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Nordic Nickel (ASX:NNL) hits further nickel sulphide mineralisation at Pulju, Finland

ASX News, Materials
ASX:NNL      MCAP $8.774M
14 July 2023 14:09 (AEST)

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Nordic Nickel (NNL) has received additional assays from its flagship Pulju nickel project located in the Central Lapland Greenstone Belt of Northern Finland.

Results from the company’s maiden diamond drilling at its Hotinvaara prospect included 25.3 metres at 0.29 per cent nickel from 340 metres, including 0.6 metres at 4.66 per cent nickel from 359 metres.

Other high-grade assays included 199.1 metres at 0.22 per cent nickel from 20.9 metres.

The phase one 22,000 metre drilling program focused on a dual exploration strategy targeting high-grade massive nickel-copper sulphides similar to the nearby world-class Sakatti deposit.

The company stated the bulk tonnage-style disseminated nickel sulphide mineralisation could potentially host long-life mineral resources.

“When drilling re-commences after the northern summer break, our activities will continue to focus on zones of both known and potential massive sulphides and systematically step out from historically drilled areas with the aim of expanding the Mineral Resource,” NNL Managing Director Todd Ross said.

“Based on what we are seeing at Hotinvaara, the company believes that the Pulju project has the potential to host multiple world-class nickel deposits and thereby produce for many generations the critical minerals desperately needed for the energy transition.”

Twenty diamond drill holes have been drilled for a total of 12,385.2 metres to date and the company has paused drilling until August.

NNL last traded at 24 cents.

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