Canada Nickel Completes Current Phase of Crawford Drilling, Announces Highest Grade Interval to Date

Canada Nickel Completes Current Phase of Crawford Drilling, Announces Highest Grade Interval to Date

 
 

  Highlights  

 
  • Best Crawford high-grade interval to date; core length of 64.5 metres of 0.71% nickel from 472.5 metres including 6 metres of 1.04% nickel from East Zone High Grade Core
  •  
  • Main Zone mineralization successfully drilled to a depth of 1 kilometre
  •  
  • East Zone mineralization successfully infilled and extended by a further 33% to strike length of 2.8 kilometres
  •  
  • PGM Zone continues to expand – 1.4 g/t PGM over 11.4 metres core length including 2.5 g/t PGM over 3 metres core length
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) announced today it had completed its current phase of drilling at the Company's flagship Crawford Nickel Sulphide Project and is reporting assay results from 33 drill holes from the Crawford drilling program including additional assay results from the previously announced East Zone High Grade Core discovery. A further 37 holes have been drilled at Crawford with assays pending.

 

  Mark Selby , Chair and Chief Executive Officer said, "We are very excited to reach this key milestone of completing this phase of infill drilling at Crawford to support the feasibility study.  The Crawford drilling program continued to deliver strong results, with this phase yielding the highest-grade interval to date, a 33% increase in strike length of East Zone mineralization to 2.8 kilometres, and further testing of Main Zone at depth to more than one kilometre. With more than 200 holes now completed - more than three times the drilling utilized in the Preliminary Economic Analysis ("PEA") – we are well-positioned to deliver a resource increase by mid-year to support the feasibility study expected by the end of this year."

 

  Crawford East Zone  

 

The East Zone was originally defined as two separate zones due to the limited amount of drilling included in the May 2021 PEA. Since then, Canada Nickel has drilled 38 more holes, 12 of which are summarized in this press release. Assays are still outstanding in the remaining 26 holes. The East Zone is now defined as a single continuous ultramafic unit mineralized over its strike length of 2.8 kilometres. It averages 200 metres in thickness and has been drilled to a vertical depth to as much as 730 metres and remains open at depth. The East Zone Higher Grade Core was successfully intercepted in multiple holes designed to better define its extent.  Hole CR21-165A was mineralized across its entire 690 metres length including a 409.5 metre interval of 0.34% nickel (42 metre true width) and 111 metre interval of 0.40% nickel (11.6 metres true width).  Hole CR21-153 was mineralized over entire core length grading 0.30% nickel over 584 metres including 0.45% nickel over 174 metres, 0.71% nickel over 64.5 metres, and 1.04% nickel over 6 metres.  Holes CR21-136, CR21-149, CR21-156 and CR21-165 also successfully intercepted Higher Grade Core .

 

  Figure 1: Plan View of East Zone - Drill Results Overlain on Total Field Magnetic Intensity, Crawford Nickel Sulphide Project, Ontario .  

 
 

  Figure 1 Plan View of East Zone - Drill Results Overlain on Total Field Magnetic Intensity, Crawford Nickel.png (CNW Group/Canada Nickel Company Inc.) 

 
 

  Table 1:  East Zone Infill Drilling Results, Crawford Nickel Sulphide Project, Ontario .  

 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Length   

 
 

   Est. True   

 
 

   Ni   

 
 

   Co   

 
 

   Pd   

 
 

   Pt   

 
 

   Cr   

 
 

   Fe   

 
 

   S   

 
 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   Width (m)   

 
 

   (%)   

 
 

   (%)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (%)   

 
 

   (%)   

 
 

   (%)   

 
 

  CR21-119  

 
 

  39.7  

 
 

  479.0  

 
 

  439.3  

 
 

  219.7  

 
 

  0.24  

 
 

  0.012  

 
 

  0.014  

 
 

  0.010  

 
 

  0.58  

 
 

  6.27  

 
 

  0.04  

 
 

   including   

 
 

  221.0  

 
 

  434.0  

 
 

  213.0  

 
 

  106.5  

 
 

  0.27  

 
 

  0.012  

 
 

  0.003  

 
 

  0.003  

 
 

  0.61  

 
 

  5.60  

 
 

  0.03  

 
 

  CR21-123  

 
 

  22.0  

 
 

  507.0  

 
 

  485.0  

 
 

  242.5  

 
 

  0.20  

 
 

  0.012  

 
 

  0.008  

 
 

  0.007  

 
 

  0.62  

 
 

  6.44  

 
 

  0.02  

 
 

   including   

 
 

  261.5  

 
 

  430.5  

 
 

  169.0  

 
 

  84.5  

 
 

  0.26  

 
 

  0.012  

 
 

  0.006  

 
 

  0.005  

 
 

  0.66  

 
 

  5.74  

 
 

  0.02  

 
 

  CR21-125  

 
 

  72.0  

 
 

  375.6  

 
 

  303.6  

 
 

  151.8  

 
 

  0.22  

 
 

  0.012  

 
 

  0.008  

 
 

  0.006  

 
 

  0.59  

 
 

  6.43  

 
 

  0.05  

 
 

   including   

 
 

  232.5  

 
 

  348.0  

 
 

  115.5  

 
 

  57.8  

 
 

  0.27  

 
 

  0.012  

 
 

  0.011  

 
 

  0.006  

 
 

  0.68  

 
 

  5.46  

 
 

  0.06  

 
 

  CR21-127  

 
 

  87.0  

 
 

  300.0  

 
 

  213.0  

 
 

  136.9  

 
 

  0.21  

 
 

  0.013  

 
 

  0.007  

 
 

  0.006  

 
 

  0.57  

 
 

  6.54  

 
 

  0.06  

 
 

   including   

 
 

  177.0  

 
 

  259.5  

 
 

  82.5  

 
 

  53.0  

 
 

  0.25  

 
 

  0.012  

 
 

  0.004  

 
 

  0.005  

 
 

  0.64  

 
 

  5.57  

 
 

  0.06  

 
 

  CR21-131  

 
 

  39.0  

 
 

  346.5  

 
 

  307.5  

 
 

  130.0  

 
 

  0.20  

 
 

  0.012  

 
 

  0.010  

 
 

  0.007  

 
 

  0.56  

 
 

  6.71  

 
 

  0.08  

 
 

   including   

 
 

  198.0  

 
 

  295.5  

 
 

  97.5  

 
 

  41.2  

 
 

  0.26  

 
 

  0.012  

 
 

  0.018  

 
 

  0.010  

 
 

  0.61  

 
 

  5.81  

 
 

  0.07  

 
 

  CR21-133  

 
 

  99.0  

 
 

  285.0  

 
 

  186.0  

 
 

  93.0  

 
 

  0.23  

 
 

  0.012  

 
 

  0.006  

 
 

  0.006  

 
 

  0.64  

 
 

  6.30  

 
 

  0.06  

 
 

   including   

 
 

  180.0  

 
 

  271.5  

 
 

  91.5  

 
 

  45.8  

 
 

  0.26  

 
 

  0.012  

 
 

  0.007  

 
 

  0.007  

 
 

  0.64  

 
 

  5.68  

 
 

  0.07  

 
 

  CR21-136  

 
 

  37.5  

 
 

  327.0  

 
 

  289.5  

 
 

  166.1  

 
 

  0.24  

 
 

  0.012  

 
 

  0.034  

 
 

  0.013  

 
 

  0.62  

 
 

  6.25  

 
 

  0.07  

 
 

   including   

 
 

  129.0  

 
 

  285.0  

 
 

  156.0  

 
 

  89.5  

 
 

  0.28  

 
 

  0.012  

 
 

  0.056  

 
 

  0.019  

 
 

  0.66  

 
 

  5.76  

 
 

  0.08  

 
 

   including   

 
 

  235.5  

 
 

  271.5  

 
 

  36.0  

 
 

  20.6  

 
 

  0.34  

 
 

  0.013  

 
 

  0.230  

 
 

  0.065  

 
 

  0.71  

 
 

  5.90  

 
 

  0.11  

 
 

   including   

 
 

  241.5  

 
 

  255.0  

 
 

  13.5  

 
 

  7.7  

 
 

  0.40  

 
 

  0.011  

 
 

  0.560  

 
 

  0.113  

 
 

  0.72  

 
 

  5.64  

 
 

  0.10  

 
 

  CR21-138  

 
 

  47.5  

 
 

  336.0  

 
 

  288.5  

 
 

  144.3  

 
 

  0.22  

 
 

  0.012  

 
 

  0.010  

 
 

  0.008  

 
 

  0.57  

 
 

  6.08  

 
 

  0.07  

 
 

   including   

 
 

  163.5  

 
 

  268.5  

 
 

  105.0  

 
 

  52.5  

 
 

  0.27  

 
 

  0.012  

 
 

  0.007  

 
 

  0.006  

 
 

  0.57  

 
 

  5.19  

 
 

  0.08  

 
 

  CR21-143  

 
 

  48.6  

 
 

  499.2  

 
 

  450.6  

 
 

  289.6  

 
 

  0.24  

 
 

  0.012  

 
 

  0.003  

 
 

  0.006  

 
 

  0.64  

 
 

  5.94  

 
 

  0.03  

 
 

   including   

 
 

  48.6  

 
 

  334.0  

 
 

  285.4  

 
 

  183.5  

 
 

  0.26  

 
 

  0.012  

 
 

  0.003  

 
 

  0.005  

 
 

  0.61  

 
 

  5.75  

 
 

  0.03  

 
 

  CR21-147  

 
 

  29.2  

 
 

  315.0  

 
 

  285.9  

 
 

  183.7  

 
 

  0.22  

 
 

  0.012  

 
 

  0.005  

 
 

  0.005  

 
 

  0.65  

 
 

  6.30  

 
 

  0.05  

 
 

   including   

 
 

  35.0  

 
 

  134.0  

 
 

  99.0  

 
 

  63.6  

 
 

  0.27  

 
 

  0.012  

 
 

  0.003  

 
 

  0.005  

 
 

  0.71  

 
 

  5.56  

 
 

  0.05  

 
 

  CR21-149  

 
 

  31.1  

 
 

  472.6  

 
 

  441.5  

 
 

  23.1  

 
 

  0.26  

 
 

  0.013  

 
 

  0.019  

 
 

  0.012  

 
 

  0.68  

 
 

  6.22  

 
 

  0.12  

 
 

   including   

 
 

  257.5  

 
 

  353.5  

 
 

  96.0  

 
 

  5.0  

 
 

  0.31  

 
 

  0.014  

 
 

  0.053  

 
 

  0.024  

 
 

  0.75  

 
 

  5.93  

 
 

  0.12  

 
 

   including   

 
 

  313.0  

 
 

  344.5  

 
 

  31.5  

 
 

  1.6  

 
 

  0.37  

 
 

  0.017  

 
 

  0.143  

 
 

  0.049  

 
 

  0.70  

 
 

  6.06  

 
 

  0.19  

 
 

   and   

 
 

  452.5  

 
 

  472.6  

 
 

  20.1  

 
 

  1.1  

 
 

  0.34  

 
 

  0.020  

 
 

  0.055  

 
 

  0.024  

 
 

  0.60  

 
 

  6.41  

 
 

  0.34  

 
 

  CR21-153  

 
 

  85.0  

 
 

  669.0  

 
 

  584.0  

 
 

  40.7  

 
 

  0.30  

 
 

  0.013  

 
 

  0.020  

 
 

  0.012  

 
 

  0.63  

 
 

  6.04  

 
 

  0.12  

 
 

   including   

 
 

  397.5  

 
 

  571.5  

 
 

  174.0  

 
 

  12.1  

 
 

  0.45  

 
 

  0.015  

 
 

  0.057  

 
 

  0.026  

 
 

  0.68  

 
 

  5.95  

 
 

  0.29  

 
 

   including   

 
 

  472.5  

 
 

  537.0  

 
 

  64.5  

 
 

  4.5  

 
 

  0.71  

 
 

  0.016  

 
 

  0.115  

 
 

  0.035  

 
 

  0.64  

 
 

  5.53  

 
 

  0.46  

 
 

   including   

 
 

  492.0  

 
 

  498.0  

 
 

  6.0  

 
 

  0.4  

 
 

  1.04  

 
 

  0.018  

 
 

  0.092  

 
 

  0.033  

 
 

  0.63  

 
 

  5.24  

 
 

  0.82  

 
 

  CR21-156  

 
 

  84.0  

 
 

  657.8  

 
 

  573.8  

 
 

  40.0  

 
 

  0.28  

 
 

  0.013  

 
 

  0.018  

 
 

  0.010  

 
 

  0.68  

 
 

  6.19  

 
 

  0.16  

 
 

   including   

 
 

  394.0  

 
 

  601.0  

 
 

  207.0  

 
 

  14.4  

 
 

  0.35  

 
 

  0.015  

 
 

  0.039  

 
 

  0.019  

 
 

  0.74  

 
 

  6.28  

 
 

  0.37  

 
 

   including   

 
 

  443.5  

 
 

  550.0  

 
 

  106.5  

 
 

  7.4  

 
 

  0.38  

 
 

  0.016  

 
 

  0.062  

 
 

  0.026  

 
 

  0.76  

 
 

  6.67  

 
 

  0.51  

 
 

  CR21-160  

 
 

  30.7  

 
 

  549.0  

 
 

  518.3  

 
 

  177.3  

 
 

  0.24  

 
 

  0.013  

 
 

  0.007  

 
 

  0.004  

 
 

  0.63  

 
 

  6.10  

 
 

  0.03  

 
 

   including   

 
 

  304.5  

 
 

  475.5  

 
 

  171.0  

 
 

  58.5  

 
 

  0.27  

 
 

  0.012  

 
 

  0.003  

 
 

  0.003  

 
 

  0.65  

 
 

  5.75  

 
 

  0.02  

 
 

  CR21-165  

 
 

  36.2  

 
 

  555.0  

 
 

  518.8  

 
 

  40.7  

 
 

  0.29  

 
 

  0.013  

 
 

  0.038  

 
 

  0.018  

 
 

  0.70  

 
 

  5.89  

 
 

  0.11  

 
 

   including   

 
 

  270.0  

 
 

  555.0  

 
 

  285.0  

 
 

  22.4  

 
 

  0.33  

 
 

  0.014  

 
 

  0.062  

 
 

  0.030  

 
 

  0.71  

 
 

  5.79  

 
 

  0.19  

 
 

   including   

 
 

  270.0  

 
 

  308.0  

 
 

  38.0  

 
 

  3.0  

 
 

  0.37  

 
 

  0.011  

 
 

  0.078  

 
 

  0.083  

 
 

  0.63  

 
 

  5.24  

 
 

  0.10  

 
 

   and   

 
 

  472.5  

 
 

  525.0  

 
 

  52.5  

 
 

  4.1  

 
 

  0.42  

 
 

  0.019  

 
 

  0.060  

 
 

  0.023  

 
 

  0.72  

 
 

  6.65  

 
 

  0.36  

 
 

  CR21-165A  

 
 

  45.0  

 
 

  735.0  

 
 

  690.0  

 
 

  72.1  

 
 

  0.30  

 
 

  0.014  

 
 

  0.042  

 
 

  0.019  

 
 

  0.70  

 
 

  6.09  

 
 

  0.19  

 
 

   including   

 
 

  270.0  

 
 

  679.5  

 
 

  409.5  

 
 

  42.8  

 
 

  0.34  

 
 

  0.015  

 
 

  0.065  

 
 

  0.028  

 
 

  0.71  

 
 

  6.12  

 
 

  0.29  

 
 

   including   

 
 

  468.0  

 
 

  579.0  

 
 

  111.0  

 
 

  11.6  

 
 

  0.40  

 
 

  0.018  

 
 

  0.046  

 
 

  0.018  

 
 

  0.73  

 
 

  6.85  

 
 

  0.56  

 
 

   including   

 
 

  469.5  

 
 

  501.0  

 
 

  31.5  

 
 

  3.3  

 
 

  0.51  

 
 

  0.017  

 
 

  0.044  

 
 

  0.019  

 
 

  0.73  

 
 

  6.17  

 
 

  0.39  

 
 
 

  Crawford Main and West Zone  

 

Drilling within the Main and West Zone consisted of infill drilling to upgrade the resource and expand the resource northwest of the existing Main Zone Resource Estimate.  A total of 39 holes were completed with 21 holes summarized in this release and 18 holes with assays pending.

 

Drilling westward from the Main Zone has extended the mineralization continuously from the existing resource for a distance of 850 metres to the northwest where it remains open along strike and at depth. This mineralization includes a higher-grade zone as intersected in hole CR21-144 (core length of 69.5 metres of 0.43% Ni starting at 152 m ). Four hundred metres farther to the north, mineralized ultramafic continues to be found such as CR21-130 which intersected 0.24% nickel over core length of 525 metres starting at 32.8 metres including a higher-grade zone of 0.34% nickel over 33.0 metres starting at 322.5 m . Hole CR22-198 was drilled to a core length of 1.04 kilometres and was continuously mineralized below 39 metres of overburden.

 

  Figure 2: Plan View of Main Zone - Drill Results Overlain on Total Field Magnetic Intensity, Crawford Nickel Sulphide Project, Ontario .  

 
 

  Figure 2 Plan View of Main Zone - Drill Results Overlain on Total Field Magnetic Intensity, Crawford Nickel.png (CNW Group/Canada Nickel Company Inc.) 

 
 

  Table 2:  Main and West Zone Infill Drilling Results, Crawford Nickel Sulphide Project, Ontario .  

 
 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Length   

 
 

   Est. True   

 
 

   Ni   

 
 

   Co   

 
 

   Pd   

 
 

   Pt   

 
 

   Cr   

 
 

   Fe   

 
 

   S   

 
 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   Width (m)   

 
 

   (%)   

 
 

   (%)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (%)   

 
 

   (%)   

 
 

   (%)   

 
 

  CR21-110  

 
 

  57.0  

 
 

  426.0  

 
 

  369.0  

 
 

  237.2  

 
 

  0.23  

 
 

  0.013  

 
 

  0.007  

 
 

  0.011  

 
 

  0.58  

 
 

  7.39  

 
 

  0.02  

 
 

   including   

 
 

  57.0  

 
 

  160.5  

 
 

  103.5  

 
 

  66.5  

 
 

  0.29  

 
 

  0.012  

 
 

  0.018  

 
 

  0.024  

 
 

  0.48  

 
 

  7.21  

 
 

  0.03  

 
 

  CR21-115  

 
 

  88.5  

 
 

  450.0  

 
 

  361.5  

 
 

  232.4  

 
 

  0.21  

 
 

  0.012  

 
 

  0.003  

 
 

  0.005  

 
 

  0.62  

 
 

  7.23  

 
 

  0.07  

 
 

  CR21-120  

 
 

  111.0  

 
 

  447.0  

 
 

  336.0  

 
 

  216.0  

 
 

  0.23  

 
 

  0.012  

 
 

  0.003  

 
 

  0.004  

 
 

  0.55  

 
 

  6.99  

 
 

  0.05  

 
 

   including   

 
 

  255.5  

 
 

  417.5  

 
 

  162.0  

 
 

  104.1  

 
 

  0.27  

 
 

  0.012  

 
 

  0.003  

 
 

  0.004  

 
 

  0.68  

 
 

  6.80  

 
 

  0.04  

 
 

  CR21-122  

 
 

  42.3  

 
 

  501.0  

 
 

  458.7  

 
 

  294.8  

 
 

  0.24  

 
 

  0.012  

 
 

  0.005  

 
 

  0.004  

 
 

  0.54  

 
 

  6.64  

 
 

  0.02  

 
 

   including   

 
 

  231.0  

 
 

  501.0  

 
 

  270.0  

 
 

  173.6  

 
 

  0.28  

 
 

  0.012  

 
 

  0.006  

 
 

  0.005  

 
 

  0.63  

 
 

  6.15  

 
 

  0.02  

 
 

  CR21-126A  

 
 

  39.0  

 
 

  546.0  

 
 

  507.0  

 
 

  290.8  

 
 

  0.24  

 
 

  0.013  

 
 

  0.007  

 
 

  0.006  

 
 

  0.54  

 
 

  7.03  

 
 

  0.04  

 
 

   including   

 
 

  186.0  

 
 

  510.0  

 
 

  324.0  

 
 

  185.8  

 
 

  0.27  

 
 

  0.012  

 
 

  0.006  

 
 

  0.005  

 
 

  0.58  

 
 

  6.94  

 
 

  0.04  

 
 

  CR21-128  

 
 

  40.9  

 
 

  549.0  

 
 

  508.1  

 
 

  326.6  

 
 

  0.24  

 
 

  0.013  

 
 

  0.017  

 
 

  0.012  

 
 

  0.59  

 
 

  7.27  

 
 

  0.05  

 
 

   including   

 
 

  171.5  

 
 

  312.5  

 
 

  141.0  

 
 

  90.6  

 
 

  0.26  

 
 

  0.012  

 
 

  0.005  

 
 

  0.004  

 
 

  0.64  

 
 

  6.99  

 
 

  0.05  

 
 

  CR21-130  

 
 

  32.8  

 
 

  558.0  

 
 

  525.2  

 
 

  337.6  

 
 

  0.24  

 
 

  0.013  

 
 

  0.016  

 
 

  0.010  

 
 

  0.58  

 
 

  7.04  

 
 

  0.06  

 
 

   including   

 
 

  322.5  

 
 

  355.5  

 
 

  33.0  

 
 

  21.2  

 
 

  0.34  

 
 

  0.016  

 
 

  0.035  

 
 

  0.019  

 
 

  0.55  

 
 

  7.64  

 
 

  0.15  

 
 

  CR21-132  

 
 

  67.0  

 
 

  489.0  

 
 

  422.0  

 
 

  271.3  

 
 

  0.24  

 
 

  0.014  

 
 

  0.016  

 
 

  0.015  

 
 

  0.60  

 
 

  7.38  

 
 

  0.02  

 
 

   including   

 
 

  67.0  

 
 

  169.5  

 
 

  102.5  

 
 

  65.9  

 
 

  0.29  

 
 

  0.013  

 
 

  0.052  

 
 

  0.033  

 
 

  0.59  

 
 

  6.96  

 
 

  0.07  

 
 

   including   

 
 

  129.0  

 
 

  165.0  

 
 

  36.0  

 
 

  23.1  

 
 

  0.36  

 
 

  0.013  

 
 

  0.125  

 
 

  0.077  

 
 

  0.40  

 
 

  6.97  

 
 

  0.12  

 
 

   including   

 
 

  135.0  

 
 

  151.5  

 
 

  16.5  

 
 

  10.6  

 
 

  0.43  

 
 

  0.013  

 
 

  0.104  

 
 

  0.018  

 
 

  0.47  

 
 

  7.16  

 
 

  0.15  

 
 

  CR21-135  

 
 

  67.0  

 
 

  564.0  

 
 

  497.0  

 
 

  319.5  

 
 

  0.24  

 
 

  0.012  

 
 

  0.012  

 
 

  0.011  

 
 

  0.58  

 
 

  7.14  

 
 

  0.03  

 
 

   including   

 
 

  67.0  

 
 

  275.5  

 
 

  208.5  

 
 

  134.0  

 
 

  0.27  

 
 

  0.011  

 
 

  0.024  

 
 

  0.015  

 
 

  0.56  

 
 

  6.74  

 
 

  0.04  

 
 

  CR21-137  

 
 

  61.0  

 
 

  468.0  

 
 

  407.0  

 
 

  233.4  

 
 

  0.21  

 
 

  0.013  

 
 

  0.003  

 
 

  0.006  

 
 

  0.55  

 
 

  7.18  

 
 

  0.02  

 
 

   including   

 
 

  61.0  

 
 

  109.5  

 
 

  48.5  

 
 

  27.8  

 
 

  0.25  

 
 

  0.013  

 
 

  0.003  

 
 

  0.005  

 
 

  0.31  

 
 

  7.15  

 
 

  0.02  

 
 

  CR21-139  

 
 

  46.5  

 
 

  465.5  

 
 

  419.0  

 
 

  240.3  

 
 

  0.25  

 
 

  0.014  

 
 

  0.021  

 
 

  0.014  

 
 

  0.62  

 
 

  7.38  

 
 

  0.04  

 
 

   including   

 
 

  46.5  

 
 

  208.0  

 
 

  161.5  

 
 

  92.6  

 
 

  0.27  

 
 

  0.014  

 
 

  0.014  

 
 

  0.008  

 
 

  0.58  

 
 

  7.43  

 
 

  0.05  

 
 

  CR21-141  

 
 

  46.5  

 
 

  586.5  

 
 

  540.0  

 
 

  309.7  

 
 

  0.22  

 
 

  0.012  

 
 

  0.003  

 
 

  0.005  

 
 

  0.51  

 
 

  6.79  

 
 

  0.04  

 
 

   including   

 
 

  46.5  

 
 

  218.5  

 
 

  172.0  

 
 

  98.7  

 
 

  0.25  

 
 

  0.012  

 
 

  0.004  

 
 

  0.005  

 
 

  0.61  

 
 

  6.30  

 
 

  0.05  

 
 

  CR21-144  

 
 

  60.0  

 
 

  369.0  

 
 

  309.0  

 
 

  130.6  

 
 

  0.29  

 
 

  0.015  

 
 

  0.034  

 
 

  0.011  

 
 

  0.38  

 
 

  7.14  

 
 

  0.10  

 
 

   including   

 
 

  152.5  

 
 

  369.0  

 
 

  216.5  

 
 

  91.5  

 
 

  0.33  

 
 

  0.015  

 
 

  0.026  

 
 

  0.010  

 
 

  0.30  

 
 

  7.26  

 
 

  0.12  

 
 

   including   

 
 

  152.5  

 
 

  222.0  

 
 

  69.5  

 
 

  29.4  

 
 

  0.43  

 
 

  0.016  

 
 

  0.040  

 
 

  0.012  

 
 

  0.31  

 
 

  7.31  

 
 

  0.15  

 
 

  CR21-145  

 
 

  82.0  

 
 

  667.5  

 
 

  585.5  

 
 

  335.8  

 
 

  0.21  

 
 

  0.013  

 
 

  0.009  

 
 

  0.010  

 
 

  0.59  

 
 

  7.29  

 
 

  0.06  

 
 

  CR21-148  

 
 

  49.0  

 
 

  505.0  

 
 

  456.0  

 
 

  261.6  

 
 

  0.25  

 
 

  0.014  

 
 

  0.015  

 
 

  0.014  

 
 

  0.57  

 
 

  7.42  

 
 

  0.04  

 
 

   including   

 
 

  328.0  

 
 

  396.0  

 
 

  68.0  

 
 

  39.0  

 
 

  0.31  

 
 

  0.014  

 
 

  0.061  

 
 

  0.035  

 
 

  0.38  

 
 

  7.53  

 
 

  0.06  

 
 

   and   

 
 

  482.5  

 
 

  502.0  

 
 

  19.5  

 
 

  11.2  

 
 

  0.33  

 
 

  0.014  

 
 

  0.015  

 
 

  0.009  

 
 

  0.76  

 
 

  7.81  

 
 

  0.05  

 
 

   and   

 
 

  373.0  

 
 

  391.0  

 
 

  18.0  

 
 

  10.3  

 
 

  0.42  

 
 

  0.015  

 
 

  0.018  

 
 

  0.010  

 
 

  0.37  

 
 

  7.49  

 
 

  0.13  

 
 

  CR21-152  

 
 

  63.9  

 
 

  535.5  

 
 

  471.6  

 
 

  270.5  

 
 

  0.24  

 
 

  0.012  

 
 

  0.006  

 
 

  0.005  

 
 

  0.57  

 
 

  7.04  

 
 

  0.05  

 
 

   including   

 
 

  262.5  

 
 

  477.0  

 
 

  214.5  

 
 

  123.0  

 
 

  0.28  

 
 

  0.013  

 
 

  0.009  

 
 

  0.005  

 
 

  0.69  

 
 

  7.31  

 
 

  0.04  

 
 

  CR21-155  

 
 

  46.0  

 
 

  579.0  

 
 

  533.0  

 
 

  250.2  

 
 

  0.28  

 
 

  0.011  

 
 

  0.016  

 
 

  0.007  

 
 

  0.61  

 
 

  6.60  

 
 

  0.06  

 
 

   including   

 
 

  198.0  

 
 

  483.0  

 
 

  285.0  

 
 

  133.8  

 
 

  0.32  

 
 

  0.011  

 
 

  0.021  

 
 

  0.007  

 
 

  0.60  

 
 

  6.83  

 
 

  0.07  

 
 

   including   

 
 

  447.0  

 
 

  481.5  

 
 

  34.5  

 
 

  16.2  

 
 

  0.37  

 
 

  0.012  

 
 

  0.034  

 
 

  0.011  

 
 

  0.71  

 
 

  5.83  

 
 

  0.20  

 
 

  CR21-157  

 
 

  45.5  

 
 

  549.0  

 
 

  503.5  

 
 

  288.8  

 
 

  0.22  

 
 

  0.013  

 
 

  0.006  

 
 

  0.012  

 
 

  0.54  

 
 

  6.97  

 
 

  0.02  

 
 

   including   

 
 

  475.0  

 
 

  549.0  

 
 

  74.0  

 
 

  42.4  

 
 

  0.27  

 
 

  0.014  

 
 

  0.016  

 
 

  0.022  

 
 

  0.32  

 
 

  6.92  

 
 

  0.02  

 
 

  CR21-159  

 
 

  30.2  

 
 

  366.0  

 
 

  335.8  

 
 

  192.6  

 
 

  0.27  

 
 

  0.013  

 
 

  0.015  

 
 

  0.009  

 
 

  0.62  

 
 

  6.27  

 
 

  0.06  

 
 

   including   

 
 

  81.0  

 
 

  187.5  

 
 

  106.5  

 
 

  61.1  

 
 

  0.34  

 
 

  0.013  

 
 

  0.027  

 
 

  0.011  

 
 

  0.73  

 
 

  5.25  

 
 

  0.14  

 
 

   including   

 
 

  90.0  

 
 

  135.0  

 
 

  45.0  

 
 

  25.8  

 
 

  0.39  

 
 

  0.014  

 
 

  0.037  

 
 

  0.013  

 
 

  0.76  

 
 

  4.33  

 
 

  0.22  

 
 

   including   

 
 

  94.5  

 
 

  123.0  

 
 

  28.5  

 
 

  16.3  

 
 

  0.41  

 
 

  0.014  

 
 

  0.040  

 
 

  0.014  

 
 

  0.75  

 
 

  4.30  

 
 

  0.25  

 
 

  CR21-162  

 
 

  25.5  

 
 

  396.0  

 
 

  370.5  

 
 

  95.9  

 
 

  0.29  

 
 

  0.013  

 
 

  0.022  

 
 

  0.014  

 
 

  0.64  

 
 

  6.54  

 
 

  0.07  

 
 

   including   

 
 

  112.5  

 
 

  274.5  

 
 

  162.0  

 
 

  41.9  

 
 

  0.33  

 
 

  0.013  

 
 

  0.033  

 
 

  0.011  

 
 

  0.58  

 
 

  6.47  

 
 

  0.05  

 
 
 

  PGM Zone  

 

PGM mineralization continued to be targeted with five additional holes. These results confirm the association of a PGM zone along the boundary of a gravity high structure which has a circumference of approximately 9.7 kilometres and borders the nickel mineralization in the Main and East Zones. Grades and true widths are consistent with previously reported drilling. Higher grade intervals, such as 2.8 g/t PGM over 1.5 metres (true width) in CR21-133 occur in some holes and lower grade intervals, such as 0.9 g/t PGM over 2 metres (true width) in CR21-134A occur in other holes, but the PGM Zone appears to be largely continuous. The PGM Zone will be more intensively targeted with a drill program during 2022.

 

  Figure 3: Plan View of PGM Zone – Drill Results Overlain on Gravity Vertical Gradient, Crawford Nickel Sulphide Project, Ontario .  

 
 

  Figure 3 Plan View of PGM Zone – Drill Results Overlain on Gravity Vertical Gradient, Crawford Nickel Sulphi.png (CNW Group/Canada Nickel Company Inc.) 

 
 

  Table 3:  PGM Zone Infill Drilling Results, Crawford Nickel Sulphide Project, Ontario .  

 
 
                                                                                                                                                                                      
 

   Hole ID   

 
 

   From   

 
 

   To   

 
 

   Length   

 
 

   Est. True   

 
 

   Pd + Pt   

 
 

   Pd   

 
 

   Pt   

 
 

   Ni   

 
 

   Co   

 
 

   Cr   

 
 

   Fe   

 
 

   S   

 
 
 

   (m)   

 
 

   (m)   

 
 

   (m)   

 
 

   Width (m)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (g/t)   

 
 

   (%)   

 
 

   (%)   

 
 

   (%)   

 
 

   (%)   

 
 

   (%)   

 
 

  CR21-124  

 
 

  499.5  

 
 

  505.5  

 
 

  6.0  

 
 

  3.9  

 
 

  1.5  

 
 

  0.547  

 
 

  0.950  

 
 

  0.05  

 
 

  0.012  

 
 

  0.54  

 
 

  7.44  

 
 

  0.02  

 
 

   including   

 
 

  532.6  

 
 

  544.0  

 
 

  11.4  

 
 

  7.3  

 
 

  1.4  

 
 

  0.706  

 
 

  0.706  

 
 

  0.02  

 
 

  0.006  

 
 

  0.46  

 
 

  6.04  

 
 

  0.03  

 
 

   including   

 
 

  537.0  

 
 

  540.0  

 
 

  3.0  

 
 

  1.9  

 
 

  2.5  

 
 

  1.305  

 
 

  1.240  

 
 

  0.02  

 
 

  0.006  

 
 

  0.45  

 
 

  6.25  

 
 

  0.01  

 
 

   and   

 
 

  550.9  

 
 

  553.1  

 
 

  2.2  

 
 

  1.4  

 
 

  2.3  

 
 

  1.096  

 
 

  1.190  

 
 

  0.03  

 
 

  0.007  

 
 

  0.44  

 
 

  5.81  

 
 

  0.03  

 
 

  CR21-129A (partial)  

 
 

  373.5  

 
 

  381.0  

 
 

  7.5  

 
 

  4.8  

 
 

  1.3  

 
 

  0.621  

 
 

  0.660  

 
 

  0.03  

 
 

  0.009  

 
 

  0.39  

 
 

  5.81  

 
 

  0.07  

 
 

   including   

 
 

  375.0  

 
 

  378.0  

 
 

  3.0  

 
 

  1.9  

 
 

  2.5  

 
 

  1.240  

 
 

  1.280  

 
 

  0.02  

 
 

  0.008  

 
 

  0.32  

 
 

  5.48  

 
 

  0.00  

 
 

  CR21-131  

 
 

  355.5  

 
 

  358.5  

 
 

  3.0  

 
 

  1.3  

 
 

  0.9  

 
 

  0.463  

 
 

  0.480  

 
 

  0.02  

 
 

  0.007  

 
 

  0.38  

 
 

  5.64  

 
 

  0.05  

 
 

  CR21-133  

 
 

  345.0  

 
 

  355.5  

 
 

  10.5  

 
 

  5.3  

 
 

  1.4  

 
 

  0.673  

 
 

  0.693  

 
 

  0.02  

 
 

  0.007  

 
 

  0.32  

 
 

  5.81  

 
 

  0.12  

 
 

   including   

 
 

  349.5  

 
 

  352.5  

 
 

  3.0  

 
 

  1.5  

 
 

  2.8  

 
 

  1.395  

 
 

  1.375  

 
 

  0.02  

 
 

  0.007  

 
 

  0.28  

 
 

  5.91  

 
 

  0.10  

 
 

  CR21-134A  

 
 

  342.0  

 
 

  348.0  

 
 

  6.0  

 
 

  3.0  

 
 

  1.3  

 
 

  0.599  

 
 

  0.685  

 
 

  0.02  

 
 

  0.007  

 
 

  0.34  

 
 

  5.60  

 
 

  0.06  

 
 

   including   

 
 

  345.0  

 
 

  346.5  

 
 

  1.5  

 
 

  0.8  

 
 

  2.4  

 
 

  1.100  

 
 

  1.270  

 
 

  0.03  

 
 

  0.007  

 
 

  0.40  

 
 

  5.76  

 
 

  0.05  

 
 

   and   

 
 

  379.5  

 
 

  383.5  

 
 

  4.0  

 
 

  2.0  

 
 

  0.9  

 
 

  0.384  

 
 

  0.501  

 
 

  0.05  

 
 

  0.012  

 
 

  0.36  

 
 

  7.00  

 
 

  0.03  

 
 
 

  Table 4: Drill Hole Orientation  

 
 
                                                                                                                                                                                                                                                            
 

   Hole ID   

 
 

   Easting   

 
 

   Northing   

 
 

   Azimuth   

 
 

   Collar Dip   

 
 

   Length   

 
 
 

   (mE)   

 
 

   (mN)   

 
 

   (⁰)   

 
 

   (⁰)   

 
 

   (m)   

 
 

  CR21-110  

 
 

  472,338  

 
 

  5,409,413  

 
 

  225  

 
 

  -50  

 
 

  369.0  

 
 

  CR21-115  

 
 

  472,590  

 
 

  5,409,191  

 
 

  225  

 
 

  -50  

 
 

  361.5  

 
 

  CR21-119  

 
 

  474,299  

 
 

  5,409,995  

 
 

  180  

 
 

  -60  

 
 

  439.3  

 
 

  CR21-120  

 
 

  472,135  

 
 

  5,410,036  

 
 

  270  

 
 

  -50  

 
 

  336.0  

 
 

  CR21-122  

 
 

  472,088  

 
 

  5,410,242  

 
 

  270  

 
 

  -50  

 
 

  458.7  

 
 

  CR21-123  

 
 

  474,503  

 
 

  5,409,983  

 
 

  180  

 
 

  -60  

 
 

  485.0  

 
 

  CR21-124  

 
 

  472,040  

 
 

  5,410,238  

 
 

  90  

 
 

  -50  

 
 

  515.0  

 
 

  CR21-125  

 
 

  474,605  

 
 

  5,409,699  

 
 

  360  

 
 

  -60  

 
 

  303.6  

 
 

  CR21-126A  

 
 

  472,021  

 
 

  5,410,135  

 
 

  270  

 
 

  -55  

 
 

  507.0  

 
 

  CR21-127  

 
 

  474,402  

 
 

  5,409,726  

 
 

  360  

 
 

  -50  

 
 

  213.0  

 
 

  CR21-128  

 
 

  472,036  

 
 

  5,410,035  

 
 

  270  

 
 

  -50  

 
 

  508.1  

 
 

  CR21-129A  

 
 

  474,201  

 
 

  5,409,753  

 
 

  360  

 
 

  -50  

 
 

  335.0  

 
 

  CR21-130  

 
 

  472,059  

 
 

  5,409,953  

 
 

  270  

 
 

  -50  

 
 

  525.2  

 
 

  CR21-131  

 
 

  474,000  

 
 

  5,409,818  

 
 

  5  

 
 

  -65  

 
 

  307.5  

 
 

  CR21-132  

 
 

  472,292  

 
 

  5,409,489  

 
 

  225  

 
 

  -50  

 
 

  422.0  

 
 

  CR21-133  

 
 

  473,910  

 
 

  5,409,793  

 
 

  355  

 
 

  -60  

 
 

  372.0  

 
 

  CR21-134A  

 
 

  473,804  

 
 

  5,409,799  

 
 

  5  

 
 

  -60  

 
 

  261.0  

 
 

  CR21-135  

 
 

  472,459  

 
 

  5,409,432  

 
 

  225  

 
 

  -50  

 
 

  497.0  

 
 

  CR21-136  

 
 

  473,617  

 
 

  5,409,780  

 
 

  355  

 
 

  -55  

 
 

  289.5  

 
 

  CR21-137  

 
 

  472,468  

 
 

  5,409,293  

 
 

  225  

 
 

  -55  

 
 

  407.0  

 
 

  CR21-138  

 
 

  473,359  

 
 

  5,409,778  

 
 

  360  

 
 

  -60  

 
 

  288.5  

 
 

  CR21-139  

 
 

  472,128  

 
 

  5,409,631  

 
 

  235  

 
 

  -55  

 
 

  419.0  

 
 

  CR21-141  

 
 

  472,115  

 
 

  5,409,616  

 
 

  60  

 
 

  -55  

 
 

  540.0  

 
 

  CR21-143  

 
 

  473,502  

 
 

  5,410,014  

 
 

  180  

 
 

  -50  

 
 

  450.6  

 
 

  CR21-144  

 
 

  472,054  

 
 

  5,409,463  

 
 

  60  

 
 

  -65  

 
 

  309.0  

 
 

  CR21-145  

 
 

  472,051  

 
 

  5,409,462  

 
 

  235  

 
 

  -55  

 
 

  585.5  

 
 

  CR21-147  

 
 

  473,972  

 
 

  5,409,987  

 
 

  185  

 
 

  -50  

 
 

  285.9  

 
 

  CR21-148  

 
 

  472,087  

 
 

  5,409,312  

 
 

  50  

 
 

  -55  

 
 

  456.0  

 
 

  CR21-149  

 
 

  473,854  

 
 

  5,409,880  

 
 

  178  

 
 

  -87  

 
 

  441.5  

 
 

  CR21-152  

 
 

  472,419  

 
 

  5,409,658  

 
 

  235  

 
 

  -55  

 
 

  471.6  

 
 

  CR21-153  

 
 

  473,763  

 
 

  5,409,807  

 
 

  360  

 
 

  -86  

 
 

  584.0  

 
 

  CR21-155  

 
 

  472,834  

 
 

  5,408,829  

 
 

  35  

 
 

  -62  

 
 

  533.0  

 
 

  CR21-156  

 
 

  473,670  

 
 

  5,409,809  

 
 

  0  

 
 

  -86  

 
 

  573.8  

 
 

  CR21-157  

 
 

  472,291  

 
 

  5,409,057  

 
 

  45  

 
 

  -55  

 
 

  503.5  

 
 

  CR21-159  

 
 

  473,002  

 
 

  5,408,960  

 
 

  215  

 
 

  -55  

 
 

  335.8  

 
 

  CR21-160  

 
 

  474,397  

 
 

  5,409,939  

 
 

  180  

 
 

  -70  

 
 

  518.3  

 
 

  CR21-162  

 
 

  473,002  

 
 

  5,408,961  

 
 

  215  

 
 

  -75  

 
 

  370.5  

 
 

  CR21-165  

 
 

  473,801  

 
 

  5,409,899  

 
 

  180  

 
 

  -85.5  

 
 

  518.8  

 
 

  CR21-165A  

 
 

  473,801  

 
 

  5,409,897  

 
 

  185  

 
 

  -84  

 
 

  690.0  

 
 

  CR22-198  

 
 

  473,559  

 
 

  5,408,735  

 
 

  205  

 
 

  -75  

 
 

  1,009.0  

 
 
 

  Corporate Update  

 

The Company also announced today that it has issued stock options and RSUs to executives, employees and directors under its equity incentive plans. A total of 1,040,000 stock options were issued at an exercise price of $3.14 per share vesting over a three-year period and 925,362 RSUs were issued vesting over a one-year period. The options expire five years from the date of grant.

 

  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.  

 

  Assays, Quality Assurance/Quality Control and Drilling and Assay  

 

  Edwin Escarraga , MSc, P.Geo., a "qualified person" as defined by NI 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. A set of Samples are transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, the other set of samples are securely shipped to SGS Lakefield. Both 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 17 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, 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.

 

  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 TM , NetZero Cobalt TM , NetZero Iron TM 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 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.  

 

  For further information, please contact:  

 

Mark Selby, Chair and 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 results relating to the Crawford Nickel Sulphide Project, the potential of the Crawford Nickel Sulphide Project, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives.  Forward-looking information is necessarily based upon a number of 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, and the impact of COVID-19 related disruptions in relation to the Company's  business operations including upon its employees, suppliers, facilities and other stakeholders.  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 as a result of new information, future events or otherwise, except as required by law.

 
 

  Canada Nickel Company Logo (CNW Group/Canada Nickel Company Inc.) 

 
 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-completes-current-phase-of-crawford-drilling-announces-highest-grade-interval-to-date-301516309.html  

 

SOURCE Canada Nickel Company Inc.

 

 

 

 Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/April2022/04/c3005.html  

 
 

News Provided by Canada Newswire via QuoteMedia

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Canada Nickel Achieves Best Drill Results to Date at Reid

Canada Nickel Achieves Best Drill Results to Date at Reid

 
 

  Highlights  

 
  • Best Reid interval to date – 661 metres of 0.29% nickel including 100 metres of 0.42% nickel and 40 metres of 0.51% nickel in REI-24-35
  •  
  • All 8 holes targeting Reid Central Core intersected core lengths greater than 620 metres with average grades of 0.21% to 0.29% nickel
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce positive assay results from its ongoing 2024 exploration program at its Reid property, located 37 kilometres northwest of Timmins, Ontario .

 

 

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Canada Nickel Announces Results from Crawford PGM Zone Infill Drilling Campaign

Canada Nickel Announces Results from Crawford PGM Zone Infill Drilling Campaign

 
 

  Highlights  

 
  • Successful infill drilling campaign targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of > 1g/t palladium + platinum
  •  
  • Results include:
    • 2.19 g/t palladium + platinum over core length of 76.5 metres in Crawford Main Zone including 3.90 g/t over core length of 13.5 metres
    •  
    • 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone including 2.94 g/t over core length of 4.5 metres
    •  
  •  
  • PGM results will be included in development of a Crawford PGM Zone resource estimate and incorporated into the Crawford nickel mine plan
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced additional results from its drilling program targeting the PGM zones that occur along the Crawford Main and East Zone boundaries and within the existing mine plan outlined in the Crawford Nickel Project feasibility study.

 

 

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Canada Nickel Provides Update on Crawford Project Optimization and Commencement of Pilot Plant Operation

Canada Nickel Provides Update on Crawford Project Optimization and Commencement of Pilot Plant Operation

 
 

   Highlights   

 
  •   Testwork demonstrates opportunity for improvements in recovery from the Crawford East Zone  
    •   Locked cycle test delivered a 60% nickel sulphide concentrate – believed to be world's highest nickel grade sulphide concentrate produced – and a total nickel recovery of 47% exceeding the feasibility study model by 9%  
    •  
    •   Ten new open circuit variability tests demonstrated nickel recoveries averaging 28% higher than the feasibility study model  
    •  
  •  
  •   Pilot plant program initiated at SGS Lakefield  
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce the successful completion of further metallurgical testing on Crawford East Zone material.

 

 

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Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

Canada Nickel Company Announces Initial Deloro Nickel Sulphide Project Resource

 
 

  Highlights:  

 
  • First of seven new nickel resources expected to be published by end of the first quarter of 2025 demonstrating the potential scale of the Timmins Nickel District
  •  
  • Initial Deloro indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel
  •  
  • Seven exploration rigs currently drilling across the Timmins Nickel District
  •  

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource for its 100% owned Deloro Nickel Sulphide Project ("Deloro") near Timmins, Ontario .

 

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Canada Nickel Closes Previously Announced US$15 Million Loan Facility with Auramet International, Inc.

Canada Nickel Closes Previously Announced US$15 Million Loan Facility with Auramet International, Inc.

 
 

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has closed a secured loan facility with Auramet International, Inc. ("Auramet") of US$15 million previously announced on June 24, 2024 .

 
 

  Canada Nickel Company Inc. logo (CNW Group/Canada Nickel Company Inc.) 

 

The loan is due January 9, 2025 , carries an interest rate of 1.00% per month, and is subject to a 2.5% arrangement fee.  At closing, Auramet also received 750,000 1-year warrants with a strike price of $1.42 per common share. The loan is subject to such terms and conditions including certain specified positive and negative covenants that are customary for a transaction of this nature. The warrants and the underlying shares are subject to a four month hold period under applicable Canadian securities laws. The Company expects to use the proceeds from the loan for working capital purposes.

 

  About Auramet  

 

Auramet is one of the largest physical precious metals merchants in the world with over US$20 billion in annual revenues and which provides a full range of services to all participants in the precious metals supply chain. Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. Their business consists of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector. In fiscal year 2023 it purchased over 7 million ounces of gold, 126 million ounces of silver and 3 million ounces of PGMs, and has provided term financing facilities in excess of US$1 billion to date. Auramet is looking to grow its capital investment business in equity, royalties and streams in the precious metals and battery related metals mining space. Auramet is proud to have been awarded a Gold Medal the past two years for its ESG commitment by EcoVadis, the most trusted provider of ESG ratings with a network of more than 90,000 rated companies. For more information on Auramet, please visit www.auramet.com .

 

  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 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

 

  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, the use of proceeds from the loan, the ability of the Company to deliver nickel required to feed the high growth electric vehicle and stainless steel markets, and the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Readers should not place undue reliance on forward looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: inability to repay the loan or comply with the covenants set out in the loan agreement; the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in applicable laws; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable. Although Canada Nickel has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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.

 

 Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-closes-previously-announced-us15-million-loan-facility-with-auramet-international-inc-302192435.html  

 

SOURCE Canada Nickel Company Inc. 

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2024/09/c7393.html  

 
 

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Closeup of periodic table highlighting nickel with a nickel block on its symbol.

South32 Announces Up to US$100 Million Sale of Cerro Matoso, Shifts Focus to Critical Minerals

South32 (ASX:S32,OTC Pink:SHTLF) said on Monday (July 7) that it has agreed to sell the Cerro Matoso nickel mine in Colombia to a subsidiary of CoreX Holding following recent changes in the nickel market.

South32 now plans to focus on critical minerals, describing its flagship Hermosa project in Patagonia as a “next generation mine.” Hermosa hosts the zinc-lead-silver Taylor sulphide deposit, and the zinc-manganese-silver Clark oxide deposit.

"The Transaction is consistent with our strategy and will further streamline our portfolio toward higher margin businesses in minerals and metals critical to the world’s energy transition,” said South32 CEO Graham Kerr.

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FPX Nickel (TSXV:FPX)

FPX Nickel Completes Production Run of Battery-Grade Nickel Sulphate to Support Discussions with Prospective EV Battery Supply Chain Partners

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) ("FPX" or the "Company") is pleased to announce successful production of additional battery-grade nickel sulphate from its Baptiste Nickel Project ("Baptiste" or the "Project"). Building on the success of previous testing campaigns, a production run was completed to produce larger quantities of nickel sulphate crystals. The nickel sulphate samples, which meet the strict target specifications for battery applications, will be provided to selected prospective downstream partners including pCAM producers, battery companies, and automakers pursuing supply security, traceable sourcing, and low carbon intensity production.

"The production of high-purity nickel sulphate further positions us to engage in strategic discussions with prospective downstream partners across the global EV supply chain," commented Martin Turenne, FPX Nickel's President and Director. "This milestone further demonstrates the strategic flexibility of the Baptiste awaruite concentrate and the technical maturity of the awaruite refining process."

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Nickel bars in front of a world map.

Top 9 Nickel-producing Countries

The top nickel producing countries list has been shaken in recent years by Indonesia's rapid rise to the top, beating the Philippines and New Caledonia.

Demand for nickel is mounting. Stainless steel accounts for the vast majority of nickel demand, but electric vehicle (EV) batteries represent a growing application for the base metal as the shift toward a greener future gains steam.

But while nickel's long-term outlook appears bright, it may face headwinds in the short term. Nickel prices have been trending down since breaking US$20,000 per metric ton in May 2024 as weak usage coincides with strong output from top producer Indonesia.

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Ni-Co Energy

Ni-Co Energy Set to Mobilize Critical Minerals Exploration just 90 km from Montreal

Ni-Co Energy Inc. announces that its technical team will be mobilized to the Kremer property around mid-June 2025. The project is located approximately 90 km north of downtown Montreal and about 15 km from the nearest municipality, in a remote forested area with access via an existing road and close proximity to the hydroelectric grid.

Meet The Team:

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