Nickel Creek Platinum Corp. (TSX: NCP) has released an updated mineral resource estimate (MRE) at its wholly-owned Nickel Shäw Project located in the Yukon, Canada.
Under the revised estimate, measured mineral resource tonnage has increased by 31% to 122,363 kt and indicated mineral resource tonnage has increased by 37% to 314,332Kt. Contained Ni in measured and indicated mineral resource categories have increased 31% to 2.47Blbs.
Grades are largely unchanged with the measured and indicated mineral resource grades at 0.26% Ni, 0.13% Cu, 0.014% Co, 0.23g/t Pd, 0.22g/t Pt and 0.04g/t Au.
“The updated mineral resource estimate for the Nickel Shäw Project represents an important milestone in the path towards developing a large, long-life operation and puts us in excellent position for the delivery of our pre-feasibility study (PFS) in Q3 2023,” President and CEO, Stuart Harshaw, said.
The 2023 mineral resource estimate includes the addition of tonnes in both the measured and indicated categories relative to the company’s last mineral resource estimate.
The results from the company’s 2022 drilling campaign (comprising 8 holes totalling 1,710m), along with updated metal pricing and revised pit constraints, supported the update to mineral resources at the Nickel Shäw Project. In addition, variability metallurgical testwork was completed on a series of core samples collected in 2022, allowing for a refinement of the recovery formula.
This Mineral Resource Estimate was prepared by AGP Mining Consultants Inc. in accordance with CIM Definition Standards on Mineral Resources and Reserves.
For further information please visit: https://www.nickelcreekplatinum.com/
