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Core Nickel Corp. (CNCOF) is a junior nickel exploration company that controls 100% of five properties in the prolific Thompson Nickel Belt in Manitoba, Canada. The company recently reported disseminated nickel-bearing sulfide mineralization with up to 17% nickel tenors in their 2024 winter drill program at the Halfway Lake project. This discovery highlights the exploration potential of the property and increases the prospectivity for economic nickel mineralization.
Core Nickel has a large land package in the Thompson Nickel Belt, with properties in the northern part such as Mel, Hunter, and Odei River, and properties in the southern part near Wabowden, including Halfway Lake and Resting Lake. The Mel property, for instance, has a historical NI-43-101 resource estimate with indicated and inferred resources, showing potential for significant nickel mineralization.
The company has plans to conduct property-wide VTEM surveys on the Halfway Lake and Resting Lake projects to refine exploration targets. With an exceptional land position and ongoing exploration activities, Core Nickel is focused on increasing its potential for success in the nickel market.
Core Nickel Corp. (CSE: CNCO) has announced the adoption of an advance notice policy by its Board of Directors. This policy establishes a framework for shareholder nominations of directors outside of the standard requisition or proposal processes under the Business Corporations Act (British Columbia). The policy sets deadlines and information requirements for such nominations.
For the upcoming annual general and special meeting on October 22, 2024, nomination notices must be submitted by September 22, 2024. For future annual meetings, notices must be given 30-65 days prior to the meeting date, with special provisions for meetings announced on shorter notice. The policy is effective immediately but will be subject to shareholder approval at the October meeting.
Core Nickel Corp. (CSE: CNCO) has completed helicopter-borne geophysical surveys on its Halfway Lake and Resting Lake projects in Manitoba's Thompson Nickel Belt. The surveys, conducted by Geotech , covered 1,307 line-km and utilized Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer technologies.
The projects, located near Wabowden, have shown significant nickel intersections in historical drilling. They benefit from nearby infrastructure including Highway 6, rail, and hydroelectric transmission. Core Nickel's VP Exploration, Caitlin Glew, expressed excitement about integrating the high-resolution data into their exploration model.
Additionally, Core Nickel received a Mineral Exploration Work Permit for the Resting Lake project, valid until April 2025. The company also announced an advertising contract with TAStocks.com for social media engagement services.
Core Nickel Corp. (CSE: CNCO) has launched helicopter-borne geophysical surveys at their 100%-owned Halfway Lake and Resting Lake projects in the Thompson Nickel Belt, Manitoba. Conducted by Geotech , these surveys utilize Versatile Time-Domain Electromagnetics (VTEM) and horizontal magnetic gradiometer technologies. The projects, located near Wabowden, feature significant historical nickel intersections and are well-positioned within an established nickel trend. The Halfway Lake Project exhibits geology similar to the Thompson deposit and includes numerous nickel occurrences, with a recent drill yielding 0.37% Ni over 91m. The Resting Lake Project also shows promise with historical intersections in ultramafic rocks. Caitlin Glew, VP Exploration, notes that the surveys will help identify conductive anomalies and assist future drilling efforts.
Core Nickel Corp. (CSE: CNCO) received a second tranche of $69,100 in nonrepayable funding from the Manitoba Mineral Development Fund (MMDF) on June 19, 2024. This follows an initial tranche, bringing the total received to $138,200 of the $207,000 grant awarded by the MMDF. The final tranche of $69,100 is expected after the completion of the company's summer exploration program on the Halfway Lake and Resting Lake properties. The company’s winter drilling program at Halfway Lake yielded 0.37% nickel over 91.05 meters. Upcoming plans include airborne VTEM surveys in July 2024. The MMDF, managed by the Manitoba Chambers of Commerce, supports strategic economic development in northern Manitoba.
Core Nickel Corp. (CSE: CNCO) has announced the granting of incentive stock options to certain directors, officers, and consultants. These options allow the purchase of up to 1,620,000 common shares at a price of $0.055 per share. The options are exercisable over a period of three years and come with a hold period expiring on September 25, 2024, as per CSE policies and applicable securities laws.
Core Nickel has reported significant findings from its 2024 Winter Drill Program at the Halfway Lake project in Manitoba. The key highlights include the identification of nickel-bearing sulfide mineralization with nickel tenors up to 17%. Drill holes HFW-001 and HFW-002 intersected wide zones of serpentinized ultramafic rocks with high nickel content. The next steps involve a property-wide VTEM survey planned for July 2024 to refine exploration targets. Core Nickel's inaugural drill program confirmed the geological framework for substantial nickel sulfide deposits, enhancing the exploration potential in the Thompson Nickel Belt.
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