Highlights
- Acquisition of 13 additional target properties consolidates
district scale potential.
- Combined target surface footprint of 37.7 square km – 40 times
larger than current Crawford Main Zone resource of 0.85 square
km.
- Ten target properties have larger footprint than Crawford and
nine confirmed to contain the same host mineralization as
Crawford.
- Sothman target property has historical higher grade, shallow
resource of approximately 190,000 tons of 1.24% nickel (with 300
metres strike length)1; remaining 2.2 km of strike
length is largely untested.
- Four target areas have yielded drill intersections of > 0.3%
nickel including:
-
- Sothman: 2.31% nickel and 0.19% copper over true width of 3.2
metres within 1.58% nickel and 0.12% copper over true width of 8.6
metres from 41 metres;
- Deloro: 0.38% nickel and 0.22
g/t PGM over core length of 15.5 metres within 0.28% nickel and
0.09 g/t PGM over core length of 299 metres from 241 metres;
- Midlothian: 0.24% nickel over core length of 345 metres,
including 0.30% nickel over 42 metres;
- Mann Southeast: multiple 3 metre intervals grading 0.31-0.33%
nickel within 111 metres of dunite across entire core length
TORONTO, Nov. 22, 2021 /CNW/ - Canada Nickel
Company Inc. ("Canada Nickel" or the "Company")
(TSXV: CNC) (OTCQX: CNIKF) today announced that the Company has
concluded 18 separate transactions resulting in the outright
acquisition or earn-in to 13 additional target properties within a
radius of 95 km of the Company's flagship Crawford Nickel-Sulfide
Project, consolidating Canada Nickel's position in the Timmins area. Each of the additional
properties contains one or more ultramafic targets based on
combinations of historical geophysical work and drilling over the
past 65 years. See transaction summary at the end of the release
for a summary of the acquisition terms.
"The acquisition of these highly prospective target
properties represents a transformational milestone for Canada
Nickel, on par with the initial discovery of our flagship property,
Crawford. The consolidation of these properties underscores our
strong belief in the district-scale potential of the Timmins region and in our journey to become a
leader of the Next Generation of Nickel Supply – large, scalable,
low carbon nickel supply," said Mark
Selby, Chair & CEO of Canada Nickel. "These properties
have combined target structures 40 times the scale of the structure
which hosts our current Crawford Main Zone resource (contained
nickel of 1.56 million tonnes M&I + 0.76 million tonnes
inferred2), and like Crawford, all these target
structures are near excellent infrastructure. Each target has had
some amount of historical work, and in some cases, much more than
Crawford did initially, confirming these targets contain the same
serpentinized dunite and/or peridotite that hosts Crawford
mineralization and, as our last release reported, has the potential
to permanently sequester CO2."
______________________
|
1 See
Statement Regarding Historical Resource Estimates on page 27 of
this press release.
|
2 See
Preliminary Economic Assessment, titled "Crawford Nickel-Sulphide
Project National Instrument 43-101 Technical Report and Preliminary
Economic Assessment", with an effective date of May 21,
2021
|
Figure A – The Timmins Nickel District
The Company will host a conference call and webcast today,
Monday, November 22, 2021, at
10:00 a.m. EDT, to discuss the
property acquisitions and answer questions related to the
advancement of the Timmins Nickel District (see details at the end
of this announcement).
Sothman
Sothman is a property of approximately 1,000 ha located 70 km
south of Timmins. The project was acquired from Glencore.
The Sothman Property contains an ultramafic sill comprised
mainly of dunite (see Figure 2) that is estimated to be up to
200-300 metres thick, 2.2 km long and open at depth. An
unclassified historical resource estimate reported as 189,753 tons
grading 1.24% nickel (the Sothman West Zone)3 is centred
500 metres west of the sill (the 2.2 km dunite sill is largely
untested).
The Sothman West Zone occurs at the north ultramafic contact
within a footwall embayment approximately 300 metres wide and open
at depth. The best historical intersection was hole DG50-S04 with
1.58% nickel over 12.2 metres (8.6 metres estimated true width)
from 41.2 metres downhole including 4.6 metres (3.2 metres
estimated true width) of 2.31% nickel and 0.19% copper. A sample of
historical drill results is shown in Table 1a and 1b. Two drillholes intersected a deeper pod of
similar sulphide mineralization (3.4 metres of 1.32% nickel from
398 metres in SM71-1 and 5.5 metres of 0.49% nickel from 353.2
metres in SM71-2) outside of the resource during the last drill
program in 1971.
The Sothman Main Zone has seen very limited exploration but is
known to contain dunite and peridotite and is similar in size to
the East Zone at Crawford. For example, drillhole SM67-B25,
SM67-B26 and SM67-B27 all intersected peridotite below overburden
intersecting 54.56 metres of peridotite from 36.6 metres, 112.47
metres of peridotite from 7.6 metres, and 109.43 metres of
peridotite from 12.19 metres respectively. All three holes ended in
peridotite. Drillhole SM67-B28 was collared in peridotite
(intersecting 46.02 metres of ultramafics from 15.24 metres) and
crossed the south contact into volcanics at 61.26 metres,
completing the only geologic section across the Sothman Main
Zone.
Drillhole DG53-S41A is the only hole drilled in the eastern area
of the Sothman Main Zone and intersected 60.1 metres of peridotite
from 23.8 metres downhole, ending in peridotite. The south contact
of the Sothman Main Zone has been intersected in three drillholes
(DG51-S09, DG51-S12 and SM67-B28) with all holes starting in
peridotite and ending in volcanics.
Table 1a – Historical Drilling – Sothman West Zone –
Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Estimated True
Width (m)
|
Ni
%
|
Cu
%
|
SM56-K11
|
93.2
|
102.4
|
9.2
|
4.6
|
1.58
|
0.17
|
including
|
93.2
|
97.5
|
4.3
|
2.2
|
2.58
|
0.34
|
SM67-B06
|
28.7
|
40.5
|
11.8
|
8.4
|
1.57
|
0.11
|
including
|
28.7
|
33.8
|
5.1
|
3.6
|
2.28
|
0.16
|
DG50-S04
|
41.2
|
53.3
|
12.2
|
8.6
|
1.58
|
0.12
|
including
|
41.2
|
45.7
|
4.6
|
3.2
|
2.31
|
0.19
|
DG51-S20
|
89.9
|
95.8
|
5.9
|
4.0
|
1.56
|
0.13
|
DG50-S05
|
19.8
|
21.0
|
1.2
|
0.9
|
7.51
|
0.62
|
SM71-1
|
398.1
|
409.0
|
11.0
|
4.1
|
0.66
|
0.04
|
___________________________
|
3 See
Statement Regarding Historical Resource Estimates on page 27 of
this press release.
|
Table 1a – Historical Drilling – Sothman West Zone –
Significant Intersections (continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Estimated True
Width (m)
|
Ni
%
|
Cu
%
|
including
|
398.1
|
401.4
|
3.4
|
1.2
|
1.32
|
0.05
|
SM71-2
|
353.3
|
358.8
|
5.5
|
2.5
|
0.49
|
0.03
|
Table 1b – Historical Drilling
– Sothman Property – Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)*
|
Rock
Type
|
DG-50-S04
|
32.4
|
107.9
|
Ultramafics -
Peridotite
|
DG-50-S05
|
22.9
|
82.0
|
Ultramafics -
Peridotite
|
DG-51-S09
|
7.3
|
217.0
|
Ultramafics -
Peridotite
|
DG-51-S12
|
7.0
|
111.4
|
Ultramafics -
Peridotite
|
DG-51-S12
|
111.4
|
114.1
|
Ultramafics -
Gabbro
|
DG-51-S12
|
114.1
|
118.3
|
Ultramafics -
Peridotite
|
DG-51-S12
|
118.3
|
142.8
|
Ultramafics -
Gabbro
|
DG-51-S20
|
19.8
|
96.9
|
Ultramafics -
Peridotite
|
DG-53-S41A
|
23.8
|
83.8
|
Ultramafics -
Peridotite
|
SM-56-K11
|
85.7
|
148.4
|
Ultramafics -
Peridotite
|
SM-67-B06
|
25.5
|
101.8
|
Ultramafics -
Peridotite
|
SM-67-B25
|
36.6
|
91.1
|
Ultramafics -
Peridotite
|
SM-67-B26
|
7.6
|
120.1
|
Ultramafics -
Peridotite
|
SM-67-B27
|
12.2
|
121.6
|
Ultramafics -
Peridotite
|
SM-67-B28
|
15.2
|
47.7
|
Ultramafics -
Peridotite
|
SM-71-01
|
394.0
|
426.7
|
Ultramafics -
Peridotite
|
SM-71-02
|
351.1
|
366.7
|
Ultramafics -
Peridotite
|
* Denotes ended in
mineralization
|
Figure 1 – Sothman Property – Historical Drillholes Over
Total Magnetic Intensity ("TMI").
Deloro
Deloro is a property of
approximately 1,800 ha located 10 km southeast of Timmins. It contains an ultramafic unit 1.4 km
in length and up to 450 metres wide, striking south-southeast
identified by the high magnetic intensity anomaly and historical
drilling (see Figure 2). Six holes (FY-02-02, FY-02-06, FY-02-10,
FY-02-11, FY-02-12, FY-02-13) were drilled inside and on the edge
of the anomaly. Five of six holes intersected serpentinized
dunite/peridotite with a core length of 24.2 metres in hole
FY-02-10 up to 138.4 metres in hole FY-02-13, with four of five
holes ending in serpentinized dunite/peridotite.
All five holes noted presence of magnetite (up to 20-25%
magnetite in interval 39.4-89.5 metres from hole FY-02-02) and
disseminated sulphides. Only specific non-consecutive intervals
were assayed. Two of the four holes had nickel mineralization
exceeding 0.40% nickel: FY02-02 with 0.42% nickel over a core
length of 4.2 metres, with up to 0.73 g/t Pd and 0.23 g/t Pt over
1.2 metres, and FY-02-10 with 0.48% nickel, 0.28 g/t Pd, and 0.14
g/t Pt over 2.8 metres. See Table 2a and 2b below.
Figure 2 – Deloro Property – Historical Drillholes Over
TMI
Table 2a – Historical Drilling – Deloro Property –
Significant Intersections*
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ni
%
|
Cu
%
|
Pd
g/t
|
Pt
g/t
|
FY-02-02
|
241.0
|
314.5
|
73.5
|
0.28
|
0.03
|
0.06
|
0.03
|
Including
|
299.0
|
314.5
|
15.5
|
0.38
|
0.06
|
0.15
|
0.07
|
FY-02-02
|
324.2
|
345.0
|
20.8
|
0.24
|
0.03
|
0.03
|
0.01
|
including
|
342.8
|
343.1
|
0.4
|
0.74
|
0.23
|
0.16
|
0.17
|
FY-02-10
|
54.7
|
59.7
|
5.0
|
0.27
|
0.03
|
0.01
|
0.00
|
FY-02-10
|
95.8
|
98.6
|
2.8
|
0.48
|
0.03
|
0.28
|
0.14
|
FY-02-13
|
122.8
|
152.9
|
30.1
|
0.25
|
0.01
|
0.02
|
0.01
|
FY-02-13
|
177.5
|
200.5
|
23.0
|
0.24
|
<0.01
|
0.00
|
0.00
|
FY-02-13
|
298.0
|
318.0
|
20.0
|
0.26
|
<0.01
|
0.00
|
0.00
|
* Insufficient
drilling completed to determine dip and true width of
orebody
|
Table 2b – Historical Drilling
– Deloro Property – Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
FY-02-01
|
4.0
|
11.0
|
7.0
|
Peridotite
|
FY-02-01
|
11.0
|
14.1
|
3.1
|
Serpentinite
|
FY-02-01
|
14.8
|
18.2
|
3.4
|
Serpentinite
|
FY-02-01
|
18.2
|
29.9
|
11.7
|
Peridotite
|
FY-02-01
|
29.9
|
31.3
|
1.4
|
Peridotite
|
FY-02-01
|
31.3
|
34.8
|
3.5
|
Peridotite
|
FY-02-01
|
36.5
|
98.5
|
62.0
|
Peridotite
|
FY-02-01
|
98.5
|
102.0
|
3.5
|
Serpentinite
|
FY-02-02
|
5.8
|
21.3
|
15.5
|
Peridotite/Dunite
|
FY-02-02
|
23.1
|
33.7
|
10.6
|
Peridotite/Dunite
|
FY-02-02
|
33.7
|
34.7
|
1.0
|
Serpentinite
|
FY-02-02
|
39.4
|
89.5
|
50.1
|
Peridotite/Dunite
|
FY-02-02
|
89.5
|
90.4
|
0.8
|
Pyroxenite
|
FY-02-02
|
92.1
|
117.1
|
25.0
|
Peridotite/Dunite
|
FY-02-02
|
117.1
|
120.7
|
3.6
|
Serpentinite
|
FY-02-02
|
132.5
|
134.4
|
1.9
|
Peridotite
|
FY-02-02
|
135.4
|
136.8
|
1.4
|
Pyroxenite
|
FY-02-02
|
137.1
|
138.6
|
1.5
|
Serpentinite
|
FY-02-02
|
138.6
|
149.8
|
11.2
|
Peridotite/Dunite
|
FY-02-02
|
151.7
|
206.1
|
54.4
|
Peridotite/Dunite
|
FY-02-02
|
210.6
|
217.9
|
7.2
|
Serpentinite
|
FY-02-02
|
219.3
|
314.7
|
95.4
|
Peridotite
|
FY-02-02
|
316.7
|
319.0
|
2.3
|
Pyroxenite
|
FY-02-02
|
319.0
|
319.7
|
0.7
|
Peridotite
|
FY-02-02
|
319.7
|
321.2
|
1.5
|
Peridotite/Dunite
|
FY-02-02
|
321.2
|
324.2
|
3.0
|
Peridotite
|
FY-02-02
|
324.2
|
324.8
|
0.6
|
Peridotite
|
FY-02-02
|
324.8
|
325.8
|
1.0
|
Peridotite
|
FY-02-02
|
325.8
|
332.2
|
6.4
|
Peridotite
|
FY-02-02
|
332.2
|
333.5
|
1.3
|
Serpentinite
|
FY-02-02
|
333.5
|
339.7
|
6.2
|
Peridotite
|
FY-02-02
|
339.7
|
365.7
|
26.0
|
Serpentinite
|
FY-02-02
|
373.5
|
381.1
|
7.7
|
Serpentinite
|
FY-02-06
|
25.0
|
110.3
|
85.3
|
Serpentinite
|
FY-02-06
|
110.9
|
208.9
|
98.0
|
Serpentinite
|
Table 2b – Historical Drilling
– Deloro Property – Selected Lithologies (continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
FY-02-06
|
211.2
|
301.0
|
89.8
|
Serpentinite
|
FY-02-10
|
31.7
|
50.0
|
18.3
|
Pyroxenite
|
FY-02-10
|
54.7
|
59.7
|
5.0
|
Pyroxenite
|
FY-02-10
|
69.9
|
73.8
|
3.8
|
Peridotite
|
FY-02-10
|
75.5
|
97.6
|
22.1
|
Pyroxenite/Peridotite
|
FY-02-10
|
97.6
|
113.5
|
15.9
|
Peridotite/Dunite
|
FY-02-10
|
113.5
|
121.9
|
8.4
|
Peridotite
|
FY-02-10
|
121.9
|
123.5
|
1.7
|
Serpentinite
|
FY-02-10
|
123.9
|
124.6
|
0.7
|
Serpentinite
|
FY-02-10
|
124.8
|
130.7
|
5.9
|
Peridotite
|
FY-02-10
|
130.7
|
135.0
|
4.3
|
Peridotite
|
FY-02-12
|
52.4
|
58.6
|
6.2
|
Pyroxenite
|
FY-02-12
|
58.6
|
64.7
|
6.1
|
Serpentinite
|
FY-02-12
|
75.3
|
79.1
|
3.8
|
Serpentinite
|
FY-02-12
|
80.0
|
80.3
|
0.3
|
Serpentinite
|
FY-02-12
|
80.3
|
82.3
|
2.0
|
Serpentinite
|
FY-02-12
|
85.6
|
86.2
|
0.6
|
Serpentinite
|
FY-02-12
|
86.2
|
97.3
|
11.1
|
Peridotite
|
FY-02-12
|
97.3
|
113.5
|
16.2
|
Pyroxenite
|
FY-02-12
|
113.5
|
118.2
|
4.7
|
Peridotite
|
FY-02-12
|
119.4
|
122.0
|
2.5
|
Peridotite
|
FY-02-12
|
122.0
|
133.3
|
11.3
|
Peridotite/Dunite
|
FY-02-12
|
133.3
|
146.4
|
13.2
|
Dunite
|
FY-02-12
|
146.6
|
272.0
|
125.4
|
Dunite
|
FY-02-13
|
114.3
|
156.0
|
41.6
|
Peridotite
|
FY-02-13
|
166.1
|
168.1
|
2.0
|
Peridotite
|
FY-02-13
|
168.1
|
171.9
|
3.8
|
Peridotite
|
FY-02-13
|
171.9
|
177.5
|
5.6
|
Dunite
|
FY-02-13
|
177.5
|
179.6
|
2.1
|
Peridotite
|
FY-02-13
|
179.6
|
318.0
|
138.4
|
Dunite
|
Mann
Mann is located 25 km east of Crawford and totals 7,800 ha. The
ultramafic is estimated to be a combined 21 km in length with
variable thickness and having at least three main dunitic cores
like that at Crawford (Mann Central, Mann Northwest, and Mann
Southeast). The Company has acquired the right to earn an 80%
interest in the Mann Property from Noble by an initial payment of
$100,000 in cash and 150,000 shares
and paying a further $100,000 per
year over the four-year Option Period (for a total cash payment of
$400,000) and issuing a further
250,000 common shares, and incurring total exploration expenditures
of $1.7 million, over the Option
Period. Noble will retain a 2.00% Net Smelter Return ("NSR") with a
1.00% buy-back to Canada Nickel for $1.0
million plus 50% of the buy-back provisions that total
$4.5 million ($2.25 million to CNC).
Mann Central
The Mann Central Property area covers a single 4 km long by up
to 1 km wide ultramafic intrusion (see Figure 3) that is evident in
TMI geophysical surveys. Historical drilling has already delineated
ultramafic mineralization over a strike length of 2,700 metres and
690 metres wide. Only one historical hole had assays – Falconbridge
Ltd. intersected 79 metres (MAN43-03) of ultramafic which was
intermittently sampled - with the highest reported assay of 0.29%
nickel over ~1 metre (See Table 3a below). Historical
drilling began in 1951 with seven of eight holes intersecting
serpentinized peridotite containing magnetite. The longest
intersection occurred in hole M-1, with 212 metres of well
serpentinized peridotite along its entire core length. A 1976
drilling campaign reported wide intercepts of serpentinized
ultramafic intrusive with visible sulphides and pervasive
magnetite. Hole MA5-2-76 was the longest at 114 metres of
serpentinized ultramafics along its entire core length (see Table
3a below).
Table 3a – Historical Drilling – Mann Central Property –
Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
INCO-1
|
5.2
|
162.5
|
157.3
|
Peridotite
|
M-1
|
1.5
|
213.7
|
212.1
|
Peridotite
|
M-2
|
7.3
|
214.9
|
207.6
|
Peridotite
|
M-3
|
7.6
|
14.9
|
7.3
|
Peridotite
|
M-3
|
18.0
|
96.3
|
78.3
|
Peridotite
|
M-3
|
96.3
|
141.7
|
45.4
|
Pyroxenite
|
M-3
|
141.7
|
155.1
|
13.4
|
Peridotite
|
M-3
|
165.8
|
172.8
|
7.0
|
Pyroxenite
|
M-4
|
11.3
|
50.0
|
38.7
|
Dunite
|
M-4
|
50.0
|
54.6
|
4.6
|
Pyroxenite
|
M-4
|
54.6
|
88.4
|
33.8
|
Dunite
|
M-4
|
88.4
|
191.4
|
103.0
|
Peridotite
|
M-4
|
191.4
|
196.0
|
4.6
|
Pyroxenite
|
M-5
|
10.1
|
41.1
|
31.1
|
Pyroxenite
|
M-5
|
41.1
|
153.3
|
112.2
|
Peridotite
|
M-5
|
161.5
|
172.5
|
11.0
|
Pyroxenite
|
M-6
|
7.9
|
114.9
|
107.0
|
Peridotite
|
M-6
|
123.1
|
128.0
|
4.9
|
Pyroxenite
|
M-7
|
11.3
|
107.3
|
96.0
|
Peridotite
|
M-7
|
113.4
|
127.1
|
13.7
|
Peridotite
|
M-7
|
129.2
|
172.8
|
43.6
|
Peridotite
|
1A
|
0.9
|
7.0
|
6.1
|
Peridotite
|
1A
|
51.5
|
54.6
|
3.1
|
Peridotite
|
2A
|
2.4
|
8.7
|
6.3
|
Peridotite
|
2A
|
22.0
|
52.1
|
30.2
|
Peridotite
|
2A
|
83.8
|
111.3
|
27.4
|
Peridotite
|
3A
|
1.2
|
57.3
|
56.1
|
Peridotite
|
Table 3a – Historical Drilling – Mann Central Property –
Selected Lithologies (continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
3A
|
61.3
|
80.5
|
19.2
|
Peridotite
|
4A
|
0.6
|
10.4
|
9.8
|
Peridotite
|
4A
|
11.0
|
37.5
|
26.5
|
Peridotite
|
MA4-2-76
|
84.4
|
90.8
|
6.5
|
Gabbro
|
MA4-2-76
|
90.8
|
121.9
|
31.1
|
Pyroxenite
|
MA4-2-76
|
121.9
|
123.1
|
1.2
|
Peridotite
|
MA5-1-76
|
102.4
|
108.8
|
6.4
|
Gabbro
|
MA5-1-76
|
108.8
|
138.1
|
29.3
|
Peridotite
|
MA5-2-76
|
8.7
|
123.1
|
114.4
|
Ultramafic
|
MN87-3
|
32.3
|
200.0
|
167.7
|
Ultramafic
|
MAN43-01
|
9.0
|
188.0
|
179.0
|
Ultramafic
|
MAN43-03
|
78.6
|
158.0
|
79.4
|
Ultramafic
|
Table 3b – Historical Drilling
– Mann Central Property – Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ni
%
|
MAN43-03
|
89.1
|
90.3
|
1.2
|
0.29
|
MAN43-03
|
95.1
|
95.5
|
0.4
|
0.15
|
MAN43-03
|
107.2
|
107.6
|
0.4
|
0.16
|
MAN43-03
|
116.0
|
116.5
|
0.5
|
0.19
|
MAN43-03
|
122.0
|
122.4
|
0.4
|
0.21
|
MAN43-03
|
131.0
|
131.6
|
0.6
|
0.23
|
MAN43-03
|
142.7
|
143.0
|
0.3
|
0.21
|
MAN43-03
|
149.0
|
149.5
|
0.5
|
0.22
|
Figure 3 – Mann Central Property – Historical Drillholes Over
TMI.
Mann Northwest
The Mann Northwest Property covers an ultramafic intrusion
having dimensions of 3.5 km long by 600-800 metres wide (see Figure
4). The intrusion is described as mostly peridotite, commonly
serpentinized, with overlying leuco-gabbro and pyroxenite.
First Point Minerals Corp. conducted a three-hole drill program
(468 metres) in 2002 targeting PGMs in pyroxenites that overlie the
ultramafic units. While the first hole (FHR-01-01) targeted the
contact between the volcanics and the ultramafic rocks, the second
hole (FHR02-02) intersected serpentinized peridotite containing
magnetite and some sulphide stringers in fractures. Nickel assays
were taken at selected intervals and ranged from a low of 0.10%
nickel to a high of 0.31% nickel with average values >0.20%
nickel (see table 4a).
Drilling conducted by Tres-Or Resources Ltd., did not report
nickel assays but did intersect wide sections of serpentinized
peridotite with magnetite and/or sulphide minerals (e.g., MAN-87-1)
as observed in 22 drill holes (see Table 4b), as well as elevated PGM values (e.g.,
0.57-0.59 g/t PGM) from several channel samples. Geological
descriptions and geochemistry from these programs resemble what is
observed at Canada Nickel's Crawford property.
Table 4a – Historical Drilling – Mann Northwest Property –
Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ni
%
|
S %
|
Cr
%
|
Co
%
|
Pd
(g/t)
|
Pt
(g/t)
|
FHR01-02
|
25.3
|
29.0
|
3.7
|
0.22
|
0.06
|
0.20
|
0.01
|
0.001
|
-
|
FHR01-02
|
73.0
|
76.0
|
3.0
|
0.21
|
0.07
|
0.11
|
0.01
|
-
|
-
|
FHR01-02
|
86.0
|
89.0
|
3.0
|
0.23
|
0.06
|
0.08
|
0.01
|
0.002
|
-
|
FHR01-02
|
89.0
|
92.3
|
3.3
|
0.24
|
0.05
|
0.07
|
0.01
|
0.002
|
-
|
FHR01-02
|
92.6
|
95.0
|
2.4
|
0.23
|
0.05
|
0.06
|
0.01
|
0.003
|
-
|
FHR01-02
|
98.0
|
101.0
|
3.0
|
0.24
|
0.05
|
0.06
|
0.01
|
0.002
|
0.007
|
FHR01-02
|
101.0
|
104.0
|
3.0
|
0.23
|
0.05
|
0.08
|
0.01
|
0.001
|
-
|
FHR01-02
|
131.0
|
134.0
|
3.0
|
0.25
|
0.04
|
0.08
|
0.01
|
0.002
|
0.007
|
FHR02-02
|
33.5
|
35.0
|
1.5
|
0.22
|
0.07
|
0.23
|
0.01
|
0.063
|
0.048
|
FHR02-02
|
75.4
|
76.4
|
1.0
|
0.21
|
0.10
|
0.14
|
0.01
|
0.003
|
-
|
FHR02-02
|
113.0
|
114.3
|
1.3
|
0.31
|
0.17
|
0.10
|
0.02
|
0.021
|
0.013
|
FHR02-02
|
117.0
|
118.6
|
1.6
|
0.21
|
0.09
|
0.08
|
0.01
|
0.002
|
-
|
FHR02-02
|
121.7
|
122.3
|
0.6
|
0.29
|
0.12
|
0.15
|
0.01
|
0.038
|
0.017
|
FHR02-02
|
134.7
|
135.4
|
0.7
|
0.28
|
0.19
|
0.19
|
0.01
|
0.044
|
0.021
|
FHR02-02
|
158.0
|
161.0
|
3.0
|
0.27
|
0.14
|
0.07
|
0.01
|
0.031
|
0.009
|
FHR03-02
|
27.5
|
32.0
|
4.5
|
0.17
|
0.10
|
0.08
|
0.01
|
0.004
|
0.014
|
FHR03-02
|
133.0
|
137.0
|
4.0
|
0.15
|
0.18
|
0.18
|
0.01
|
0.005
|
-
|
Table 4b – Historical
Drilling – Mann Northwest Property – Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
FHR01-02
|
25.3
|
63.5
|
38.2
|
Peridotite
|
FHR01-02
|
63.5
|
87.5
|
24.0
|
Peridotite
|
FHR01-02
|
87.5
|
92.3
|
4.8
|
Peridotite
|
FHR01-02
|
92.6
|
111.8
|
19.2
|
Peridotite
|
Table 4b – Historical
Drilling – Mann Northwest Property – Selected Lithologies
(continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
FHR01-02
|
116.9
|
119.1
|
2.2
|
Peridotite
|
FHR01-02
|
119.1
|
137.0
|
17.9
|
Peridotite
|
FHR02-02
|
7.0
|
33.5
|
26.5
|
Peridotite
|
FHR02-02
|
33.7
|
43.5
|
9.8
|
Peridotite
|
FHR02-02
|
43.5
|
150.0
|
106.5
|
Peridotite
|
FHR02-02
|
150.8
|
161.0
|
10.2
|
Peridotite
|
FHR03-02
|
15.0
|
123.8
|
108.8
|
Peridotite
|
MAN-73-6
|
12.2
|
112.3
|
100.1
|
Peridotite
|
MAN-73-6
|
115.5
|
119.9
|
4.4
|
Peridotite
|
MAN-73-6
|
119.9
|
128.0
|
8.1
|
Pyroxenite
|
MAN-73-6
|
152.1
|
167.6
|
15.5
|
Peridotite
|
MAN-00-01
|
5.2
|
100.3
|
95.1
|
Peridotite
|
MAN-00-01
|
100.3
|
104.0
|
3.8
|
Gabbro
|
MAN-00-01
|
104.0
|
106.5
|
2.4
|
Peridotite
|
MAN-00-01
|
106.5
|
128.8
|
22.3
|
Gabbro
|
MAN-00-01
|
128.8
|
200.3
|
71.5
|
Peridotite
|
MAN-01
|
5.2
|
100.3
|
95.1
|
Peridotite
|
MAN-01
|
100.3
|
104.0
|
3.8
|
Gabbro
|
MAN-01
|
104.0
|
106.5
|
2.4
|
Peridotite
|
MAN-01
|
106.5
|
128.8
|
22.3
|
Gabbro
|
MAN-01
|
128.8
|
200.3
|
71.5
|
Peridotite
|
M-01-1
|
-
|
192.0
|
192.0
|
Peridotite
|
M-01-2
|
-
|
212.3
|
212.3
|
Gabbro
|
M-01-2
|
212.3
|
237.1
|
24.8
|
Carbonatized
Zone
|
M-01-2
|
237.1
|
251.0
|
13.9
|
Peridotite
|
M-01-3
|
-
|
150.0
|
150.0
|
Peridotite
|
M-01-4
|
-
|
102.0
|
102.0
|
Peridotite
|
M-01-5
|
-
|
40.2
|
40.2
|
Peridotite
|
M-01-5
|
40.2
|
59.8
|
19.6
|
Gabbro
|
M-01-5
|
59.8
|
73.6
|
13.8
|
Pyroxenite
|
M-01-5
|
73.6
|
116.9
|
43.3
|
Gabbro
|
M-01-5
|
116.9
|
150.0
|
33.1
|
Peridotite
|
M-01-6
|
-
|
51.6
|
51.6
|
Peridotite
|
M-01-6
|
51.6
|
70.2
|
18.6
|
Gabbro
|
M-01-6
|
70.2
|
81.5
|
11.3
|
Pyroxenite
|
M-01-6
|
81.5
|
107.9
|
26.4
|
Gabbro
|
M-01-6
|
107.9
|
147.5
|
39.6
|
Peridotite
|
Table 4b – Historical
Drilling – Mann Northwest Property – Selected Lithologies
(continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
M-01-6
|
147.5
|
156.0
|
8.5
|
Gabbro
|
MAN-87-1
|
-
|
9.7
|
9.7
|
Gabbro
|
MAN-87-1
|
9.7
|
41.2
|
31.4
|
Peridotite
|
MAN-87-2
|
-
|
11.6
|
11.6
|
Gabbro
|
MAN-87-2
|
11.6
|
35.4
|
23.8
|
Peridotite
|
MAN-88-1
|
-
|
61.6
|
61.7
|
Peridotite
|
MAN-88-1
|
61.6
|
64.0
|
2.4
|
Gabbro
|
MAN-88-2
|
-
|
61.0
|
61.0
|
Peridotite
|
MAN-88-3
|
-
|
60.7
|
60.7
|
Peridotite
|
MAN-91-1
|
1.8
|
79.6
|
77.7
|
Gabbro
|
MAN-91-1
|
79.6
|
138.9
|
59.4
|
Peridotite
|
MAN-91-1
|
138.9
|
155.5
|
16.6
|
Gabbro
|
MAN-91-1
|
155.5
|
166.2
|
10.7
|
Gabbro
|
MAN-91-1
|
166.2
|
181.9
|
15.7
|
Pyroxenite
|
MAN-91-1
|
181.9
|
246.0
|
64.1
|
Peridotite
|
MAN-96-1
|
1.5
|
42.1
|
40.5
|
Gabbro
|
MAN-96-1
|
42.1
|
107.3
|
65.2
|
Peridotite
|
MAN-96-1
|
107.3
|
115.2
|
7.9
|
Pyroxenite
|
MAN-96-1
|
115.2
|
227.1
|
111.9
|
Peridotite
|
MAN-96-1
|
227.1
|
248.7
|
21.6
|
Pyroxenite
|
MAN-96-1
|
248.7
|
279.8
|
31.2
|
Peridotite
|
MAN52-02
|
96.6
|
179.0
|
82.4
|
Ultramafic
|
MAN07-01
|
6.4
|
37.8
|
31.4
|
Peridotite
|
MAN07-01
|
37.8
|
47.7
|
9.9
|
Gabbro
|
MAN07-01
|
47.7
|
53.5
|
5.8
|
Pyroxenite
|
MAN07-01
|
53.5
|
76.7
|
23.2
|
Gabbro
|
MAN07-01
|
76.7
|
102.0
|
25.3
|
Peridotite
|
MAN07-02
|
14.2
|
30.0
|
15.8
|
Pyroxenite
|
MAN07-02
|
30.0
|
110.0
|
80.1
|
Gabbro
|
MAN07-02
|
110.0
|
129.0
|
19.0
|
Peridotite
|
MAN07-03
|
40.5
|
41.9
|
1.4
|
Gabbro
|
MAN07-03
|
41.9
|
61.7
|
19.8
|
Peridotite
|
MAN07-03
|
61.7
|
82.0
|
20.3
|
Pyroxenite
|
MAN07-03
|
82.0
|
107.3
|
25.3
|
Peridotite
|
MAN07-04
|
9.0
|
21.5
|
12.5
|
Peridotite
|
MAN07-04
|
21.5
|
22.3
|
0.8
|
Pyroxenite
|
MAN07-04
|
22.3
|
76.8
|
54.5
|
Gabbro
|
Table 4b – Historical
Drilling – Mann Northwest Property – Selected Lithologies
(continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
MAN07-04
|
76.8
|
141.0
|
64.2
|
Peridotite
|
MAN08-05
|
14.5
|
26.9
|
12.4
|
Pyroxenite
|
MAN08-05
|
26.9
|
60.0
|
33.1
|
Gabbro
|
MAN08-06
|
13.0
|
25.8
|
12.8
|
Peridotite
|
MAN08-06
|
25.8
|
38.3
|
12.5
|
Pyroxenite
|
MAN08-06
|
38.3
|
60.0
|
21.7
|
Gabbro
|
MAN08-07
|
16.0
|
33.9
|
17.9
|
Peridotite
|
MAN08-07
|
33.9
|
46.3
|
12.4
|
Pyroxenite
|
MAN08-07
|
46.3
|
54.0
|
7.7
|
Gabbro
|
MAN08-07
|
54.0
|
57.5
|
3.5
|
Pyroxenite
|
MAN08-07
|
57.5
|
75.0
|
17.5
|
Gabbro
|
Figure 4 – Mann Northwest Property – Historical Drillholes
Over TMI.
Mann Southeast
Mann Southeast is characterized by an arcuate-shaped ultramafic
intrusion located in southeast Mann township with approximate
dimensions of 6.2 km long and up to 800 metres wide (see Figure 5).
Eight widely spaced holes drilled into the anomaly outlined 5 km of
serpentinized dunite / peridotite across the anomaly (see Table 5c
below).
In 1996, Falconbridge Ltd. drilled 111 metres of strongly
serpentinized peridotite (MAN-35-01) with select assays grading:
0.31-0.33% nickel over 3 metre sampled intervals. See Table 5a.
A drill program conducted in 1973 around the southeast Mann
ultramafic intersected wide intervals of serpentinized peridotite
in five holes, with assays ranging up to 0.29% nickel (see Table
5b below). The southernmost and
largest section of ultramafic – 1.2 km by 800 metres – remains
untested with no historical drilling reported.
Table 5a – Historical Drilling – Mann Southeast Property –
Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Ni
%
|
MAN-35-01
|
47.0
|
50.0
|
0.33
|
MAN-35-01
|
71.0
|
74.0
|
0.32
|
MAN-35-01
|
101.0
|
104.0
|
0.31
|
Table 5b – Historical Drilling
– Mann Southeast Property – Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Ni
%
|
73-1
|
41.1
|
42.7
|
0.25
|
73-1
|
73.2
|
74.8
|
0.23
|
73-1
|
86.7
|
88.4
|
0.22
|
73-1
|
103.6
|
105.2
|
0.24
|
73-1
|
120.4
|
121.9
|
0.23
|
73-1
|
137.2
|
138.7
|
0.22
|
73-1
|
153.9
|
155.4
|
0.25
|
73-3
|
41.1
|
42.7
|
0.25
|
73-3
|
56.4
|
57.9
|
0.28
|
73-3
|
73.2
|
74.7
|
0.18
|
73-3
|
88.4
|
89.9
|
0.16
|
73-3
|
103.6
|
105.2
|
0.20
|
73-3
|
120.4
|
121.9
|
0.25
|
73-3
|
136.2
|
137.8
|
0.29
|
73-3
|
150.9
|
152.1
|
0.29
|
73-4
|
69.2
|
70.7
|
0.28
|
73-4
|
86.0
|
87.5
|
0.23
|
73-4
|
103.6
|
105.2
|
0.23
|
73-4
|
120.4
|
121.9
|
0.23
|
73-4
|
137.5
|
139.0
|
0.29
|
73-6
|
61.6
|
63.1
|
0.27
|
73-6
|
76.2
|
77.7
|
0.23
|
73-6
|
94.5
|
96.0
|
0.23
|
73-6
|
99.1
|
100.6
|
0.22
|
*Hole 73-2 had assays
all below 0.15%
|
Table 5c – Historical Drilling – Mann Southeast – Selected
Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
73-1
|
38.4
|
159.7
|
121.3
|
Peridotite
|
73-2
|
39.9
|
166.7
|
126.8
|
Peridotite
|
73-3
|
36.6
|
152.1
|
115.5
|
Peridotite
|
73-4
|
55.2
|
64.9
|
9.8
|
Peridotite
|
73-4
|
64.9
|
144.5
|
79.6
|
Peridotite
|
73-6
|
12.8
|
48.5
|
35.7
|
Peridotite
|
73-6
|
48.5
|
112.5
|
64.0
|
Peridotite
|
MAN-35-01
|
38.0
|
149.0
|
111.0
|
Dunite
|
MAN-45-01
|
99.0
|
155.0
|
56.0
|
Peridotite
|
MAN-45-01
|
195.0
|
245.0
|
50.0
|
Peridotite
|
MAN-45-02
|
95.0
|
211.0
|
116.0
|
Peridotite
|
Figure 5 – Mann Southeast Property – Historical Drillholes
Over TMI.
Reaume
Reaume is a property approximately 5,800 ha located 54 km
north-northeast of Timmins and
contains a large ultramafic intrusion having an approximate outline
of 3 km (east-west) by 1.8 km (north-south) as defined by its
magnetic footprint and historical drilling (see Figure 6). Inco
holes 28482 and 28483 returned peridotite/dunite mineralization
across the entire core length. Hole 28483 intersected from surface
approximately 264 metres of serpentinized peridotite/dunite
containing magnetite with some disseminated sulphides. Hole 28482
intersected 108 metres of serpentinized peridotite/dunite with up
to 20% magnetite and disseminated sulphides. Both drillholes ended
in peridotite/dunite.
Seven drillholes by Falconbridge (1995) intersected thick sections
of peridotite and dunite (up to 168 metres of dunite in Hole
REA-45-07). These historic holes delineated a peridotite/dunite
unit with an east-west extent of approximately 1,200 metres and a
north-south extent of 900 metres.
Four of the Falconbridge holes
ended in peridotite/dunite. Six of seven holes reported the
widespread presence of magnetite as well as disseminated sulphides.
No assays were reported; however, the TMI exceeds the peak levels
at Crawford Main Zone near the centre of the intrusion and is
strongly anomalous across the ultramafic.
Figure 6 – Reaume Property – Historical Drillholes Over
TMI.
Table 6 – Historical Drilling – Reaume Property –
Selected Lithologies
Hole
ID
|
From (m)
|
To (m)
|
Length (m)
|
Rock
Type
|
28483
|
37.0
|
89.0
|
52.0
|
Peridotite
|
28483
|
89.0
|
147.0
|
58.0
|
Peridotite
|
28483
|
147.0
|
301.0
|
154.0
|
Peridotite/Dunite
|
28482
|
140.0
|
158.0
|
18.0
|
Peridotite/Dunite
|
28482
|
158.0
|
248.0
|
90.0
|
Peridotite
|
REA-45-03
|
21.0
|
89.0
|
68.0
|
Peridotite
|
REA-45-03
|
89.0
|
117.0
|
28.0
|
Pyroxenite
|
REA-45-03
|
117.0
|
164.0
|
47.0
|
Peridotite
|
REA-45-03
|
164.0
|
198.0
|
34.0
|
Pyroxenite
|
REA-45-03
|
198.0
|
278.0
|
80.0
|
Peridotite
|
REA-45-03
|
294.0
|
335.0
|
41.0
|
Pyroxenite
|
REA-45-04
|
29.0
|
99.0
|
70.0
|
Dunite
|
Table 6 – Historical Drilling – Reaume Property –
Selected Lithologies (continued)
Hole
ID
|
From (m)
|
To (m)
|
Length (m)
|
Rock
Type
|
REA-45-04
|
101.1
|
156.5
|
55.4
|
Dunite
|
REA-45-04
|
160.3
|
198.5
|
38.3
|
Peridotite
|
REA-45-04
|
198.5
|
344.9
|
146.4
|
Dunite
|
REA-45-05
|
30.0
|
123.8
|
93.8
|
Dunite
|
REA-45-05
|
123.8
|
223.1
|
99.3
|
Peridotite
|
REA-45-05
|
238.6
|
244.4
|
5.8
|
Pyroxenite
|
REA-45-05
|
244.4
|
293.0
|
48.6
|
Peridotite
|
REA-45-05
|
293.0
|
300.6
|
7.6
|
Dunite
|
REA-45-05
|
300.6
|
308.0
|
7.4
|
Peridotite
|
REA-45-06
|
21.7
|
320.0
|
298.3
|
Peridotite
|
REA-45-07
|
45.2
|
131.1
|
85.9
|
Peridotite
|
REA-45-07
|
131.1
|
299.0
|
167.9
|
Dunite
|
REA-45-08
|
33.0
|
54.5
|
21.5
|
Dunite
|
REA-45-08
|
54.5
|
64.4
|
9.9
|
Pyroxenite
|
REA-46-01
|
15.0
|
28.4
|
13.4
|
Dunite
|
REA-46-01
|
28.4
|
136.8
|
108.4
|
Dunite
|
REA-46-01
|
136.8
|
259.5
|
122.7
|
Peridotite
|
REA-46-01
|
259.5
|
310.0
|
50.5
|
Pyroxenite
|
REA-46-01
|
310.0
|
337.9
|
27.9
|
Peridotite
|
REA-46-01
|
350.3
|
388.5
|
38.2
|
Pyroxenite
|
REA-46-01
|
388.5
|
419.4
|
30.9
|
Peridotite
|
Midlothian
Midlothian covers an area of 3,257 ha and is located 70 km
south-southeast of Timmins. The
ultramafic body is defined by a magnetic anomaly 2.7 km long and up
to 700 metres wide (see Figure 7 below).
A total of 30 holes were drilled over the last 50 years by
various operators with 23 holes intersecting serpentinized
peridotite/dunite and 17 ending while still in the
ultramafics. Six drillholes, each intersected over 100 metres
of continuous, uninterrupted dunite/ultramafic, with LM08-01
intersecting 263.8 metres to the end of hole. (See Table 7a).
Seven holes had nickel assays, with the best interval in hole
LM08-01 which yielded 0.24% nickel across core length of 345 metres
with the final 42 metres grading 0.30% nickel (See Table
7b). Nickel sampling was not
continuous down most drillholes.
The above drillholes outline serpentinized dunite/peridotite
over a strike distance of 3.1 km long by 670 metres wide.
Figure 7 – Midlothian Property – Historical drillholes over
TMI.
Table 7a – Historical Drilling – Midlothian Property –
Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
LM08-01
|
51.6
|
60.2
|
8.6
|
Peridotite/dunite
|
LM08-01
|
60.2
|
135.8
|
75.7
|
Serpentinite
|
LM08-01
|
136.4
|
400.2
|
263.8
|
Peridotite/dunite
|
LL1
|
7.0
|
165.8
|
158.8
|
Dunite
|
LL2
|
8.8
|
163.1
|
154.3
|
Dunite
|
LL3
|
9.8
|
160.0
|
150.3
|
Dunite
|
A-121
|
2.7
|
48.8
|
46.0
|
Dunite
|
A-126
|
7.6
|
37.2
|
29.6
|
Dunite
|
A-126
|
41.8
|
92.0
|
50.3
|
Dunite
|
A-126
|
92.7
|
152.7
|
60.1
|
Dunite
|
501
|
133.2
|
196.3
|
63.1
|
Dunite
|
506
|
206.0
|
301.8
|
95.7
|
Dunite
|
507
|
106.1
|
280.7
|
174.7
|
Dunite
|
A-131
|
0.9
|
13.1
|
12.2
|
Dunite
|
A-131
|
36.6
|
39.9
|
3.4
|
Dunite
|
A-131
|
102.7
|
106.7
|
4.0
|
Dunite
|
A-131
|
110.9
|
113.1
|
2.1
|
Dunite
|
503
|
3.7
|
20.4
|
16.8
|
Dunite
|
504
|
6.7
|
114.0
|
107.3
|
Dunite
|
Table 7a – Historical Drilling – Midlothian Property –
Selected Lithologies (continued)
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
MD-17-001
|
20.5
|
20.5
|
0.0
|
Serpentinite
|
MD-17-001
|
20.5
|
26.1
|
5.6
|
Serpentinite
|
MD-17-001
|
26.1
|
29.0
|
2.9
|
Dunite
|
MD-17-002
|
20.0
|
29.0
|
9.0
|
Serpentinite
|
MD-17-003
|
0.0
|
31.1
|
31.1
|
Serpentinite
|
MD-17-003
|
0.0
|
35.0
|
35.0
|
Dunite
|
MD-17-004
|
18.4
|
19.9
|
1.5
|
Dunite
|
MD-17-005
|
41.0
|
53.0
|
12.0
|
Dunite
|
MD-17-006
|
32.0
|
38.0
|
6.0
|
Dunite
|
MD-17-007
|
28.8
|
35.0
|
6.2
|
Serpentinite
|
MD-17-007
|
35.0
|
67.0
|
32.0
|
Dunite
|
MD-17-008
|
29.3
|
38.0
|
8.8
|
Serpentinite
|
514
|
45.9
|
52.1
|
6.2
|
Dunite
|
514
|
52.1
|
70.7
|
18.6
|
Dunite
|
514
|
70.7
|
92.7
|
21.9
|
Dunite
|
514
|
92.7
|
107.3
|
14.6
|
Dunite
|
514
|
117.7
|
149.4
|
31.7
|
Dunite
|
515
|
32.6
|
33.8
|
1.2
|
Dunite
|
515
|
33.8
|
78.3
|
44.5
|
Peridotite/dunite
|
515
|
78.3
|
86.3
|
7.9
|
Dunite
|
515
|
86.3
|
125.6
|
39.3
|
Peridotite/dunite
|
515
|
125.6
|
143.3
|
17.7
|
Dunite
|
516
|
48.5
|
84.7
|
36.3
|
Peridotite/dunite
|
516
|
92.0
|
105.2
|
13.1
|
Dunite
|
516
|
107.9
|
119.8
|
11.9
|
Peridotite/dunite
|
516
|
119.8
|
137.2
|
17.4
|
Dunite
|
Table 7b – Historical Drilling
– Midlothian Property – Significant Intersections
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Ni
%
|
LM08-01
|
52.0
|
397.0
|
345.0
|
0.24
|
including
|
352.0
|
397.0
|
45.0
|
0.30
|
Reid
The Reid Property is located 16 km southwest of Crawford and
covers an area of 3,800 ha. The property contains a series of
folded ultramafic bodies that measure 3.3 km north-south by 2.1 km
east-west based on the TMI. See Figure 8.
Only four holes were ever drilled inside or near the edge of the
ultramafic (from 1966 to 1972) by three different companies. All
four holes collared and ended in ultramafic rocks with the holes
ending at depths of 59.7-171.0 metres with intervals of ultramafics
ranging from 44.5-123.7 metres. While none of the holes were
assayed, all four holes intersected peridotite with up to 5-10%
disseminated magnetite noted in each hole (see Table 8 below).
Table 8 – Historical Drilling – Reid Property – Selected
Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Rock
Type
|
R-22
|
29.0
|
106.7
|
Serpentinized gabbro
to peridotite
|
R-22
|
125.0
|
171.0
|
Serpentinized
peridotite
|
R-18
|
54.6
|
96.9
|
Peridotite
|
T67-1
|
20.7
|
128.3
|
Serpentinized
peridotite
|
T67-2
|
15.2
|
59.7
|
Serpentinized
peridotite
|
Figure 8 – Reid Property – Historical Drillholes Over
TMI.
Adam McCool
Adam McCool was staked directly
by Canada Nickel and covers 2,832 ha. The property is located 92 km
east of Timmins. The main
intrusion was identified by its anomalous TMI and is estimated to
have dimensions 4.6 km long by up to 800 metres wide (see Figure
9).
Mid-North Engineering Ltd. drilled three holes in McCool
Township in 1963, intersecting serpentinized dunite in all three
holes at shallow depths (to 495 ft or 151
m). See Table 9. No assays were provided.
Table 9 – Historical Drilling – Adam McCool Property –
Selected Lithologies
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Rock
Type
|
1-63
|
33.5
|
121.9
|
88.1
|
Serpentinized
Dunite
|
1-62
|
38.1
|
150.9
|
112.8
|
Serpentinized
Dunite
|
1-63
|
3.0
|
33.8
|
30.8
|
Serpentinized
Dunite
|
1586-1
|
48.6
|
139.7
|
91.1
|
Peridotite
|
1586-1
|
139.7
|
153.3
|
13.6
|
Gabbro
|
D-1
|
29.3
|
279.5
|
250.2
|
Serpentinite
|
Figure 9 – Adam McCool Property – Historical Drillholes Over
TMI.
Powell
The Powell Property is located 74 km southeast of Timmins and consists of several single cell
mining claims totaling approximately 1,000 ha. The mining claims
cover an ultramafic intrusion having dimensions of 1.4 km by 1.0 km
showing a highly anomalous TMI. Two shallow holes drilled off the
southeast edge of the anomaly were described as containing a
pervasive mafic metavolcanic unit with high concentrations of
magnetite and intervals of fracture-filling sulphide, which is more
typical of serpentinized ultramafics. See Figure 10.
Figure 10 – Powell Property – Historical Drillholes Over
TMI.
Moody
The Moody Property covers an area of 1,940 ha and was staked by
Canada Nickel. The claims are located 72 km east of the Crawford
Project and within 3 km from an all-weather mining road. Mistango
River Mines Limited drilled a total of 34 diamond drillholes in the
search for ultramafics. While the drilling results were reported by
Utah Mines Ltd. in 1964, the location of the drillholes and drill
results have not been provided on the Mining Lands Administration
System ("MLAS"). The ultramafic is interpreted to have dimensions
of 4.2 km long by up to 700 metres wide.
The Utah Mines Ltd. program consisted of reverse circulation
drilling of several holes in 1984 (only seven were reported to
MLAS) and core was not recovered. At the overburden-bedrock
interface the rock was often described as being dark green and
mafic.
Figure 11 – Moody Property – Historical Drillholes Over
TMI.
Mortimer
The Mortimer Property includes two ultramafic intrusions that
cover a total distance of 10 km, in an area staked by Canada Nickel
totaling 2,732 ha. The main intrusion has dimensions of 1.8 km
long, up to 400 metres wide and has never been intersected by
drilling. The secondary intrusion, although longer in strike
extent, does not show the same high intensity in the TMI but does
have three locally high responses within the intrusion, none of
which appears to have been drilled. The property is easily accessed
by an all-weather logging road. See Figure 12.
Figure 12 – Mortimer Property – Historical Drillholes Over
TMI.
Stimson
The Stimson Property covers 1,491 ha and encompasses a weakly
magnetic ultramafic having a strike length of at least 2 km and
with a higher amplitude TMI of 400 metres long. The ultramafic is
interpreted to be a more distal extension of more strongly magnetic
ultramafics found in Mortimer and Moody Townships, staked by Canada
Nickel at the same time. See Figure 13.
Figure 13 – Stimson Property – Historical Drillholes Over
TMI.
Purchase and Option Agreements
The Company has negotiated 18 agreements to acquire the
properties described in the release. On signing, the Company will
pay a combined $371,500 in cash and
2,044,000 shares. $25,000 of this
cash has already been paid and 125,000 shares have already been
issued.
Table 10 – Consolidated Summary of Cash & Share
Consideration: 18 transactions
|
Cash
|
Shares
|
On
Signing
|
$371,500
|
2,044,000
|
Year
1
|
$350,000
|
926,000
|
Year
2
|
$200,000
|
35,000
|
Year
3
|
$600,000
|
425,000
|
Year
4
|
$500,000
|
140,000
|
Total
|
$2,021,500
|
3,570,000
|
Sothman
Canada Nickel has entered into an agreement with Glencore Canada
Corporation (Glencore) to acquire 50 mining leases that are in
Sothman, Kemp and Mond Townships, 45 of which have associated
Mining and Surface rights and five of which have Mining Rights
only. Glencore will also hold a contingent right to receive a bonus
payment in the amount of $10,000,000
(paid in cash or shares, at the Company's election) in the event
the Company discloses a mineral resource pursuant to National
Instrument 43-101 of 10,000 tonnes or more of nickel or nickel
equivalent. Glencore will also retain offtake rights to purchase
the ore, concentrate or other mineral products produced from the
property at market pricing. Canada Nickel staked an additional nine
mining claims adjacent to the mining leases.
Deloro
The Deloro Project consists of mining claims and patents
acquired from two vendors in separate Purchase Agreements. In the
first Purchase Agreement a 100% ownership was acquired to 35 mining
claims and 30 mining patents. The mining claims are subject to a
2.00% NSR while the patents are subject to various NSRs, ranging
from 2.00-5.50%. In the second Purchase Agreement, Canada Nickel
acquired a 100% ownership in four contiguous mining patents. The
vendor will retain a 3.00% NSR on any gold resource outlined.
Mann
The Mann Property was acquired from Noble Mineral Exploration
("Noble") in an Option Agreement with work commitments, cash
payments, share issuances, NSRs, and buy-back provisions. The
Company has acquired the right to earn an 80% interest in the Mann
Property from Noble. Work commitments are $1.7 million over the Option Term with an initial
$500,000 required in the first year.
Noble will retain a 2.00% NSR (due to various vendors) with a 1.00%
buy-back provision to Canada Nickel for $1.0
million plus 50% of the buy-back provisions that total
$4.5 million ($2.25 million to CNC). Once Canada Nickel earns
its 80% interest it will form a joint-venture with Noble to
continue exploring the Property on an 80%-20% basis. An
acceleration provision exists to allow the Company to reach its 80%
interest earlier than the Option Period.
Reaume
The Reaume Property was acquired through a combination of
Purchase and Option Agreements. In one Purchase Agreement Canada
Nickel acquired a 100% right to 65 contiguous mining claims with a
2.00% NSR to the vendor and a 1.00% buy-back provision. In a second
Option Agreement Canada Nickel has the option to earn a 100%
interest in 48 mining claims through work expenditures (2,100
metres of diamond drilling) over a 12-month period. In a third
Purchase Agreement Canada Nickel acquired a 100% interest in a
group of 201 in-fill claims (surrounding the ultramafic units) with
the vendor retaining a 2.00% NSR with a buy-back of 1.00%. In a
fourth Purchase Agreement Canada Nickel acquired a small group of
claims which have a 2.00% NSR with a 1.00% buy-back.
Midlothian
The Midlothian Property was acquired under an Option Agreement
with Canadian Gold Miner Corp. (70% interest) and Laurion Mineral
Exploration Inc. (30% interest), collectively the vendors. Under
the terms of the agreement, Canada Nickel can earn a 100% interest
in the property through cash and share payments and a commitment to
$500,000 of exploration expenditures
within the first twelve months of the agreement. On or before the
fourth anniversary, Canada Nickel will complete an exploration
program having a cumulative value of $2.5
million (including the first-year expenditures of
$0.5 million). Cash and share
payments in the first year are $50,000 and 100,000 respectively. In subsequent
years payments are $100,000 and
35,000 (18 months), $200,000 and
70,000 (27 months), $300,000 and
105,000 (year 3) and $400,000 and
140,000 (year 4) for total cash payments of $1,050,000 and share issuances of 450,000. The
vendors will retain an NSR of 4.00% for gold and 2.00% for nickel
with a commercial production payment of $4.0
million. Canada Nickel will retain a 1.00% NSR buy-back
right for aggregate payments of $2.5
million. The Option Agreement includes clauses for
acceleration of the exploration program and payment in lieu of
exploration expenditures.
Reid
The Reid Property was acquired through Purchase Agreements with
several different vendors. The Company has committed to conduct a
2,500 m drill program and fly an
airborne survey over the Property. The vendor retains a 2.00% NSR
on the claims with certain buy-down provisions. In a second
Purchase Agreement 14 single cell mining claims were acquired with
a 2.00% NSR to the vendor and a 1.00% buy-back. In a third
agreement Canada Nickel acquired a 100% interest in 18 mining
claims with a 2.00% NSR to the vendor and a 1.00% NSR buy-back.
Adam McCool
The Adam McCool Property was staked directly by Canada Nickel as
72 contiguous mining claims (1,152 ha) with additional claims
purchased from local prospectors for a total land package of 2,832
ha consisting entirely of mining claims owned 100% by Canada
Nickel. Mining claims purchased by Canada Nickel are subject to a
2.00% NSR, 1.00% of which can be bought-back for $1 million. The claims with an NSR represent
about 60% of the property.
Powell
The Powell Property was acquired through a Purchase Agreement
with a single vendor. The vendor retains a 2.00% NSR with a 1.00%
buy-back for $1 million.
Stimson-Mortimer-Moody
The Stimson, Mortimer and Moody Properties were staked directly
by Canada Nickel as single cell mining claims and are not subject
to an NSR. The total cost for staking was $10,750. There are 215 mining claims totaling
3,440 ha. Each mining claim is 16 ha. Claims are valid for two
years and require an exploration expenditure of $400/claim thereafter to be renewed annually.
Additional Land Acquisition - Kingsmill and Mabee
Townships
The Company has agreed to acquire the remaining patents in
Kingsmill and Mabee township covering approximately 15,000 hectares
from Noble Mineral Exploration in exchange for 500,000 shares of
the Company.
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.
The completion of any transactions mentioned in this release is
subject to customary closing conditions, including final TSX
Venture Exchange approval. The common shares issued pursuant to the
above noted acquisitions will be subject to a four month hold
period under applicable Canadian securities laws. Some transactions
may have been approved prior to this release.
Statement Regarding Historical Resource Estimates
The Sothman historical resource estimate is unclassified and
does not comply with CIM Definition Standards on Mineral Resources
and Mineral Reserves as required by NI 43-101. The historical
resource was reported by D. R. Bell for Sothman Mines Limited on
Oct. 1, 1969, as 189,753 tons of
1.24% nickel and 0.15% Cu over an average width of 17.8 ft
(undiluted) using a 1.00% nickel cut-off. The reliability of the
historical resource is considered reasonable, but a qualified
person has not done sufficient work to classify the historical
resource estimate as a current mineral resource and the Company is
not treating the historical resource estimate as a current
resource. The Company plans on conducting an exploration program,
including twinning of historical drill holes, to redefine the
historical resource as a current mineral resource category.
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.
Conference Call Details
Date: Monday, November 22,
2021
Time: 10:00 a.m. ET
Participants may join the call as follows:
Dialing local Toronto:
+1-416-764-8688
Dialing North American Toll Free: +1-888-390-0546
Dialing International Toll Free: available upon request
Webcast URL:
https://produceredition.webcasts.com/starthere.jsp?ei=1514838&tp_key=41b4857d60
Confirmation #: 94728691
For those unable to participate, a web-based archive of the
conference call will be available for playback at the same Audience
URL used to access the live webcast. Also, an audio replay
will be available from 12:30 p.m. Eastern
Time on Monday, November 22, 2021, through Monday, December 13, 2021. To access the replay,
please call 1-888-390-0541 (North American toll free) or
1-416-764-8677 (local or international) and enter confirmation code
728691#.
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.
For further information, please contact:
Mark Selby
Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary 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 relating to
the target properties described herein (the "Properties"), the
potential of the Crawford Nickel Sulphide Project and the
Properties, timing of economic studies and mineral resource
estimates, the ability to sell marketable materials, strategic
plans, including future exploration and development 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, and
the impact of COVID-19 related disruptions in relation to the
Company's business operations including upon its employees,
suppliers, facilities and other stakeholders. 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.
Appendix
Table A – Collars
Hole
ID
|
Property
|
Northing
|
Easting
|
Azimuth
|
Dip
|
Length
|
|
|
(mN-NAD27)
|
(mE-NAD27)
|
(o)
|
(o)
|
(m)
|
SM56-K11
|
Sothman
West
|
5,299,305.0
|
481,535.0
|
180
|
-60
|
148.4
|
SM67-B06
|
Sothman
West
|
5,299,281.8
|
481,575.8
|
180
|
-45
|
101.8
|
DG50-S04
|
Sothman
West
|
5,299,235.0
|
481,714.0
|
131
|
-45
|
107.9
|
DG51-S20
|
Sothman
West
|
5,299,112.9
|
481,750.5
|
0
|
-48
|
111.0
|
DG50-S05
|
Sothman
West
|
5,299,224.0
|
481,767.0
|
180
|
-45
|
82.0
|
SM71-01
|
Sothman
West
|
5,299,404.0
|
481,638.0
|
180
|
-68
|
426.7
|
SM71-02
|
Sothman
West
|
5,299,385.0
|
481,487.0
|
180
|
-63
|
366.7
|
SM67-B25
|
Sothman
|
5,299,144.5
|
482,936.8
|
207
|
-45
|
91.2
|
SM67-B26
|
Sothman
|
5,299,069.3
|
482,692.9
|
207
|
-45
|
120.1
|
SM67-B27
|
Sothman
|
5,299,007.8
|
482,659.2
|
200
|
-45
|
121.6
|
SM67-B28
|
Sothman
|
5,298,937.8
|
482,650.8
|
191
|
-45
|
107.9
|
DG51-S12
|
Sothman
|
5,298,954.6
|
482,617.8
|
180
|
-45
|
148.4
|
DG51-S09
|
Sothman
|
5,299,124.3
|
482,107.5
|
206
|
-44
|
229.8
|
DG53-S41A
|
Sothman
|
5,298,932.2
|
483,982.2
|
175
|
-55
|
83.8
|
FY-02-01
|
Deloro
|
5,361,223.0
|
480,883.0
|
270
|
-45
|
102.0
|
FY-02-02
|
Deloro
|
5,361,232.0
|
480,387.0
|
223
|
-40
|
472.0
|
FY-02-03
|
Deloro
|
5,360,750.0
|
481,376.0
|
180
|
-45
|
100.0
|
FY-02-04
|
Deloro
|
5,360,987.0
|
481,945.0
|
345
|
-45
|
147.0
|
FY-02-05
|
Deloro
|
5,361,019.0
|
482,117.0
|
343
|
-50
|
172.0
|
FY-02-06
|
Deloro
|
5,361,309.0
|
480,561.0
|
100
|
-45
|
301.0
|
FY-02-07
|
Deloro
|
5,361,678.0
|
481,022.0
|
70
|
-45
|
77.0
|
FY-02-08
|
Deloro
|
5,361,629.0
|
481,012.0
|
75
|
-45
|
77.0
|
FY-02-09
|
Deloro
|
5,361,564.0
|
480,990.0
|
82
|
-45
|
125.0
|
FY-02-10
|
Deloro
|
5,361,124.0
|
480,240.0
|
37
|
-45
|
135.0
|
FY-02-11
|
Deloro
|
5,361,216.0
|
480,192.0
|
22
|
-45
|
115.0
|
FY-02-12
|
Deloro
|
5,361,085.0
|
480,267.0
|
55
|
-45
|
272.0
|
FY-02-13
|
Deloro
|
5,361,161.0
|
480,224.0
|
60
|
-60
|
318.0
|
1A
|
Mann
Central
|
5,410,706.6
|
498,457.0
|
180
|
-60
|
57.9
|
2A
|
Mann
Central
|
5,410,850.6
|
498,694.2
|
180
|
-50
|
128.7
|
3A
|
Mann
Central
|
5,410,906.2
|
498,782.2
|
180
|
-45
|
80.6
|
4A
|
Mann
Central
|
5,410,641.2
|
498,291.4
|
180
|
-70
|
37.5
|
INCO-1
|
Mann
Central
|
5,409,763.7
|
497,819.1
|
180
|
-45
|
162.5
|
M-1
|
Mann
Central
|
5,410,084.4
|
497,893.6
|
360
|
-45
|
213.7
|
M-2
|
Mann
Central
|
5,410,312.5
|
496,873.2
|
180
|
-45
|
214.9
|
M-3
|
Mann
Central
|
5,410,447.3
|
496,891.5
|
180
|
-45
|
172.9
|
M-4
|
Mann
Central
|
5,410,662.2
|
496,900.1
|
180
|
-45
|
213.1
|
Table A – Collars (continued)
Hole
ID
|
Property
|
Northing
|
Easting
|
Azimuth
|
Dip
|
Length
|
M-5
|
Mann
Central
|
5,410,675.8
|
496,672.5
|
180
|
-45
|
172.6
|
M-6
|
Mann
Central
|
5,410,454.5
|
496,683.0
|
180
|
-45
|
128.1
|
M-7
|
Mann
Central
|
5,410,788.5
|
495,884.3
|
180
|
-45
|
172.9
|
M-8
|
Mann
Central
|
5,410,852.2
|
495,864.3
|
360
|
-45
|
172.0
|
MA4-1-76
|
Mann
Central
|
5,410,846.5
|
499,368.3
|
180
|
-50
|
134.2
|
MA4-2-76
|
Mann
Central
|
5,410,725.8
|
499,366.5
|
180
|
-50
|
123.2
|
MA5-1-76
|
Mann
Central
|
5,410,722.7
|
498,551.2
|
180
|
-50
|
138.1
|
MA5-2-76
|
Mann
Central
|
5,410,108.0
|
498,351.5
|
180
|
-50
|
123.2
|
MAN43-01
|
Mann
Central
|
5,410,157.8
|
498,349.5
|
360
|
-45
|
188.0
|
MAN43-02
|
Mann
Central
|
5,410,255.4
|
499,225.2
|
180
|
-45
|
113.0
|
MAN43-03
|
Mann
Central
|
5,410,152.9
|
498,539.9
|
180
|
-45
|
158.0
|
MN87-3
|
Mann
Central
|
5,410,577.1
|
498,394.2
|
360
|
-50
|
151.2
|
87-01
|
Mann NW
|
5,412,224.9
|
494,853.7
|
270
|
-65
|
41.2
|
87-02
|
Mann NW
|
5,412,225.6
|
494,853.7
|
270
|
-80
|
35.4
|
79-01
|
Mann NW
|
5,413,332.9
|
495,724.4
|
190
|
-55
|
133.5
|
91-01
|
Mann NW
|
5,411,924.9
|
494,887.1
|
120
|
-48
|
246.0
|
FHR01-02
|
Mann NW
|
5,412,461.5
|
495,870.1
|
215
|
-45
|
137.0
|
FHR02-02
|
Mann NW
|
5,412,192.5
|
495,873.8
|
215
|
-45
|
161.0
|
FHR03-02
|
Mann NW
|
5,413,542.5
|
496,596.6
|
215
|
-45
|
170.0
|
H-88-1
|
Mann NW
|
5,412,164.8
|
494,936.1
|
225
|
-50
|
64.0
|
H-88-2
|
Mann NW
|
5,412,162.3
|
494,936.1
|
225
|
-65
|
61.0
|
H-88-3
|
Mann NW
|
5,412,162.6
|
494,937.2
|
225
|
-40
|
60.7
|
M-01-1
|
Mann NW
|
5,412,280.0
|
494,630.5
|
70
|
-45
|
192.0
|
M-01-2
|
Mann NW
|
5,411,887.5
|
494,880.9
|
55
|
-45
|
251.0
|
M-01-3
|
Mann NW
|
5,412,117.0
|
494,683.2
|
280
|
-45
|
150.0
|
M-01-4
|
Mann NW
|
5,412,080.0
|
494,686.2
|
45
|
-45
|
102.0
|
M-01-5
|
Mann NW
|
5,412,164.0
|
494,771.6
|
240
|
-45
|
150.0
|
M-01-6
|
Mann NW
|
5,412,156.9
|
494,787.6
|
240
|
-70
|
150.0
|
M96-1
|
Mann NW
|
5,411,921.3
|
494,847.2
|
172
|
-65
|
245.0
|
MAN-01
|
Mann NW
|
5,412,235.0
|
495,567.8
|
215
|
-45
|
200.3
|
MAN07-01
|
Mann NW
|
5,412,468.0
|
494,789.0
|
280
|
-50
|
102.0
|
MAN07-02
|
Mann NW
|
5,412,251.0
|
494,872.0
|
240
|
-48
|
126.0
|
MAN07-03
|
Mann NW
|
5,412,319.1
|
494,754.0
|
270
|
-48
|
108.0
|
MAN07-04
|
Mann NW
|
5,412,369.0
|
494,848.0
|
240
|
-46
|
141.0
|
MAN08-05
|
Mann NW
|
5,412,251.0
|
494,872.0
|
240
|
-48
|
60.0
|
MAN08-06
|
Mann NW
|
5,412,251.0
|
494,872.0
|
0
|
-90
|
60.0
|
MAN08-07
|
Mann NW
|
5,412,251.0
|
494,872.0
|
300
|
-48
|
75.0
|
MAN52-02
|
Mann NW
|
5,412,507.4
|
496,491.1
|
180
|
-45
|
179.0
|
MAN-73-6
|
Mann NW
|
5,412,367.0
|
495,208.9
|
180
|
-50
|
167.6
|
Table A – Collars (continued)
Hole
ID
|
Property
|
Northing
|
Easting
|
Azimuth
|
Dip
|
Length
|
MAN-73-6
|
Mann NW
|
5,412,358.5
|
494,887.8
|
180
|
-50
|
167.6
|
MAN-87-1
|
Mann NW
|
5,412,274.6
|
494,791.6
|
270
|
-65
|
41.2
|
MAN-87-1
|
Mann NW
|
5,412,375.5
|
494,775.7
|
270
|
-65
|
41.2
|
MAN-87-2
|
Mann NW
|
5,412,251.0
|
494,793.5
|
270
|
-80
|
35.4
|
MAN-87-2
|
Mann NW
|
5,412,356.1
|
494,776.2
|
270
|
-80
|
35.4
|
MAN-88-1
|
Mann NW
|
5,412,098.9
|
494,880.2
|
235
|
-50
|
64.0
|
MAN-88-1
|
Mann NW
|
5,412,077.5
|
494,846.5
|
235
|
-50
|
64.0
|
MAN-88-2
|
Mann NW
|
5,412,070.5
|
494,878.4
|
235
|
-65
|
61.0
|
MAN-88-2
|
Mann NW
|
5,412,044.5
|
494,842.1
|
235
|
-65
|
61.0
|
MAN-88-3
|
Mann NW
|
5,412,046.0
|
494,872.6
|
235
|
-40
|
60.7
|
MAN-88-3
|
Mann NW
|
5,412,015.5
|
494,843.9
|
235
|
-40
|
60.7
|
MAN-91-1
|
Mann NW
|
5,411,812.0
|
494,843.2
|
120
|
-48
|
246.0
|
MAN-91-1
|
Mann NW
|
5,411,815.5
|
494,866.9
|
120
|
-48
|
246.0
|
MAN-96-1
|
Mann NW
|
5,411,779.5
|
494,862.6
|
172
|
-65
|
279.8
|
MD-06-4
|
Mann NW
|
5,412,250.1
|
496,400.0
|
360
|
-50
|
260.0
|
73-01
|
Mann SE
|
5,407,714.3
|
503,532.3
|
273
|
-56
|
159.8
|
73-10
|
Mann SE
|
5,409,611.1
|
503,128.9
|
230
|
-54
|
125.0
|
73-02
|
Mann SE
|
5,407,421.6
|
503,682.0
|
273
|
-55
|
166.8
|
73-03
|
Mann SE
|
5,406,989.3
|
503,547.8
|
273
|
-50
|
152.1
|
73-04
|
Mann SE
|
5,408,652.6
|
502,940.7
|
183
|
-51
|
144.5
|
73-05
|
Mann SE
|
5,408,627.3
|
501,849.5
|
183
|
-50
|
109.5
|
73-06
|
Mann SE
|
5,408,961.4
|
501,738.5
|
183
|
-50
|
112.5
|
MAN35-01
|
Mann SE
|
5,408,387.8
|
503,614.6
|
220
|
-45
|
149.0
|
MAN45-01
|
Mann SE
|
5,409,991.9
|
501,335.1
|
180
|
-45
|
245.0
|
MAN45-02
|
Mann SE
|
5,409,950.4
|
501,605.7
|
180
|
-45
|
211.3
|
MAN52-01
|
Mann SE
|
5,406,451.4
|
502,850.9
|
360
|
-45
|
219.0
|
28482
|
Reaume
|
5,421,363.0
|
487,600.0
|
0
|
-50
|
248.0
|
28483
|
Reaume
|
5,422,007.0
|
488,260.0
|
270
|
-50
|
301.0
|
REA-45-04
|
Reaume
|
5,421,707.0
|
488,542.0
|
180
|
-50
|
368.0
|
REA-45-05
|
Reaume
|
5,421,932.0
|
488,576.0
|
180
|
-50
|
308.0
|
REA-45-06
|
Reaume
|
5,422,212.0
|
488,604.0
|
180
|
-50
|
320.0
|
REA-45-07
|
Reaume
|
5,422,398.0
|
488,610.0
|
180
|
-50
|
299.0
|
REA-45-08
|
Reaume
|
5,421,684.0
|
487,735.0
|
180
|
-50
|
199.4
|
DH-01
|
Reaume
|
5,422,601.0
|
488,298.0
|
0
|
-90
|
95.0
|
DH-02
|
Reaume
|
5,422,601.0
|
489,004.0
|
0
|
-90
|
103.6
|
REA-45-03
|
Reaume
|
5,422,190.0
|
488,903.0
|
180
|
-50
|
335.0
|
REA-46-01
|
Reaume
|
5,422,850.0
|
488,016.0
|
180
|
-50
|
419.4
|
R-78-1
|
Reaume
|
5,421,678.0
|
486,639.0
|
210
|
-45
|
49.7
|
LM08-01
|
Midlothian
|
5,303,260.0
|
499,195.0
|
180
|
-50
|
400.2
|
Table A – Collars (continued)
Hole
ID
|
Property
|
Northing
|
Easting
|
Azimuth
|
Dip
|
Length
|
LL1
|
Midlothian
|
5,302,980.0
|
499,242.0
|
6
|
-45
|
165.8
|
LL2
|
Midlothian
|
5,302,870.0
|
499,192.0
|
6
|
-45
|
163.1
|
LL3
|
Midlothian
|
5,302,870.0
|
499,194.0
|
186
|
-45
|
160.0
|
A-121
|
Midlothian
|
5,302,910.0
|
498,866.0
|
187
|
-45
|
91.4
|
A-126
|
Midlothian
|
5,302,820.0
|
499,021.0
|
188
|
-45
|
152.7
|
501
|
Midlothian
|
5,302,620.0
|
501,288.0
|
25
|
-45
|
196.3
|
505
|
Midlothian
|
5,302,630.0
|
501,288.0
|
205
|
-45
|
82.0
|
506
|
Midlothian
|
5,302,590.0
|
501,369.0
|
25
|
-45
|
301.8
|
507
|
Midlothian
|
5,302,620.0
|
501,289.0
|
340
|
-45
|
280.7
|
A-131
|
Midlothian
|
5,302,520.0
|
500,429.0
|
183
|
-45
|
115.8
|
503
|
Midlothian
|
5,302,650.0
|
498,883.0
|
181
|
-45
|
121.9
|
504
|
Midlothian
|
5,302,660.0
|
498,883.0
|
1
|
-45
|
121.9
|
502
|
Midlothian
|
5,303,250.0
|
499,094.0
|
352
|
-45
|
146.6
|
MD-17-008
|
Midlothian
|
5,303,230.0
|
499,727.0
|
280
|
-50
|
38.0
|
MD-17-009
|
Midlothian
|
5,303,230.0
|
499,727.0
|
300
|
-50
|
38.0
|
MD-17-007
|
Midlothian
|
5,303,230.0
|
499,727.0
|
220
|
-50
|
67.0
|
MD-17-006
|
Midlothian
|
5,303,230.0
|
499,727.0
|
260
|
-55
|
38.0
|
MD-17-005
|
Midlothian
|
5,303,230.0
|
499,727.0
|
260
|
-89
|
53.0
|
MD-17-004
|
Midlothian
|
5,303,220.0
|
499,709.0
|
256
|
-49
|
19.9
|
MD-17-003
|
Midlothian
|
5,303,220.0
|
499,709.0
|
220
|
-84
|
35.0
|
MD-17-002
|
Midlothian
|
5,303,220.0
|
499,709.0
|
220
|
-45
|
29.0
|
MD-17-001
|
Midlothian
|
5,303,220.0
|
499,709.0
|
220
|
-60
|
29.0
|
LL6
|
Midlothian
|
5,303,020.0
|
499,770.0
|
185
|
-45
|
166.4
|
516
|
Midlothian
|
5,303,350.0
|
502,009.0
|
360
|
-45
|
137.2
|
515
|
Midlothian
|
5,303,350.0
|
502,014.0
|
0
|
-90
|
150.3
|
514
|
Midlothian
|
5,303,180.0
|
502,010.0
|
0
|
-90
|
154.5
|
LL7
|
Midlothian
|
5,302,990.0
|
498,825.0
|
187
|
-50
|
160.7
|
LL4
|
Midlothian
|
5,303,120.0
|
499,410.0
|
185
|
-45
|
164.6
|
LL5
|
Midlothian
|
5,303,020.0
|
499,030.0
|
187
|
-45
|
165.9
|
R-22
|
Reid
|
5,403,720.0
|
456,699.0
|
Grid W
|
-50
|
171.0
|
R-18
|
Reid
|
5,404,480.0
|
456,224.0
|
Grid E
|
-50
|
96.9
|
T67-1
|
Reid
|
5,405,400.0
|
456,745.0
|
35
|
-50
|
128.3
|
T67-2
|
Reid
|
5,405,510.0
|
456,709.0
|
210
|
-49
|
59.7
|
1-63
|
McCool
|
5,384,613.0
|
566,975.6
|
360
|
-85
|
122.0
|
2-63
|
McCool
|
5,383,250.0
|
566,050.3
|
35
|
-60
|
188.0
|
3-63
|
McCool
|
5,384,550.8
|
567,035.3
|
0
|
-90
|
150.9
|
1586-1
|
McCool
|
5,384,110.0
|
567,059.1
|
0
|
-90
|
33.8
|
D-1
|
McCool
|
5,383,880.8
|
567,597.7
|
54
|
-45
|
279.6
|
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SOURCE Canada Nickel Company Inc.