Announcement Date: 2023-03-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Canada Nickel Company Inc.
Project name: Texmont
Location: Canada
Commodities: Palladium,Platinum,Nickel,Cobalt,Sulphur
Highlight: Drilling results incl. 91.5m at 0.50% Ni, 0.01% Co, 0.031g/t Pd, 0.023g/t Pt, 0.45% S from 58.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, March 6, 2023 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSXV: CNC) (OTCQX: CNIKF) today announced assay results from the first twelve holes of its initial drill program at the Texmont property that confirm high grade, near-surface nickel mineralization. Texmont is located 36 kilometres south of Timmins. The Company has drilled a total of 39 holes and 9,670 metres, completing its initial phase to support the development of a mineral resource at Texmont expected to be delivered later this year. Mark Selby, Chair & CEO of Canada Nickel Company, said, “We are excited by the results of our initial phase of drilling and assay results at Texmont which confirm our thesis of near-surface, high grade intervals of nickel that is present within thick mineralized sections, which support the potential for nearterm, smaller scale, open pit production. This near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project.”
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