|July 08, 2014|
Nickel North Initiates 2014 Exploration Program at Hawk Ridge
|<p>VANCOUVER, BRITISH COLUMBIA - Nickel North Exploration Corp. (TSX VENTURE:NNX) (the "Company" or "Nickel North") announces the commencement of exploration activities at its 100% owned Hawk Ridge Ni-Cu-PGE Project in Northern Quebec.|
As of July 1, 2014, technical personnel have been mobilized to site and field crews have initiated exploration activities. The principal objective for the 2014 exploration program is the identification and assessment of new high-grade Ni-Cu-PGE targets similar in tenor and geological setting to the Pio prospect; where a historic, non 43-101 compliant resource* calculation (Lone Star Mining, 1974) estimated 7260 tonnes grading an average of 6.9% Cu and 0.3% Ni from the East vein and 9662 tonnes grading an average of 6.6% Cu and 3.2% Ni In the West Vein, and; the Gamma prospect where DH-2012-03, returned an intercept 4.67% Cu, 2.84% Ni, 0.09% Co, with 1.31 g/t PGE + Au over 1.86m (see news release dated December 4, 2012 and NI43-101 Technical Report for Hawk Ridge Project, Quebec - April 30, 2012).
* Qualified persons have not done sufficient work to classify the historical estimate, as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or mineral reserves
Recent compilation studies have indicated high-grade mineralization on the Hawk Ridge property is associated primarily with sedimentary sulphides. Known metalliferous sedimentary sulphide zones on the property are Pio, Gamma and Hopes Advance North. Exceptions to this is style of mineralization have been described from the property and are illustrated by the high-grade intercept from the Gamma zone (see above and news release December 2, 2012) which is recognized as high grade magmatic sulphide mineralization.
The data indicate potential exists for additional discoveries of both high-grade ore types within the known mineralized belts on the Hawk Ridge Project
Exploration Field Work
The exploration program is will be rolled out in phases with the initial fieldwork focused on ground proofing targets generated through recent desk-top studies. Mutli-element geochemical analyses of bedrock mineralization using handheld, portable XRF devices, geological mapping and sampling of targeted prospects are expected to be employed to qualify all potential target zones for follow-up ground geophysical surveys and diamond drilling. Additional Ground PEM surveys and diamond drilling are expected to be considered for inclusion as part of the 2014 exploration program based the on the results of the initial fieldwork and recommendations from Qualified Persons.
Exploration targets that are expected to be the focus of the 2014 exploration program include; the Pio Lake, Crosson Lakes, Horseshoe, Lambda Lakes, Schindler Lake and Gamma Extension and Fold prospects.
Phillip Mudry, P.Geol., Senior Project Geologist for the Hawk Ridge Project has reviewed and approved the contents of this news release and is a Qualified Person.
About Nickel North Exploration Corp.
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-PGE mineral resource at its Hawk Ridge Project in Northern Québec. The board of directors, advisor committee and management team are experienced, successful mine finders. The property consists of a 50 km long belt of magmatic Cu-Ni-PGE occurrences covering 30,658 hectares. The project is located near tidewater. Québec is a mining friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains good relations with local Inuit communities and is committed to sustainable development. For more information on the company, please visit www.nickelnorthexploration.com.
On behalf of Nickel North Exploration Corp.
Andrew Lee Smith, Interim President and CEO
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 that potential exists for additional discoveries of both high-grade ore types within the known mineralized belts on the Hawk Ridge Project; the exploration program is planned to be rolled out in phases with the initial field work focused on ground proofing targets generated through recent desk-top studies; mutli-element geochemical analysis bedrock mineralization using handheld, portable XRF devices, geological mapping and sampling of targeted prospects are expected to be employed; additional Ground PEM surveys and diamond drilling are expected to be considered for inclusion as part of the 2014 exploration program; and the Company's statement regarding the exploration targets. 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.
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.
Nickel North Exploration Corp
<a href="mailto:[email protected]?subject=from%20PR">[email protected]</a>
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