VANCOUVER, BC, Jan. 21, 2021 /CNW/ -- Nickel Rock
Resources Inc. ("the Company") (TSXV: NICL) (OTCQB:
NIKLF) is pleased to report that prior to implementing a
reconnaissance drilling campaign on its 100% owned Clayton Valley
Project adjoining a western portion of neighbouring lithium
producer Albemarle's evaporation ponds a staking program is now in
progress. This new staking program is expanding our current land
position and targeting known sedimentary horizons with potential
for lithium bearing clay horizons.
Momentum for this new program stems from Albemarle's recent
announcement that it will commence exploration of clay and evaluate
technology that could accelerate the viability of lithium
production from clay resources in the region. As reported by
Albemarle in the Globe & Mail on January
11, 2021 "As a leader in the lithium industry, our priority
is to optimize our world-class resources and production. This
includes Silver Peak, a site uniquely positioned as the only
lithium-producing resource in the United
States," said Eric Norris,
Albemarle President, Lithium. "This investment in domestic capacity
shows that we are committed to looking at the many ways in which
Silver Peak can provide domestic support for the growing EV
market."
Robert Setter, President &
CEO comments" It is apparent that lithium extraction in Clayton
Valley from both lithium brine and lithium clays is fast becoming a
reality and Nickel Rock needs to be part of that reality. In the
months ahead we will complete our first reconnaissance drilling
campaign to evaluate the potential for lithium bearing brines as
well as lithium bearing clays. We are excited to begin this
journey on the property."
Qualified person
Alan Morris is a qualified person
as defined by National Instrument 43-101 and has approved the
technical information contained within this news release.
About Nickel Rock Resources Inc.
Nickel Rock Resources is a Canadian-based mineral exploration
company with a highly focused effort on exploration for high-value
battery metals required for the electric vehicle (EV) market. The
company recently announced several acquisitions resulting in a
significant property package prospective for awaruite, a naturally
occurring nickel-iron alloy important in the manufacture of
environmentally efficient batteries for the electric vehicle
markets globally.
Lithium Project
The 100% owned Clayton Valley Project is an early-stage lithium
brine prospect in Esmeralda
county, Nevada. A total of
77 placer claims covering about 640 hectares (1,500 acres) were
staked over the western side of the Clayton Valley playa. The
property position covers an inferred graben bounded by the Silver
Peak range front on the west and Goat Island on the east. The
exploration concept is the graben is a subbasin of the larger
Clayton Valley basin and may represent a secondary trap for lithium
brines within the greater system.
Nickel Projects
The Mount Sidney Williams Group consists of five claim blocks in
four groups with a total area of 6,125.32 hectares in the area
surrounding Mount Sidney Williams, both adjoining and near the
Decar project of FPX Nickel Corp., located 100 kilometres northwest
of Fort St. James, B.C., in the
Omineca mining division. Metallic mineralization includes nickel,
cobalt and chromium. At least some of the nickel mineralization
occurs as awaruite.
The Mitchell Range Group area claim consist of two contiguous
claim blocks covering 3,134.70 hectares with demonstrated metallic
mineralization including nickel, cobalt and chromium. Nickel-cobalt
mineralization has not been well explored, but the presence of
awaruite has been documented. The company is planning detailed
exploration for the upcoming exploration season. The acquisition of
the Hard Nickel group and the Nickel 100 claims are subject to TSX
Venture Exchange approval.
Lithium projects
On Behalf of the Board of Directors
"Robert Setter"
Robert Setter, President &
CEO
Nickel Rock Resources Inc.
1220 – 789 West Pender Street
Vancouver, BC, Canada V6C 1H2
604- 428-5690
www.nickelrockresources.com
info@nickelrockresources.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements which include, but are not limited to,
comments that involve future events and conditions, which are
subject to various risks and uncertainties. Except for statements
of historical facts, comments that address resource potential,
upcoming work programs, geological interpretations, receipt and
security of mineral property titles, availability of funds, and
others are forward-looking. Forward-looking statements are not
guaranteeing future performance and actual results may vary
materially from those statements. General business conditions are
factors that could cause actual results to vary materially from
forward-looking statements.
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SOURCE Nickel Rock Resources Inc.