Core Nickel Corp. announced Geotech Ltd. has commenced helicopter-borne Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer geophysical surveys on the Company's 100%-owned Halfway Lake and Resting Lake projects (the "Projects"). The Projects are situated in the central region of the Thompson Nickel Belt in Northern Manitoba, approximately 20 km from the town of Wabowden.

The Projects feature significant nickel intersections based on historical drilling and are strategically positioned along an established trend with several nickel deposits and showings. Additionally, the area benefits from surrounding infrastructure including Provincial Highway 6, the HBR (Omnitrax) Rail Line and a major hydroelectric transmission line along Highway 6. The Halfway Lake Project covers a NE-SW trending synform consisting of Ospwagan Group, which includes the target formation Pipe pelites, coincident/proximal to elongated ultramafic lenses. The Halfway Lake property has a geological environment (stratigraphy, metamorphic grade, and ductile deformation) similar to that hosting the Thompson deposit (150 Mt at 2.32% Ni) 1. Numerous nickel occurrences have been intersected historically on the property including the W62 zone from the 1960s, which intersected grades up to 1.32% Ni over 3.05 m in drillhole W62-D. The Company completed a drilling program on the W62 zone in March 2024 that intersected 0.37% Ni over 91m, including localized 1.0 m intersections grading over 1.0% Ni in HFW-002.

See full news release on the Company's website here. The Halfway Lake deposit, located outside of the northern block of the property contains, contains 900,000 tonnes at 1.2% Ni.2 The Resting Lake Project covers a NE-SE trending synform (Figure 3), similar to the Halfway Lake property. Nickel mineralization was intersected in a number of historical drillholes hosted exclusively in ultramafic rocks.

Two significant zones of mineralization occur adjacent to the property, the Resting Lake deposit in the north (90 Mt at 0.3% Ni)3 and the Reed zone in the south with several high-grade intersections up to 1.77 m at 2.86% Ni4.