Canada Nickel Announces Further Successful Exploration Results from the “Three Giants” including Highest Grade to Date at Mann West
Press Release
Highlights
- The Three Giants – Reid, Mann West, and Midlothian continue to deliver strong results
- Mann West: Highest grade interval to date with 0.63% nickel over 4.5 metres within 18 metres of 0.40% nickel within an entire mineralized core length of 452 metres of 0.27% nickel, in hole MAN24-79
- Midlothian: Consistently higher grades across entire core lengths. 0.32% nickel over 49 metres, within an entire hole length of 441.5 metres at 0.29% nickel in hole MID24-13.
- Reid – infill and extension drilling continues in line with expectations including targeted higher-grade nickel intersected in two new holes:
- 0.48% nickel over 12.0 metres and 0.41% nickel over 37.5 metres within 73.5 metres of 0.34% in REI24-52, all within an entire core length of 722.7 metres at 0.24% nickel
- 0.47% nickel over 9.4 metres within 171.5 metres averaging 0.27% nickel in REI24-51
TORONTO, March 12, 2025 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann West and Midlothian properties.
CEO Mark Selby said, “Our regional exploration program is consistently yielding excellent outcomes with each of the Three Giants delivering strong drilling results. These targets each have a target footprint larger than our flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins Nickel District. We are excited to publish the remaining six resources by mid-2025, bringing the total to eight regional resources and showcasing the vast scale of nickel resources within the District.”
Reid Project
Canada Nickel recently published its initial mineral resource for Reid (see news release dated December 23, 2024).
Following the initial resource estimate, the company continued with an infill drilling campaign in order to upgrade resources to Measured, Indicated, and Inferred categories. Assays from nine additional holes are presented in this release (Table 1, Figure 1).
Drilling continues this winter at Reid where there are now 18 new completed holes with assays pending. These holes continued to intersect long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-52 was drilled near the center of the core anomaly where it intersected targeted higher grade nickel mineralization, confirming the continuity on strike of at least one higher grade horizon that is oriented west-northwest to east-southeast.
The Reid project is located just 16 kilometres southwest of Crawford and contains a geophysical target of 3.9 square kilometres which is nearly 2.4 times larger than Crawford.
Table 1 – Reid drilling highlights.
IBF4
