12:07 PM EDT, 05/27/2025 (MT Newswires) -- Class 1 Nickel and Technologies ( NICLF ) on Tuesday announced results from its previously completed high resolution electromagnetic magnetic airborne geophysical survey over its River Valley Project near Sudbury, Ontario.

The project covers about 2,916 hectares.

The company said it engaged Geotech Ltd to fly a helicopter-borne VTEM Plus time-domain electromagnetic and horizontal magnetic-gradiometric survey over the project. The final survey totalled about 254 line-km covering part of the southern contact and part of the eastern footwall of the River Valley Intrusion.

Highlights from the survey included geophysical mapping of known surface to near-surface sulphide-hosted Contact-Style PGE-Cu-Ni sulphide mineralization; and new surface and near-surface exploration opportunities along and near the Crerar PGE Trend and also well outside known sulphide occurrences.

The results also revealed several new surface features requiring ground follow-up and magnetics suggested that known PGE trends continue along strike and that other trends, parallel to the known PGE trends, could exist, requiring ground-truthing.

"The results from this first-ever VTEM Plus survey covering this area of the River Valley Intrusion and our multi-kilometre Crerar PGE Trend are exciting, providing the Company's technical team with numerous surface and near-surface targets to follow-up on in the soon to be launched summer field program," said Class 1 Nickel and Technologies' ( NICLF ) Chief Executive Officer David Fitch. "As we confirm these new targets, we will commence detailed surface mapping and sampling, geophysical surveys, and trenching to expose and understand these PGE-Cu-Ni targets."

The company's shares were last seen up $0.005 to $0.19 on the Canadian Securities Exchange.

Price: 0.19, Change: +0.01, Percent Change: +2.70