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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/13 -- Nickel North Exploration Corp. (TSX VENTURE: NNX) ("Nickel North" or "the Company") is pleased to release the results of the final phase of its 2012 exploration program on the Company's 100% controlled Hawk Ridge Ni-Cu-PGE Project in northern Quebec. These results are based on the re- sampling and detailed analysis of 988 samples from 9 holes totalling 956 meters of historic drill core that was stored at Hawk Ridge in 1996-97 by the previous operator. The drill holes sampled include the following four zones Hopes Advance Main, Hopes Advance, North Gamma and the Schindler zone.
Core samples were subject to rigorous internal and external processing controls, as well as industry standard QA and QC protocols and are discussed below in further detail. Review of relevant correlative and quantitative factors clearly indicated sufficiently low levels of variance between the 1996-97 assay results and the new corresponding 2012 results, thereby validating the reliability of the historical records.
The new assays also recorded significant values of platinum group elements and gold (PGE+Au) in all 9 holes, which were not previously tested for. Additionally, modern sampling protocols and multi- element analysis has led to the detection of additional nickel and copper mineralization not previously recognized and has in some cases expanded the mineralized intersections by up to 10 metres (DH 96-55 returning 0.43 % Cu and 0.18% Ni over 74 meters).
Table 12012 Re-assay Composites of 1996 and 1997 Core---------------------------------------------------------------------------- Width Cu Ni Co PGE + Au SulphDDH Interval From To m % % % (i) % (ii)----------------------------------------------------------------------------Hopes Advance Main----------------------------------------------------------------------------96-9 Interval 30 36 6 0.66 0.16 0.01 520.58 1.03---------------------------------------------------------------------------- Interval 49 98 49 0.49 0.17 0.01 257.94 2.95--------------------------------------------------------------------------------------------------------------------------------------------------------96-10 Interval 66 95.39 29.39 0.43 0.19 0.01 262.00 3.04---------------------------------------------------------------------------- Interval 101.12 111.57 10.45 0.66 0.14 0.01 419.44 2.60----------------------------------------------------------------------------Hopes Advance North----------------------------------------------------------------------------96-44 Interval 40.04 54.45 14.41 1.50 0.49 0.01 338.71 14.70---------------------------------------------------------------------------- Including 43 52.5 9.5 1.96 0.50 0.01 244.98 13.47--------------------------------------------------------------------------------------------------------------------------------------------------------96-45 Interval 48.14 63.5 15.36 0.63 0.44 0.01 285.12 11.73---------------------------------------------------------------------------- Including 50.6 54.45 3.85 1.38 0.71 0.01 658.83 22.36----------------------------------------------------------------------------Gamma----------------------------------------------------------------------------96-53 Interval 34.5 57.45 22.95 0.45 0.17 0.01 291.41 2.23--------------------------------------------------------------------------------------------------------------------------------------------------------96-55 Interval 86.5 160.55 74.05 0.43 0.18 0.01 371.60 2.29---------------------------------------------------------------------------- Including 119.5 151.5 32 0.54 0.21 0.01 350.19 3.11---------------------------------------------------------------------------- Interval 223.03 230.44 7.41 0.48 0.10 0.01 20.00 3.68--------------------------------------------------------------------------------------------------------------------------------------------------------96-60 Interval 101 145.5 44.5 0.36 0.18 0.01 338.81 1.56---------------------------------------------------------------------------- Interval 157 179.8 22.8 0.55 0.16 0.01 258.82 1.60----------------------------------------------------------------------------Schindler----------------------------------------------------------------------------97-101 Interval 123 138 15 0.51 0.21 0.01 221.96 3.09--------------------------------------------------------------------------------------------------------------------------------------------------------97-102 Interval 122 132.5 10.5 0.33 0.15 0.01 204.72 2.36----------------------------------------------------------------------------(i) Note PGE + Au is in ppb (parts per billion).(ii) Sulphide% of the sample is calculated from the sulphur assay using theformula S%/37.5 X 100.Table 22012 PGE + Au Re-assay Composites of 1996 and 1997 Core---------------------------------------------------------------------------- Width Pd Pt Au SulphDDH Interval From To m ppb ppb ppb PGE + Au %----------------------------------------------------------------------------Hopes Advance Main----------------------------------------------------------------------------96-9 Interval 30 36 6 252.67 70.58 197.33 520.58 1.03---------------------------------------------------------------------------- Interval 49 98 49 175.04 46.62 36.28 257.94 2.95--------------------------------------------------------------------------------------------------------------------------------------------------------96-10 Interval 66 95.39 29.39 210.18 31.76 20.06 262.00 3.04---------------------------------------------------------------------------- Interval 101.12 111.57 10.45 265.69 94.48 59.27 419.44 2.60----------------------------------------------------------------------------Hopes Advance North----------------------------------------------------------------------------96-44 Interval 40.04 54.45 14.41 262.30 11.33 65.08 338.71 14.70---------------------------------------------------------------------------- Including 43 52.5 9.5 162.61 9.05 73.32 244.98 13.47--------------------------------------------------------------------------------------------------------------------------------------------------------96-45 Interval 48.14 63.5 15.36 250.75 9.83 24.54 285.12 11.73---------------------------------------------------------------------------- Including 50.6 54.45 3.85 568.70 12.73 77.40 658.83 22.36----------------------------------------------------------------------------Gamma----------------------------------------------------------------------------96-53 Interval 34.5 57.45 22.95 198.08 56.48 36.85 291.41 2.23--------------------------------------------------------------------------------------------------------------------------------------------------------96-55 Interval 86.5 160.55 74.05 266.72 54.69 50.19 371.60 2.29---------------------------------------------------------------------------- Including 119.5 151.5 32 261.02 50.66 38.51 350.19 3.11---------------------------------------------------------------------------- Interval 223.03 230.44 7.41 5.00 10.00 5.00 20.00 3.68--------------------------------------------------------------------------------------------------------------------------------------------------------96-60 Interval 101 145.5 44.5 256.66 50.64 31.51 338.81 1.56---------------------------------------------------------------------------- Interval 157 179.8 22.8 173.82 44.17 40.83 258.82 1.60----------------------------------------------------------------------------Schindler----------------------------------------------------------------------------97-101 Interval 123 138 15 148.70 42.73 30.53 221.96 3.09--------------------------------------------------------------------------------------------------------------------------------------------------------97-102 Interval 122 132.5 10.5 139.22 39.48 26.02 204.72 2.36----------------------------------------------------------------------------
