VMS Ventures Inc. (TSXV:VMS) announced that North American Nickel Inc. (TSXV:NAN) has been notified by the Greenland Bureau of Minerals and Petroleum that its application to expand mineral exploration licence 2012/28 by 123 square kilometers has been accepted. VMS Ventures owns approximately 27.5% of North American Nickel.
As quoted in the press release:
The release is as follows:
“North American Nickel Inc.is pleased to announce that it has been notified by the Greenland Bureau of Minerals and Petroleum that its application to expand mineral exploration licence 2012/28 by 123 square kilometers has been accepted. The text of the new licence agreement is expected from the Greenland Government shortly. The expansion will bring the total area covered by the project to 5,106 square kilometers.
Licence 2012/28 is one of two contiguous licences that comprise the Maniitsoq project and the expansion consists of the six separate blocks outlined in red on the 2013 land claims map available on our website www.northamericannickel.com. The blocks are contiguous with the Company’s current land holdings and they fill gaps in the project area that, until recently, belonged to an exploration company focused on diamond exploration. Many of the blocks contain exposures of norite, the rock type most commonly associated with nickel and copper sulphide mineralization at Maniitsoq. Many of the blocks also contain outcrops of kimberlite dykes.
NAN CEO, Rick Mark, states: “With the acquisition of this new ground, North American Nickel now controls over 90% of the highly prospective Greenland Norite Belt. The Company currently has field crews and a diamond drill rig operating on the project and is drill testing targets throughout the norite belt.”