Nordic Nickel published a maiden mineral resource estimate for its Hotinvaara prospect located in northern Finland. At a 0.15% Ni Cut-Off grade, the estimate amounts to a combined indicated and inferred resource of 133.6Mt @ 0.21% Ni and 0.01% Co for a total of 278530t of contained Ni and 12650t of Co.
The company further published an updated exploration target for the Hotinvaara Exploration Licence area, amounting to 275-415Mt @0.17-0.25% Ni, 76-114ppm Co, and 46-68ppm Cu. According to the company, approx. 65 holes would be required to test the potential of the exploration target.
Hotinvaara Exploration Licence with MRE estimate surface projection, historic drill holes, and proposed collar location to test the exploration target (red)(Source: www.nordicnickel.com)
