Nickel North Initiates 2014 Exploration Program at Hawk Ridge

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(i) 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). 


(i) 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


Targeting 

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
Quebec. 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. Quebec 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nickel North Exploration Corp.
604.609.6182
604.899.1240 (FAX)
info@nickelnorthexploration.com
www.nickelnorthexploration.com
Nickel North Exploration (TSXV:NNX)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024