NiCAN to Exhibit at PDAC 2026 Highlighting New Gold Discovery And the Newly Intersected Nickel Sulphides at Pipy South in Thompson Manitoba
MWN-AI** Summary
NiCAN Limited is set to make a significant impact at the 2026 Prospectors and Developers Convention (PDAC), one of the most prestigious mineral exploration events globally. The company will exhibit at booth #2217A at the Metro Toronto Convention Centre on March 1 and 2. NiCAN aims to highlight its exciting new gold discovery and the recently identified nickel-sulphide intersections at the Pipy South Property in Thompson, Manitoba.
Recent drilling at the Pipy South Property has yielded promising results, including a new near-surface gold zone intersecting 27.6 meters grading 1.25 g/t Au and 12.5 g/t Ag in hole PIPY25-04. Additionally, substantial nickel-bearing massive sulphides have been documented, showcasing the project's potential. NiCAN also reported impressive results from its Wine Project in Snow Lake, with high-grade intersections of copper and nickel. Notable findings from previous drilling included intervals grading 3.67% NiEq over 3.9 meters and high values of copper and nickel across various drill holes.
Brad Humphrey, President and CEO of NiCAN, expressed his enthusiasm about exhibiting at PDAC, stating the company’s focus on showcasing its recent successes and engaging with shareholders and potential investors. The company is actively pursuing exploration and drilling, positioned to capitalize on its promising gold and nickel targets in Manitoba's established mining jurisdictions.
With NiCAN's ongoing projects, the potential for further discoveries remains robust, leading to optimism for sustained growth and exploration success in 2026. Investors and stakeholders interested in the latest developments in precious and base metals will find this exhibit particularly beneficial, marking a dynamic opportunity for engagement and investment in the resource sector.
MWN-AI** Analysis
NiCAN Limited (TSXV: NICN) is poised to make a significant impact as it showcases its advancements at the 2026 Prospectors and Developers Convention (PDAC) in Toronto. The company’s recent successes—including a promising gold discovery at the Pipy South Property and significant intersections of nickel-bearing massive sulphides—position it as a potential leader in the resource sector.
The highlighted new gold discovery, with drill results showing 1.25 g/t Au over 27.6 meters, and the nickel-rich intersections with impressive grades of up to 3.67% NiEq at the Wine Project, indicate the company’s robust exploration strategy is yielding valuable results. This not only demonstrates NiCAN’s capabilities in mineral exploration but also enhances the attractiveness of its shares in a market increasingly relying on reliable sources of raw materials. Market analysts should note that NiCAN operates in established mining jurisdictions, reducing some operational risks associated with mineral exploration.
As PDAC attracts a global audience of investors and industry experts, NiCAN's strategic presence will likely drive interest in its projects. Investors looking to capitalize on emerging opportunities should consider the recent drill results as a catalyst for future price appreciation. The potential for continued discovery and exploration success remains high, especially given the substantial ongoing drilling and surveying activities reported by the company.
In summary, NiCAN Limited stands at a crossroads of innovation and exploration in the minerals space. With a focus on enhancing its portfolio of gold and nickel projects, the upcoming PDAC presence, coupled with recent discoveries, makes it a noteworthy investment for those seeking exposure in the resources sector. Investors should carefully watch how NiCAN communicates its ongoing developments to maximize their portfolio potential.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO, Feb. 26, 2026 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) (OTCQB: NILTF) (FRA: W8Y) is pleased to announce that it will be exhibiting and presenting at the annual 2026 Prospectors and Developers Convention ("PDAC"). PDAC is one of the world's premier mineral exploration & mining events and is hosted in Toronto at the Metro Toronto Convention Centre.
Visit our PDAC booth #2217A in the Investors Exchange, level 800, at the Metro Toronto Convention Centre, South Building on Sunday, March 1 and Monday, March 2. Learn more about NiCAN, the new near surface gold discovery and nickel bearing massive sulphides on the Pipy South Property in Thompson Manitoba and the high-grade copper and nickel at surface at the Wine Project in the Snow Lake area.
NiCAN will have core displayed at our booth including representative core samples from the new gold zone at the Pipy Project and high-grade nickel-copper core from Hole WINE-22-05 grading 3.67% NiEq over 3.9 meters from an interval grading 2.61% NiEq over 27.3 meters.
Brad Humphrey, President, and CEO of NiCAN, stated, "We are pleased to showcase our recent successes at the Pipy Project and to display core samples from the new gold discovery. We will also be highlighting the recently intersected nickel bearing massive sulphides as well as drill core from our Wine Project. With active surveys and drilling underway and multiple highly prospective gold and nickel targets across established mining jurisdictions, NiCAN is well positioned to continue building momentum in 2026. We look forward to engaging with shareholders and new investors as we advance our projects."
Recent Results
Pipy South Property
- New near surface gold discovery in Thompson Manitoba intersecting 27.6m of 1.25 g/t Au and 12.5 g/t Ag in hole PIPY25-04 - See press release dated February 9, 2026
- New nickel bearing massive sulphides at the Pipy South Project in Thompson Manitoba – See press release dated February 18, 2026
Wine Project
- High-grade copper and nickel at surface in Snow Lake area
- 2024 drilling returned 45.45m of 1.32% Ni, 1.20% Cu, (1.55% NiEq), 0.06% Co, 0.59g/t PGMs
- 2023 drilling returned 31.5m of 1.93% Ni, 1.90% Cu (2.32% NiEq), 0.07% Co, 0.6g/t PGMs, and 23.5m of 1.59% Ni, 1.76% Cu (1.98% NiEq), 0.07% Co, 0.51g/t PGMs
Qualified Person
Mr. Stanley Clemmer, P.Geo, an independent consultant to NiCAN, who is a qualified person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects ("NI 43-101") has reviewed and approved the scientific and technical information in this press release.
About NiCAN
NiCAN Limited is a mineral exploration company, trading under the symbols "NICN" on the TSX-V, "NILTF" on the OTCQB and "W8Y" on the FRA. The Company is actively exploring two projects, the highly prospective the gold and nickel Pipy Project and the high grade nickel-copper Wine Project, both located in well-established mining jurisdictions in Manitoba, Canada.
To receive news releases by e-mail, please register using the NiCAN website at www.nicanltd.com.
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains certain "forward-looking information" under applicable securities laws concerning the proposed financing, business, operations and financial performance and condition of NiCAN Limited. Forward-looking information includes, but is not limited to, the size and timing of the drill program, results of the drill program, interpretations of the various surveys, NiCAN's ability to identify mineralization similar to that found in prior drill holes, the benefits and the potential of the properties of the Company; future commodity prices (including in relation to NiEq calculations); drilling and other exploration potential; costs; and permitting. Forward-looking information may be characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses and permitting disputes and/or delays. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Nican Ltd.
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FAQ**
How does NiCAN LTD. NILTF plan to further explore and develop the newly discovered gold zone and nickel bearing massive sulphides at the Pipy South Property in Thompson, Manitoba?
What specific results from recent drilling at the Pipy South Project and Wine Project will NiCAN LTD. NILTF emphasize during the PDAC 20presentation to attract potential investors?
Can you elaborate on the potential economic impact of the new discoveries at the Pipy South and Wine Project properties in relation to NiCAN LTD. NILTF's corporate growth strategy?
What are the key differentiators of NiCAN LTD. NILTF's exploration approach compared to other companies operating in similar jurisdictions or targeting similar resources?
**MWN-AI FAQ is based on asking OpenAI questions about NICAN LTD. (OTC: NILTF).
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