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 /PRNewswire/ - 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.
Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity. (CNW Group/Canada Nickel Company Inc.)
Figure 2. – Midlothian – CNC Drillholes Over Total Magnetic Intensity. (CNW Group/Canada Nickel Company Inc.)
Figure 3. – Mann W – CNC Drillholes Over Total Magnetic Intensity. (CNW Group/Canada Nickel Company Inc.)
Figure 4. – Mann S – CNC Drillholes Over Total Magnetic Intensity. (CNW Group/Canada Nickel Company Inc.)
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.
Hole ID
From (m)
To (m)
Length (m)*
Ni %
Co %
Pd g/t
Pt g/t
Cr %
Fe %
S %
Main Area
REI24-51
57.0
228.5
171.5
0.27
0.012
0.018
0.013
0.67
5.91
0.08
including
83.0
102.0
19.0
0.36
0.013
0.049
0.020
0.62
6.18
0.11
including
87.0
96.4
9.4
0.47
0.015
0.045
0.016
0.68
5.88
0.14
and
242.3
414.0
171.7
0.25
0.011
0.003
0.005
0.80
5.29
0.04
REI24-52
36.3
759.0
722.7
0.24
0.013
0.012
0.007
0.64
6.03
0.05
including
309.0
321.0
12.0
0.48
0.019
0.058
0.032
0.60
6.68
0.12
and
415.5
489.0
73.5
0.34
0.013
0.022
0.013
0.57
6.02
0.10
Including
415.5
453.0
37.5
0.41
0.014
0.028
0.015
0.61
6.10
0.10
REI24-53
51.0
127.3
76.3
0.24
0.011
0.005
0.006
0.78
5.54
0.06
and
141.9
307.9
166.0
0.26
0.012
0.007
0.006
0.82
5.73
0.09
REI24-54
30.5
118.7
88.2
0.19
0.013
0.003
0.003
0.55
6.62
0.02
and
136.0
160.6
24.6
0.17
0.012
0.004
0.010
0.59
7.41
0.06
and
308.5
313.0
4.5
0.06
0.013
0.708
0.827
0.50
7.53
0.02
REI24-55
45.0
301.1
256.1
0.20
0.013
0.005
0.005
0.53
7.00
0.03
and
315.1
561.0
245.9
0.22
0.012
0.005
0.006
0.67
6.55
0.04
REI24-56
70.1
621.0
550.9
0.23
0.013
0.003
0.003
0.64
5.94
0.05
REI24-58
57.0
531.0
474.0
0.25
0.012
0.004
0.004
0.81
5.61
0.04
including
160.5
174.0
13.5
0.30
0.013
0.003
0.005
0.68
5.77
0.07
Central Dyke Corridor
REI24-49
40.0
189.2
149.2
0.28
0.012
0.006
0.006
0.76
5.55
0.05
including
40.0
61.5
21.5
0.36
0.012
0.023
0.009
0.70
5.82
0.09
and
226.5
280.5
54.0
0.26
0.012
0.003
0.005
0.73
5.51
0.08
and
363.3
440.7
77.4
0.26
0.012
0.016
0.011
0.59
5.64
0.06
REI24-57
30.8
357.0
326.2
0.18
0.013
0.004
0.005
0.53
7.08
0.04
*True width undetermined. All lengths are drillhole lengths.
Midlothian Property
The Midlothian property is located 70 kilometres south-southeast of Timmins, 25 kilometres west of Matachewan and is directly accessible by road. A total of 16 drillholes have been completed at this property. All 16 holes intersected long intervals of dunite at shallow depths (Figure 2). These holes were drilled on a target measuring 2.7 kilometres long and 0.4 to 0.9 kilometres wide with a target footprint of 1.7 square kilometres (compared to Crawford resource of 1.5 square kilometres). This release contains assay information on the last two completed holes, each of which intersected long intervals of consistently higher-grade mineralization. (see new releases dated April 13, 2023, May 24, 2023, and January 23 2025).
Table 2 – Midlothian drilling highlights.
Hole ID
From (m)
To (m)
Length (m)*
Ni %
Co %
Pd g/t
Pt g/t
Cr %
Fe %
S %
MID24-13
112.5
554.0
441.5
0.29
0.010
0.003
0.005
0.16
4.54
0.04
Including
190.0
199.0
9.0
0.36
0.011
0.003
0.005
0.14
4.62
0.01
and
505.0
554
49.0
0.32
0.009
0.003
0.005
0.10
3.56
0.06
MID24-14
9.0
474.3
465.3
0.27
0.012
0.003
0.004
0.26
5.49
0.02
*True width undetermined. All lengths are drillhole lengths.
Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane and is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration. The target consists of four separate targets, Mann North, Mann West (together formerly Mann Northwest), Mann Central and Mann South. This release provides an assay update from six holes, three holes at Mann West, and three holes at Mann South.
Mann West
Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). The drill program completed focused on the southern half of the target with drilling completed over a strike length of 1.7 kilometres and a width of at least 600 metres. All drillholes intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of 40 holes to date at Mann West (Figure 2), with 31 holes drilled during the 2024 program. The company is currently working on an initial resource estimate expected by April 2025. Assays from three holes are presented in this release and a final two holes are awaiting assays.
Table 3 – Mann West drilling highlights.
Hole ID
From (m)
To (m)
Length (m)*
Ni %
Co %
Pd g/t
Pt g/t
Cr %
Fe %
S %
MAN24-79
48.7
501.0
452.3
0.27
0.012
0.025
0.013
0.25
6.28
0.10
Including
192.0
210.0
18.0
0.40
0.012
0.124
0.042
0.15
6.16
0.09
Including
205.5
210.0
4.5
0.63
0.011
0.434
0.138
0.15
5.82
0.13
and
358.5
412.5
54.0
0.34
0.013
0.037
0.017
0.15
6.11
0.15
MAN24-80
6.0
337.5
331.5
0.24
0.012
0.016
0.012
0.35
6.42
0.15
Including
43.5
54.0
10.5
0.41
0.011
0.092
0.041
0.15
5.31
0.11
and
118.5
157.5
39.0
0.29
0.014
0.019
0.006
0.57
6.32
0.12
MAN24-98
94.5
211.8
117.3
0.24
0.012
0.016
0.009
0.31
6.22
0.07
and
218.4
501.0
282.6
0.23
0.013
0.021
0.011
0.37
6.78
0.09
*True width undetermined. All lengths are drillhole lengths.
Mann South
This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and irregular shape, with an overall area of 4.1 square kilometres. The company drilled 20 holes in 2024 and successfully intersected varying degrees of serpentinized peridotite and minor pyroxenite. Peridotite shows anomalous values of PGE in hole MAN24-96. Assays from three holes are presented in this release.
Table 4 – Mann South drilling highlights.
Hole ID
From (m)
To (m)
Length (m)*
Ni %
Co %
Pd g/t
Pt g/t
Cr %
Fe %
S %
MAN24-88
61.4
496.5
435.1
0.23
0.011
0.003
0.005
0.48
5.70
0.05
MAN24-95
33.0
402.0
369.0
0.18
0.013
0.005
0.005
0.46
7.17
0.05
MAN24-96
32.1
402.0
369.9
0.17
0.013
0.052
0.065
0.38
7.06
0.01
including
38.0
65.0
27.0
0.18
0.016
0.360
0.046
0.08
8.09
0.02
and
92.5
154.5
62.0
0.08
0.014
0.109
0.347
0.33
7.58
0.01
*True width undetermined. All lengths are drillhole lengths.
Table 5: Drillhole Orientation
Hole ID
Easting (mE)
Northing (mN)
Azimuth (⁰)
Dip (⁰)
Length (m)
MANN WEST
MAN24-79
496793.5
5412392
215
-50
501
MAN24-80
496749.9
5411989
215
-50
474
MAN24-98
495901.7
5412589
220
-50
501
MANN SOUTH
MAN24-88
503622
5408792
50
-50
501
MAN24-95
502507
5405555
55
-50
402
MAN24-96
502253
5405841
35
-50
402
REID
REI24-49
456964.1
5404097
130
-50
483
REI24-51
457900
5404100
90
-60
447
REI24-52
457349.4
5404196
180
-55
759
REI24-53
457930.1
5404253
90
-60
372
REI24-54
456960
5403900
180
-55
501
REI24-55
457754.4
5404635
90
-60
561
REI24-56
457327.8
5404025
180
-60
621
REI24-57
456960.9
5403900
130
-55
537
REI24-58
457929.4
5404172
270
-60
531
MIDLOTHIAN
MID24-13
500117
5303240
180
-50
554
MID24-14
498707
5303083
180
-52
537
Statement Regarding TSX Venture
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Quality Assurance and Control, Drilling and Assaying
Edwin Escarraga, MSc, P.Geo., a "qualified person" as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, corporate and technical objectives, receipt of TSX Venture Exchange approval for the acquisition described herein and the completion of the transaction. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
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