North American Nickel Puts Out First Assays from Drilling at P-053

North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) released the first assays from diamond drilling at the P-053 discovery at its Greenland-based Maniitsoq copper-cobalt-PGMs sulfide project.
As quoted in the press release:

A total of 1,651 metres in eight holes have been completed to follow-up nickel sulphide mineralization and borehole electromagnetic (BHEM) conductors at the P-053 discovery located in the Southern Coastal Zone (“SCZ”) of Maniitsoq.
Assay results have been received for five of eight holes and highlights include:

• MQ-15-082: 23.7 metres of 1.98% Ni, 0.62% Cu and 0.19 g/t TPM (total precious metals incl. Pt, Pd & Au) including:
  •  12.2 metres of 2.78% Ni, 0.36% Cu and 0.26 g/t TPM;
• MQ-15-084: 5.6 metres of 1.03% Ni, 0.34% Cu and 0.12 g/t TPM;
• MQ-15-085: 1.35 metres of 0.98% Ni, 0.45% Cu and 0.14 g/t TPM.

As previously reported, P-053 has excellent potential for high nickel recoveries with 90.1% of the nickel being hosted inPentlandite and 100% of the copper being chalcopyrite with potential recoveries of 96.5% and 85.4%, respectively.

Keith Morrison, CEO of North American Nickel, commented:

MQ-15-082 is one of the best drill results that NAN has intersected at our Maniitsoq Project. Importantly the P-053 discovery is part of the SCZ target area and is completely separate from the mineralized zone at the Imiak Hill Complex (IHC), being located forty-five kilometres to the southwest, but still within the prospective Greenland Norite Belt (“GNB”). P-053 now combines with our previously released drilling results from Spotty Hill, Fossilk (P-58 and P-59) and P-013 to produce another high grade nickel sulphide mineralized structure with indicated excellent and conventional metallurgical properties.

Click here to read the full North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) press release.