NIKOS Receives Exploration Permit For Borden Lake Extension Drill Program
NIKOS
EXPLORATIONS LTD.
NEWS RELEASE February 7, 2017
NIKOS Receives Exploration Permit For Borden Lake Extension Drill Program
Vancouver, February 7, 2017. Nikos Explorations Ltd. (TSX -V: NIK) (“Nikos” or the “Compan y”) is pleased to announce
that it has received an exploration permit from the Mi nistry of Northern Development and Mines for a planned
upcoming drill program at its Borden Lake Extension Project near Chapleau, Ontario.
Nikos applied for an exploration permit to drill up to 20 di amond drill holes to test chargeability anomalies found in a
recent induced polarization (IP) resistivity survey. The an omalies occur up ice of high gold grain counts in till samples
reported during 2016. One of the chargeab ility anomalies also occurs adjacent to a soil gas hydrocarbon (SGH) anomaly
approximately 200 metres up ice of an anomalous till sample that contained 48 gold grains. A second chargeability
anomaly shows a stronger respon se than the first, as well as a higher re sistivity response, a combination that may
indicate a silicified zone. This anomaly occurs a furt her 500 metres up ice of the anomalous till samples. Both
chargeability anomalies are approximately 400 metres long and remain open to the east and west.
“The receipt of the exploration permit allows us to proceed with drill testing the anomalies we have developed on the
Borden Lake Extension property,” said Roger Moss, President and Chief Executive Officer. “This will mark the first drilling
undertaken by a Junior in such close proximity to Goldcorp ’s Borden Lake gold deposit since its discovery by Probe
Mines in 2010 and we are excited by the possibilities.”
About Borden Lake Extension:
The Borden Lake Extension Project covers an area of 55 s quare kilometres and lies approximately 5 km southeast of
Goldcorp’s Borden Lake high grade gold zone where explorat ion has defined indicated resources of 0.56 MMoz grading
5.77g/t Au and inferred resources of 0.41 MMoz grading 5.49 g/t Au. This zone remains open along strike to the
southeast. Exploration carried out by Nikos is the first know n work on the property, which is located in the Kapuskasing
Structural Zone. Nikos holds an option to earn a 100% interest in the property.
About Nikos Explorations:
Nikos Explorations is a Canadian based mineral exploratio n company focused on the acquisition and exploration of
prospective gold projects in the Americas. The company has 25,006,725 shares issued and outstanding and trades on the
TSX Venture Exchange under the symbol NIK.
Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.
For more information please contact: Roger Moss, President and CEO Tel: 416-704-8291
Or visit our website at: www.nikosexplorations.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.