of additional nickel sulphide targets.”
Qualified Person
The technical information in this news release has been reviewed and approved by Eugene Puritch,
P.Eng. FEC, CET, President of P&E Mining Consultants Inc. and Independent Qualified Person as
defined by NI 43-101.
About Class 1 Nickel & Technologies Limited
Class 1 Nickel & Technologies Limited (CSE: NICO) is a Mineral Resource company focused on
the development of its 100% owned Alexo-Dundonald Project, an advanced portfolio of komatiite
hosted magmatic nickel-copper-cobalt sulphide projects located 43 km northeast of Timmins, Ontario.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our new website at www.class1nickel.com, our Twitter feed at
www.twitter.com/ClassNickel or our LinkedIn Page at www.linkedin.com/company/class-1-nickel/.
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”,
“believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or
conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
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differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company’s management’s discussion and
analysis as filed under the Company’s profile at www.sedar.com. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received as
and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
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revise any forward-looking information, other than as required by applicable securities laws.
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