Canada Nickel Announces Assay Results from Massive Sulphide Intersection at Bannockburn Project
Canada Nickel announced assay results from drillhole BAN24-18 at the Bannockburn Project, intersecting 4.0 metres of massive sulphide with 3.95% nickel, 0.40% copper, 0.15% cobalt, and 1.08 g/t palladium & platinum. The drilling also revealed 1.61% nickel over 12 metres. The Bannockburn Property, located near Timmins, Ontario, has been a focus for high-grade nickel exploration. CEO Mark Selby highlighted the potential of the F-Zone target and ongoing tests for other high conductivity areas. Historical drilling in the F-Zone showed promising results, and a borehole electromagnetic survey is underway to identify further mineralization. The company is also following up on similar targets identified in the B-Zone from a 2024 EM survey. Quality assurance and control are ensured through rigorous sampling and analysis protocols.
Canada Nickel ha annunciato i risultati delle analisi del pozzo di perforazione BAN24-18 presso il Progetto Bannockburn, che ha intercettato 4,0 metri di solfuri massivi con il 3,95% di nichel, lo 0,40% di rame, lo 0,15% di cobalto e 1,08 g/t di palladio e platino. La perforazione ha anche rivelato l'1,61% di nichel su 12 metri. La Proprietà di Bannockburn, situata vicino a Timmins, Ontario, è stata un foco per l'esplorazione di nichel ad alta legge. Il CEO Mark Selby ha messo in evidenza il potenziale dell'obiettivo F-Zone e i test in corso per altre aree ad alta conducibilità. Le perforazioni storiche nella F-Zone hanno mostrato risultati promettenti e un sondaggio elettromagnetico del pozzo è in corso per identificare ulteriori mineralizzazioni. L'azienda sta anche seguendo obiettivi simili identificati nella B-Zone da un sondaggio EM del 2024. Garanzie di qualità e controllo sono assicurate attraverso rigorosi protocolli di campionamento e analisi.
Canada Nickel anunció los resultados del análisis del pozo de perforación BAN24-18 en el Proyecto Bannockburn, que intersectó 4.0 metros de sulfuros masivos con 3.95% de níquel, 0.40% de cobre, 0.15% de cobalto y 1.08 g/t de paladio y platino. La perforación también reveló un 1.61% de níquel a lo largo de 12 metros. La Propiedad Bannockburn, situada cerca de Timmins, Ontario, ha sido un enfoque para la exploración de níquel de alta ley. El CEO Mark Selby destacó el potencial del objetivo F-Zone y las pruebas en curso para otras áreas de alta conductividad. La perforación histórica en la F-Zone mostró resultados prometedores y se está llevando a cabo un estudio electromagnético de sondeo para identificar más mineralización. La empresa también está dando seguimiento a objetivos similares identificados en la B-Zone a partir de un estudio EM de 2024. Se asegura la calidad y el control a través de rigurosos protocolos de muestreo y análisis.
캐나다 니켈은 반너크번 프로젝트의 드릴홀 BAN24-18에서 분석 결과를 발표했으며, 이곳에서 4.0미터의 대량 유황광이 발견되어 니켈 3.95%, 구리 0.40%, 코발트 0.15%, 팔라듐 및 백금 1.08g/t가 포함되어 있습니다. 드릴링에서도 12미터 구간에 걸쳐 니켈 1.61%가 확인되었습니다. 온타리오주 팀민스 근처에 위치한 반너크번 자산은 고급 니켈 탐사의 초점이 되어 왔습니다. CEO 마크 셀비는 F-존 목표의 잠재력과 다른 고전도 지역에 대한 진행 중인 테스트를 강조했습니다. F-존의 역사적인 드릴링은 유망한 결과를 보였으며 추가적인 광물화 탐지를 위해 전자기 조사 작업이 진행 중입니다. 회사는 또한 2024년 EM 조사에서 확인된 B-존의 유사한 목표에 대해 후속 작업을 진행하고 있습니다. 품질 보증 및 관리는 철저한 샘플링 및 분석 프로토콜을 통해 보장됩니다.
Canada Nickel a annoncé les résultats des analyses de la foreuse BAN24-18 au projet Bannockburn, qui a intercepté 4,0 mètres de sulfures massifs contenant 3,95 % de nickel, 0,40 % de cuivre, 0,15 % de cobalt et 1,08 g/t de palladium et de platine. Le forage a également révélé 1,61 % de nickel sur 12 mètres. La propriété de Bannockburn, située près de Timmins, Ontario, a été un point focal pour l'exploration du nickel de haute qualité. Le PDG Mark Selby a souligné le potentiel de la cible de la zone F et les tests en cours pour d'autres zones à haute conductivité. Les forages historiques dans la zone F ont montré des résultats prometteurs et une enquête électromagnétique par forage est en cours pour identifier d'autres minéralisations. L'entreprise suit également des cibles similaires identifiées dans la zone B d'une enquête EM de 2024. L'assurance qualité et le contrôle sont garantis par des protocoles de prélèvement et d'analyse rigoureux.
Canada Nickel gab die Analyseergebnisse des Bohrlochs BAN24-18 im Bannockburn-Projekt bekannt, in dem 4,0 Meter massive Sulfide mit 3,95% Nickel, 0,40% Kupfer, 0,15% Kobalt und 1,08 g/t Palladium und Platin durchteuft wurden. Die Bohrungen zeigten auch 1,61% Nickel über 12 Meter. Die Bannockburn-Immobilie, die sich in der Nähe von Timmins, Ontario, befindet, war ein Schwerpunkt für die Exploration von Nickel mit hohem Gehalt. CEO Mark Selby hob das Potenzial des Ziels F-Zone und laufende Tests für andere Hochleitfähigkeitsbereiche hervor. Historische Bohrungen in der F-Zone zeigten vielversprechende Ergebnisse, und eine Bohrloch-Elektromagnetische Untersuchung ist im Gange, um weitere Mineralisierungen zu identifizieren. Das Unternehmen folgt auch ähnlichen Zielen in der B-Zone, die in einer EM-Untersuchung von 2024 identifiziert wurden. Qualitätssicherung und -kontrolle werden durch strenge Probenahme- und Analyseprotokolle sichergestellt.
- Intersected 4.0 metres of massive sulphide with 3.95% nickel.
- Additional 1.61% nickel over 12 metres in the same drillhole.
- Ongoing exploration in high-grade nickel zones.
- Historical drilling in the F-Zone showed promising results.
- True width of the drillhole not calculated.
Highlights
3.95% nickel,0.40% copper,0.15% cobalt and 1.08 g/t palladium & platinum over 4.0 metres within1.61% nickel over 12 metres- Drilling continuing in Bannockburn B-Zone to target other high conductivity areas
CEO Mark Selby said, "These are very exciting results and one of the highest-grade nickel intervals discovered this year - highlighting the potential of our district scale land package and significant nickel resources to also deliver high grade nickel. I look forward to further unlocking the potential of the Bannockburn F-Zone target, while also continuing to test the other high potential conductors identified in other zones of the
Bannockburn Property
The Bannockburn Property is located 65 kilometres south of
Bannockburn F-Zone
Results from assays for massive sulphides identified in drillhole BAN24-18 confirmed very high-grade nickel mineralization of
Canada Nickel was testing the previously identified F-Zone (Figure 2) which had been historically drilled by Outokumpu Mining Oy and Mustang Minerals Corp. in the late 1990s and early 2000s and yielded narrow intervals of net-textured and massive sulphide mineralization including 2.8 metres of
The Company is now conducting a borehole electromagnetic (BHEM) survey. The BHEM survey will test for the presence of conductive sulphide mineralization beyond the extents of the drillhole and can indicate the approximate size and location of the conductor representing the mineralized sulphide system. Additional holes will be drilled based on the BHEM results.
Canada Nickel is also following up with similar targets inside the B-Zone that were highlighted during a semi-airborne EM survey (drone and ground loop) that was flown during the summer of 2024, performed by Rosor Corp. The survey shows two other higher conductivity/lower resistivity targets within the B-Zone.
Table 1: Selected Assays BAN24-18
Hole ID | From | To | Length | Ni % | Cu % | Co % | Pd g/t | Pt g/t |
BAN24-18 | 238.7 | 264.0 | 25.3 | 0.85 | 0.083 | 0.036 | 0.145 | 0.086 |
including | 252.0 | 264.0 | 12.0 | 1.61 | 0.169 | 0.065 | 0.289 | 0.171 |
including | 260.0 | 264.0 | 4.0 | 3.95 | 0.399 | 0.152 | 0.658 | 0.427 |
including | 261.0 | 264.0 | 3.0 | 4.36 | 0.322 | 0.167 | 0.385 | 0.390 |
*Drillhole length. True width not calculated
Table 2: Drillhole Orientation
Hole ID | Easting (mE) | Northing (mN) | Azimuth (⁰) | Dip (⁰) | Length (m) |
F-Zone | |||||
BAN24-18 | 507393 | 5311706 | 70 | -80 | 441 |
Statement Regarding TSX Venture
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Quality Assurance and Control, Drilling and Assaying
Edwin Escarraga, MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao (
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "qualified person" as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel.
About Canada Nickel Company
Canada Nickel Company Inc. 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 NickelTM, NetZero CobaltTM, NetZero IronTM 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
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, and the completion of assays, follow-up geophysics and further drilling. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/canada-nickel-announces-assay-results-from-massive-sulphide-intersection-at-bannockburn-project-302300600.html
SOURCE Canada Nickel Company Inc.
FAQ
What were the assay results from Canada Nickel's drillhole BAN24-18?
Where is the Bannockburn Project located?
What is the significance of the F-Zone in the Bannockburn Project?
What are the future plans for Canada Nickel's Bannockburn Project?
What is the stock symbol for Canada Nickel?
