Nordic Nickel

High-Grade Nickel Sulphide Intersected Outside Mineral Resource

Up to 2.4% nickel intersected in addition to multiple disseminated nickel sulphide intersections of up to 195m

Nickel sulphide explorer Nordic Nickel Limited (ASX: NNL; Nordic, or the Company) is pleased to report further significant assay results received from drilling completed at its 100%-owned flagship Pulju project, situated in Northern Finland (Pulju, or the Project) within the Central Lapland Greenstone Belt (CLGB). The Company completed 28 diamond drill holes for 15,432m as part of its maiden drilling program at the Project.


HIGHLIGHTS

  • Assays from nine (9) diamond drill holes continue to return extensive zones of nickel sulphide mineralisation, including zones of higher-grade massive stringer sulphides.
  • Assay highlights include:
    • HOT026
      • 41.1m @ 0.25% Ni from 296.9m (incl. 0.45m @ 2.4% Ni, 0.11% Co); and
      • 100m @ 0.21% Ni from 353m (incl. 0.55m @ 1.17% Ni, 0.05% Co)
    • HOT021
      • 195m @ 0.21% Ni from 10m; and
      • 107.9m @ 0.17% Ni from 330m
    • HOT018
      • 184m @ 0.21% Ni from 34m
    • HOT023
      • 141.75m @ 0.22% Ni from 35.85m (incl. 2m @ 0.80% Ni, 0.04% Co)
    • HOT020
      • 122m @ 0.21% Ni from 92m; and
      • 132.3m @ 0.22% Ni from 347m
    • HOT014
      • 102.37m @ 0.20% Ni from 137.63m

(See Table 1 and Appendix 1 for details)

  • Results reinforce the potential for high-grade, semi-massive and massive nickel sulphides within the extensive areas of disseminated nickel sulphide mineralisation at Hotinvaara.
  • Partial leach assaying confirms the predominance of nickel sulphide in the assays received to date.
  • Hotinvaara Prospect represents just 2% of the total prospective mineralised belt within the broader Pulju Project.
  • Assay results pending for an additional five drill holes from the Phase 1 drilling program at Hotinvaara.
  • Updated MRE scheduled for completion by the end of 2023.
New assays have been received for a further nine drill holes, which were designed to expand the limits of the current resource and target a series of modelled geophysical anomalies (electromagnetic (EM) and magnetic).

Principally, these results have confirmed and expanded the footprint of the extensive zones of disseminated nickel sulphide mineralisation at the Hotinvaara Prospect. Additionally, step-out drilling to the south (HOT026) has demonstrated a large extension of the mineralised system and that the targeting of geophysical anomalies is an effective (Figure 1, Table 1 & Appendix 1).

Figure 1. Collar plan showing Nordic’s drilling (green dots) and historical drilling (black dots). Drill holes reported in this release highlighted in green text. Composite assay intersections highlighted (cut-off:>1,500ppm Ni-total; max. 6m internal dilution). Cross-sections A – A’, B – B’, C – C’, D – D’, E – E’ and F – F’ see Figs. 2 – 7.

Management Comment

Nordic Nickel Managing Director, Todd Ross, said: “We are very encouraged to see zones of high- grade nickel sulphide in these latest assays associated with the extensive zones of disseminated mineralisation which we have been consistently intersecting.

“The Phase 1 drilling program has been extremely successful in confirming and expanding the known mineralised footprint at Hotinvaara, laying the foundations for a resource upgrade due by the end of this year. In particular, the strong correlation of magnetic anomalism with nickel sulphide mineralisation is extremely encouraging as we look to both expand the existing resource and discover larger accumulations of massive sulphides.

“As our understanding of the mineralised system advances, we will be in a strong position to build on the results of the Phase 1 drilling and target new discoveries, both within, and external to, the Hotinvaara licence area. In the meantime, shareholders can look forward to consistent further news-flow as we await final assays from the drilling, an updated MRE and metallurgical testwork results.”


Click here for the full ASX Release

This article includes content from Nordic Nickel, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

NNL:AU
Nordic Nickel

Nordic Nickel Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Nordic Nickel

Nordic Nickel


Keep reading...Show less
Diagonal rows of nickel rolls.

Top 3 ASX Nickel Stocks of 2024

With its diverse applications in both technology and industry, nickel is a metal that will never go out of style.

Nickel is commonly used in alloys to create stainless steel, but more recently has found a modern use: batteries. As the electric vehicle trend gains steam, the base metal is in high demand for its role in lithium-ion batteries.

Nickel has encountered much volatility in the past few years. Prices spiked abruptly to a record US$100,000 per tonne in March 2022, prompting the suspension of trading on the London Metal Exchange.

Keep reading...Show less
Blackstone Minerals

Funds Received from Partial Sale of Codrus Shares

Blackstone Minerals Limited (ASX: BSX) (“Blackstone” or the “Company”) is pleased to announce that it has received A$0.9 million from the sale of 25 million Codrus Minerals Limited (ASX: CDR) (“Codrus”) shares through broker facilitated off market transfers.

Keep reading...Show less
Price chart with "nickel" overlay.

Nickel Price Update: Q1 2024 in Review

At the start of the year, experts were predicting that nickel prices would be rangebound in 2024.

With the first quarter in the books, that story seems to largely be playing out. After opening the year at US$16,600 per metric ton (MT) on January 2, nickel was stable during January and February. However, March brought volatility to the sector, with strong gains pushing the base metal to a quarterly high of US$18,165 on March 13.

Nickel's price rise failed to hold, and it once again dropped below the US$17,000 mark by the end of the month. Ultimately, the metal fell to US$16,565 on March 28, resulting in a slight loss for the quarter.

Keep reading...Show less
Ramp Metals CEO Jordan Black.

Ramp Metals CEO Shares 2024 Drill Plans for Rottenstone Project in Saskatchewan

Ramp Metals (TSXV:RAMP) CEO Jordan Black discussed the company's veteran team of geologists and advisors, and its plans for drilling at its Rottenstone SW nickel-copper-platinum project in Northern Saskatchewan, Canada, to better understand the property’s subsurface geology.

The project's Rottenstone Eye structure is believed to be a major feeder chamber with conductive targets showing striking similarities to the geophysical response of the Nova-Bollinger deposit in Western Australia, which was discovered by geologist Dr. Mark Bennett and his team and later sold for AU$1.8 billion.

After Ramp discovered the similarities between the Rottenstone Eye and the Nova Eye structure at Nova-Bollinger, the company contacted Bennett to get his thoughts about its project. Bennett joined the team as a strategic advisor.

Keep reading...Show less
Pivotal Metals

MT Survey Outlines Large Undrilled Conductive Anomalies and an Extensive Host Horizon at BAGB

Pivotal Metals Limited (ASX:PVT) (‘Pivotal’ or the ‘Company’) is pleased to provide results and interpretation from the magnetotelluric (“MT”) survey conducted across the Alotta and Midrim areas of its 100% owned Belleterre Angliers Greenstone Belt “BAGB” projects in Quebec, Canada.

Keep reading...Show less
Nordic Nickel

Nordic Nickel Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×