24 Nov 2020 Class 1 Nickel Prioritizes Newly Identified VTEM Conductor Anomalies for Upcoming Drilling Campaigns at Alexo-Dundonald
- Four Priority 1 VTEMTM anomaly nickel targets identified within favourable 14 km long folded komatiite unit that hosts four high-grade nickel sulphide deposits
- Detailed geological interpretation and drill program planning is now underway for both extension drilling to the known resources and new high impact discovery drilling of the high priority VTEMTM anomalies recently identified
- A much larger mineralised system is now believed to be present at Alexo-Dundonald
Toronto, 24 November 2020 – Class 1 Nickel and Technologies Limited (“Class 1 Nickel” or the “Company”) (CSE: NICO) is pleased to announce quantitative modelling results for the preliminary VTEMTM anomalies on its Alexo-Dundonald Nickel Sulphide Project (the “Project” or Property”), 45 km northeast of Timmins, Ontario (Canada). The VTEMTM survey was flown over the entire 20 square-km land package (1,012 line-km) to detect electromagnetic and magnetic signatures that could aid identification of new deposits and extensions of known deposits.
The four known nickel sulphide deposits on the property (Alexo North, Alexo South, Dundonald North and Dundonald South) were all detected in the VTEMTM survey.