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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 0.0
NNX On Other Exchanges
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Exchange
Venture
As of 3:19 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

nickel north exploration cor (NNX) Snapshot

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Market Cap
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Shares Outstanding
65.7M
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nickel north exploration cor (NNX) Details

Nickel North Exploration Corp. operates as a resource exploration company in Canada. It owns 100% interests in the Hawk Ridge Ni-Cu-PGM property that consists of 429 mineral claims covering an area of 18,700.4 hectares and is located to the northwest of Kuujjuak, Ungava Bay region, Quebec. The company was formerly known as Orient Venture Capital Inc. and changed its name to Nickel North Exploration Corp. in July 2012. Nickel North Exploration Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

nickel north exploration cor (NNX) Top Compensated Officers

Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$89.8K
Compensation as of Fiscal Year 2013.

nickel north exploration cor (NNX) Key Developments

Nickel North Exploration Corp. Announces Initial Diamond Drill Results from 2014 Exploration Program at the Hawk Ridge Project, Northern Quebec

Nickel North Exploration Corp. announced initial diamond drill results from the company's 2014 exploration program at the Hawk Ridge Project, northern Quebec. Highlights from the initial drill results at Hawk Ridge include; Gamma Zone magmatic sulphide intersection: 7.01 metres of magmatic sulphides grading 2.11% Ni, 2.73% Cu and 0.62 grams PGE's per tonne from 60.5 metres drill depth, including; 4.35 metres at 3.37% Ni, 4.28% Cu and 0.86 grams PGEs per tonne, and; 3.35 metres at 4.24% Ni, 4.70% Cu and 0.95 grams PGEs per tonne. Hole HR-2014-50 was drilled approximately 50 m north of HR-2012-03. HR-2012-03 intersected 1.86m grading 2.84% Ni, 4.67% Cu and 1.31 grams PGE's per tonne of Gamma Zone magmatic sulphides in 2012. The results from HR-2014-50 indicate both the Ni concentration and widths of the massive sulphide intersection have increased considerably northwards along strike. The Gamma Zone occurs in the central part of the Hawk Ridge property. On surface the mineralized horizon can be followed for at least 850m along strike, and expands in width from <10m in the extreme southern portion of the zone to approx. 30m in the north. The mineralized zone consists of medium-to-coarse-grained interstitial Cu-Ni-PGE magmatic sulphides and disseminated sulphides in a coarse-grained gabbro. Drilling in 2013 confirmed that the mineralized horizon maintains it mineralogical character and metal grades and widths down-dip for at least 380m. The 2013 deep resource holes were approximately 250 m east of the 2012 holes and confirmed the down-dip extension of the mineralization over a strike length of at least 570m. Massive Ni-Cu-PGE sulphide concentrations are found flanking the southern end of the Gamma Zone. This mineralization is associated with surface gossans. In 2012 hole HR-2012-03 was drilled to investigate the surface gossanous material and intersected 1.86m grading 2.84% Ni, 4.67% Cu and 1.31 grams per tonne PGE's. HR-2014-50 was drilled approximately 50 m north of HR-2012-03. The 7.01m mineralized intersection in HR-2014-50 averaged 2.11% Ni, 2.73% Cu, 0.62 grams PGE's per tonne (3.33% Ni EQ(4)). Included in this intersection is 3.35m of massive sulphide averaging 4.24% Ni, 4.70% Cu and 0.95 grams PGE's per tonne, (6.33% Ni EQ(4)). If one includes the semi-massive sulphide interval in the immediate footwall to the above, one gets 4.35m averaging 3.37% Ni, 4.28% Cu and 0.86 grams PGE's per tonne (5.26% Ni EQ(4)). These intersections are believed to be near true thicknesses. Comparison of grade and thickness intersected in HR-2012-03 to the south demonstrates that both the Ni concentration and widths of the massive sulphide intersection in HR-2014-50 have increased considerably northwards. Drill hole HR-2014-49 was collared 42m east and 10m south of HR-2014-50 and was drilled prior to HR-2014-50. HR-2014-49 intersected 8.50m of 0.13% Ni, 0.51% Cu, 0.147 grams PGE's per tonne, (0.36% Ni EQ(4)). Included in this intercept is 3.50m of 0.21% Ni, 0.71% Cu and 0.181 g/t grams PGE's per tonne, (0.52% Ni EQ(4)). This mineralization and host-rock is typical of the bulk of the Gamma Zone mineralization. HR-2014-50 was drilled to follow-up a highly conductive borehole geophysical response detected above, and to the north of the HR-2014-49. Examination of geological and geophysical data together with the northward thickening massive sulphide intersections in holes HR-2012-03 and HR-2014-50 suggest the high-grade Ni-Cu-PGE massive sulphides are a lens-like concentrations of magmatic mineralization that plunges down the east side of the laterally extensive Gamma Zone mineralized horizon.

Nickel North Exploration Corp. Initiates 2014 Drill Program at Hawk Ridge

Nickel North Exploration Corp. announced the initiation of the Phase II exploration drill program at its 100% owned Hawk Ridge Nickel-Copper-Platinum Group Element (Ni-Cu-PGE) Project in Northern Quebec. The $1.4 million Phase II work program will include 1,000 metres of diamond drilling, ground geophysical and geochemical surveys in addition to ongoing Niton surveys, prospecting and geological mapping of key target areas. The objective of the second phase of exploration is to drill test priority, high-grade Ni-Cu-PGE targets that have been previously identified or discovered during the first phase of the 2014 exploration program. Phase I Results: Work completed in the first phase of the 2014 exploration program has consisted of systematic Niton portable XRF (Niton) prospecting, sampling and mapping to further assess and define Ni-Cu-PGE prospects within the Hawk Ridge property. To date, 2,788 Niton stations have been collected on a number of VTEM conductors, showings and intrusions along a 126 square kilometre area of interest in the central portion of the property. This work is partially complete, with current investigations being expanded to previously unsurveyed portions of the property. Initial results have provided some new insight as the key criterion for identifying and prioritizing high-grade Ni-Cu-PGE mineralization at Hawk Ridge. Exploration work has also identified new Ni-Cu-PGE showings of importance. The recently discovered "Brad Zone", is a Ni-rich Zone with magmatic affinity and is spatially associated with the enigmatic high-grade Pio Lake Ni-Cu-PGE deposit. The newly discovered zone is 500m east of the Pio deposit and is defined by a 1.0 to 1.2 km long trend of massive and sheared ultramafic rocks contain disseminated magmatic sulphides. Phase II Exploration: The Brad Zone and Lucille prospect, along with other magmatic and high-grade Ni dominant occurrences, are priority exploration targets which the Phase II program is been designed to test with geophysics and a limited amount of drilling. Conditional on successful completion of the geophysical surveys and further target prioritization, the drilling program is expected to test subsurface mineralization at; the Brad Zone, the recently discovered Lucille Ni-Cu-PGE prospect, the Hopes Advance North high-grade Ni-Cu-PGE rich occurrence and down-dip extension potential, and the Gamma Zone high grade massive Ni-Cu-PGE sulphide body and its possible down-dip extension.

Nickel North Exploration Corp. Announces Resignation of Michael S. Cathro as Director of the Company

Nickel North Exploration Corp. announced the resignation of Michael S. Cathro as a director of the Company.

 

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