Canada Nickel Reports Continued Exploration Success at Reid, Mann West and Deloro
Press Release
Highlights
⦁ Mann West – successful final three holes, Mann West initial resource to be published in June 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65
⦁ Reid – successful infill drilling program to support an updated resource by year-end 2025
⦁ 0.27% nickel over 711 metres including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI24-70
⦁ Deloro – successful infill drilling with shallow overburden to support updated resource by year-end 2025
⦁ 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with mineralization starting at 6 metres below surface
TORONTO, May 28, 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 Deloro properties.
CEO Mark Selby said, “The Timmins Nickel District continues to deliver excellent exploration results from Reid, Mann West and Deloro. We look forward to initial resources from three of our projects (Mann West, Mann Central, and Texmont) in June 2025. The results from Reid continue to show impressive continuity for both the overall mineralization and higher-grade zones, and Deloro continues to deliver excellent intervals with shallow overburden. The results will support conversion of potential resources at both projects, and we expect to publish updated resources by year-end 2025. I am excited by our ongoing and clear demonstration of the potential of the Timmins Nickel District, with six resources to be published by the end of June and three additional resources to be published through the remainder of 2025.”
Reid Project
Highlights:
⦁ 0.27% nickel over 711 metres, including 0.45% nickel over 39 metres within 0.37% nickel over 120 metres in REI25-70
⦁ 0.27% nickel over 620.0 metres, including 0.38% nickel over 21.0 metres within 178.0 metres of 0.30% in REI24-59
The initial mineral resource for Reid was published in late 2024 by Canada Nickel (see news release dated December 23, 2024). Since that time, drilling has continued with the goal of adding to the resource in the Measured, Indicated and Inferred categories. Assays from the last three drillholes of the 2024 campaign are presented here (see Table 1 and Figure 1).
Reid is a large serpentinized ultramafic consisting mainly of dunite and minor peridotite with multiple intervals of higher-grade nickel mineralization. Near the centre of the intrusion is the “Central Dyke Corridor” which has slightly lower grades of nickel that are interrupted by north-south oriented dykes.
Twenty-eight additional drillholes were completed in the spring of 2025 at Reid, with eight drillholes presented in this release. These holes all intersected long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-59 and REI25-70 were both drilled in the western half of the geophysical target where it intersected higher grade nickel mineralization, confirming the continuity on strike of one higher grade horizon that is oriented west-northwest to east-southeast. Drilling through the Central Dyke Corridor encountered thick intervals of mineralization including REI25-68 which intersected 0.28% nickel over 471.6 metres. Twenty drillholes remain to be released with assays pending.
IBF4
