Highlights
- Hole CR20-56 extended the strike length of the Main Zone by 375
metres, and is expected to expand the 0.3% higher grade shell by
168 metres which remains open along strike to the west.
- All four infill holes in this release continued to extend and
better define the higher grade resource shells and intersected
thick intersections of nickel mineralization, within the steeply
dipping higher-grade core which varies in true thickness from
40 m to 160
m.
- Hole CR20-44 returned 0.41% nickel over core length of 51
metres within 0.33 % nickel over core length of 118 metres which
further expands width of higher grade shells on this section.
TORONTO, Aug. 6, 2020 /CNW/ - Canada Nickel Company
Inc. (TSXV: CNC) ("Canada Nickel" or the "Company")
today announced additional encouraging results from infill drilling
on the Main Zone at its Crawford Nickel-Cobalt Sulphide
project.
"Our infill drilling program continues to deliver outstanding
results. Most importantly, the higher grade resource shell has been
significantly extended westward and establishes a second higher
grade resource shell area in the western end of mineralization. The
other three infill holes extended and will help to better define
the higher grade resource shells which will be the initial focus of
the mine plan in the Preliminary Economic Assessment currently
underway and expected to be completed by year-end," said
Mark Selby, Chair and CEO of Canada
Nickel. "Drier weather will allow us to resume drilling this
coming Monday. Once infill drilling is completed, we will also
follow up on the previously reported excellent PGM results from
hole CR20-32 (three separate intersections including 2.6 g/t PGM
over 7.5 metres) and several other prospective geophysical nickel
targets on the several kilometres of the Crawford structure which
remain untested."
The Crawford Nickel-Cobalt Sulphide Project is located in the
heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to
well-established, major infrastructure associated with over 100
years of regional mining activity.
Main Zone Infill Results
Infill drilling on the Main Zone continued to focus on more
clearly defining and upgrading the Higher-Grade Core resource,
which was previously defined as part of the resource estimate and
dips steeply within the ultramafic unit and having a true thickness
that varies from 40 m to 160 m.
All four infill holes contained in this release intersected
thick intersections of nickel mineralization, and continue to
extend and better define the higher grade resource shells. Assays
from the remaining 12 in-fill holes will be released over the next
several weeks. See Table 1 and Figure 1 for results.
Highlights of the drilling include:
- Infill hole CR20-56 will extend the strike length of the Main
Zone by 375 metres and is expected to extend the 0.3% higher grade
shell by 168 metres. Mineralization remains open along strike to
the west. 0.35% grade shell is expected to be created in western
portion of mineralization as hole returned 0.42% nickel over core
length of 31 metres from 186 metres, within 0.34% nickel over core
length of 148 metres from 114 metres
- Infill hole CR20-46 intersected thick intersections of nickel
mineralization with 0.31% nickel across entire core length of 363
metres within the steeply dipping higher-grade core which varies in
true thickness from 40 to 160 m
- Infill hole CR20-44 returned 0.41% nickel over core length of
52 metres from 350 metres, within 0.33% nickel over core length of
118 metres from 283 metres which further expand width of higher
grade shells on this section
Table 1 – Main Zone Nickel – Drilling Results, Crawford
Nickel-Cobalt Sulphide Project, Ontario
DDH ID
|
From
|
To
|
Length
|
Ni
|
Co
|
Pd
|
Pt
|
S
|
Fe
|
|
(m)
|
(m)
|
(m)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
|
|
|
|
|
|
|
|
|
|
CR20-44
|
36.0
|
402.0
|
366.0
|
0.27
|
0.014
|
0.019
|
0.006
|
0.30
|
6.51
|
including
|
283.5
|
402.0
|
118.5
|
0.33
|
0.016
|
0.030
|
0.009
|
0.58
|
6.67
|
including
|
349.5
|
402.0
|
52.5
|
0.41
|
0.020
|
0.043
|
0.013
|
0.99
|
7.35
|
|
|
|
|
|
|
|
|
|
|
CR20-45
|
39.0
|
408.0
|
369.0
|
0.28
|
0.012
|
0.016
|
0.007
|
0.08
|
5.17
|
including
|
39.0
|
289.5
|
250.5
|
0.30
|
0.012
|
0.022
|
0.008
|
0.11
|
4.70
|
including
|
145.5
|
219.0
|
73.5
|
0.34
|
0.013
|
0.028
|
0.010
|
0.13
|
4.51
|
|
|
|
|
|
|
|
|
|
|
CR20-46
|
48.0
|
411.0
|
363.0
|
0.31
|
0.013
|
0.030
|
0.010
|
0.29
|
5.83
|
including
|
315.0
|
384.0
|
69.0
|
0.36
|
0.017
|
0.057
|
0.019
|
0.97
|
8.19
|
|
|
|
|
|
|
|
|
|
|
CR20-56
|
70.8
|
588.0
|
517.2
|
0.28
|
0.013
|
0.013
|
0.009
|
0.08
|
6.72
|
including
|
114.0
|
262.5
|
148.5
|
0.34
|
0.013
|
0.028
|
0.010
|
0.16
|
5.99
|
including
|
186.0
|
217.5
|
31.5
|
0.42
|
0.013
|
0.038
|
0.012
|
0.23
|
6.11
|
*These holes were drilled at a steep angle of -80 degrees almost
entirely within the higher-grade core to better determine grade.
Hole CR20-56 was drilled at a -50 angle along the strike of the
mineralization and the core length represents 65% of the core
length. The estimated true width of this zone has been determined
from previous drilling to vary from 40 to 160 m depending on location of the section.
Next Steps
All drill results to date will be incorporated into an updated
resource now expected by the end of August. Once in-fill drilling
is completed, the Company will also follow up on the previously
reported excellent PGM results from hole CR20-32 (three intervals
including 2.6 g/t PGM over core length of 7.5 metres) and several
other prospective geophysical targets on the several kilometres of
the Crawford structure which remain untested on the west side of
the highway.
Table 2 – Drill Hole Orientation, Crawford Nickel-Cobalt
Sulphide Project, Ontario
DDH
ID
|
Easting
|
Northing
|
Dip
|
Azimuth
|
Length
|
|
(mE)
|
(mN)
|
(°)
|
(°)
|
(m)
|
CR20-44
|
473801.0
|
5408751.2
|
-80
|
215
|
402
|
CR20-45
|
473615.2
|
5408680.4
|
-80
|
35
|
408
|
CR20-46
|
473520.6
|
5408723.2
|
-80
|
215
|
411
|
CR20-56
|
472757.3
|
5408988.0
|
-50
|
305
|
588
|
Assays, Quality Assurance/Quality Control and Drilling and
Assay Procedures
William E.
MacRae, 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.
Samples are bagged with QA/QC samples inserted in batches of 35
samples per lot. Samples are transported in secure bags directly
from the Canada Nickel core shack to Actlabs Timmins, an ISO/IEC
17025 accredited lab. 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 one QA/QC sample per 32 core
samples making a batch of 35 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-cobalt sulphide
projects to deliver nickel and cobalt 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 and cobalt 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.
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-Cobalt Sulphide Project, the potential of the
Crawford Nickel-Cobalt Sulphide Project, timing of economic studies
and resource estimates, 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, timing
of the updated resource estimate, risks of the mining industry,
delays in obtaining governmental approvals, and 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 as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE Canada Nickel Company Inc.