Nickel Rock Completes Expansion of the Nickel 100 Claim Group Near the Decar Nickel District of FPX Nickel Corp.
Nickel Rock Completes Expansion of the Nickel 100 Claim Group
Near the Decar Nickel District of FPX Nickel Corp.
April 14, 2021: Vancouver, BC, Canada; Nickel Rock Resources Inc. (the “Company”) TSX-V: NICL,
OTCQB: NICKLF is pleased to announce that a recent staking program has increased the size of the
Nickel 100 Claim Group situated in the Mitchell Range, approximately 130 km northwest of Fort St.
James in Central British Columbia. The claim group is underlain by silicified and serpentinized
ultramafics, a similar package of rocks as the Decar Deposit, and include numerous prospective nickel
and chromium showings occurring over a linear distance of 31 km.
This enlarged land package is, in part, contiguous with FPX Nickel’s (TSXV: FPX) Klow Project where
mineralization consists of a central coarse-grained nickel-iron alloy (awaruite) target that is
enveloped by a halo of finer-grained mineralization. The coarse-grained target measured 1,000
metres long. In 2012, FPX reported that work on the Klow Project included a ground-based magnetic
geophysical survey, the results of which were used to assist in locating drill holes as part of an initial
phase of exploration drilling.
Forestry roads and helicopters provide primary access to the property. A BC Rail Line is located
approximately 12 km to the south.
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.nickelrockresources.com
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About the Nickel 100 Group
Mineral Occurrences
The claims of the Nickel 100 Group (part of the “Nickel Project”) cover 18 of 18 BC MINFILE
chromite occurrences, some of which are reported to be mineralized with nickel,
platinum/palladium group and other rare, highly valuable elements.
History
Nickel-cobalt mineralization has not been well-explored, but the presence of awaruite has
been documented. Geologist, Ms. Ursula Mowat completed a preliminary field work program
over the area of the Nickel 100 claim group in 2004, and confirmed the presence of elevated
nickel, cobalt and chromium values in rocks and stream sediments. Ms. Mowat is the recipient
of the 2015 H.H. “Spud” Huestis Award for Excellence in Prospecting and Mineral Exploration
granted by the Association of Mineral Exploration in British Columbia (“ AME BC”). AME BC
is both a large and successful industry association representing the mineral exploration
industry in British Columbia.
About the Hard Nickel Group
The Hard Nickel Group (part of the “Nickel Project”) consists of four non-contiguous mineral
claims groups held by Nickel Rock Resources Inc. through three separate agreements. The
exploration stage project is in the Takla Lake area of central British Columbia, partially
adjacent to FPX Nickel Corp.’s Decar Nickel Project.
The Decar Nickel Project is an advanced project targeting awaruite, a nickel-iron alloy
mineral, hosted by serpentinized ultramafic intrusive rocks of the Trembleur Ultramafic Unit
within the Permian to Triassic age Cache Creek Complex.
All the claim groups of the Nickel Project are partially underlain by variably serpentinized
ultramafic intrusive rocks of the Trembleur Ultramafic Unit. Metallic mineralization
discovered to date on the project includes nickel, cobalt, and chromium, and some of the
nickel mineralization occurs as the nickel-iron alloy awaruite, and as sulphide minerals
including heazlewoodite, bravoite and siegenite.
The principal target on the project is nickel occurring as awaruite, but at the exploration stage
all other styles of mineralization should be considered.
Systematic, ground-based exploration work began within the area of the claims now covered
by the Nickel Project under the direction of Ms. Ursula Mowat, P.Geo. in 1987, continuing
intermittently until 2012. This work established the presence of elevated nickel, cobalt and
chromium values in rocks, soils, and stream sediments.
The area of the claim groups of the Nickel Project were included in Geoscience BC’s QUEST
and QUEST-West projects, including multiparameter regional geophysical surveys, and
regional stream sediment reanalyzes and data compilations between 2008 and 2009.
R. Britten’s technical paper “Regional Metallogeny and Genesis of a New Deposit Type –
Disseminated Awaruite (Ni3Fe) Mineralization Hosted in the Cache Creek Terrane published
in 2017 in Economic Geology should be utilized as an interim mineral deposit model or profile
for the Nickel Project.
The Nickel Project is worthy of phased, systematic exploration programs designed and
implemented to delineate areas with known or high probability metallic nickel
mineralization, and to discover new areas of similar mineralization.
Proposed 2021 Exploration Program
A 2021 proposed work program consists of trenching, surface exploration diamond drilling,
camp construction, and exploration activities to support drilling and trenching such as soil
sampling, rock sampling, prospecting, and geological mapping. The Company proposes a 12-man
camp to be built in a cirque on the north slope of the un-named mountain west of and adjacent to
Mount Sydney Williams and will be built next to a sub-alpine lake at the headwaters of Van Decar
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Creek. The location of camp was selected based on past exploration camps at this location and is
suitable for exploration support and the camp will be used to accommodate field personnel and
is accessible by helicopter.
Nickel Rock’s Lithium Project
Clayton Valley Project, Silver Peak, Nevada
The Company is exploring for lithium clays and brines within its project area of 118 claims covering
over 930 hectares (2,300 acres). The property stretches in a northwest direction from the
evaporation ponds of Albemarle Corporation NYSE: ALB. It has been widely reported that
Albemarle is planning to double its lithium production by 2025 by committing between US$30
million and US$50 million in additional investment on the property. In 2021, Albemarle plans to
commence exploration of clay and evaluate technology that could accelerate the viability of lithium
production from clay resources in the region.
Qualified Person
Jacques Houle, P.Eng., a qualified person as defined by NI43 - 101, is responsible for the technical
information contained in this release. Readers are cautioned that the information in this press release
regarding the property of FPX Nickel Corp is not necessarily indicative of the mineralization on the
property of interest.
About Nickel Rock Resources Inc.
The Company is a Canadian-based mineral exploration company active in the exploration for nickel-
iron alloy in British Columbia and lithium in Nevada. Nickel Rock Resources Inc. is a Canadian based
exploration company whose primary listing is on the TSX Venture Exchange. The Company’s
maintains a focus on exploration for high value battery metals required for the electric vehicle (EV)
market. (http://www.nickelrockresources.com/)
On Behalf of the Board of Directors
“Robert Setter”
Robert Setter, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release
may contain forward-looking statements which include, but are not limited to, comments that involve future
events and conditions, which are subject to various risks and uncertainties. Except for statements of historical
facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking
statements are not guarantees of future performance and actual results may vary materially from those
statements. General business conditions are factors that could cause actual results to vary materially from
forward-looking statements.