VANCOUVER, BC, Feb. 10, 2021 /CNW/ -- Nickel Rock Resources
Inc. ("the Company") (TSX-V: NICL) (OTCQB: NICKLF) is
pleased to announce that our consultant has filed a Notice of
Work application for a multi-year area-based work permit for Nickel
Rock Resource's Nickel Project. The Company's prospective land
position adjoins to the west of the Decar Nickel Project owned by
FPX Nickel Corp. The Company now controls a 100% interest in over
13,704 hectares in the district.
nickelrockresources.com/hardnickelgroup.
The proposed work program consists of trenching, surface
exploration diamond drilling, camp construction, and other
exploration activities such as soil sampling, rock sampling,
prospecting, and geological mapping. The company proposes a 12-man,
helicopter-supported camp to be built in a cirque on the north
slope of the un-named mountain immediately west of Mount Sydney
Williams next to a sub-alpine lake at the headwaters of
Van Decar Creek. The camp location
was selected based on past exploration camps at this same location
and will be used to accommodate field personnel.
About the Hard Nickel Project
The subject claims are partially underlain by rocks like those
hosting the Decar project of FPX Nickel where mineralization
includes nickel, cobalt, and chromium. Previous exploration
suggests that at least some of the nickel mineralization occurs as
awaruite which is a naturally occurring nickel-iron alloy important
in the manufacture of environmentally efficient batteries for the
electric vehicle markets globally. The mineral awaruite is both
highly magnetic and very dense and is therefore amenable to
concentration by mechanical processes including magnetic and
gravity separation. This style of deposit is unique and presents
considerable metallurgical and processing cost saving
advantages.
Significantly, the awaruite found is found in a serpentinized
ultramafic rock. In 2018, G. Dipple at the University of British Columbia began the Geoscience
BC funded research project "Carbon Mineralization Potential
Assessment for BC" scheduled for completion in early 2021. In late
2020 a preliminary assessment report was published. One of the key
items from the report was "The use of reactive serpentinite
tailings from nickel mining as a carbon sink has the potential to
make nickel mining carbon neutral or a net carbon sink." The
presence of serpentinized ultramafic rocks has been repeatedly
documented in the areas covered by the claims of the Nickel Rock
Projects, as well as at FPX Nickel Corp.'s Decar Project (Dipple,
G. et.al., Geoscience BC Report 2020-15).
The Company has seen the commodity spot price for nickel to be
in a steady uptrend while world stockpiles have been on the decline
and EV manufacturers are calling for more supply of nickel because
nickel quantities are increasing in batteries as they increase the
amount of charge a battery can hold, thus allowing the EV's to
travel greater distances. One such company is Tesla Inc.
(NASDAQ: TSLA), the world's leading EV manufacturer. Tesla's
Founder, Elon Musk, stated that a
large contract would be signed if a company could produce nickel
with a lowered carbon footprint by using more environmentally
friendly ways of mining. His comments made waves in the
nickel space and several juniors have benefited from his comments
and surged 2 to 3 times their value.
Clayton Valley Project, Silver Peak, Nevada
The Company is exploring for lithium clays and brines within its
project area of 118 claims covering over 930 hectares (2,300
acres). The property stretches in a northwest direction from
the evaporation ponds of Albemarle Corporation. It has been
widely reported that Albemarle is planning to double its
lithium production by 2025 by committing between US$30 million and US$50
million in additional investment on the property. In 2021,
Albemarle plans to commence exploration of clay and evaluate
technology that could accelerate the viability of lithium
production from clay resources in the region.
Clayton Valley lithium
mineralization occurs both in brine and in montmorillonite clays
within sediments to a depth of over 150 meters. Recent
metallurgical testing indicates low-cost processing can be achieved
by leaching with low acid consumption (125 kg/t) resulting in
lithium recoveries of over 85%. These high extractions prove
the dominant lithium-bearing minerals present are not hectorite, a
refractory clay mineral which requires roasting and/or high acid
consumption to liberate the lithium. Testing by other
companies on their lithium clay properties, including Lithium
Americas (Thacker Pass Project, Nevada), Bacanora Minerals (Sonora Project,
Mexico), Ioneer (Rhyolite Ridge
Project) and Cypress Development (Clayton Valley Project) have all
indicated that economic extraction of the lithium may well be
possible.
Qualified Person
Jacques Houle, P.Eng., a
qualified person as defined by NI 43 - 101, is responsible for the
technical information contained in this release. Readers are
cautioned that the information in this press release regarding the
property of FPX Nickel Corp is not necessarily indicative of the
mineralization on the property of interest.
About Nickel Rock Resources
Inc. www.nickelrockresources.com
The Company is a Canadian-based mineral exploration company
active in the exploration for nickel-iron alloy in British Columbia and lithium in
Nevada. Nickel Rock Resources Inc. is a Canadian based
exploration company whose primary listing is on the TSX Venture
Exchange. The Company's maintains a focus on exploration for
high value battery metals required for the electric vehicle (EV)
market.
On Behalf of the Board of Directors
"Robert Setter"
Robert Setter, President &
CEO
604- 428-5690
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
guarantees of 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.
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
info@nickelrockresources.com
www.nickelrockresources.com
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SOURCE Nickel Rock Resources Inc.