Class 1 Nickel & Technologies: Working Towards Nickel-Cobalt Sulfide Production
Class 1 Nickel & Technologies (CSE:NICO) has launched its campaign on the Investing News Network’s resource channel.
Class 1 Nickel & Technologies (CSE:NICO) has launched its campaign on the Investing News Network’s resource channel.
Class 1 Nickel is a Canadian resource company focused on the development of its 100 percent-owned Alexo Dundonald Project, which includes two past-producing high-grade nickel sulfide mines in Ontario.
The Alexo-Dundonald project is a past production operation (with historical 2.0 – 4.00 percent nickel head grade) with two high-grade nickel sulfide deposits with combined NI 43-101 and historical resources containing nickel-copper-cobalt-platinum and palladium. The project is located approximately 45 kilometers from Timmins, Ontario, a world-class mining jurisdiction with processing plants available in the area.
Class 1 Nickel is focused on bringing the Alexo-Dundonald project back into production while continuing to drill at Dundonald in order to improve its understanding of mineralization in the area.
Class 1 Nickel’s company highlights include the following:
- Flagship Alexo-Dundonald project is located 45 kilometers from the historic mining town of Timmins, Ontario which hosts critical infrastructure nearby
- Alexo-Dundonald project comprises four nickel-copper-cobalt sulfide projects, the Alexo, Kelex, Dundonald North and Dundonald South deposits
- A past production operation (with historical 2.0 – 4.00 percent nickel head grade) with two high-grade NI 43-101 nickel sulfide Mineral resources that remain open at depth and along strike (Ni-Cu-Co-PGEs)
- Assembled a strategic land package that combines the Alexo-Kelex deposits with the contiguous Dundonald projects
- Stable mining jurisdiction of Ontario provides the company with mining-friendly policies and stable governmental support
- Ontario ranked as Canada’s second-most mining-friendly jurisdiction according to the 2019 Fraser Institute annual survey of mining companies
- Insiders at Class 1 Nickel hold approximately 70 percent of shares
