Geotechnical Drilling to Commence at the Zeb Nickel Project as Part of a Dolomitic Stability Investigation in Order to Advance the Company's Mining Right Application
Geotechnical Drilling to Commence at the Zeb
Nickel Project as Part of a Dolomitic Stability
Investigation in Order to Advance the
Company's Mining Right Application
Vancouver, British Columbia--(Newsfile Corp. - October 19, 2022) - ZEB Nickel Corp. (TSXV: ZBNI)
(OTCQB: ZBNIF) ("Zeb" or the "Company") is pleased to announce that the Company will shortly be
commencing with geotechnical drilling as part of dolomitic stability investigation for the proposed mining
infrastructure area which forms part of Zeb's Mining Right Application to the South African Department of
Mineral Resources and Energy (DMRE).
The Mining Right Application submitted to the DMRE as described in the Company's 43-101, available
on the Company's website, had earmarked certain areas on the Project for surface mining infrastructure,
which is underlain by dolomite. The DMRE has requested that the Company perform a dolomitic stability
investigation in this prescribed area to ensure that any future surface mining infrastructure is not situated
on geotechnically unstable ground, which can be associated with dolomite.
The drilling will be conducted by Ntamu Engineers, which is a South African Professional Environmental
Consulting agency, with a team of professionals specializing in several environmental science and
environmental engineering fields.
Drilling will follow on the back of a geophysical investigation consisting of a gravity survey to delineate
areas of low densities possibly associated with dissolution cavities.
Drilling of an estimated 17 boreholes using an air percussion drilling method will be drilled to a minimum
of 6 m into hard rock or 60 m whichever comes first as per South African National Standard (SANS)
1936-2. Logging of the drilling chips will be done by a qualified engineering geologist. Drilling will also
be supervised by the Company's geologists, who will monitor the chips for any geological information
pertinent to the project and examine the chips for signs of mineralization.
No assays will be done on material collected from these drillholes unless mineralization is intersected.
The results of the study will be submitted to the South African Council for Geoscience for review, and
then the final report will be submitted to the DMRE for comment. Drilling is expected to be completed by
the October 28
th
, 2022, and the final report submitted to the DMRE during early December, 2022.
Wayne Isaacs, Chief Executive Officer and Director of Zeb Nickel, commented: "
This study, as
requested by the DMRE, forms part of routine geotechnical investigations for any construction
activities that may be situated on dolomite or limestone lithologies. The Company does not anticipate
any complications arising out of this study, and the geological team are eager to log these holes and
be on the lookout for any Ni-Cu-PGE and gold mineralization which is known to occur in the area
under investigation. This study will benefit the Company by not only advancing the application for a
Mining Right over the Project Area, but also by providing additional geological information in the
footwall to Targets 1 and 2, as described on our Company's website."
About the Company and Project
Zeb Nickel Corp is focused on exploring for and developing world-class mineral deposits, with a focus
on metals that are critical in the production of rechargeable batteries, such as nickel, graphite, lithium,
cobalt, manganese, copper and aluminum. The Company is currently focused on developing its flagship
Zeb Nickel Project, located in Limpopo, South Africa. The Zeb Nickel Project is a developing Class 1
nickel sulfide project strategically located in the Bushveld Complex in South Africa. The Zeb Project
Contains a historical NI 43-101 compliant resource over 3.9 million tons of contained sulfide nickel,
ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). A
detailed assessment of global nickel resource and trends and endowments. Economic Geology, 109(7),
1813-1841).
Qualified Person and Quality Control/Quality Assurance
Richard Montjoie has supervised the preparation of the scientific and technical information that forms the
basis for this news release and has approved the disclosure herein. Mr. Montjoie is not independent of
the Company. Mr. Montjoie is a registered member of the South African Council for Natural Scientific
Professions (SACNASP) membership number 400131/09. Mr. Montjoie holds a M.Sc. Honors in
Economic Geology from the University of Witwatersrand, South Africa, and is fellow of the Geological
Society of South Africa (GSSA).
For further information, please visit
http://www.zebnickel.com
or contact:
Zeb Nickel Corp.
+1 416 504 3978
Wayne Isaacs
(Chief Executive Officer)
email:
Company Website:
www.zebnickel.com
/
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward-looking information includes, but is not limited to,
drill results relating to the Zeb Project, the potential thereof, timing of economic studies and mineral
resource estimates, the ability to classify the historical resource as a current mineral resource, the ability
to sell marketable materials, strategic plans, including future exploration and development results, and
corporate and technical objectives. Forward-looking information is necessarily based upon a number of
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking information. Factors that could affect the outcome include,
among others: future prices and the supply of metals, the future demand for metals, the results of drilling,
inability to raise the money necessary to incur the expenditures required to retain and advance the
property, environmental liabilities (known and unknown), general business, economic, competitive,
political and social uncertainties, results of exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact
of COVID-19 related disruptions in relation to the Company's business operations including upon its
employees, suppliers, facilities and other stakeholders. There can be no assurance that such information
will prove to be accurate, as actual results and future events could differ materially from those anticipated
in such information. Accordingly, readers should not place undue reliance on forward-looking
information. All forward-looking information contained in this press release is given as of the date hereof
and is based upon the opinions and estimates of management and information available to
management as at the date hereof. The Company disclaims any intention or obligation to update or
revise any forward-looking information, whether as a result of new information, future events or otherwise,
except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/141010