|June 10, 2013|
Nickel North Commences $5 Million Drill Program on Hawk Ridge Project
|For Immediate Release|
June 10th, 2013
Nickel North Exploration Corp. (NNX -- TSX-Venture Exchange) (the "Company" or "Nickel North") is pleased to announce that it has commenced drilling on the Company's 100% owned Hawk Ridge Project located in northern Quebec. The $5 Million exploration program planned entirely for Hawk Ridge will include approximately 7,000 meters of diamond drilling utilized in two phases. The first phase, consisting of approximately 4,000 meters of drilling, will focus on exploring for high-grade, Raglan-style mineralization. The second phase will involve definition drilling of approximately 3,000 meters and focus on expanding upon the Company's preliminary resource estimates (completed in spring 2013) done on the two intermediate-grade, large tonnage targets of Hopes Advance Main and Gamma zone. One of the main objectives for this year's exploration program is working towards a NI 43-101 resource calculation.
Phillip Mudry, Nickel North's President and CEO stated "we are very excited to begin drilling on high-grade semi-massive to massive sulphide targets in areas with little or no previous drilling. Our strategy combines the latest techniques used in geophysics and 3D modelling for magmatic nickel copper exploration."
About Nickel North Exploration Corp.
Nickel North Exploration Corp. is a Canadian based exploration company whose shares trade on the TSX Venture Exchange under the symbol NNX. The board of directors, advisory committee and management team feature highly experienced mining professionals and technical experts with an extensive history of mineral discovery and mine development; corporate finance and capital markets; as well as corporate mergers, acquisitions and take-overs. Nickel North Exploration Corp. is a conscientious corporate citizen, maintains good relations with First Nations, and is committed to sustainable development. The Company's corporate mission is to become a pre-eminent supplier of nickel, copper and Platinum Group Elements for domestic and global export markets.
For more information, please visit www.NickelNorth.com, or contact Corporate at 604-609-6182 and/or email: [email protected]
ON BEHALF OF NICKEL NORTH EXPLORATION CORP.
President and Chief Executive Officer
The technical information in this news release has been reviewed by Phillip Mudry, P.Geol, Nickel North's President and CEO, and a qualified person as defined by National Instrument 43-101. The Hawk Ridge NI 43-101 technical report has been filed on SEDAR and is available on the company's website.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Statements
All statements, other than statements of historical fact, included herein are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements in this news release include statements gabbro-ultramafic contact zone is a well-known igneous metallogenic process for generating immiscible sulphides, and suggests that the sulphide mineralization at Hawk Ridge, which forms in and about the gabbro-ultramafic contact is the result of a large scale property-wide mixing of two compositionally diverse magmas; the same type of transition in the nature of the sulphide mineralization from disseminated to semi-massive to massive is well documented in the magmatic "plumbing" system passing from the "Feeder Dyke" to the "Ovoid" and "Eastern Deeps" at Voisey's Bay; has revealed a new target of high-grade Cu-Ni sulphide mineralization not previously exploited; planning for a much larger campaign in 2013. Forward looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from the Company's expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
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