Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nickel North Exploration (NNX) has filed a technical report and updated mineral resource estimate for the Hawk Ridge Nickel-Copper property
  • The company said that the NI-43-101 inferred resource estimate increased by 76.6 per cent from 19.63 Mt to 34.66 Mt. It also includes an update on its Hope Advance Main Zone and Hope Advance North, Gamma, and Falco 7 deposits
  • Total pit-constrained inferred mineral resources at a C$35/t NSR cut-off increase by 50 per cent to 29.44 Mt at 0.20 per cent Ni, 0.52 per cent Cu, 0.012 per cent Co, 0.19 g/t Pd, 0.04 g/t Pt and 0.021 g/t Au
  • Significant exploration potential remains with approximately 50 per cent of the Hawk Ridge mineralized structure and mineral occurrences being undrilled or untested and will soon be actively explored
  • Nickel North Exploration Corp. (NNX) was trading steady at C$0.05

Nickel North Exploration (NNX) has filed a technical report and updated mineral resource estimate for the Hawk Ridge Nickel-Copper property.

The company said that the NI-43-101 inferred resource estimate increased by 76.6 per cent from 19.63 Mt to 34.66 Mt. It also includes an update on its Hope Advance Main Zone and Hope Advance North, Gamma, and Falco 7 deposits.

Highlights:

  • Total pit-constrained inferred mineral resources at a C$35/t NSR cut-off increase by 50 per cent to 29.44 Mt at 0.20 per cent Ni, 0.52 per cent Cu, 0.012 per cent Co, 0.19 g/t Pd, 0.04 g/t Pt and 0.021 g/t Au, which equates to 0.56 per cent NiEq
  • Total out-of-pit (underground) inferred mineral resources at a C$100/t NSR cut-off are estimated at 5.22 Mt at average grades of 0.35 per cent Ni, 0.79 per cent Cu, 0.014 per cent Co, 0.23 g/t Pd, 0.06 g/t Pt, and 0.04 g/t Au, which equates to 0.88 per cent NiEq
  • Significant exploration potential remains with approximately 50 per cent of the Hawk Ridge mineralized structure and mineral occurrences being undrilled or untested and will soon be actively explored

Nickel North’s President and CEO, Tony Guo had said that this mineral resource update delivers on both of its key objectives – better definition and increased the pit-constrained mineral resource and establishing an initial mineral resource for potential underground mining.

“With a 76.6 per cent increase in total Inferred Mineral Resources, and an initial Out-of-Pit Mineral Resource, this update puts NNX in excellent position for the planning the next large drilling program to further define both high grade Out-of-Pit targets and expanding the Pit-Constrained Mineral Resources in the late 2022 to summer 2023 working seasons.”

Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE mineral resource at its Hawk Ridge Project in Northern Québec.

Nickel North Exploration Corp. (NNX) was trading steady at C$0.05.


More From The Market Herald

" Ridgeline Minerals (TSXV:RDG) amends $2.5M non-brokered private placement

Ridgeline Minerals Corp. (RDG) has amended its previously-announced non-brokered private placement for gross proceeds of up to $2.5 million.

" Independent geochemical modelling identifies Cu-Mo porphyry target at Montero’s (TSXV:MON) project in Chile

Montero Mining and Exploration (MON) received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property.

" Globex (TSX:GMX) announces resource increase

Globex Mining Enterprises (GMX) has announced a resource increase to 500,000 ounces of gold inferred on the Labyrinth Gold Project in Québec.

" Walker River (TSXV:WRR) begins re-drilling at the Lapon Gold Project

Walker River Resources (WRR) re-started reverse circulation drilling at the Lapon Gold Project, located some 60 km SE of Yerington, Nevada.