Nordic Nickel (ASX:NNL) reports it has delivered a maiden Mineral Resource Estimate (MRE) for the Hotinvaara Prospect, which is part of its flagship 100% owned Pulju Nickel Project in Finland.
The maiden MRE, which comes just weeks after listing, boasts 133.6Mt @ 0.21% Ni, 0.01% Co for 278,530t of contained Ni and 12,650t Co, is based on the potential of the near-surface disseminated mineralisation at Hotinvaara.
Speaking on the MRE, Nordic Nickel Managing Director Todd Ross, said: “The company is proud to be delivering our maiden Mineral Resource Estimate just one month after listing on the ASX.
Gaining access to the high-quality historical drill core at Hotinvaara from Outokumpu has not only confirmed the extensive disseminated nickel sulphide mineralisation and the scale of the Pulju nickel system, it has also highlighted the potential to discover bonanza grade massive sulphides at depth which is the focus of Nordic’s upcoming drilling program.
The company is proud to be delivering our maiden Mineral Resource Estimate just one month after listing on the ASX
The MRE from Hotinvaara, together with the previously announced first pass mineralogical test work program, has provided us with strong encouragement that the disseminated mineralisation at Hotinvaara can potentially be economically recovered.”
The company also notes that the exploration target, representing the extent of the Hotinvaara exploration licence area, has gained a ‘significant’ increase (now reporting 275-415Mt @ 0.17-0.25% Ni) and highlights potential to provide further ‘substantial’ resource growth.
In addition, it is reported that previously conducted test work highlights that 83-94% of total nickel is located in sulphides that possess ‘excellent’ liberation characteristics.
The Pulju Project is located about 195km from Boliden’s Kevitsa Ni, Cu, Au-PGE mine within Finland’s Central Lapland Greenstone Belt and covers a total land tenure of 395km2.
All associated tenements are wholly owned by Nordic Nickel and contains mafic-ultramafic lithologies that are analogous to the neighbouring world class 44Mt Sakatti copper-nickel-PGE deposit, owned by Anglo American.
Following delivery of the maiden MRE, Nordic announces that it will move forward with an upcoming exploration drilling program to target an ‘extensive’ nickel rich system.
