| 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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