Canada Nickel Announces Positive Regional Exploration Results including Best Regional Exploration Result to Date at Midlothian
Canada Nickel announced positive exploration results from multiple properties in the Timmins Nickel District. Key highlights include:
- Midlothian: Best regional result with 470 meters of 0.31% nickel, including 13.5 meters of 0.41% nickel
- Bannockburn: Eight holes with well-mineralized intervals, five containing >0.3% nickel
- Deloro: Eleven holes with mineralized intervals, including 371 meters of 0.27% nickel
- Nesbitt: Drilling yielded 382 meters of 0.22% nickel
The company completed over 118,000 meters of drilling on 14 properties during its 2024 campaign. All properties are within 100 kilometers of the Timmins mining camp. The company expects to publish a total of eight additional regional resources by mid-2025, including resources at Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt, and Texmont.
Canada Nickel ha annunciato risultati positivi di esplorazione da più proprietà nel Distretto del Nichel di Timmins. I punti salienti includono:
- Midlothian: Miglior risultato regionale con 470 metri di 0.31% di nichel, inclusi 13.5 metri di 0.41% di nichel
- Bannockburn: Otto perforazioni con intervalli ben mineralizzati, cinque contenenti >0.3% di nichel
- Deloro: Undici perforazioni con intervalli mineralizzati, inclusi 371 metri di 0.27% di nichel
- Nesbitt: La perforazione ha prodotto 382 metri di 0.22% di nichel
L'azienda ha completato oltre 118.000 metri di perforazione su 14 proprietà durante la sua campagna del 2024. Tutte le proprietà si trovano entro 100 chilometri dal campo minerario di Timmins. L'azienda prevede di pubblicare un totale di otto ulteriori risorse regionali entro la metà del 2025, incluse risorse a Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt e Texmont.
Canada Nickel anunció resultados de exploración positivos de múltiples propiedades en el Distrito de Níquel de Timmins. Los aspectos destacados incluyen:
- Midlothian: Mejor resultado regional con 470 metros de 0.31% de níquel, incluyendo 13.5 metros de 0.41% de níquel
- Bannockburn: Ocho perforaciones con intervalos bien mineralizados, cinco con >0.3% de níquel
- Deloro: Once perforaciones con intervalos mineralizados, incluyendo 371 metros de 0.27% de níquel
- Nesbitt: La perforación dio 382 metros de 0.22% de níquel
La compañía completó más de 118,000 metros de perforación en 14 propiedades durante su campaña de 2024. Todas las propiedades están dentro de 100 kilómetros del campamento minero de Timmins. La empresa espera publicar un total de ocho recursos regionales adicionales para mediados de 2025, incluyendo recursos en Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt y Texmont.
캐나다 니켈이 팀민스 니켈 지구의 여러 부동산에서 긍정적인 탐사 결과를 발표했습니다. 주요 포인트는 다음과 같습니다:
- 미들로시안: 0.31% 니켈의 470미터로 지역 최고의 결과, 13.5미터의 0.41% 니켈 포함
- 배넉번: 8개의 구멍에서 잘 광물화된 구간, 5개는 >0.3% 니켈 포함
- 델로로: 광물화된 구간을 가진 11개의 구멍, 371미터의 0.27% 니켈 포함
- 네스빗: 드릴링으로 0.22% 니켈의 382미터 확보
회사는 2024 캠페인 기간 동안 14개 부동산에서 118,000미터 이상의 드릴링을 완료했습니다. 모든 부동산은 팀민스 광산 캠프에서 100킬로미터 이내에 있습니다. 회사는 배넉번, 만 센트럴, 만 웨스트, 미들로시안, 네스빗 및 텍스몬트에서의 자원을 포함하여 2025년 중반까지 8개의 추가 지역 자원 총계를 발표할 것으로 예상하고 있습니다.
Canada Nickel a annoncé des résultats d'exploration positifs provenant de plusieurs propriétés dans le district du nickel de Timmins. Les points clés incluent :
- Midlothian : Meilleur résultat régional avec 470 mètres à 0,31 % de nickel, dont 13,5 mètres à 0,41 % de nickel
- Bannockburn : Huit trous avec des intervalles bien minéralisés, cinq contenant >0,3 % de nickel
- Deloro : Onze trous avec des intervalles minéralisés, dont 371 mètres à 0,27 % de nickel
- Nesbitt : Le forage a donné 382 mètres à 0,22 % de nickel
La société a complété plus de 118 000 mètres de forage sur 14 propriétés pendant sa campagne de 2024. Toutes les propriétés se trouvent à moins de 100 kilomètres du camp minier de Timmins. L'entreprise prévoit de publier un total de huit ressources régionales supplémentaires d'ici la mi-2025, y compris des ressources à Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt et Texmont.
Canada Nickel hat positive Explorationsergebnisse aus mehreren Liegenschaften im Nickelbezirk Timmins bekannt gegeben. Die wichtigsten Punkte sind:
- Midlothian: Bester regionaler Wert mit 470 Metern bei 0.31% Nickel, einschließlich 13.5 Metern bei 0.41% Nickel
- Bannockburn: Acht Bohrungen mit gut mineralisierten Intervallen, fünf davon mit >0.3% Nickel
- Deloro: Elf Bohrungen mit mineralisierten Intervallen, darunter 371 Meter bei 0.27% Nickel
- Nesbitt: Das Bohren ergab 382 Meter bei 0.22% Nickel
Das Unternehmen hat während seiner Kampagne 2024 über 118.000 Meter Bohrungen in 14 Liegenschaften abgeschlossen. Alle Liegenschaften befinden sich innerhalb von 100 Kilometern vom Bergbaucamp Timmins. Das Unternehmen erwartet, bis Mitte 2025 insgesamt acht weitere regionale Ressourcen zu veröffentlichen, einschließlich Ressourcen in Bannockburn, Mann Central, Mann West, Midlothian, Nesbitt und Texmont.
- Multiple properties showing consistent nickel mineralization with significant intervals
- Midlothian achieving highest regional grades to date
- Eight new resources expected by mid-2025
- Strategic location of properties within 100km of Timmins mining camp
- Successful expansion of existing resources at Deloro
- None.
Highlights
- Midlothian: entire mineralized core length of 470 metres of
0.31% nickel, including 13.5 metres of0.41% nickel in hole MID24-15 Bannockburn : All eight holes yielded well-mineralized intervals with five of eight holes containing intervals >0.3% nickel.Deloro : All eleven holes intersected well-mineralized intervals including hole DEL24-28 with 371 metres of0.27% nickel including 39 metres of0.30% nickelNesbitt : Drilling resumed with 382 metres of0.22% nickel, including 27 metres of0.27% nickel intersected in NES24-13- An additional regional resource to be published - total of eight resources by mid-2025
CEO Mark Selby said, "Today's results from four separate regional properties continue to demonstrate the scale of the sulphide nickel potential of the Timmins Nickel District. Midlothian's drilling results are showing consistent grades with an average grade that is the highest to date of all the Company's regional properties.
The Company now expects to publish a total of eight additional regional resources by mid-2025. Reid and
The Bannockburn Property is located 65 kilometres south of
A single hole (BAN24-10) was drilled into the smaller D-zone to the northwest, confirming continuation of the mineralized ultramafic body almost 1 kilometre northwest of the main B-zone. The D-zone will need further drilling to test its potential extension from and connection to the B-zone (Figure 1).
Canada Nickel has also followed up on other prospective targets that tested for higher-grade material. Historically, higher grade intervals have been drilled at
Table 1 –
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % |
BAN24-07 | 67.3 | 402 | 334.7 | 0.26 | 0.010 | 0.003 | 0.005 | 0.15 | 4.11 | 0.01 |
including | 116.5 | 151 | 34.5 | 0.29 | 0.009 | 0.003 | 0.003 | 0.10 | 3.68 | 0.01 |
BAN24-08 | 58.5 | 115 | 56.5 | 0.22 | 0.010 | 0.003 | 0.003 | 0.16 | 5.80 | 0.05 |
and | 205.5 | 351 | 145.5 | 0.23 | 0.011 | 0.004 | 0.005 | 0.25 | 5.72 | 0.03 |
BAN24-09 | 24 | 66 | 42.0 | 0.24 | 0.010 | 0.003 | 0.005 | 0.36 | 5.47 | 0.07 |
and | 87 | 351 | 264.0 | 0.27 | 0.010 | 0.005 | 0.005 | 0.13 | 4.36 | 0.04 |
including | 225 | 331.5 | 106.5 | 0.30 | 0.009 | 0.007 | 0.006 | 0.10 | 3.57 | 0.05 |
BAN24-10 | 81 | 402 | 321.0 | 0.27 | 0.012 | 0.003 | 0.004 | 0.31 | 5.71 | 0.01 |
including | 217.5 | 298.5 | 81.0 | 0.30 | 0.011 | 0.004 | 0.003 | 0.10 | 5.00 | 0.01 |
BAN24-11 | 73.9 | 363.5 | 289.6 | 0.29 | 0.009 | 0.005 | 0.004 | 0.10 | 3.62 | 0.04 |
including | 75.5 | 99.5 | 24.0 | 0.40 | 0.011 | 0.020 | 0.013 | 0.11 | 3.94 | 0.12 |
BAN24-12 | 53.5 | 351 | 297.5 | 0.27 | 0.009 | 0.003 | 0.003 | 0.11 | 3.85 | 0.01 |
BAN24-14 | 60 | 401 | 341.0 | 0.29 | 0.009 | 0.004 | 0.004 | 0.11 | 3.81 | 0.02 |
including | 329 | 392 | 63.0 | 0.31 | 0.010 | 0.011 | 0.009 | 0.11 | 3.99 | 0.04 |
BAN24-15 | 112.9 | 253.0 | 140.1 | 0.22 | 0.009 | 0.003 | 0.004 | 0.14 | 5.08 | 0.05 |
and | 333.0 | 426.0 | 93.0 | 0.28 | 0.012 | 0.018 | 0.012 | 0.19 | 6.54 | 0.55 |
including | 334.0 | 343.0 | 9.0 | 0.44 | 0.017 | 0.066 | 0.039 | 0.25 | 7.80 | 1.35 |
and | 368.5 | 376.0 | 7.5 | 0.55 | 0.018 | 0.066 | 0.036 | 0.18 | 7.13 | 1.70 |
*True width undetermined. All lengths are drillhole lengths. |
Drill results in italics with significantly higher sulphur contents are interpreted to be extensions of the C-Zone into the B-Zone |
The Midlothian property is located 70 kilometres south-southeast of
With the combined 2023 and 2024 drilling, the company intends to produce an initial resource estimate at Midlothian by mid-2025.
Table 2 – Midlothian drilling highlights.
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % |
MID24-05 | 15.5 | 406.4 | 390.9 | 0.28 | 0.011 | 0.003 | 0.003 | 0.14 | 4.71 | 0.01 |
including | 141.5 | 237.5 | 96.0 | 0.30 | 0.012 | 0.003 | 0.003 | 0.12 | 4.33 | 0.01 |
MID24-06 | 0.2 | 253.6 | 253.4 | 0.26 | 0.012 | 0.003 | 0.003 | 0.31 | 5.53 | 0.01 |
including | 174 | 253.6 | 79.6 | 0.30 | 0.011 | 0.003 | 0.003 | 0.12 | 4.87 | 0.01 |
and | 252 | 399 | 147.0 | 0.30 | 0.011 | 0.003 | 0.003 | 0.11 | 4.59 | 0.01 |
MID24-07 | 2.5 | 385.5 | 383.0 | 0.26 | 0.011 | 0.003 | 0.003 | 0.26 | 5.53 | 0.02 |
including | 42 | 85.5 | 43.5 | 0.30 | 0.011 | 0.003 | 0.003 | 0.11 | 4.26 | 0.02 |
MID24-08 | 35.3 | 317 | 281.7 | 0.26 | 0.011 | 0.003 | 0.004 | 0.27 | 5.40 | 0.02 |
and | 319 | 399 | 80.0 | 0.28 | 0.011 | 0.003 | 0.003 | 0.14 | 4.69 | 0.01 |
MID24-09 | 6.5 | 89.7 | 83.2 | 0.29 | 0.010 | 0.003 | 0.003 | 0.11 | 4.20 | 0.04 |
and | 138.5 | 399 | 260.5 | 0.27 | 0.012 | 0.004 | 0.004 | 0.25 | 5.62 | 0.02 |
including | 139.5 | 190.5 | 51.0 | 0.30 | 0.011 | 0.003 | 0.003 | 0.26 | 4.06 | 0.03 |
MID24-10 | 126 | 406.5 | 280.5 | 0.24 | 0.012 | 0.004 | 0.005 | 0.26 | 5.60 | 0.03 |
including | 286.5 | 342 | 55.5 | 0.29 | 0.011 | 0.003 | 0.004 | 0.14 | 4.67 | 0.01 |
MID24-11 | 8.8 | 31.1 | 22.3 | 0.28 | 0.011 | 0.002 | 0.002 | 0.10 | 3.65 | 0.06 |
and | 119 | 385 | 266.0 | 0.26 | 0.012 | 0.003 | 0.003 | 0.28 | 5.39 | 0.02 |
including | 119 | 229 | 110.0 | 0.29 | 0.010 | 0.003 | 0.004 | 0.11 | 4.43 | 0.02 |
MID24-12 | 4 | 71.9 | 67.9 | 0.27 | 0.011 | 0.003 | 0.003 | 0.29 | 5.36 | 0.07 |
and | 94.2 | 185.5 | 91.3 | 0.19 | 0.012 | 0.006 | 0.008 | 0.39 | 6.72 | 0.04 |
and | 212.5 | 399 | 186.5 | 0.23 | 0.011 | 0.003 | 0.003 | 0.24 | 6.00 | 0.02 |
MID24-15 | 31.3 | 501.0 | 469.7 | 0.31 | 0.010 | 0.003 | 0.003 | 0.11 | 4.02 | 0.02 |
Including | 342.0 | 372.0 | 30.0 | 0.34 | 0.010 | 0.003 | 0.003 | 0.11 | 4.17 | 0.01 |
and | 469.5 | 483.0 | 13.5 | 0.41 | 0.010 | 0.003 | 0.003 | 0.10 | 3.83 | 0.01 |
MID24-16 | 7 | 384 | 377.0 | 0.29 | 0.011 | 0.003 | 0.003 | 0.20 | 4.78 | 0.01 |
*True width undetermined. All lengths are drillhole lengths. |
The Deloro Project is located just 8 kilometres south of
Table 3 –
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % |
DEL24-23 | 8.5 | 70.9 | 62.4 | 0.23 | 0.010 | 0.003 | 0.003 | 0.16 | 5.37 | 0.08 |
and | 121.3 | 402.0 | 280.7 | 0.26 | 0.010 | 0.003 | 0.003 | 0.28 | 5.25 | 0.06 |
including | 339.5 | 375.5 | 36.0 | 0.29 | 0.010 | 0.003 | 0.003 | 0.13 | 5.22 | 0.07 |
DEL24-25 | 12.0 | 368.0 | 356.0 | 0.25 | 0.012 | 0.003 | 0.004 | 0.33 | 5.67 | 0.08 |
including | 252.0 | 316.5 | 64.5 | 0.28 | 0.012 | 0.003 | 0.003 | 0.25 | 5.25 | 0.04 |
DEL24-27 | 14.0 | 226.0 | 212.0 | 0.25 | 0.011 | 0.003 | 0.004 | 0.35 | 5.70 | 0.05 |
and | 240.0 | 268.5 | 28.5 | 0.27 | 0.011 | 0.003 | 0.003 | 0.28 | 5.19 | 0.08 |
and | 277.5 | 501 | 223.5 | 0.27 | 0.011 | 0.003 | 0.003 | 0.28 | 5.19 | 0.08 |
including | 339.0 | 358.5 | 19.5 | 0.30 | 0.012 | 0.003 | 0.004 | 0.25 | 5.18 | 0.04 |
and | 451.5 | 471.0 | 19.5 | 0.30 | 0.012 | 0.003 | 0.003 | 0.22 | 5.34 | 0.05 |
DEL24-28 | 130.0 | 501.0 | 371.0 | 0.27 | 0.011 | 0.003 | 0.003 | 0.19 | 5.00 | 0.05 |
including | 252.0 | 291.0 | 39.0 | 0.30 | 0.011 | 0.003 | 0.003 | 0.16 | 5.20 | 0.05 |
DEL24-29B | 120.4 | 363.0 | 242.6 | 0.23 | 0.012 | 0.003 | 0.004 | 0.43 | 5.95 | 0.06 |
DEL24-31 | 12.5 | 292.3 | 279.8 | 0.26 | 0.011 | 0.003 | 0.003 | 0.23 | 5.24 | 0.08 |
and | 317.5 | 389.5 | 72.0 | 0.23 | 0.010 | 0.003 | 0.003 | 0.21 | 4.86 | 0.22 |
and | 486.5 | 519.0 | 32.5 | 0.22 | 0.010 | 0.003 | 0.003 | 0.20 | 5.25 | 0.09 |
DEL24-32 | 48.7 | 416.5 | 367.8 | 0.26 | 0.011 | 0.003 | 0.004 | 0.33 | 5.66 | 0.04 |
including | 267.0 | 394.5 | 127.5 | 0.29 | 0.011 | 0.003 | 0.003 | 0.24 | 5.37 | 0.05 |
DEL24-33 | 3.6 | 198.8 | 195.2 | 0.24 | 0.010 | 0.003 | 0.003 | 0.18 | 5.21 | 0.06 |
including | 4.5 | 22.5 | 18.0 | 0.29 | 0.010 | 0.003 | 0.003 | 0.11 | 5.27 | 0.08 |
DEL24-34 | 18.0 | 58.0 | 40.0 | 0.20 | 0.012 | 0.003 | 0.005 | 0.49 | 5.71 | 0.02 |
and | 93.0 | 420.0 | 327.0 | 0.27 | 0.011 | 0.003 | 0.003 | 0.20 | 4.95 | 0.05 |
DEL24-36 | 42.0 | 231.6 | 189.6 | 0.21 | 0.010 | 0.004 | 0.004 | 0.23 | 5.68 | 0.04 |
DEL24-37 | 9.2 | 196.7 | 187.5 | 0.28 | 0.010 | 0.003 | 0.003 | 0.22 | 4.53 | 0.03 |
Including | 51.0 | 75.0 | 24.0 | 0.30 | 0.011 | 0.003 | 0.003 | 0.27 | 4.73 | 0.01 |
and | 204.6 | 501.0 | 296.4 | 0.28 | 0.011 | 0.003 | 0.003 | 0.12 | 5.11 | 0.03 |
*True width undetermined. All lengths are drillhole lengths. |
The Nesbitt Property is located just 7 kilometres north-northwest of Canada Nickel's Crawford Nickel Sulphide Project.
Given the close proximity to Crawford and minimal overburden,
In the fall of 2024, the Company drilled eight new holes to infill sections of the
Assay results from seven of the drillholes (Figure 4) are disclosed in this release. All holes intersected serpentinized and mineralized peridotite and lesser dunite, interrupted by minor late dykes.
Table 4 – Drilling highlights
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % |
NES24-12 | 21.7 | 272.4 | 250.7 | 0.24 | 0.012 | 0.008 | 0.008 | 0.30 | 6.06 | 0.09 |
NES24-13 | 67.8 | 450.0 | 382.2 | 0.22 | 0.011 | 0.006 | 0.007 | 0.34 | 6.32 | 0.07 |
including | 268.5 | 295.5 | 27.0 | 0.27 | 0.010 | 0.009 | 0.008 | 0.12 | 4.71 | 0.19 |
and | 372.0 | 378.0 | 6.0 | 0.30 | 0.012 | 0.012 | 0.012 | 0.20 | 5.26 | 0.09 |
NES24-15 | 22.5 | 351.0 | 328.5 | 0.23 | 0.011 | 0.003 | 0.005 | 0.27 | 5.80 | 0.06 |
NES24-16 | 25.5 | 74.9 | 49.4 | 0.23 | 0.012 | 0.010 | 0.008 | 0.25 | 6.29 | 0.07 |
and | 137.7 | 148.0 | 10.3 | 0.25 | 0.011 | 0.013 | 0.010 | 0.14 | 5.02 | 0.11 |
and | 155.5 | 168.0 | 12.5 | 0.23 | 0.010 | 0.008 | 0.006 | 0.17 | 5.32 | 0.16 |
NES24-17 | 7.5 | 149.5 | 142.0 | 0.20 | 0.012 | 0.019 | 0.016 | 0.31 | 6.88 | 0.08 |
and | 186.2 | 205.0 | 18.8 | 0.21 | 0.012 | 0.010 | 0.005 | 0.31 | 6.50 | 0.08 |
NES24-18 | 54.0 | 97.5 | 43.5 | 0.17 | 0.011 | 0.005 | 0.008 | 0.47 | 7.31 | 0.04 |
and | 172.3 | 201.0 | 28.7 | 0.19 | 0.011 | 0.009 | 0.008 | 0.37 | 6.67 | 0.03 |
and | 230.0 | 501.0 | 271.0 | 0.18 | 0.011 | 0.010 | 0.008 | 0.45 | 6.96 | 0.04 |
NES24-19 | 88.5 | 208.5 | 120.0 | 0.19 | 0.012 | 0.010 | 0.006 | 0.39 | 7.10 | 0.05 |
and | 214.8 | 308.8 | 94.0 | 0.24 | 0.011 | 0.008 | 0.006 | 0.20 | 5.80 | 0.05 |
*True width undetermined. All lengths are drillhole lengths. |
Table 5: Drillhole Orientation
Hole ID | Easting (mE) | Northing (mN) | Azimuth (⁰) | Dip (⁰) | Length (m) |
DEL24-23 | 480980 | 5360569 | 60 | -84 | 402 |
DEL24-25 | 480231 | 5361597 | 70 | -50 | 408 |
DEL24-27 | 480334 | 5361525 | 70 | -84 | 501 |
DEL24-28 | 480294 | 5361200 | 70 | -50 | 501 |
DEL24-29B | 480713 | 5360636 | 310 | -76 | 363 |
DEL24-31 | 480475 | 5361470 | 70 | -50 | 519 |
DEL24-32 | 480240 | 5361390 | 70 | -50 | 501 |
DEL24-33 | 480809 | 5361303 | 70 | -50 | 300 |
DEL24-34 | 480497 | 5360715 | 70 | -50 | 420 |
DEL24-36 | 480900 | 5360945 | 70 | -50 | 336 |
DEL24-37 | 480566 | 5360849 | 70 | -84 | 501 |
BAN24-07 | 506617 | 5314086 | 240 | -55 | 402 |
BAN24-08 | 506677 | 5313701 | 240 | -55 | 381 |
BAN24-09 | 506475 | 5314390 | 240 | -55 | 351 |
BAN24-10 | 505420 | 5315110 | 75 | -50 | 402 |
BAN24-11 | 506342 | 5314134 | 60 | -55 | 363 |
BAN24-12 | 507225 | 5313385 | 235 | -55 | 351 |
BAN24-14 | 506931 | 5313715 | 235 | -55 | 401 |
BAN24-15 | 506931 | 5313715 | 55 | -55 | 426 |
MIDLOTHIAN | |||||
MID24-05 | 499940 | 5303217 | 180 | -50 | 406 |
MID24-06 | 499296 | 5303222 | 180 | -50 | 399 |
MID24-07 | 499710 | 5303026 | 5 | -50 | 399 |
MID24-08 | 499103 | 5303244 | 180 | -50 | 399 |
MID24-09 | 499590 | 5302980 | 180 | -50 | 399 |
MID24-10 | 498903 | 5303246 | 180 | -50 | 408 |
MID24-11 | 499590 | 5302980 | 335 | -50 | 385 |
MID24-12 | 498700 | 5303180 | 180 | -50 | 399 |
MID24-15 | 500524 | 5303089 | 180 | -50 | 493 |
MID24-16 | 499097 | 5302989 | 180 | -50 | 384 |
NESBIT | |||||
NES24-12 | 469000 | 5417050 | 180 | -50 | 321 |
NES24-13 | 468820 | 5417140 | 180 | -50 | 450 |
NES24-15 | 469841 | 5417205 | 195 | -50 | 351 |
NES24-16 | 468720 | 5417007 | 180 | -50 | 252 |
NES24-17 | 470141 | 5417148 | 195 | -50 | 378 |
NES24-18 | 468905 | 5417140 | 180 | -50 | 501 |
NES24-19 | 469883 | 5416994 | 15 | -50 | 353 |
The Company has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
ICP Securities Inc. is a
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.
Edwin Escarraga, MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101, 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.
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, 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 Company Inc.
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
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, receipt of TSX Venture Exchange approval for the acquisition described herein and the completion of the transaction. 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.
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SOURCE Canada Nickel Company Inc.
FAQ
What were the key drilling results from Midlothian property in January 2024?
How many additional regional resources does Canada Nickel (CNIKF) plan to publish by mid-2025?
What were the drilling results from Bannockburn property in 2024?