Highlights
- Successful infill drilling campaign targeted PGM Zones at
Crawford with 45 holes intersecting drill intervals of > 1g/t
palladium + platinum
- Results include:
- 2.19 g/t palladium + platinum over core length of 76.5 metres
in Crawford Main Zone including 3.90 g/t over core length of 13.5
metres
- 1.15 g/t palladium + platinum over 38.5 metres in Crawford East
Zone including 2.94 g/t over core length of 4.5 metres
- PGM results will be included in development of a Crawford PGM
Zone resource estimate and incorporated into the Crawford nickel
mine plan
TORONTO, July 31,
2024 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or the "Company")
(TSXV: CNC) (OTCQX: CNIKF) today announced additional results from
its drilling program targeting the PGM zones that occur along the
Crawford Main and East Zone boundaries and within the existing mine
plan outlined in the Crawford Nickel Project feasibility study.
Mark Selby, CEO of Canada Nickel,
said, "We are very pleased with the drilling results of the PGM
Zones for both the Crawford Main & East Zones, which occur
within the existing feasibility study mine plan for Crawford. The
opportunity to drill out these zones and to incorporate the
findings into a PGM resource estimate have the potential to unlock
incremental value from material that was previously unaccounted
for, and in fact was treated as waste material within the Crawford
feasibility study."
Crawford PGM Drilling
In early drilling campaigns at Crawford, "PGM zones" were
identified (Figure 1) with platinum (Pt) and palladium (Pd)
mineralization (Pt+Pd or PGM) occurring within a transitional
boundary between the pyroxenite and peridotite units (the "PGM
zone") that overlie the nickel-bearing dunites. In 2022, several
areas were targeted for PGM mineralization throughout the whole
Crawford property. Seventeen holes within the proposed Crawford pit
are reported in this release. In 2024, a total of 31 holes were
completed - 23 holes were drilled into the East zone, and eight new
holes were drilled into the Main Zone to target the PGM zones.
These zones are of interest as they reside within the boundaries of
the proposed Crawford open pit and, as a resource had not been
previously defined for the PGM zone, were treated as waste in the
current feasibility study.
The purpose of the 2024 drill program was to provide sufficient
infill drilling to produce a resource estimate on the PGM zones.
Canada Nickel successfully intersected mineralized
peridotite/pyroxenite in 28 of the 31 holes drilled.
Assay results from both the 2022 and 2024 programs are
tabulated in Table 1 and shown in Figure 2.
Table 1: Crawford selected PGM intervals (2024 and 2022
drilling)
|
Hole ID
|
From
|
To
|
Length
|
Calculated
true
width
|
Pt+Pd
|
Pd
|
Pt
|
Ni
|
Co
|
Cr
|
Fe
|
S
|
|
(m)
|
(m)
|
(m)
|
(m)
|
(g/t)
|
(g/t)
|
(g/t)
|
( %)
|
( %)
|
( %)
|
( %)
|
( %)
|
|
EAST
ZONE
|
|
CR24-345
|
201
|
205.5
|
4.5
|
2.8
|
0.55
|
0.20
|
0.35
|
0.05
|
0.01
|
0.37
|
6.99
|
0.08
|
|
CR24-344
|
286.5
|
297
|
10.5
|
1.5
|
1.53
|
0.81
|
0.72
|
0.07
|
0.01
|
0.49
|
7.27
|
0.05
|
|
including
|
289.5
|
292.5
|
3
|
0.4
|
2.97
|
1.57
|
1.40
|
0.06
|
0.01
|
0.53
|
8.02
|
0.05
|
|
CR24-342
|
370
|
382.5
|
12.5
|
10
|
0.51
|
0.28
|
0.23
|
0.04
|
0.01
|
0.24
|
6.54
|
0.21
|
|
including
|
378
|
381
|
3
|
2.4
|
1.16
|
0.52
|
0.64
|
0.05
|
0.01
|
0.4
|
7.01
|
0.04
|
|
CR24-338
|
228
|
234
|
6
|
2.8
|
1.87
|
0.87
|
1.00
|
0.02
|
0.01
|
0.28
|
5.74
|
0.17
|
|
CR24-336
|
199.5
|
208.5
|
9
|
3.1
|
1.02
|
0.48
|
0.54
|
0.02
|
0.01
|
0.34
|
5.55
|
0.06
|
|
CR24-335
|
69
|
78
|
9
|
6.7
|
0.86
|
0.38
|
0.48
|
0.03
|
0.01
|
0.31
|
6.13
|
0.06
|
|
including
|
73.5
|
78
|
4.5
|
3.3
|
1.53
|
0.67
|
0.86
|
0.03
|
0.01
|
0.27
|
5.94
|
0.06
|
|
CR24-333
|
205.5
|
212.9
|
7.4
|
2.7
|
1.07
|
0.42
|
0.65
|
0.06
|
0.01
|
0.5
|
6.74
|
0.18
|
|
including
|
207
|
210
|
3
|
1.1
|
2.10
|
0.84
|
1.26
|
0.05
|
0.01
|
0.59
|
6.39
|
0.08
|
|
CR24-332
|
87
|
90
|
3
|
1.3
|
1.66
|
0.79
|
0.87
|
0.03
|
0.01
|
0.32
|
5.75
|
0.09
|
|
CR24-330
|
210
|
217.5
|
7.5
|
2.3
|
0.29
|
0.22
|
0.07
|
0.16
|
0.01
|
0.59
|
6.95
|
0.04
|
|
CR24-328
|
58
|
65
|
7
|
4.8
|
0.91
|
0.39
|
0.52
|
0.05
|
0.01
|
0.43
|
6.88
|
0.1
|
|
including
|
61
|
63.5
|
2.5
|
1.7
|
2.06
|
0.95
|
1.11
|
0.04
|
0.01
|
0.39
|
6.46
|
0.03
|
|
CR24-327
|
306.5
|
324.8
|
18.3
|
5.0
|
0.38
|
0.13
|
0.25
|
0.06
|
0.01
|
0.37
|
7.82
|
0.03
|
|
including
|
311
|
312.5
|
1.5
|
0.8
|
1.24
|
0.30
|
0.94
|
0.06
|
0.01
|
0.34
|
7.67
|
0.03
|
|
CR24-326
|
210.5
|
249.5
|
38.5
|
11.9
|
1.15
|
0.52
|
0.63
|
0.03
|
0.01
|
0.39
|
5.84
|
0.11
|
|
including
|
216.5
|
221
|
4.5
|
1.4
|
2.94
|
1.35
|
1.59
|
0.04
|
0.01
|
0.35
|
5.3
|
0.22
|
|
including
|
233
|
240.5
|
7.5
|
2.3
|
2.06
|
0.98
|
1.08
|
0.03
|
0.01
|
0.35
|
5.3
|
0.22
|
|
CR24-325
|
147
|
156
|
9
|
2.8
|
0.88
|
0.38
|
0.50
|
0.04
|
0.01
|
0.36
|
5.96
|
0.15
|
|
including
|
151.5
|
154.5
|
3
|
0.9
|
2.36
|
1.07
|
1.29
|
0.04
|
0.01
|
0.31
|
6.27
|
0.28
|
|
CR24-323
|
88.5
|
93
|
4.5
|
3.3
|
1.01
|
0.48
|
0.53
|
0.07
|
0.01
|
0.42
|
7.32
|
0.1
|
|
CR24-322
|
237
|
249.5
|
12.5
|
3.9
|
0.99
|
0.46
|
0.53
|
0.05
|
0.01
|
0.45
|
6.86
|
0.07
|
|
including
|
240
|
244
|
4
|
1.2
|
2.75
|
1.31
|
1.45
|
0.05
|
0.01
|
0.46
|
7.67
|
0.03
|
|
CR24-321
|
64.5
|
67.5
|
3
|
1.2
|
0.91
|
0.43
|
0.48
|
0.06
|
0.01
|
0.4
|
7.71
|
0.1
|
|
CR24-320
|
195
|
198
|
3
|
0.9
|
0.24
|
0.17
|
0.07
|
0.11
|
0.02
|
0.49
|
8.15
|
0.03
|
|
CR24-319
|
119
|
124.5
|
5.5
|
1.3
|
1.19
|
0.51
|
0.68
|
0.04
|
0.01
|
0.48
|
6.13
|
0.11
|
|
CR24-318
|
69
|
76.5
|
7.5
|
5.6
|
1.22
|
0.56
|
0.66
|
0.05
|
0.01
|
0.49
|
7.69
|
0.07
|
|
including
|
72
|
75
|
3
|
2.2
|
2.52
|
1.16
|
1.36
|
0.05
|
0.01
|
0.46
|
6.94
|
0.02
|
|
Hole
ID
|
From
|
To
|
Length
|
Calculated
true
width
|
Pt+Pd
|
Pd
|
Pt
|
Ni
|
Co
|
Cr
|
Fe
|
S
|
|
CR24-317
|
190.3
|
208.5
|
18.2
|
5.6
|
1.09
|
0.54
|
0.55
|
0.03
|
0.01
|
0.38
|
6.11
|
0.08
|
|
including
|
199.5
|
205.5
|
6
|
1.9
|
2.16
|
1.04
|
1.12
|
0.02
|
0.01
|
0.35
|
5.76
|
0.05
|
|
CR24-316
|
115.5
|
120
|
4.5
|
3.3
|
0.92
|
0.35
|
0.56
|
0.06
|
0.01
|
0.48
|
7.22
|
0.05
|
|
including
|
115.5
|
117
|
1.5
|
1.1
|
1.57
|
0.57
|
1.0
|
0.05
|
0.01
|
0.53
|
7.41
|
0.03
|
|
CR24-315
|
324
|
339
|
15
|
7
|
1.10
|
0.57
|
0.53
|
0.06
|
0.01
|
0.39
|
7.67
|
0.03
|
|
including
|
324
|
330
|
6
|
2.8
|
2.50
|
1.32
|
1.18
|
0.06
|
0.01
|
0.4
|
7.75
|
0.03
|
|
including
|
324
|
327
|
3
|
1.4
|
3.73
|
1.96
|
1.77
|
0.06
|
0.01
|
0.42
|
8.1
|
0.04
|
|
CR22-298
|
90
|
96
|
6
|
4.1
|
1.65
|
0.79
|
0.86
|
0.02
|
0.01
|
0.26
|
5.32
|
0.03
|
|
CR22-296
|
159
|
165
|
6
|
2.8
|
0.39
|
0.22
|
0.16
|
0.05
|
0.01
|
0.42
|
6.13
|
0.01
|
|
CR22-295
|
114
|
118.5
|
4.5
|
3.3
|
0.97
|
0.54
|
0.44
|
0.02
|
0.01
|
0.34
|
4.86
|
0.02
|
|
CR22-294
|
186
|
190.5
|
4.5
|
2.1
|
1.57
|
0.76
|
0.81
|
0.03
|
0.01
|
0.35
|
6.01
|
0.01
|
|
CR22-291
|
106.5
|
112.5
|
6
|
4.5
|
0.42
|
0.15
|
0.27
|
0.04
|
0.01
|
0.37
|
6.04
|
0.01
|
|
CR22-288
|
120
|
130.5
|
10.5
|
4.9
|
0.86
|
0.37
|
0.49
|
0.05
|
0.01
|
0.36
|
6.93
|
0.25
|
|
including
|
123
|
127.5
|
4.5
|
2.1
|
1.69
|
0.72
|
0.97
|
0.04
|
0.01
|
0.31
|
6.25
|
0.02
|
|
CR22-287
|
92
|
98
|
6
|
4.5
|
1.02
|
0.45
|
0.57
|
0.07
|
0.01
|
0.51
|
7.79
|
0.04
|
|
CR22-286
|
98
|
105.5
|
7.5
|
3.5
|
1.53
|
0.66
|
0.87
|
0.05
|
0.01
|
0.41
|
6.93
|
0.01
|
|
CR22-286
|
101
|
104
|
3
|
1.4
|
3.37
|
1.48
|
1.89
|
0.05
|
0.01
|
0.43
|
7.51
|
0.01
|
|
CR22-285
|
73
|
74.5
|
1.5
|
1.1
|
1.52
|
0.56
|
0.96
|
0.06
|
0.01
|
0.71
|
7.38
|
0.04
|
|
CR22-284
|
76.5
|
84
|
7.5
|
5.6
|
0.99
|
0.44
|
0.56
|
0.04
|
0.01
|
0.28
|
6.8
|
0.06
|
|
including
|
79.5
|
82.5
|
3
|
2.2
|
2.14
|
1.00
|
1.14
|
0.04
|
0.01
|
0.21
|
6.11
|
0.06
|
|
CR22-283
|
106.5
|
126
|
19.5
|
7.6
|
1.20
|
0.53
|
0.67
|
0.03
|
0.01
|
0.37
|
5.13
|
0.11
|
|
CR22-281
|
129
|
133.5
|
4.5
|
3.3
|
0.76
|
0.34
|
0.42
|
0.03
|
0.01
|
0.38
|
6.1
|
0.02
|
|
including
|
130.5
|
133.5
|
3
|
2.2
|
1.92
|
0.86
|
1.06
|
0.03
|
0.01
|
0.36
|
6.06
|
0.02
|
|
CR22-267
|
120
|
130.5
|
10.5
|
4.1
|
0.22
|
0.11
|
0.12
|
0.06
|
0.01
|
0.35
|
7.15
|
0.13
|
|
CR22-265
|
200
|
246
|
46
|
.18.0
|
1.94
|
0.87
|
1.07
|
0.03
|
0.01
|
0.43
|
6.05
|
0.1
|
|
including
|
228.5
|
243
|
14.5
|
5.7
|
3.49
|
1.65
|
1.83
|
0.02
|
0.01
|
0.3
|
5.83
|
0.01
|
|
MAIN
ZONE
|
|
CR24-341
|
457.5
|
468
|
10.5
|
1.3
|
0.26
|
0.12
|
0.14
|
0.06
|
0.01
|
0.4
|
7.47
|
0.03
|
|
CR24-334A
|
244.5
|
267
|
22.5
|
3.9
|
1.03
|
0.60
|
0.43
|
0.04
|
0.01
|
0.52
|
5.99
|
0.05
|
|
CR24-331
|
369
|
445.5
|
76.5
|
9.3
|
2.19
|
1.03
|
1.16
|
0.04
|
0.01
|
0.39
|
6.49
|
0.06
|
|
including
|
376.5
|
390
|
13.5
|
1.6
|
3.90
|
1.87
|
2.02
|
0.05
|
0.01
|
0.44
|
6.94
|
0.07
|
|
CR24-329
|
391.5
|
397.5
|
2.5
|
0.7
|
0.30
|
0.11
|
0.08
|
0.07
|
0.01
|
0.44
|
6.93
|
0.1
|
|
CR24-324
|
291
|
294
|
3
|
1.4
|
0.32
|
0.12
|
0.20
|
0.03
|
0.01
|
0.42
|
5.37
|
0.05
|
|
CR22-272
|
54
|
93
|
39
|
10.7
|
0.84
|
0.45
|
0.38
|
0.05
|
0.01
|
0.5
|
7.02
|
0.08
|
|
including
|
60
|
63
|
3
|
0.8
|
1.24
|
0.83
|
0.41
|
0.05
|
0.01
|
0.57
|
7.1
|
0.07
|
|
And
|
66
|
76.5
|
10.5
|
2.9
|
1.90
|
0.97
|
0.93
|
0.05
|
0.01
|
0.61
|
6.93
|
0.06
|
|
CR22-257
|
190.8
|
195.5
|
4.7
|
3.8
|
2.20
|
0.84
|
1.36
|
0.06
|
0.01
|
0.48
|
7
|
0.05
|
Table 3: Drillhole Orientation
|
Hole
ID
|
Easting
(mE)
|
Northing
(mN)
|
Azimuth
(⁰)
|
Dip
(⁰)
|
Length
(m)
|
|
CR24-345
|
473300
|
5409950
|
356
|
-60
|
402
|
|
CR24-344
|
473205
|
5409985
|
0
|
-90
|
366
|
|
CR24-342
|
473373
|
5410260
|
170
|
-45
|
397
|
|
CR24-341
|
473833
|
5408690
|
0
|
-75
|
540
|
|
CR24-340
|
473278
|
5410290
|
173
|
-42
|
462
|
|
CR24-338
|
473610
|
5409950
|
0
|
-70
|
252
|
|
CR24-336
|
473827
|
5409967
|
0
|
-78
|
270
|
|
CR24-335
|
473950
|
5410000
|
0
|
-50
|
201
|
|
CR24-334A
|
473681
|
5408782
|
12
|
-70
|
372
|
|
CR24-333
|
474215
|
5409965
|
340
|
-77
|
236
|
|
CR24-332
|
474180
|
5410015
|
0
|
-72
|
252
|
|
CR24-331
|
473555
|
5408774
|
15
|
-74
|
501
|
|
CR24-330
|
474350
|
5409905
|
320
|
-80
|
450
|
|
CR24-329
|
473265
|
5408895
|
45
|
-70
|
450
|
|
CR24-328
|
474460
|
5409970
|
335
|
-55
|
231
|
|
CR24-327
|
473265
|
5408895
|
14
|
-66
|
351
|
|
CR24-326
|
474515
|
5409895
|
0
|
-80
|
273
|
|
CR24-325
|
474600
|
5409925
|
0
|
-80
|
201
|
|
CR24-324
|
472837
|
5409083
|
35
|
-55
|
351
|
|
CR24-323
|
474600
|
5409925
|
0
|
-50
|
261
|
|
CR24-322
|
474715
|
5409905
|
0
|
-80
|
306
|
|
CR24-321
|
474770
|
5409965
|
5
|
-75
|
300
|
|
CR24-320
|
474820
|
5409900
|
0
|
-80
|
270
|
|
CR24-319
|
474915
|
5409940
|
5
|
-84
|
171
|
|
CR24-318
|
474915
|
5409940
|
5
|
-50
|
204
|
|
CR24-317
|
475120
|
5409900
|
0
|
-80
|
300
|
|
CR24-316
|
475120
|
5409900
|
0
|
-50
|
207
|
|
CR24-315
|
473682
|
5410225
|
172
|
-54
|
399
|
|
CR22-298
|
473564
|
5410008
|
0
|
-55
|
252
|
|
CR22-296
|
473374
|
5409984
|
2
|
-70
|
201
|
|
CR22-295
|
473374
|
5409984
|
2
|
-50
|
282
|
|
CR22-294
|
475434
|
5409927
|
0
|
-70
|
192
|
|
CR22-291
|
475204
|
5409922
|
10
|
-50
|
210
|
|
CR22-288
|
474805
|
5409925
|
2
|
-70
|
171
|
|
CR22-287
|
474806
|
5409923
|
4
|
-50
|
252
|
|
CR22-286
|
474705
|
5409932
|
2
|
-70
|
180
|
|
CR22-285
|
474705
|
5409932
|
2
|
-50
|
252
|
|
CR22-284
|
474504
|
5409940
|
2
|
-50
|
261
|
|
CR22-283
|
474504
|
5409939
|
2
|
-75
|
222
|
|
CR22-282
|
474303
|
5409955
|
2
|
-75
|
222
|
|
CR22-281
|
474303
|
5409956
|
2
|
-50
|
252
|
|
CR22-272
|
473764
|
5408865
|
172
|
-82
|
651
|
|
CR22-267
|
474606
|
5410009
|
180
|
-75
|
650
|
|
CR22-265
|
474403
|
5410013
|
180
|
-75
|
577
|
|
CR22-257
|
473644
|
5408751
|
355
|
-45
|
354
|
Assays, Quality Assurance/Quality Control and Drilling and
Assay
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 or SGS Callao (Peru). 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 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.
The magnetic images shown in this press release were
created from Canada Nickel's interpretation of datasets provided by
the Ontario Geological Survey.
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 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.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Note and Statement Concerning Forward Looking
Statements
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, 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, timing and
completion (if at all) of mineral resource estimates, strategic
plans, including future exploration and development plans and
results, and corporate and technical objectives.
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.
Neither the 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.
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SOURCE Canada Nickel Company Inc.
