North American Nickel Acquiring Additional Ground at the Maniitsoq Ni-Cu-Co & PGE Sulphide Project, Southwest Greenland
16 July 2013 - 2:15AM
Marketwired Canada
North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announce that it has been notified by the
Greenland Bureau of Minerals and Petroleum that its application to expand
mineral exploration licence 2012/28 by 123 square kilometers has been accepted.
The text of the new licence agreement is expected from the Greenland Government
shortly. The expansion will bring the total area covered by the project to 5,106
square kilometers.
Licence 2012/28 is one of two contiguous licences that comprise the Maniitsoq
project and the expansion consists of the six separate blocks outlined in red on
the 2013 exploration map available on our website www.northamericannickel.com.
The blocks are contiguous with the Company's current land holdings and they fill
gaps in the project area that, until recently, belonged to an exploration
company focused on diamond exploration. Many of the blocks contain exposures of
norite, the rock type most commonly associated with nickel and copper sulphide
mineralization at Maniitsoq. Many of the blocks also contain outcrops of
kimberlite dykes.
NAN CEO, Rick Mark, states: "With the acquisition of this new ground, North
American Nickel now controls over 90% of the highly prospective Greenland Norite
Belt. The Company currently has field crews and a diamond drill rig operating on
the project and is drill testing targets throughout the norite belt."
Qualified Person
All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and President, North American
Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba
nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 27.5% of
NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 4,983
square km's covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The 70km plus long belt is situated along, and near, the
southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty
Hill confirm the high value and potential of the GNB.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX
Mining. The property lies along the extension of the Whistle Offset dyke
structure. Such geological structures host major Ni-Cu-PGM deposits and
producing mines within the Sudbury Camp.
Statements about the Company's future expectations and all other statements in
this press release other than historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from the expected
results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Exchange) accepts responsibility for the
adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Nickel Inc.
Rick Mark
CEO and Chair
604-986-2020
Toll free: 1-866-816-0118
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