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nickel north exploration cor (NNX) Snapshot

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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 Executive Officer and President
Total Annual Compensation: C$95.0K
Vice President of Finance
Total Annual Compensation: C$20.0K
Compensation as of Fiscal Year 2012.

nickel north exploration cor (NNX) Key Developments

Nickel North Exploration Corp. Announces Resignation of Min Kuang as Board of Directors

Nickel North Exploration Corp. announced the resignation of Min Kuang from the Board of Directors of the company.

Nickel North Exploration Corp. Announces Exploration Results of the Final Phase of 2013

Nickel North Exploration Corp. announced the results of the final phase of its 2013 exploration program on the company's 100% owned Hawk Ridge Cu-Ni-PGE project in northern Québec. The program was very successful in that significant Cu-Ni-Pd-Pt-Au mineralization associated with the mafic-ultramafic Montagnais Group sills was intersected during drilling in five separate areas across the property (the Hopes Advance North Zone, Hopes Advance Main Zone, Falco 7 Zone, Gamma Zone and the Mak I Zone). In four of these separate magmatic sulphide mineralized zones, mineralization occurs in two settings associated with the Montagnais Group mafic-ultramafic sills. Setting 1 mineralization spans the contact between ultramafic units and the underlying glomeroporphyritic gabbro. Setting 2 mineralization occurs at the base of the sills along the footwall contact with the sulphidic paraschist. In the Mak I Zone, mineralization is confined to two pyroxenite units. The company is particularly excited about the newly-discovered Falco 7 Zone in the north end of the property close to Aupaluk, which is comprised of a shallow-dipping kilometre-scale mafic-ultramafic sill containing layered sulphide-mineralized intervals which returned some of the high grade Cu-Ni-Pd-Pt-Au assays from this year's drilling. The new Falco 7 zone of mineralization has a drilled strike length of the central portion approximately 1.6 kilometres, however drilling, mapping and geophysics demonstrate that it is open along strike for at least several more kilometres. The maximum down-dip extension is approximately 500 metres at a depth of 150 metres from surface. Two of the best composite Cu-Ni-Pd-Pt and Au grades and thickest intervals of mineralization at the Falco 7 Zone occur around drill-holes HR-2013-18 grading 0.45% Cu, 0.16% Ni, and 0.24 g/t Pd+Pt+Au or 0.95% CuEq over 19.5 metres (true width for Falco 7 Zone drill-holes is approximately 97% of shown), and HR-2013-26 grading 0.35% Cu, 0.17% Ni and 0.24 g/t Pd+Pt+Au or 0.87% CuEq over 21.00 metres. These two holes (over 350 meters apart) define a representative section across the width of the intrusion in the central portion of the Falco 7 Zone. HR-2013-20, grading 0.47% Cu, 0.14% Ni and 0.27 g/t Pd+Pt+Au or 0.95% CuEq over 13.35 metres is approximately 250 metres along strike south and down-dip from HR-2013-18. The relatively simple and, therefore, predictable stratiform nature of the Falco 7 Zone geology and mineralization facilitated exploration drilling with confidence on approximately 200 metre centres during the 2013 program. Hopes Advance Main Zone -- The mineralization at the Hopes Advance Main Zone has a strike of at least 950 metres and a down-dip extension from surface of 495 metres. HR-2013-16 intersected the down-dip extension of the both settings of mineralization; however, only setting 1 had significant grades. These two mineralized zones can be traced from HR-2013-16, which intersected 35.85 metres (true width is approximately 72%) grading 0.55% Cu, 0.22% Ni and 0.29 g/t Pd+Pt+Au or 1.19% CuEq, up-dip to the intersection of HR-2012-07 which in 2012 returned 54.2 metres (true width approximately 89%) of 0.54% Cu and 0.19% Ni, and continuing to surface for a total length of 495 metres. Gamma Zone -- Mineralization at the Gamma Zone has a minimum strike length of at least 840 metres. The mineralization has a maximum thickness of 51.25 metres and a down-dip extension from surface for at least 330 metres. Some of this year's best grades in core came from the two most northern drill holes: HR-2013-30A grading 0.53% Cu, 0.22% Ni and 0.23 g/t Pd+Pt+Au or 1.17% CuEq over 28.5 metres (true width is approximately 86%), and HR-2013-39 grading 0.58% Cu, 0.24% Ni and 0.33 g/t Pd+Pt+Au or 1.29% CuEq over 43.75 metres (true width is approximately 70%). In addition, semi-massive sulphide concentrations with > 1% Cu, > 1% Ni and > 1g/t Pd+Pt+Au were intersected at the base of the intrusion in HR-2013-30A; as was the case in its up-dip (330 metres distance) counterparts in HR-2012-01 & 02 from the 2012 drilling program. In HR-2013-39 the base of the 43.75 metres intersection of disseminated Cu-Ni-Pd-Pt-Au mineralization contains numerous 0.5 metre intervals returning > 1% Cu and > 0.5% Ni associated with near semi-massive concentrations of sulphides. This is the first discovery of such elevated nickel concentrations at the base of this mineralized horizon, and suggests that semi-massive to massive sulphides may be present close by.

Nickel North Exploration Corp. Announces Preliminary Assay Results from 12 of the 38 Drill-Holes

Nickel North Exploration Corp. announced preliminary assay results from 12 of the 38 drill-holes (totaling 7,330 meters) completed this year on its 100% owned Hawk Ridge property in northern Quebec. The 2013 drill program consisted of the following targets: Resource drilling on a newly discovered zone called Falco 7; 2. Resource drilling on historical zones; Reconnaissance drilling on new and historical zones. Discovery of the new Falco 7 Zone: Located approximately 2 to 3 kilometres from tidewater and 6.5 to 8 kilometers from the town of Aupaluk. The zone comprises two stacked intervals; a porphyritic gabbroic interval and an underlying massive sulphide interval at the basal contact of the gabbro. The zone is sub-horizontal, near-surface (0 to150 meters from surface) and returns moderate grades of Cu-Ni-PGE. The target has now been tested by 21 holes over a 3.5 km strike length and a down-dip extent of at least 500m. The host rocks and mineralization are similar to that found at Hopes Advance Main and Gamma Zones. Confirmed continuity of the Hopes Advance Main Zone: Drill-hole HR-2013- 16 has established the continuity of them in eralized zone down-dip for 495 m. This drill - hole intersected 34.8 m (27.7m approximate true width) of mineralization grading 0.55% Cu, 0.22% Ni and 0.197 g/t Pt+Pd+Au or 1.17% CuEq. From surface to a down-hole depth of 418.5 m, the mineralization appears to maintain a consistent host lithology and metal grade. Expansion of the Gamma Zone: Intersections in three drill holes (assays pending) extended this mineralized zone from surface to 325 m down-dip. Expansion of the Hopes Advance North Zone: Step-out drill-hole 2013-13 intersected an interval of 11.65 m of mineralization grading 0.62% Cu, 0.22% Ni and 0.32 g/t Pt+Pd+Au or 1.25% CuEq, beginning at a down-hole depth of 29.35 m.

 

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