Class 1 Nickel and Technologies Ltd. has filed an independent NI 43-101 Technical Report for its Alexo-Dundonald Nickel Project in Ontario, including an updated Mineral Resource Estimate for the Dundonald North Deposit. The project, located northeast of Timmins, encompasses four nickel sulphide deposits over 3,093 hectares. This development marks a significant advancement in the company’s exploration efforts.
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Class 1 Nickel Files Updated NI 43-101 Mineral Resource Estimate for Dundonald North, Alexo-Dundonald Nickel Sulphide Project
Photo by Globe Newswire
Key Takeaways:
- Class 1 Nickel filed an independent NI 43-101 Technical Report for the Alexo-Dundonald Nickel Project.
- The report includes an updated Mineral Resource Estimate for the Dundonald North Deposit.
- The Alexo-Dundonald Project is located 45 km northeast of Timmins, Ontario.
- Dundonald North is one of four nickel sulphide deposits within the project.
- This filing represents progress in the company’s exploration and development activities.
Class 1 Nickel Files Updated Technical Report
Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) has announced the filing of an independent NI 43-101 Technical Report for its Alexo-Dundonald Nickel Project. This significant development includes an updated Mineral Resource Estimate (MRE) for the Dundonald North Deposit.
Updated Mineral Resource Estimate for Dundonald North
The newly filed report provides a comprehensive look at the Dundonald North Deposit, one of four nickel sulphide deposits within the Alexo-Dundonald Project. The updated MRE offers valuable insights into the deposit’s potential, marking an important milestone in the project’s advancement.
Significance of the Alexo-Dundonald Project
Located approximately 45 kilometers northeast of the City of Timmins, Ontario, the Alexo-Dundonald Nickel Project spans 3,093 hectares. The project’s strategic location and sizeable land package position it as a noteworthy player in the region’s mining sector.
Advancing Exploration Efforts
“Class 1 Nickel is pleased to announce the filing of an independent NI 43-101 Technical Report,” the company stated. This move reflects the company’s commitment to advancing its exploration and development activities, potentially contributing to the growth of nickel resources in Canada.
Continued Progress and Updates
The company had previously issued a news release on March 27, 2025, highlighting developments in the project. The filing of the updated Technical Report builds upon these earlier announcements, indicating ongoing progress in the exploration of the Dundonald North Deposit.
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