CNC:CC - InvestorNewsBreaks - Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Releases Follow-Up Report on Mann Northwest Property Drilling
Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, is releasing additional test results from its Mann Northwest Property. The results include drilling from three more holes as well as assay results from the first five holes drilled. Highlights of the report include that the eight holes drilled intersected multihundred-meter intervals of mineralized peridotite and minor dunite across combined strike length of 2.7 kilometers with the target remaining open in all directions. The report also noted that the target geophysical footprint, which is 6 km2, is more than triple the size of the footprint of CNIKF’s Crawford project. In addition, the drilling showed that hole MAN23-02 returned 0.26% Ni over core length of 210 meters including 0.31% nickel over 33 meters with the hole ending with 0.52 g/t Pt+Pd over 29 meters.
According to the announcement, the company can potentially earn an 80% interest in the property, where drilling started in the northwest zone. Eight holes have been drilled thus far, with all holes intersecting mineralized sections of predominantly well-serpentinized peridotite and minor dunite. The company also announced that it has agreed to issue a service provider an aggregate of 61,982 common shares at $1.15 per common share to satisfy a $71,280 obligation. The company has also entered into an amending agreement acquire a 100% interest in certain mining claims located in the Province of Ontario. “Our regional exploration program continues to deliver with today’s confirmation of another discovery at Mann Northwest, part of Canada Nickel’s Timmins Nickel District,” said Canada Nickel CEO Mark Selby in the press release. “Mann Northwest has a target footprint more than three timesthat of Crawford and is one of 11 properties with a target footprint larger than Crawford. Three additional holes extended the strike length of mineralization by more than 1,100 meters to 2,650 meters, and assays from first five holes confirmed grades in line with expectations.”
To view the full release, visit https://ibn.fm/OvHLo
About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political-risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information about the company, visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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