Lion Copper and Gold: Clear Power Begins With Copper

That is the primary of two press releases presenting the outcomes of the 2021 drilling marketing campaign. The illustration under particulars the present location of drill holes coated on this launch and likewise the remaining drill holes that are anticipated to be introduced within the coming weeks.

“We’re very excited to start to ship our preliminary drill outcomes at Nisk. The outcomes showcase Nisk’s potential to have a industrial high-grade Nickel Sulphate deposit. Our aims on this preliminary drill program carried out by Energy Nickel had been to conduct sufficient drilling to permit us to determine a brand new NI 43-101 compliant useful resource to substantiate and change the historic useful resource, and to increase the identified Nickel mineralization. We imagine we have now established the latter and anticipate to have the ability to ship a NI 43-101 compliant Mineral Useful resource Estimate in Q2″, commented Energy Nickel‘s CEO Terry Lynch.

The prevailing useful resource estimates on the Nisk challenge are of historic nature and the Firm’s geology group has not accomplished ample work to substantiate a NI 43-101 compliant mineral useful resource. Subsequently, warning is acceptable since these historic estimates can’t, and shouldn’t be relied on. For merely informational functions see Desk 1.

Desk ‑1: Historic Useful resource Estimate figures for respective confidence classes on the NISK-1 deposit, After RSW Inc 2009: Useful resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec.

The data concerning the NISK-1 deposit was derived from the technical report titled “Useful resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec” dated December 2009. The important thing assumptions, parameters and strategies used to arrange the mineral useful resource estimates described above are set out within the technical report.

The 3D geological mannequin developed by 3DGeo Answer Inc. (“3DGS”) recognized a potential set of targets that the Firm feels will give one of the best potential to develop the Nisk historic deposit. The Picture under is a view of the mineralization projected from the floor on the space we consult with as Nisk Important.

“Nisk has 4 distinct goal areas overlaying over 7 Kilometres of strike size. Our focus this spherical was on the Nisk Important goal. Traditionally we all know globally most of these deposits sometimes have a number of pods. We’re inspired by what we see on Nisk Important and really feel we are able to proceed to construct industrial tonnage there however we’re additionally wanting ahead to exploring Nisk West and the 2 wildcat targets in subsequent drilling in Q2”, commented Energy Nickel‘s CEO Terry Lynch.

ABOUT NISK

Nisk is positioned south of James Bay as illustrated within the space map under. This area is the location of various mining tasks and bettering infrastructure.

Nisk has traditionally had some very high-grade Nickel intercepts as proven under. The Grade-Thickness iso-contours are consultant of the nickel distribution solely.

Evaluation and QAQC Procedures

All samples had been submitted to and analyzed at ALS International (ALS), an impartial industrial laboratory positioned in Val D’Or, Québec for each the pattern preparation and assaying. ALS is a industrial laboratory impartial of Energy Nickel with little interest in the Venture. ALS is an ISO 9001 and 17025 licensed and accredited laboratory. Samples submitted by ALS are run by customary preparation strategies and analyzed utilizing ME-ICP61a (33 ingredient Suite; 0.4g pattern; Intermediate Stage 4 Acid Digestion) and PGM-ICP27 (Pt, Pd, and Au; 30g fireplace assay and ICP-AES End) strategies. ALS additionally undertake their very own inner coarse and pulp duplicate evaluation to make sure correct pattern preparation and tools calibration.

Energy Nickel‘s QA/QC program contains the common insertion of CRM requirements, duplicates, and blanks into the pattern stream with a stringent evaluate of all outcomes. Historic holes had been assayed by varied accredited laboratories.

About Energy Nickel Inc.

Energy Nickel is a Canadian junior exploration firm specializing in high-potential copper, gold and battery steel prospects in Canada and Chile.

On February 1, 2021, Energy Nickel (then known as Chilean Metals) accomplished the acquisition of its possibility to amass as much as 80% of the Nisk challenge from Essential Parts Lithium Corp. (TSX-V:CRE)

The NISK property includes a big land place (20 kilometers of strike size) with quite a few high-grade intercepts. Energy Nickel, previously Chilean Metals is targeted on confirming and increasing its present high-grade nickel-copper PGE mineralization historic useful resource by getting ready a brand new Mineral Useful resource Estimate in accordance with NI 43-101, figuring out further high-grade mineralization, and creating a course of to doubtlessly produce nickel sulphates responsibly for batteries for use within the electrical autos business.

Energy Nickel (then known as Chilean Metals) introduced on June 8^th, 2021 that an settlement has been made to finish the 100% acquisition of its Golden Ivan challenge within the coronary heart of the Golden Triangle. The Golden Triangle has reported mineral sources (previous manufacturing and present sources) in a complete of 67 million ounces of gold, 569 million ounces of silver, and 27 billion kilos of copper. This property hosts two identified mineral showings (gold ore and magee), and a portion of the past-producing Silverado mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that include portions of silver, lead, zinc, plus/minus gold, and plus/minus copper.

Energy Nickel is the 100-per-cent proprietor of 5 properties comprising over 50,000 acres strategically positioned within the prolific iron-oxide-copper-gold belt of northern Chile. It additionally owns a 3-per-cent NSR royalty curiosity on any future manufacturing from the Copaquire copper-molybdenum deposit, lately bought to a subsidiary of Teck sources Inc. Underneath the phrases of the sale settlement, Teck has the suitable to amass one-third of the 3-per-cent NSR for $3-million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first area.

About Essential Parts Lithium Company

Essential Parts aspires to change into a big, accountable provider of lithium to the flourishing electrical automobile and power storage system industries. To this finish, Essential Parts is advancing the wholly owned, excessive purity Rose lithium challenge in Quebec. Rose is the Company’s first lithium challenge to be superior inside a land portfolio of over 700 sq. kilometers. In 2017, the Company accomplished a feasibility research on Rose for the manufacturing of spodumene focus. The interior charge of return for the Venture is estimated at 34.9% after tax, with a internet current worth estimated at C$726 million at an 8% low cost charge. Within the Company’s view, Quebec is strategically well-positioned for US and EU markets and boasts good infrastructure together with a low-cost, low-carbon energy grid that includes 93% hydroelectricity. The challenge has acquired approval from the Federal Minister of Setting and Local weather Change on the advice of the Joint Evaluation Committee, comprised of representatives from the Impression Evaluation Company of Canada and the Cree Nation Authorities; The Company is working to acquire related approval below the Quebec environmental evaluation course of. The Company additionally has a superb, formalized relationship with the Cree Nation.

For additional data on Energy Nickel Inc., please contact:

Mr. Terry Lynch, CEO
647-448-8044

For additional data, readers are inspired to contact:

Energy Nickel Inc.
The Canadian Enterprise Constructing
82 Richmond St East, Suite 202
Toronto, ON

For additional data on Essential Parts, please contact:

Patrick Laperrière
Director of Investor Relations and Company Improvement
514-817-1119
plaperriere@cecorp.ca
www.cecorp.ca

or Jean-Sébastien Lavallée,
P. Géo. Chief Govt Officer
819-354-5146
jslavallee@cecorp.ca
www.cecorp.ca

ON BEHALF OF THE BOARD OF DIRECTORS

Terry Lynch & CEO terry@powernickel.com

Certified Particular person

Kenneth Williamson, Géo (OGQ #1490), M.Sc., Senior Consulting Geologist, and Matthew DeGasperis, Géo (OGQ #2261), B.Sc., Consulting Geologist, from 3DGeo Answer Inc. are the impartial certified individuals pursuant to the necessities of NI 43-101, and have reviewed and authorized the technical content material of this press launch.

Cautionary Notice Relating to Ahead-Wanting Assertion

This information launch could include sure statements that could be deemed “forward-looking statements”. All statements on this launch, aside from statements of historic reality, that tackle occasions or developments that PNPN expects to happen, together with particulars associated to the proposed spin-out transactions, are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are typically, however not all the time, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “tasks”, “potential” and related expressions, or that occasions or situations “will”, “would”, “could”, “might” or “ought to” happen. Ahead-looking statements on this doc embody statements concerning present and future exploration packages, actions, and outcomes. Though PNPN believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements usually are not ensures of future efficiency and precise outcomes could differ materially from these in forward-looking statements. Components that would trigger the precise outcomes to vary materially from these in forward-looking statements embody market costs, exploitation and exploration success, continued availability of capital and financing, lack of ability to acquire required regulatory or governmental approvals, and basic financial, market or enterprise situations. Buyers are cautioned that any such statements usually are not ensures of future efficiency and precise outcomes or developments could differ materially from these projected within the forward-looking statements. Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this launch.

SOURCE: Energy Nickel Inc.

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