Canada Nickel Announces Filing of NI 43-101 Technical Report for Previously Announced Reid Nickel Sulphide Project Initial Mineral Resource
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) has filed a NI 43-101 technical report on SEDAR+ for its Reid Nickel Sulphide Project near Timmins, Ontario. The report confirms the initial mineral resource estimate announced on December 23, 2024, with an effective date of December 5, 2024.
The Reid project represents the second of eight additional resources expected to be published by mid-2025. According to CEO Mark Selby, the Reid resource is significantly larger than the initial Crawford resource and features a favorable strip ratio of 1.2. The project's target footprint is more than double the size of the company's flagship Crawford Project, highlighting the potential of the Timmins Nickel District.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) ha presentato un rapporto tecnico NI 43-101 su SEDAR+ per il suo Reid Nickel Sulphide Project vicino a Timmins, Ontario. Il rapporto conferma la stima iniziale delle risorse minerarie annunciata il 23 dicembre 2024, con data di riferimento del 5 dicembre 2024.
Il progetto Reid rappresenta la seconda delle otto risorse aggiuntive che si prevede verranno pubblicate entro metà 2025. Secondo l'amministratore delegato Mark Selby, la risorsa di Reid è significativamente più grande rispetto alla risorsa iniziale di Crawford e presenta un rapporto di estrazione favorevole di 1,2. L'area target del progetto è più del doppio della dimensione del progetto di punta Crawford dell'azienda, evidenziando il potenziale del Distretto Nickel di Timmins.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) ha presentado un informe técnico NI 43-101 en SEDAR+ para su Reid Nickel Sulphide Project cerca de Timmins, Ontario. El informe confirma la estimación inicial de recursos minerales anunciada el 23 de diciembre de 2024, con fecha de referencia del 5 de diciembre de 2024.
El proyecto Reid representa el segundo de ocho recursos adicionales que se espera publicar para mediados de 2025. Según el CEO Mark Selby, el recurso de Reid es significativamente más grande que el recurso inicial de Crawford y presenta una relación de desmonte favorable de 1,2. La huella objetivo del proyecto es más del doble del tamaño del proyecto insignia Crawford de la empresa, destacando el potencial del Distrito Nickel de Timmins.
캐나다 니켈 회사 (TSXV: CNC) (OTCQB: CNIKF)는 온타리오주 팀민스 근처의 리드 니켈 황화물 프로젝트에 대해 SEDAR+에 NI 43-101 기술 보고서를 제출했습니다. 이 보고서는 2024년 12월 23일에 발표된 초기 광물 자원 추정치를 2024년 12월 5일의 기준 날짜로 확인합니다.
리드 프로젝트는 2025년 중반까지 발표될 것으로 예상되는 여덟 개의 추가 자원 중 두 번째입니다. CEO 마크 셀비에 따르면, 리드 자원은 초기 크로포드 자원보다 상당히 크며 1.2의 유리한 선광비를 보여줍니다. 이 프로젝트의 목표 면적은 회사의 대표 프로젝트인 크로포드 프로젝트의 두 배가 넘으며, 팀민스 니켈 지구의 잠재력을 강조합니다.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) a déposé un rapport technique NI 43-101 sur SEDAR+ pour son Reid Nickel Sulphide Project près de Timmins, Ontario. Le rapport confirme l'estimation initiale des ressources minérales annoncée le 23 décembre 2024, avec une date d'entrée en vigueur du 5 décembre 2024.
Le projet Reid représente la deuxième des huit ressources supplémentaires qui devraient être publiées d'ici mi-2025. Selon le PDG Mark Selby, la ressource de Reid est significativement plus grande que la ressource initiale de Crawford et présente un ratio de décapage favorable de 1,2. La superficie cible du projet est plus de deux fois celle du projet phare Crawford de l'entreprise, soulignant le potentiel du district de nickel de Timmins.
Canada Nickel Company (TSXV: CNC) (OTCQB: CNIKF) hat einen technischen Bericht gemäß NI 43-101 auf SEDAR+ für sein Reid Nickel Sulphide Project in der Nähe von Timmins, Ontario, eingereicht. Der Bericht bestätigt die ursprüngliche Schätzung der Mineralressourcen, die am 23. Dezember 2024 angekündigt wurde, mit einem Stichtag vom 5. Dezember 2024.
Das Reid-Projekt stellt die zweite von acht zusätzlichen Ressourcen dar, die bis Mitte 2025 veröffentlicht werden sollen. Laut CEO Mark Selby ist die Reid-Ressource deutlich größer als die ursprüngliche Crawford-Ressource und weist ein günstiges Abraumverhältnis von 1,2 auf. Die Zielfläche des Projekts ist mehr als doppelt so groß wie die des Flaggschiffprojekts Crawford des Unternehmens, was das Potenzial des Timmins Nickel Districts verdeutlicht.
- Reid resource size exceeds initial Crawford resource
- Favorable strip ratio of 1.2
- Target footprint more than twice the size of Crawford Project
- Company owns 100% of the Reid project
- Six more resource publications expected by mid-2025
- None.
Mark Selby, CEO of Canada Nickel said, "Reid is the second of eight additional resources we expect to publish by mid-2025. The size and scale of the Reid resource, which is significantly larger than the initial Crawford resource, validates our belief in the potential of the Timmins Nickel District. Reid's target footprint is more than twice the size of our flagship Crawford Project and benefits from a lower strip ratio of 1.2. We look forward to continuing to demonstrate the potential of this world class nickel district."
The full technical report dated February 5, 2025, with an effective date of December 5, 2024, is titled "National Instrument 43-101 Initial Mineral Resource Estimate for the Reid Nickel Deposit and Technical Report, Reid Nickel-Cobalt Sulphide Project." The Report was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and can be found under the Company's issuer profile at www.sedarplus.ca.
Qualified Person
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "Qualified Person" as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.
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 Note and 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, the potential of Reid, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. 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. 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.
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SOURCE Canada Nickel Company Inc.
FAQ
What is the size of Canada Nickel's Reid project compared to Crawford?
What is the strip ratio of CNIKF's Reid Nickel Project?
How many additional resources does CNIKF plan to publish by mid-2025?
When was the Reid project's mineral resource estimate effective date?
What is Canada Nickel's ownership stake in the Reid Nickel Project?
