| Announcement Date: | 2022-04-04 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Canada Nickel Company Inc. |
| Project name: | Crawford |
| Location: | Canada |
| Commodities: | Palladium,Platinum,Nickel,Iron,Cobalt |
| Highlight: | Drilling results incl. 584.0m @ 0.3% Ni, 0.013% Co, 0.02g/t Pd, 0.012g/t Pt, 6.04% Fe from 85.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | TORONTO, April 4, 2022 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV: CNC) (OTCQX: CNIKF) announced today it had completed its current phase of drilling at the Company’s flagship Crawford Nickel Sulphide Project and is reporting assay results from 33 drill holes from the Crawford drilling program including additional assay results from the previously announced East Zone High Grade Core discovery. A further 37 holes have been drilled at Crawford with assays pending. Mark Selby, Chair and Chief Executive Officer said, “We are very excited to reach this key milestone of completing this phase of infill drilling at Crawford to support the feasibility study. The Crawford drilling program continued to deliver strong results, with this phase yielding the highest-grade interval to date, a 33% increase in strike length of East Zone mineralization to 2.8 kilometres, and further testing of Main Zone at depth to more than one kilometre. With more than 200 holes now completed – more than three times the drilling utilized in the Preliminary Economic Analysis (“PEA”) – we are well-positioned to deliver a resource increase by mid-year to support the feasibility study expected by the end of this year.” Crawford East Zone The East Zone was originally defined as two separate zones due to the limited amount of drilling included in the May 2021 PEA. Since then |
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