Nickel Rock Completes Phase One Drilling at Clayton Valley, Nevada
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VANCOUVER, BC, April 8, 2021 /PRNewswire/ --
Nickel Rock Resources Inc. ("the Company") (TSXV: NICL) (OTCQB: NIKLF) is pleased to announce the conclusion of an initial exploratory drilling test on their Clayton Valley Project, Esmeralda County, Nevada, USA. This strategic land package, covering approximately 2,300 acres (930 ha), directly adjoins a western portion of lithium producer Albemarle's
(NYSE: ALB) evaporation ponds and is nearby Cyprus Development Corp.'s
(TSXV: CYP) 5,430-acre Clayton Valley Lithium Clay Project.
Clayton Valley Lithium Project
The program consisted of three reverse circulation holes totaling 356 meters (1155 feet). The holes were intended to test the presence of lithium bearing clay members of the lakebed sediments. Drillhole RCV-01, drilled to a depth of 130m (425 feet), was designed to twin a geothermal gradient hole drilled by a previous explorer. Results of this hole correlated with the log of the previous hole including intervals of volcanic ash and dark green clay. Hole RCV-02, located approximately 1260 meters north of RCV-01 was drilled to a depth of 135.6m (445 ft) and penetrated a section consisting primarily of rhyolitic volcanic ash and interbedded sediments. It penetrated a 4.5-meter section of dark green clay before entering the metamorphic alluvium. Poor drilling conditions and high-water flows ended the hole before reaching the target depth but after successfully evaluating the lake sediment section. Hole RCV-03, located 3,890m (12,762 ft) north from Hole RCV-01, was designed to look for a perched section of volcanoclastic sediments beneath an alluvial fan. Previous water well logs indicated a layer of clay, ash, and silt beneath the alluvium and above the bedrock. Apparently, this hole was located too close to the pediment and encountered metamorphosed dolomite at a depth of 56 meters (185 feet) and about the projected elevation of the sedimentary section. The hole lost circulation in an apparent karst horizon at 68.5 meters (225 feet) and was terminated at 79.2 meters (260 ft) without regaining sample return.