Canada Nickel Announces Assay Results from Second High Grade Sulphide Intersection at Bannockburn Project
Canada Nickel reported positive assay results from drill hole BAN24-20 at its Bannockburn property, located 65 kilometers south of Timmins. The hole intersected 1.11% nickel over 10.1 metres, including 1.32% nickel, 0.17% copper, and 0.55 g/t palladium + platinum over 4.4 metres.
This mineralized interval is situated 138 metres northwest of BAN24-18, which previously intersected 1.61% nickel over 12.0 metres. The company has completed a new BHEM survey in BAN24-20 to test the continuation of high-grade horizons, revealing two separate lenses of mineralization. Follow-up drilling is currently in progress with hole BAN24-21.
Canada Nickel ha riportato risultati di analisi positivi dal pozzo di perforazione BAN24-20 presso la sua proprietà di Bannockburn, situata a 65 chilometri a sud di Timmins. Il pozzo ha intersecato 1,11% di nichel su 10,1 metri, inclusi 1,32% di nichel, 0,17% di rame e 0,55 g/t di palladio + platino su 4,4 metri.
Questo intervallo mineralizzato si trova a 138 metri a nord-ovest di BAN24-18, che in precedenza aveva intersecato 1,61% di nichel su 12,0 metri. L'azienda ha completato un nuovo sondaggio BHEM in BAN24-20 per testare la continuazione degli orizzonti ad alta leggerezza, rivelando due lenti separate di mineralizzazione. I lavori di perforazione di follow-up sono attualmente in corso con il foro BAN24-21.
Canada Nickel reportó resultados de análisis positivos del pozo de perforación BAN24-20 en su propiedad de Bannockburn, ubicada a 65 kilómetros al sur de Timmins. El pozo intersectó 1.11% de níquel en 10.1 metros, incluyendo 1.32% de níquel, 0.17% de cobre y 0.55 g/t de paladio + platino en 4.4 metros.
Este intervalo mineralizado se encuentra a 138 metros al noroeste del BAN24-18, que previamente intersectó 1.61% de níquel en 12.0 metros. La empresa ha completado una nueva encuesta BHEM en BAN24-20 para probar la continuación de horizontes de alta ley, revelando dos lentes de mineralización separadas. Se están llevando a cabo perforaciones de seguimiento actualmente con el pozo BAN24-21.
캐나다 니켈은 팀민스에서 65킬로미터 남쪽에 위치한 배넉번(Bannockburn) 자산의 드릴 홀 BAN24-20에서 긍정적인 분석 결과를 보고했습니다. 이 홀은 10.1미터에 걸쳐 1.11% 니켈을 포함하여, 4.4미터에 걸쳐 1.32% 니켈, 0.17% 구리 및 0.55g/t 팔라듐 + 플래티넘을 포함하고 있습니다.
이 광물화된 구간은 BAN24-18의 북서쪽 138미터 지점에 위치하며, 해당 홀은 이전에 12.0미터에 걸쳐 1.61% 니켈을 발견했습니다. 회사는 고등급 수평의 연속성을 테스트하기 위해 BAN24-20에서 새로운 BHEM 조사를 완료했으며, 두 개의 분리된 광물화 렌즈를 밝혔습니다. 현재 BAN24-21 홀에 대한 후속 드릴링이 진행 중입니다.
Canada Nickel a annoncé des résultats d'analyse positifs du trou de forage BAN24-20 sur sa propriété de Bannockburn, située à 65 kilomètres au sud de Timmins. Le trou a intercepté 1,11% de nickel sur 10,1 mètres, incluant 1,32% de nickel, 0,17% de cuivre et 0,55 g/t de palladium + platine sur 4,4 mètres.
Ce intervalle minéralisé est situé à 138 mètres au nord-ouest de BAN24-18, qui avait précédemment intercepté 1,61% de nickel sur 12,0 mètres. La société a complété une nouvelle enquête BHEM dans BAN24-20 pour tester la continuité des horizons de haute teneur, révélant deux lentilles distinctes de minéralisation. Un forage de suivi est actuellement en cours avec le trou BAN24-21.
Canada Nickel berichtete über positive Analyseergebnisse aus dem Bohrloch BAN24-20 auf seinem Bannockburn-Grundstück, das 65 Kilometer südlich von Timmins liegt. Das Loch durchteufte 1,11% Nickel über 10,1 Meter, einschließlich 1,32% Nickel, 0,17% Kupfer und 0,55 g/t Palladium + Platin über 4,4 Meter.
Dieser mineralisierte Abschnitt befindet sich 138 Meter nordwestlich von BAN24-18, das zuvor 1,61% Nickel über 12,0 Meter durchteufte. Das Unternehmen hat eine neue BHEM-Umfrage in BAN24-20 durchgeführt, um die Fortsetzung der hochgradigen Horizonte zu testen, und zwei separate Linsen der Mineralisierung entdeckt. Die Nachfolgebewetterungen sind derzeit mit dem Loch BAN24-21 im Gange.
- High-grade nickel intersection of 1.11% over 10.1 metres
- Second successful drill hole confirming mineralization continuation
- Discovery of two separate mineralized lenses indicating potential resource expansion
- None.
Highlights
- Well-mineralized interval grading
1.11% nickel over 10.1 metres including1.32% nickel,0.17% copper and 0.55 g/t palladium + platinum over 4.4 metres - Mineralized interval is 138 metres northwest of BAN24-18 which intersected
1.61% nickel over 12.0 metres including3.95% nickel over 4.0 metres - Follow-up drillhole BAN24-21 is in progress with BHEM survey scheduled
CEO Mark Selby said, "We are very pleased that this second hole at
Bannockburn Property
The
Bannockburn F-Zone
Results from assays for high grade nickel mineralization identified in drillhole BAN24-20 highlight up to
The Company completed a new BHEM survey in BAN24-20 to test the continuation and extent of the high-grade horizons intersected in holes BAN24-18 and BAN24-20. The two intersections appear to be from two separate lenses. Massive sulphides at BAN24-18 appear within a volcanic package, whilst sulphides at BAN24-20 are at the upper contact of a thick sequence of mineralized ultramafic rocks. The Company is currently following up drilling the target with hole BAN24-21.
Table 1: Selected Assays BAN24-20
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Cu % | Co % | Pd g/t | Pt g/t | S (%) |
BAN24-20 | 470.3 | 486.0 | 15.7 | 0.80 | 0.08 | 0.03 | 0.207 | 0.084 | 4.58 |
including | 470.3 | 480.4 | 10.1 | 1.11 | 0.13 | 0.04 | 0.318 | 0.126 | 6.99 |
including | 476.0 | 480.4 | 4.4 | 1.32 | 0.17 | 0.05 | 0.394 | 0.157 | 7.78 |
*Drillhole length. True width not calculated |
a) Volcanics to peridotite contact, with Net-texture sulphides (Po (Pyrrhotite)>Pn (Pentlandite) and continuing into disseminated sulphides
Table 2: Drillhole Orientation
Hole ID | Easting (mE) | Northing (mN) | Azimuth (⁰) | Dip (⁰) | Length (m) |
F-Zone | |||||
BAN24-20 | 507326 | 5311585 | 34 | -60 | 552 |
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. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.
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 Nickel™, NetZero Cobalt™, NetZero Iron™ 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, and failure to obtain regulatory 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.
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SOURCE Canada Nickel Company Inc.
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