Class 1 Nickel begins work at Alexo-Dundonald near Timmins to increase resources

Class 1 Nickel & Technologies Limited says work has commenced at the Alexo-Dundonald Nickel project in Timmins to upgrade the Dundonald South historic mineral resource to CIM defined classifications and combine it with the existing Alexo Mineral Resource.

Class 1 is a Canadian company developing nickel-copper-cobalt sulphide Mineral Resources 45km northeast of Timmins.

The company has engaged mineral industry experts P&E Mining Consultants Inc. (P&E) to validate and classify the Dundonald Mineral Resource and combine it with Alexo in a NI 43-101 Technical Report.

Mr. Benjamin H Cooper, President of Class 1 Nickel said: “Now that Alexo and Dundonald are together in the one company we can execute a smart diversified strategy that is two pronged. Firstly, we will focus on a “more of the same” approach at Alexo, extending the resource along strike, as we build a database for the preliminary economic assessment work and push along the remaining permitting requirements. And secondly we will take a more aggressive and high impact approach to the 8 high grade close to surface zones of the Dundonald South Mineral Resource, in order to bring high grade tonnage into the combined Mineral Resource and increase our overall economics and size.” 

P&E Mining Consultants Inc. will work alongside the Company to upgrade the Mineral Resource, assist with the design and reporting of geophysics and drill programs, permitting, and undertaking a Preliminary Economic Assessment.  P&E will utilize its more than 20 Canadian based associates to leverage experience in geological interpretation, 3D geologic modeling, technical report writing, Mineral Resource and Mineral Reserve Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates and metallurgical engineering.

Mr. Tony Donaghy P.Geo, Principal Consultant - Nickel at CSA Global (an ERM Group Company) and strategic advisor to Class 1 Nickel affirmed: “I am confident that P&E Mining Consultants Inc. are more than adequately qualified to carry out the assignment of upgrading the Mineral Resource classification at Dundonald South. P&E knows these projects well and worked with us together as co-authors on the initial NI 43-101 Technical Report for Alexo-Dundonald.”

Mr. Eugene Puritch, P.Eng., FEC, CET, stated “It’s important for Class 1 Nickel to explain to the market that it possesses several potentially viable projects in its Timmins land package. Alexo, Kelex, Dundonald North and Dundonald South are all contiguous and located inside the 1 km komatiite flow. The sum of the parts results in a larger and more diversified Mineral Resource.” 

Initial P&E Mining Consultants Inc. scope of work to include: 

• Site visit and assay data validation sampling
• Geological interpretation
• Geostatistical analysis
• Grade Estimation
• Mineral Resource reporting and Technical Report

Class 1 Nickel looks forward to updating the market with the updated combined classified Mineral Resources in the coming weeks.   

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