Class 1 Nickel and Technologies Ltd. C.NICO

Alternate Symbol(s): NICLF

Class 1 Nickel and Technologies Limited is a Canada-based mineral resource company. The principal business of the Company is mining, exploration and development of minerals and base metals in Canada. It is focused on the exploration and development of its 100% owned Somanike komatiite hosted nickel-copper sulphide project in Quebec, which includes the historical Marbridge Mine. The Somanike Property consists of approximately 110 mining titles covering over 5146.06 hectares located in the Abitibi area of the Province of Quebec. The Company also owns the Alexo-Dundonald Project, a portfolio of komatiite-hosted magmatic nickel-copper-cobalt sulphide deposits located near Timmins, Ontario, which covers an area of over 1,895 hectares and comprises 95 Boundary Cell Mining Claims, Single Cell Mining Claims, Leased Claims and Patented Claims. Its River Valley PGE Project is located immediately south of New Age Metals River Valley Palladium Project, about 65 km northeast of Sudbury, Ontario.

CSE:NICO - Post by User

Class 1 Nickel and Technologies Ltd.

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Post by Betteryear2on Apr 18, 2024 10:30am

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Post# 35995812

Class 1 Nickel Provides Operations and Exploration Update

TORONTO, April 18, 2024 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce that Caracle Creek Chile SpA (“Caracle”) and their strategic partner Atticus Geoscience Consulting Ltd. (“Atticus”) (together the “Consultants”) have completed the first stage of a comprehensive independent review of both the Alexo-Dundonald and Somanike nickel projects. Work is near-complete on the delivery of an updated Mineral Resource Estimate (“MRE”) for the Alexo South Nickel Deposit, one of 4 nickel deposits on the Alexo-Dundonald Project (the “Project”), located about 45 km northeast of the City of Timmins, Ontario and covering approximately 1,895 hectares (18.95 km2). Updates to the other 3 nickel mineral resources contained within the Project will be completed over the coming months.

Class 1 Nickel Provides Operations and Exploration Update (globenewswire.com)

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