Canada Nickel Announces Assay Results from Second High Grade Sulphide Intersection at Bannockburn Project
Canada Nickel reported positive assay results from drill hole BAN24-20 at its Bannockburn property, located 65 kilometers south of Timmins. The hole intersected 1.11% nickel over 10.1 metres, including 1.32% nickel, 0.17% copper, and 0.55 g/t palladium + platinum over 4.4 metres.
This mineralized interval is situated 138 metres northwest of BAN24-18, which previously intersected 1.61% nickel over 12.0 metres. The company has completed a new BHEM survey in BAN24-20 to test the continuation of high-grade horizons, revealing two separate lenses of mineralization. Follow-up drilling is currently in progress with hole BAN24-21.
Canada Nickel ha riportato risultati di analisi positivi dal pozzo di perforazione BAN24-20 presso la sua propriet脿 di Bannockburn, situata a 65 chilometri a sud di Timmins. Il pozzo ha intersecato 1,11% di nichel su 10,1 metri, inclusi 1,32% di nichel, 0,17% di rame e 0,55 g/t di palladio + platino su 4,4 metri.
Questo intervallo mineralizzato si trova a 138 metri a nord-ovest di BAN24-18, che in precedenza aveva intersecato 1,61% di nichel su 12,0 metri. L'azienda ha completato un nuovo sondaggio BHEM in BAN24-20 per testare la continuazione degli orizzonti ad alta leggerezza, rivelando due lenti separate di mineralizzazione. I lavori di perforazione di follow-up sono attualmente in corso con il foro BAN24-21.
Canada Nickel report贸 resultados de an谩lisis positivos del pozo de perforaci贸n BAN24-20 en su propiedad de Bannockburn, ubicada a 65 kil贸metros al sur de Timmins. El pozo intersect贸 1.11% de n铆quel en 10.1 metros, incluyendo 1.32% de n铆quel, 0.17% de cobre y 0.55 g/t de paladio + platino en 4.4 metros.
Este intervalo mineralizado se encuentra a 138 metros al noroeste del BAN24-18, que previamente intersect贸 1.61% de n铆quel en 12.0 metros. La empresa ha completado una nueva encuesta BHEM en BAN24-20 para probar la continuaci贸n de horizontes de alta ley, revelando dos lentes de mineralizaci贸n separadas. Se est谩n llevando a cabo perforaciones de seguimiento actualmente con el pozo BAN24-21.
旌愲倶雼� 雼堨紙鞚� 韺�氙检姢鞐愳劀 65韨氙疙劙 雮鞐� 鞙勳箻頃� 氚半剦氩�(Bannockburn) 鞛愳偘鞚� 霌滊Υ 頇� BAN24-20鞐愳劀 旮嶌爼鞝侅澑 攵勳劃 瓴瓣臣毳� 氤搓碃頄堨姷雼堧嫟. 鞚� 頇�鞚� 10.1氙疙劙鞐� 瓯胳硱 1.11% 雼堨紙鞚� 韽暔頃橃棳, 4.4氙疙劙鞐� 瓯胳硱 1.32% 雼堨紙, 0.17% 甑Μ 氚� 0.55g/t 韺旊澕霌� + 頂岆灅韹半剺鞚� 韽暔頃橁碃 鞛堨姷雼堧嫟.
鞚� 甏戨頇旊悳 甑皠鞚� BAN24-18鞚� 攵侅劀飒� 138氙疙劙 歆�鞝愳棎 鞙勳箻頃橂┌, 頃措嫻 頇�鞚� 鞚挫爠鞐� 12.0氙疙劙鞐� 瓯胳硱 1.61% 雼堨紙鞚� 氚滉铂頄堨姷雼堧嫟. 須岇偓電� 瓿犽摫旮� 靾橅弶鞚� 鞐办啀靹膘潉 韰岇姢韸疙晿旮� 鞙勴暣 BAN24-20鞐愳劀 靸堧鞖� BHEM 臁办偓毳� 鞕勲頄堨溂氅�, 霊� 臧滌潣 攵勲Μ霅� 甏戨頇� 霠岇毳� 氚濏様鞀惦媹雼�. 順勳灛 BAN24-21 頇�鞐� 雽�頃� 頉勳啀 霌滊Υ毵侅澊 歆勴枆 欷戩瀰雼堧嫟.
Canada Nickel a annonc茅 des r茅sultats d'analyse positifs du trou de forage BAN24-20 sur sa propri茅t茅 de Bannockburn, situ茅e 脿 65 kilom猫tres au sud de Timmins. Le trou a intercept茅 1,11% de nickel sur 10,1 m猫tres, incluant 1,32% de nickel, 0,17% de cuivre et 0,55 g/t de palladium + platine sur 4,4 m猫tres.
Ce intervalle min茅ralis茅 est situ茅 脿 138 m猫tres au nord-ouest de BAN24-18, qui avait pr茅c茅demment intercept茅 1,61% de nickel sur 12,0 m猫tres. La soci茅t茅 a compl茅t茅 une nouvelle enqu锚te BHEM dans BAN24-20 pour tester la continuit茅 des horizons de haute teneur, r茅v茅lant deux lentilles distinctes de min茅ralisation. Un forage de suivi est actuellement en cours avec le trou BAN24-21.
Canada Nickel berichtete 眉ber positive Analyseergebnisse aus dem Bohrloch BAN24-20 auf seinem Bannockburn-Grundst眉ck, das 65 Kilometer s眉dlich von Timmins liegt. Das Loch durchteufte 1,11% Nickel 眉ber 10,1 Meter, einschlie脽lich 1,32% Nickel, 0,17% Kupfer und 0,55 g/t Palladium + Platin 眉ber 4,4 Meter.
Dieser mineralisierte Abschnitt befindet sich 138 Meter nordwestlich von BAN24-18, das zuvor 1,61% Nickel 眉ber 12,0 Meter durchteufte. Das Unternehmen hat eine neue BHEM-Umfrage in BAN24-20 durchgef眉hrt, um die Fortsetzung der hochgradigen Horizonte zu testen, und zwei separate Linsen der Mineralisierung entdeckt. Die Nachfolgebewetterungen sind derzeit mit dem Loch BAN24-21 im Gange.
- High-grade nickel intersection of 1.11% over 10.1 metres
- Second successful drill hole confirming mineralization continuation
- Discovery of two separate mineralized lenses indicating potential resource expansion
- None.
Highlights
- Well-mineralized interval grading
1.11% nickel over 10.1 metres including1.32% nickel,0.17% copper and 0.55 g/t palladium + platinum over 4.4 metres - Mineralized interval is 138 metres northwest of BAN24-18 which intersected
1.61% nickel over 12.0 metres including3.95% nickel over 4.0 metres - Follow-up drillhole BAN24-21 is in progress with BHEM survey scheduled
CEO Mark Selby said, "We are very pleased that this second hole at
Bannockburn Property
The
Bannockburn F-Zone
Results from assays for high grade nickel mineralization identified in drillhole BAN24-20 highlight up to
The Company completed a new BHEM survey in BAN24-20 to test the continuation and extent of the high-grade horizons intersected in holes BAN24-18 and BAN24-20. The two intersections appear to be from two separate lenses. Massive sulphides at BAN24-18 appear within a volcanic package, whilst sulphides at BAN24-20 are at the upper contact of a thick sequence of mineralized ultramafic rocks. The Company is currently following up drilling the target with hole BAN24-21.
Table 1: Selected Assays BAN24-20
Hole ID | From (m) | To (m) | Length (m)* | Ni % | Cu % | Co % | Pd g/t | Pt g/t | S (%) |
BAN24-20 | 470.3 | 486.0 | 15.7 | 0.80 | 0.08 | 0.03 | 0.207 | 0.084 | 4.58 |
including | 470.3 | 480.4 | 10.1 | 1.11 | 0.13 | 0.04 | 0.318 | 0.126 | 6.99 |
including | 476.0 | 480.4 | 4.4 | 1.32 | 0.17 | 0.05 | 0.394 | 0.157 | 7.78 |
*Drillhole length. True width not calculated |
a) Volcanics to peridotite contact, with Net-texture sulphides (Po (Pyrrhotite)>Pn (Pentlandite) and continuing into disseminated sulphides
Table 2: Drillhole Orientation
Hole ID | Easting (mE) | Northing (mN) | Azimuth (鈦�) | Dip (鈦�) | Length (m) |
F-Zone | |||||
BAN24-20 | 507326 | 5311585 | 34 | -60 | 552 |
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 鈥� Standards of Disclosure for Mineral Projects, 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 鈥� Standards of Disclosure for Mineral Projects, 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.
About Canada聽Nickel聽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 Nickel鈩�, NetZero Cobalt鈩�, NetZero Iron鈩�聽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
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com 听听
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation.聽 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, and the completion of assays, follow-up geophysics and further drilling.聽 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.聽 Factors that could affect the outcome include, among聽 others:聽 future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise聽 the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities聽 (known聽 and聽 unknown), general business, economic, competitive, political and social uncertainties, results of聽 exploration programs, risks of the mining industry, delays in obtaining governmental approvals, and failure to obtain聽 regulatory 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.聽 Accordingly, readers should not place undue reliance on forward-looking information.聽 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.聽 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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FAQ
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