Class 1 Nickel Prioritizes Newly Identfied Vtem(tm) Conductor Anomalies FOR Upcoming Drilling Campaigns at Alexo‐dundonald
CLASS 1 NICKEL PRIORITIZES NEWLY IDENTFIED VTEMTM CONDUCTOR
ANOMALIES
FOR UPCOMING DRILLING CAMPAIGNS AT ALEXO‐DUNDONALD
Four Priority 1 VTEMTM anomaly nickel targets identified within favourable 14 km long
folded komatiite unit that hosts four high‐grade nickel sulphide deposits
Detailed geological interpretation and drill program planning is now underway for both
extension drilling to the known resources and new high impact discovery drilling of the
high priority VTEMTM anomalies recently identified
A much larger mineralised system is now believed to be present at Alexo‐Dundonald
Toronto, 24 November 2020 – Class 1 Nickel and Technologies Limited (“Class 1 Nickel” or the
“Company”) (CSE: NICO) is pleased to announce quantitative modelling results for the
preliminary VTEMTM anomalies on its Alexo‐Dundonald Nickel Sulphide Project (the “Project” or
Property”), 45 km northeast of Timmins, Ontario (Canada). The VTEMTM survey was flown over
the entire 20 square‐km land package (1,012 line‐km) to detect electromagnetic and magnetic
signatures that could aid identification of new deposits and extensions of known deposits.
The four known nickel sulphide deposits on the property (Alexo North, Alexo South, Dundonald
North and Dundonald South) were all detected in the VTEMTM survey.
Interpretation and Ranking
VTEMTM conductor anomalies A to O (collectively, the “Targets”) were identified (Figure 1) based
on conductance and the extent of historical drill testing. These Targets were also reviewed for
possible cultural interference in Google Earth, by using the VTEMTM powerline monitor data
channel, and field checking. The priority Targets were then integrated with all other data,
including preliminary Magnetic TMI, db/dt tau, prior AEM/Mag surveys and anomalies, detailed
property geology, known deposits and occurrences, and all known drilling from
company/property databases and the Ontario ODHD drill hole database. Following data
integration and target review, the Targets were tabulated and ranked based on five criteria:
1. Quality and shape of EM/Mag anomalies, with priority assigned to targets with shorter
strike length, higher conductivity and magnetic association;
2. Presence or absence of prior drilling, with targets with few or no drill holes given higher
priority;
3. Any Ni and Cu values in nearby drill holes;
4. Proximity to known mineral deposits and occurrences; and
5. Local geology (proximity to favourable ultramafic rocks)
This ranking process resulted in four Priority 1 Targets (highest priority), twelve Priority 2 Targets,
and a few lower Priority 3 Targets. The characteristics of the Priority 1 Targets are highlighted
below (see Figures 2 and 3 and Table 1).
Priority 1 Target Highlights
The four Priority 1 Targets (A, H, I and J) are multi‐line anomalies similar to the known
deposits and do not appear to coincide with any cultural interference features;
The four Priority 1 Targets are short‐strike length features from 300 m to 800 m in length;
Anomaly A follows a local magnetic high, appears to be in mafic‐ultramafic rocks and is
located 1 km west of the Dundonald North deposit. It has not been subject to previous
and historic drilling. Although there are cultural features nearby, they do not appear to
explain the anomaly;
Anomalies H and J have no apparent drilling in the available databases;
Anomaly H is close to the Dundonald South deposit and proximal to the major southwest‐
verging fold nose in the south part of the Property;
Anomaly I is sparsely drilled and located 2 km east of the Dundonald South deposit, on
the south limb of the major southwest‐verging fold, near the Casey mineral occurrence;
and
Anomaly J is located 1.6 km northeast of the Alexo North and Alexo South deposits and
appears to cross‐cut stratigraphic units in a major northeast‐verging fold nose.
It is important to note that bedrock conductors can also be caused by graphite, barren sulphides
and in this geological environment, by thick units of slightly conductive serpentinized ultramafics
Benjamin Cooper, President & CEO: “Although these interpretations are preliminary, the first‐
ever modern airborne geophysical survey of Alexo‐Dundonald has definitely advanced the case
for a much larger mineralized system here at Alexo‐Dundonald than was previously understood
by the Company. “
Class 1 Nickel now looks forward to the delivery of additional detailed interpretation of the final
VTEMTM data set to advance two main objectives.
1) Detailed planning and commissioning of a significant extension drilling campaign to
increase the size and scope of the known resources; and
2) Design and planning of new exploration drilling campaign over the areas of mineralisation
outside the known resources (i.e. the Targets that have been identified by the VTEMTM
survey and associated geophysical modelling).
Figure 1. Map view of the Alexo‐Dundonald Property showing the A‐O VTEMTM anomalies and
the four known nickel sulphide deposits on airborne magnetics image.
Figure 2. Map view showing the four Priority 1 VTEMTM anomalies on interpreted geology and
the four known nickel sulphide deposits.
Figure 3. View looking eastwards and above the horizontal at the VTEMTM conductor 3D model
plates for Anomalies A, H, I and J on the Alexo‐Dundonald Property. The plate models (red
rectangles) and drill hole traces (black lines) are below surface, whereas the conductor axes
(red and orange) are on surface. Note that at Anomaly I, three conductor plate models are
interpreted. For scale, the distance from Dundonald North to Dundonald South is 1500 m.
Table 1. Summary of Priority VTEMTM Conductor Plate Models
Anomaly Depth to Top
(m)
Dip
(°)
Dip
Direction
(°)
Length1
(m)
Depth Extent
(m)
Conductivity*Thickness Rank
A ‐21 80 358 300 200 36 1
H ‐98 0.4 140 400 50 200 1
I‐1 ‐80 20 146 800 300 300 1
I‐2 ‐87 20 328 800 300 300 1
I‐3 ‐37 75 326 600 400 20 2
J ‐16 85 146 300 200 250 1
1Lengths are not well constrained
Next Steps
Design follow‐up, ground time‐domain EM surveys and (or) direct drill testing with drill
hole time‐domain EM surveys, as appropriate, to test the Priority 1 Targets for the
presence of nickel sulphide mineralization;
Complete analysis and modelling of the Priority 2 and Priority 3 Targets, particularly as
additional historic data are acquired and integrated into the target identification and
ranking process;
Continue analysis and interpretation of the geophysical signatures and geological features
of the four known deposits with mineral resources (see Class 1 Nickel news release dated 02
November 2020) for potential extensions along strike and at depth for drill testing.
The Alexo North, Alexo South, Dundonald South and Dundonald North deposits are all
open at depth and along strike, and could potentially increase in size with additional
drilling;
Results from the above activities will the subject of future press releases.
Versatile Time Domain Electromagnetic (VTEM™) System
Geotech’s VTEM™ surveys improve on previous generations of airborne geophysics completed
over the current Project area by providing the following:
Increased Resolution: 100‐metre line spacing design improves on the historic magnetic
survey flown on 250‐ metre line spacing;
Modern Technology: Advancements in instrument sensitivity, data acquisition and
processing are expected to provide superior results; and
Proven Technology and Track Record: VTEMTM surveys are recognized as a successful
tool for exploration in other magmatic sulphide systems globally.
Qualified Person
The geophysical technical information in this news release has been reviewed and approved by
Mr. Alan King (P.Geo.), geophysicist and technical advisor to the Company, who is a Qualified
Person under the definitions established by National Instrument 43‐101. All other technical
information in this news release has been reviewed and approved by Dr. William Stone (P.Geo.),
independent geological consultant to the Company, who is a Qualified Person under the
definitions established by National Instrument 43‐101.
About Class 1 Nickel and Technologies Limited:
Class 1 Nickel and Technologies Limited (CSE: NICO) is a Mineral Resource Company focused on
the development of its 100% owned Alexo‐Dundonald Project, a portfolio of komatiite‐hosted
magmatic nickel‐copper‐cobalt sulphide Mineral Resources located near Timmins, Ontario, as
well as developing and exercising its option over the Somanike komatiite hosted nickel copper
project in Quebec, which includes the well‐known Marbridge Nickel Mine.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our new website at www.class1nickel.com and our
Twitter feed: @ClassNickel.
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or
accepted responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward‐Looking Statements and Information
This press release contains “forward‐looking statements” within the meaning of applicable Canadian
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the activities, events or developments that the Company expects or anticipates will or may occur in the
future, including the growth potential and possible economics of the project and the Company’s
understanding of the Alexo‐Dundonald Project, the development potential and timetable of the project;
the estimation of Mineral Resources; the anticipated timing of the Preliminary Economic Assessment;
the timing and amount of estimated future exploration; the anticipate results of the Company’s planned
2021 drill program on the Alexo‐Dundonald Project and its possible impact on the potential size of the
Mineral Resource Estimate; costs of future activities; capital and operating expenditures; success of
exploration activities; the anticipated ability of investors to continue benefitting from the Company’s
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achievements of Class 1 Nickel to be materially different from future results, performances or
achievements expressed or implied by such statements. Such statements and information are based on
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exploration program will result in expanded Mineral Resources; risks and uncertainties inherent to
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uncertainties discussed in the latest annual information form of the Company, in the Technical Report
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