VANCOUVER, BC, Jan. 14, 2021 /CNW/ -- Nickel Rock Resources Inc.
("the Company") (TSXV: NICL) (OTCQB: NIKLF) reports that
preparations are currently underway to conduct a shallow drilling
program, up to 125 m or 400 feet on
its Clayton Valley project at Silver Peak, Nevada. Estimates
for the drilling costs are currently being evaluated with a
possible start date in early March. The Company is fully
funded for this program.
Neighbouring lithium producer Albemarle, a leader in the global
specialty chemicals industry, announced on January 7th, 2021 plans to expand
capacity at their lithium production facility at Silver Peak,
Nevada. In addition, it will begin a program to evaluate clays
and other available Nevada
resources for commercial production of lithium. Albemarle said that
beginning in 2021, the company plans to invest $30 million to $50
million to double the current production at the Nevada site by 2025, making full use of its
brine water rights. (refer to Albemarle news release dated
January 7, 2021)
Qualified Person
Alan Morris is a Qualified Person
as defined by National Instrument 43-101 and has approved the
technical information contained within this news release.
About Nickel Rock Resources Inc.
www.nickelrockresources.com
Nickel Rock Resources is a Canadian-based mineral exploration
company with a highly focused exploration for high-value battery
metals required for the electric vehicle (EV) market. The company
recently announced several acquisitions resulting in a significant
property package prospective for awaruite, a naturally occurring
nickel-iron alloy important in the manufacture of environmentally
efficient batteries for the electric vehicle markets globally.
Nickel Projects
The Mount Sidney Williams group consists of five claim blocks in
four groups with a total area of 6,125.32 hectares in the area
surrounding Mount Sidney Williams, both adjoining and near the
Decar project of FPX Nickel Corp., located 100 kilometres northwest
of Fort St. James, B.C., in the
Omineca mining division. Metallic mineralization includes nickel,
cobalt and chromium. At least some of the nickel mineralization
occurs as awaruite.
The Mitchell Range group area claim consist of two contiguous
claim blocks covering 3,134.70 hectares with demonstrated metallic
mineralization including nickel, cobalt and chromium. Nickel-cobalt
mineralization has not been well explored, but the presence of
awaruite has been documented. The company is planning detailed
exploration for the upcoming exploration season. The acquisition of
the Hard Nickel group and the Nickel 100 claims are subject to TSX
Venture Exchange approval.
Lithium Projects
The Clayton Valley project is an early-stage lithium brine
prospect in Esmeralda county,
Nevada. A total of 77 placer
claims covering about 640 hectares (1,500 acres) were staked over
the western side of the Clayton Valley playa. The property position
covers an inferred graben bounded by the Silver Peak range front on
the west and Goat Island on the east. The exploration concept is
the graben is a subbasin of the larger Clayton Valley basin and may
represent a secondary trap for lithium brines within the greater
system.
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
guaranteeing 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.
Contact:
604- 428-5690
www.nickelrockresources.com
info@nickelrockresources.com
View original
content:http://www.prnewswire.com/news-releases/nickel-rock-prepares-work-program-to-investigate-lithium-clays-at-clayton-valley-301208253.html
SOURCE Nickel Rock Resources Inc.