Highlights
- Best Crawford high-grade interval to date; core length of 64.5
metres of 0.71% nickel from 472.5 metres including 6 metres of
1.04% nickel from East Zone High Grade Core
- Main Zone mineralization successfully drilled to a depth of 1
kilometre
- East Zone mineralization successfully infilled and extended by
a further 33% to strike length of 2.8 kilometres
- PGM Zone continues to expand – 1.4 g/t PGM over 11.4 metres
core length including 2.5 g/t PGM over 3 metres core length
TORONTO,
April 4, 2022 /CNW/
- Canada Nickel Company Inc. ("Canada Nickel" or
the "Company") (TSXV: CNC) (OTCQX: CNIKF) announced today it
had completed its current phase of drilling at the Company's
flagship Crawford Nickel Sulphide Project and is reporting
assay results from 33 drill holes from the Crawford drilling
program including additional assay results from the previously
announced East Zone High Grade Core discovery. A further 37 holes
have been drilled at Crawford with assays pending.
Mark Selby, Chair and Chief
Executive Officer said, "We are very excited to reach this key
milestone of completing this phase of infill drilling at Crawford
to support the feasibility study. The Crawford drilling
program continued to deliver strong results, with this phase
yielding the highest-grade interval to date, a 33% increase in
strike length of East Zone mineralization to 2.8 kilometres, and
further testing of Main Zone at depth to more than one kilometre.
With more than 200 holes now completed - more than three times the
drilling utilized in the Preliminary Economic Analysis ("PEA") – we
are well-positioned to deliver a resource increase by mid-year to
support the feasibility study expected by the end of this
year."
Crawford East Zone
The East Zone was originally defined as two separate zones due
to the limited amount of drilling included in the May 2021 PEA. Since then, Canada Nickel has
drilled 38 more holes, 12 of which are summarized in this press
release. Assays are still outstanding in the remaining 26 holes.
The East Zone is now defined as a single continuous ultramafic unit
mineralized over its strike length of 2.8 kilometres. It averages
200 metres in thickness and has been drilled to a vertical depth to
as much as 730 metres and remains open at depth. The East Zone
Higher Grade Core was successfully intercepted in multiple holes
designed to better define its extent. Hole CR21-165A was
mineralized across its entire 690 metres length including a 409.5
metre interval of 0.34% nickel (42 metre true width) and 111 metre
interval of 0.40% nickel (11.6 metres true width). Hole
CR21-153 was mineralized over entire core length grading 0.30%
nickel over 584 metres including 0.45% nickel over 174 metres,
0.71% nickel over 64.5 metres, and 1.04% nickel over 6
metres. Holes CR21-136, CR21-149, CR21-156 and CR21-165 also
successfully intercepted Higher Grade
Core.
Figure 1: Plan View of East Zone - Drill Results Overlain on
Total Field Magnetic Intensity, Crawford Nickel Sulphide Project,
Ontario.
Table 1: East Zone Infill Drilling Results, Crawford
Nickel Sulphide Project, Ontario.
|
Hole
ID
|
From
|
To
|
Length
|
Est.
True
|
Ni
|
Co
|
Pd
|
Pt
|
Cr
|
Fe
|
S
|
|
(m)
|
(m)
|
(m)
|
Width
(m)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
(%)
|
|
CR21-119
|
39.7
|
479.0
|
439.3
|
219.7
|
0.24
|
0.012
|
0.014
|
0.010
|
0.58
|
6.27
|
0.04
|
|
including
|
221.0
|
434.0
|
213.0
|
106.5
|
0.27
|
0.012
|
0.003
|
0.003
|
0.61
|
5.60
|
0.03
|
|
CR21-123
|
22.0
|
507.0
|
485.0
|
242.5
|
0.20
|
0.012
|
0.008
|
0.007
|
0.62
|
6.44
|
0.02
|
|
including
|
261.5
|
430.5
|
169.0
|
84.5
|
0.26
|
0.012
|
0.006
|
0.005
|
0.66
|
5.74
|
0.02
|
|
CR21-125
|
72.0
|
375.6
|
303.6
|
151.8
|
0.22
|
0.012
|
0.008
|
0.006
|
0.59
|
6.43
|
0.05
|
|
including
|
232.5
|
348.0
|
115.5
|
57.8
|
0.27
|
0.012
|
0.011
|
0.006
|
0.68
|
5.46
|
0.06
|
|
CR21-127
|
87.0
|
300.0
|
213.0
|
136.9
|
0.21
|
0.013
|
0.007
|
0.006
|
0.57
|
6.54
|
0.06
|
|
including
|
177.0
|
259.5
|
82.5
|
53.0
|
0.25
|
0.012
|
0.004
|
0.005
|
0.64
|
5.57
|
0.06
|
|
CR21-131
|
39.0
|
346.5
|
307.5
|
130.0
|
0.20
|
0.012
|
0.010
|
0.007
|
0.56
|
6.71
|
0.08
|
|
including
|
198.0
|
295.5
|
97.5
|
41.2
|
0.26
|
0.012
|
0.018
|
0.010
|
0.61
|
5.81
|
0.07
|
|
CR21-133
|
99.0
|
285.0
|
186.0
|
93.0
|
0.23
|
0.012
|
0.006
|
0.006
|
0.64
|
6.30
|
0.06
|
|
including
|
180.0
|
271.5
|
91.5
|
45.8
|
0.26
|
0.012
|
0.007
|
0.007
|
0.64
|
5.68
|
0.07
|
|
CR21-136
|
37.5
|
327.0
|
289.5
|
166.1
|
0.24
|
0.012
|
0.034
|
0.013
|
0.62
|
6.25
|
0.07
|
|
including
|
129.0
|
285.0
|
156.0
|
89.5
|
0.28
|
0.012
|
0.056
|
0.019
|
0.66
|
5.76
|
0.08
|
|
including
|
235.5
|
271.5
|
36.0
|
20.6
|
0.34
|
0.013
|
0.230
|
0.065
|
0.71
|
5.90
|
0.11
|
|
including
|
241.5
|
255.0
|
13.5
|
7.7
|
0.40
|
0.011
|
0.560
|
0.113
|
0.72
|
5.64
|
0.10
|
|
CR21-138
|
47.5
|
336.0
|
288.5
|
144.3
|
0.22
|
0.012
|
0.010
|
0.008
|
0.57
|
6.08
|
0.07
|
|
including
|
163.5
|
268.5
|
105.0
|
52.5
|
0.27
|
0.012
|
0.007
|
0.006
|
0.57
|
5.19
|
0.08
|
|
CR21-143
|
48.6
|
499.2
|
450.6
|
289.6
|
0.24
|
0.012
|
0.003
|
0.006
|
0.64
|
5.94
|
0.03
|
|
including
|
48.6
|
334.0
|
285.4
|
183.5
|
0.26
|
0.012
|
0.003
|
0.005
|
0.61
|
5.75
|
0.03
|
|
CR21-147
|
29.2
|
315.0
|
285.9
|
183.7
|
0.22
|
0.012
|
0.005
|
0.005
|
0.65
|
6.30
|
0.05
|
|
including
|
35.0
|
134.0
|
99.0
|
63.6
|
0.27
|
0.012
|
0.003
|
0.005
|
0.71
|
5.56
|
0.05
|
|
CR21-149
|
31.1
|
472.6
|
441.5
|
23.1
|
0.26
|
0.013
|
0.019
|
0.012
|
0.68
|
6.22
|
0.12
|
|
including
|
257.5
|
353.5
|
96.0
|
5.0
|
0.31
|
0.014
|
0.053
|
0.024
|
0.75
|
5.93
|
0.12
|
|
including
|
313.0
|
344.5
|
31.5
|
1.6
|
0.37
|
0.017
|
0.143
|
0.049
|
0.70
|
6.06
|
0.19
|
|
and
|
452.5
|
472.6
|
20.1
|
1.1
|
0.34
|
0.020
|
0.055
|
0.024
|
0.60
|
6.41
|
0.34
|
|
CR21-153
|
85.0
|
669.0
|
584.0
|
40.7
|
0.30
|
0.013
|
0.020
|
0.012
|
0.63
|
6.04
|
0.12
|
|
including
|
397.5
|
571.5
|
174.0
|
12.1
|
0.45
|
0.015
|
0.057
|
0.026
|
0.68
|
5.95
|
0.29
|
|
including
|
472.5
|
537.0
|
64.5
|
4.5
|
0.71
|
0.016
|
0.115
|
0.035
|
0.64
|
5.53
|
0.46
|
|
including
|
492.0
|
498.0
|
6.0
|
0.4
|
1.04
|
0.018
|
0.092
|
0.033
|
0.63
|
5.24
|
0.82
|
|
CR21-156
|
84.0
|
657.8
|
573.8
|
40.0
|
0.28
|
0.013
|
0.018
|
0.010
|
0.68
|
6.19
|
0.16
|
|
including
|
394.0
|
601.0
|
207.0
|
14.4
|
0.35
|
0.015
|
0.039
|
0.019
|
0.74
|
6.28
|
0.37
|
|
including
|
443.5
|
550.0
|
106.5
|
7.4
|
0.38
|
0.016
|
0.062
|
0.026
|
0.76
|
6.67
|
0.51
|
|
CR21-160
|
30.7
|
549.0
|
518.3
|
177.3
|
0.24
|
0.013
|
0.007
|
0.004
|
0.63
|
6.10
|
0.03
|
|
including
|
304.5
|
475.5
|
171.0
|
58.5
|
0.27
|
0.012
|
0.003
|
0.003
|
0.65
|
5.75
|
0.02
|
|
CR21-165
|
36.2
|
555.0
|
518.8
|
40.7
|
0.29
|
0.013
|
0.038
|
0.018
|
0.70
|
5.89
|
0.11
|
|
including
|
270.0
|
555.0
|
285.0
|
22.4
|
0.33
|
0.014
|
0.062
|
0.030
|
0.71
|
5.79
|
0.19
|
|
including
|
270.0
|
308.0
|
38.0
|
3.0
|
0.37
|
0.011
|
0.078
|
0.083
|
0.63
|
5.24
|
0.10
|
|
and
|
472.5
|
525.0
|
52.5
|
4.1
|
0.42
|
0.019
|
0.060
|
0.023
|
0.72
|
6.65
|
0.36
|
|
CR21-165A
|
45.0
|
735.0
|
690.0
|
72.1
|
0.30
|
0.014
|
0.042
|
0.019
|
0.70
|
6.09
|
0.19
|
|
including
|
270.0
|
679.5
|
409.5
|
42.8
|
0.34
|
0.015
|
0.065
|
0.028
|
0.71
|
6.12
|
0.29
|
|
including
|
468.0
|
579.0
|
111.0
|
11.6
|
0.40
|
0.018
|
0.046
|
0.018
|
0.73
|
6.85
|
0.56
|
|
including
|
469.5
|
501.0
|
31.5
|
3.3
|
0.51
|
0.017
|
0.044
|
0.019
|
0.73
|
6.17
|
0.39
|
Crawford Main and West Zone
Drilling within the Main and West Zone consisted of infill
drilling to upgrade the resource and expand the resource northwest
of the existing Main Zone Resource Estimate. A total of 39
holes were completed with 21 holes summarized in this release and
18 holes with assays pending.
Drilling westward from the Main Zone has extended the
mineralization continuously from the existing resource for a
distance of 850 metres to the northwest where it remains open along
strike and at depth. This mineralization includes a higher-grade
zone as intersected in hole CR21-144 (core length of 69.5 metres of
0.43% Ni starting at 152 m). Four
hundred metres farther to the north, mineralized ultramafic
continues to be found such as CR21-130 which intersected 0.24%
nickel over core length of 525 metres starting at 32.8 metres
including a higher-grade zone of 0.34% nickel over 33.0 metres
starting at 322.5 m. Hole CR22-198
was drilled to a core length of 1.04 kilometres and was
continuously mineralized below 39 metres of overburden.
Figure 2: Plan View of Main Zone - Drill Results Overlain on
Total Field Magnetic Intensity, Crawford Nickel Sulphide Project,
Ontario.
Table 2: Main and West Zone Infill Drilling Results,
Crawford Nickel Sulphide Project, Ontario.
|
Hole
ID
|
From
|
To
|
Length
|
Est.
True
|
Ni
|
Co
|
Pd
|
Pt
|
Cr
|
Fe
|
S
|
|
(m)
|
(m)
|
(m)
|
Width
(m)
|
(%)
|
(%)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
(%)
|
|
CR21-110
|
57.0
|
426.0
|
369.0
|
237.2
|
0.23
|
0.013
|
0.007
|
0.011
|
0.58
|
7.39
|
0.02
|
|
including
|
57.0
|
160.5
|
103.5
|
66.5
|
0.29
|
0.012
|
0.018
|
0.024
|
0.48
|
7.21
|
0.03
|
|
CR21-115
|
88.5
|
450.0
|
361.5
|
232.4
|
0.21
|
0.012
|
0.003
|
0.005
|
0.62
|
7.23
|
0.07
|
|
CR21-120
|
111.0
|
447.0
|
336.0
|
216.0
|
0.23
|
0.012
|
0.003
|
0.004
|
0.55
|
6.99
|
0.05
|
|
including
|
255.5
|
417.5
|
162.0
|
104.1
|
0.27
|
0.012
|
0.003
|
0.004
|
0.68
|
6.80
|
0.04
|
|
CR21-122
|
42.3
|
501.0
|
458.7
|
294.8
|
0.24
|
0.012
|
0.005
|
0.004
|
0.54
|
6.64
|
0.02
|
|
including
|
231.0
|
501.0
|
270.0
|
173.6
|
0.28
|
0.012
|
0.006
|
0.005
|
0.63
|
6.15
|
0.02
|
|
CR21-126A
|
39.0
|
546.0
|
507.0
|
290.8
|
0.24
|
0.013
|
0.007
|
0.006
|
0.54
|
7.03
|
0.04
|
|
including
|
186.0
|
510.0
|
324.0
|
185.8
|
0.27
|
0.012
|
0.006
|
0.005
|
0.58
|
6.94
|
0.04
|
|
CR21-128
|
40.9
|
549.0
|
508.1
|
326.6
|
0.24
|
0.013
|
0.017
|
0.012
|
0.59
|
7.27
|
0.05
|
|
including
|
171.5
|
312.5
|
141.0
|
90.6
|
0.26
|
0.012
|
0.005
|
0.004
|
0.64
|
6.99
|
0.05
|
|
CR21-130
|
32.8
|
558.0
|
525.2
|
337.6
|
0.24
|
0.013
|
0.016
|
0.010
|
0.58
|
7.04
|
0.06
|
|
including
|
322.5
|
355.5
|
33.0
|
21.2
|
0.34
|
0.016
|
0.035
|
0.019
|
0.55
|
7.64
|
0.15
|
|
CR21-132
|
67.0
|
489.0
|
422.0
|
271.3
|
0.24
|
0.014
|
0.016
|
0.015
|
0.60
|
7.38
|
0.02
|
|
including
|
67.0
|
169.5
|
102.5
|
65.9
|
0.29
|
0.013
|
0.052
|
0.033
|
0.59
|
6.96
|
0.07
|
|
including
|
129.0
|
165.0
|
36.0
|
23.1
|
0.36
|
0.013
|
0.125
|
0.077
|
0.40
|
6.97
|
0.12
|
|
including
|
135.0
|
151.5
|
16.5
|
10.6
|
0.43
|
0.013
|
0.104
|
0.018
|
0.47
|
7.16
|
0.15
|
|
CR21-135
|
67.0
|
564.0
|
497.0
|
319.5
|
0.24
|
0.012
|
0.012
|
0.011
|
0.58
|
7.14
|
0.03
|
|
including
|
67.0
|
275.5
|
208.5
|
134.0
|
0.27
|
0.011
|
0.024
|
0.015
|
0.56
|
6.74
|
0.04
|
|
CR21-137
|
61.0
|
468.0
|
407.0
|
233.4
|
0.21
|
0.013
|
0.003
|
0.006
|
0.55
|
7.18
|
0.02
|
|
including
|
61.0
|
109.5
|
48.5
|
27.8
|
0.25
|
0.013
|
0.003
|
0.005
|
0.31
|
7.15
|
0.02
|
|
CR21-139
|
46.5
|
465.5
|
419.0
|
240.3
|
0.25
|
0.014
|
0.021
|
0.014
|
0.62
|
7.38
|
0.04
|
|
including
|
46.5
|
208.0
|
161.5
|
92.6
|
0.27
|
0.014
|
0.014
|
0.008
|
0.58
|
7.43
|
0.05
|
|
CR21-141
|
46.5
|
586.5
|
540.0
|
309.7
|
0.22
|
0.012
|
0.003
|
0.005
|
0.51
|
6.79
|
0.04
|
|
including
|
46.5
|
218.5
|
172.0
|
98.7
|
0.25
|
0.012
|
0.004
|
0.005
|
0.61
|
6.30
|
0.05
|
|
CR21-144
|
60.0
|
369.0
|
309.0
|
130.6
|
0.29
|
0.015
|
0.034
|
0.011
|
0.38
|
7.14
|
0.10
|
|
including
|
152.5
|
369.0
|
216.5
|
91.5
|
0.33
|
0.015
|
0.026
|
0.010
|
0.30
|
7.26
|
0.12
|
|
including
|
152.5
|
222.0
|
69.5
|
29.4
|
0.43
|
0.016
|
0.040
|
0.012
|
0.31
|
7.31
|
0.15
|
|
CR21-145
|
82.0
|
667.5
|
585.5
|
335.8
|
0.21
|
0.013
|
0.009
|
0.010
|
0.59
|
7.29
|
0.06
|
|
CR21-148
|
49.0
|
505.0
|
456.0
|
261.6
|
0.25
|
0.014
|
0.015
|
0.014
|
0.57
|
7.42
|
0.04
|
|
including
|
328.0
|
396.0
|
68.0
|
39.0
|
0.31
|
0.014
|
0.061
|
0.035
|
0.38
|
7.53
|
0.06
|
|
and
|
482.5
|
502.0
|
19.5
|
11.2
|
0.33
|
0.014
|
0.015
|
0.009
|
0.76
|
7.81
|
0.05
|
|
and
|
373.0
|
391.0
|
18.0
|
10.3
|
0.42
|
0.015
|
0.018
|
0.010
|
0.37
|
7.49
|
0.13
|
|
CR21-152
|
63.9
|
535.5
|
471.6
|
270.5
|
0.24
|
0.012
|
0.006
|
0.005
|
0.57
|
7.04
|
0.05
|
|
including
|
262.5
|
477.0
|
214.5
|
123.0
|
0.28
|
0.013
|
0.009
|
0.005
|
0.69
|
7.31
|
0.04
|
|
CR21-155
|
46.0
|
579.0
|
533.0
|
250.2
|
0.28
|
0.011
|
0.016
|
0.007
|
0.61
|
6.60
|
0.06
|
|
including
|
198.0
|
483.0
|
285.0
|
133.8
|
0.32
|
0.011
|
0.021
|
0.007
|
0.60
|
6.83
|
0.07
|
|
including
|
447.0
|
481.5
|
34.5
|
16.2
|
0.37
|
0.012
|
0.034
|
0.011
|
0.71
|
5.83
|
0.20
|
|
CR21-157
|
45.5
|
549.0
|
503.5
|
288.8
|
0.22
|
0.013
|
0.006
|
0.012
|
0.54
|
6.97
|
0.02
|
|
including
|
475.0
|
549.0
|
74.0
|
42.4
|
0.27
|
0.014
|
0.016
|
0.022
|
0.32
|
6.92
|
0.02
|
|
CR21-159
|
30.2
|
366.0
|
335.8
|
192.6
|
0.27
|
0.013
|
0.015
|
0.009
|
0.62
|
6.27
|
0.06
|
|
including
|
81.0
|
187.5
|
106.5
|
61.1
|
0.34
|
0.013
|
0.027
|
0.011
|
0.73
|
5.25
|
0.14
|
|
including
|
90.0
|
135.0
|
45.0
|
25.8
|
0.39
|
0.014
|
0.037
|
0.013
|
0.76
|
4.33
|
0.22
|
|
including
|
94.5
|
123.0
|
28.5
|
16.3
|
0.41
|
0.014
|
0.040
|
0.014
|
0.75
|
4.30
|
0.25
|
|
CR21-162
|
25.5
|
396.0
|
370.5
|
95.9
|
0.29
|
0.013
|
0.022
|
0.014
|
0.64
|
6.54
|
0.07
|
|
including
|
112.5
|
274.5
|
162.0
|
41.9
|
0.33
|
0.013
|
0.033
|
0.011
|
0.58
|
6.47
|
0.05
|
PGM Zone
PGM mineralization continued to be targeted with five additional
holes. These results confirm the association of a PGM zone along
the boundary of a gravity high structure which has a circumference
of approximately 9.7 kilometres and borders the nickel
mineralization in the Main and East Zones. Grades and true widths
are consistent with previously reported drilling. Higher grade
intervals, such as 2.8 g/t PGM over 1.5 metres (true width) in
CR21-133 occur in some holes and lower grade intervals, such as 0.9
g/t PGM over 2 metres (true width) in CR21-134A occur in other
holes, but the PGM Zone appears to be largely continuous. The PGM
Zone will be more intensively targeted with a drill program during
2022.
Figure 3: Plan View of PGM Zone – Drill Results Overlain on
Gravity Vertical Gradient, Crawford Nickel Sulphide Project,
Ontario.
Table 3: PGM Zone Infill Drilling Results, Crawford
Nickel Sulphide Project, Ontario.
|
Hole
ID
|
From
|
To
|
Length
|
Est.
True
|
Pd +
Pt
|
Pd
|
Pt
|
Ni
|
Co
|
Cr
|
Fe
|
S
|
|
(m)
|
(m)
|
(m)
|
Width
(m)
|
(g/t)
|
(g/t)
|
(g/t)
|
(%)
|
(%)
|
(%)
|
(%)
|
(%)
|
|
CR21-124
|
499.5
|
505.5
|
6.0
|
3.9
|
1.5
|
0.547
|
0.950
|
0.05
|
0.012
|
0.54
|
7.44
|
0.02
|
|
including
|
532.6
|
544.0
|
11.4
|
7.3
|
1.4
|
0.706
|
0.706
|
0.02
|
0.006
|
0.46
|
6.04
|
0.03
|
|
including
|
537.0
|
540.0
|
3.0
|
1.9
|
2.5
|
1.305
|
1.240
|
0.02
|
0.006
|
0.45
|
6.25
|
0.01
|
|
and
|
550.9
|
553.1
|
2.2
|
1.4
|
2.3
|
1.096
|
1.190
|
0.03
|
0.007
|
0.44
|
5.81
|
0.03
|
|
CR21-129A
(partial)
|
373.5
|
381.0
|
7.5
|
4.8
|
1.3
|
0.621
|
0.660
|
0.03
|
0.009
|
0.39
|
5.81
|
0.07
|
|
including
|
375.0
|
378.0
|
3.0
|
1.9
|
2.5
|
1.240
|
1.280
|
0.02
|
0.008
|
0.32
|
5.48
|
0.00
|
|
CR21-131
|
355.5
|
358.5
|
3.0
|
1.3
|
0.9
|
0.463
|
0.480
|
0.02
|
0.007
|
0.38
|
5.64
|
0.05
|
|
CR21-133
|
345.0
|
355.5
|
10.5
|
5.3
|
1.4
|
0.673
|
0.693
|
0.02
|
0.007
|
0.32
|
5.81
|
0.12
|
|
including
|
349.5
|
352.5
|
3.0
|
1.5
|
2.8
|
1.395
|
1.375
|
0.02
|
0.007
|
0.28
|
5.91
|
0.10
|
|
CR21-134A
|
342.0
|
348.0
|
6.0
|
3.0
|
1.3
|
0.599
|
0.685
|
0.02
|
0.007
|
0.34
|
5.60
|
0.06
|
|
including
|
345.0
|
346.5
|
1.5
|
0.8
|
2.4
|
1.100
|
1.270
|
0.03
|
0.007
|
0.40
|
5.76
|
0.05
|
|
and
|
379.5
|
383.5
|
4.0
|
2.0
|
0.9
|
0.384
|
0.501
|
0.05
|
0.012
|
0.36
|
7.00
|
0.03
|
Table 4: Drill Hole Orientation
|
Hole
ID
|
Easting
|
Northing
|
Azimuth
|
Collar
Dip
|
Length
|
|
(mE)
|
(mN)
|
(⁰)
|
(⁰)
|
(m)
|
|
CR21-110
|
472,338
|
5,409,413
|
225
|
-50
|
369.0
|
|
CR21-115
|
472,590
|
5,409,191
|
225
|
-50
|
361.5
|
|
CR21-119
|
474,299
|
5,409,995
|
180
|
-60
|
439.3
|
|
CR21-120
|
472,135
|
5,410,036
|
270
|
-50
|
336.0
|
|
CR21-122
|
472,088
|
5,410,242
|
270
|
-50
|
458.7
|
|
CR21-123
|
474,503
|
5,409,983
|
180
|
-60
|
485.0
|
|
CR21-124
|
472,040
|
5,410,238
|
90
|
-50
|
515.0
|
|
CR21-125
|
474,605
|
5,409,699
|
360
|
-60
|
303.6
|
|
CR21-126A
|
472,021
|
5,410,135
|
270
|
-55
|
507.0
|
|
CR21-127
|
474,402
|
5,409,726
|
360
|
-50
|
213.0
|
|
CR21-128
|
472,036
|
5,410,035
|
270
|
-50
|
508.1
|
|
CR21-129A
|
474,201
|
5,409,753
|
360
|
-50
|
335.0
|
|
CR21-130
|
472,059
|
5,409,953
|
270
|
-50
|
525.2
|
|
CR21-131
|
474,000
|
5,409,818
|
5
|
-65
|
307.5
|
|
CR21-132
|
472,292
|
5,409,489
|
225
|
-50
|
422.0
|
|
CR21-133
|
473,910
|
5,409,793
|
355
|
-60
|
372.0
|
|
CR21-134A
|
473,804
|
5,409,799
|
5
|
-60
|
261.0
|
|
CR21-135
|
472,459
|
5,409,432
|
225
|
-50
|
497.0
|
|
CR21-136
|
473,617
|
5,409,780
|
355
|
-55
|
289.5
|
|
CR21-137
|
472,468
|
5,409,293
|
225
|
-55
|
407.0
|
|
CR21-138
|
473,359
|
5,409,778
|
360
|
-60
|
288.5
|
|
CR21-139
|
472,128
|
5,409,631
|
235
|
-55
|
419.0
|
|
CR21-141
|
472,115
|
5,409,616
|
60
|
-55
|
540.0
|
|
CR21-143
|
473,502
|
5,410,014
|
180
|
-50
|
450.6
|
|
CR21-144
|
472,054
|
5,409,463
|
60
|
-65
|
309.0
|
|
CR21-145
|
472,051
|
5,409,462
|
235
|
-55
|
585.5
|
|
CR21-147
|
473,972
|
5,409,987
|
185
|
-50
|
285.9
|
|
CR21-148
|
472,087
|
5,409,312
|
50
|
-55
|
456.0
|
|
CR21-149
|
473,854
|
5,409,880
|
178
|
-87
|
441.5
|
|
CR21-152
|
472,419
|
5,409,658
|
235
|
-55
|
471.6
|
|
CR21-153
|
473,763
|
5,409,807
|
360
|
-86
|
584.0
|
|
CR21-155
|
472,834
|
5,408,829
|
35
|
-62
|
533.0
|
|
CR21-156
|
473,670
|
5,409,809
|
0
|
-86
|
573.8
|
|
CR21-157
|
472,291
|
5,409,057
|
45
|
-55
|
503.5
|
|
CR21-159
|
473,002
|
5,408,960
|
215
|
-55
|
335.8
|
|
CR21-160
|
474,397
|
5,409,939
|
180
|
-70
|
518.3
|
|
CR21-162
|
473,002
|
5,408,961
|
215
|
-75
|
370.5
|
|
CR21-165
|
473,801
|
5,409,899
|
180
|
-85.5
|
518.8
|
|
CR21-165A
|
473,801
|
5,409,897
|
185
|
-84
|
690.0
|
|
CR22-198
|
473,559
|
5,408,735
|
205
|
-75
|
1,009.0
|
Corporate Update
The Company also announced today that it has issued stock
options and RSUs to executives, employees and directors under its
equity incentive plans. A total of 1,040,000 stock options were
issued at an exercise price of $3.14
per share vesting over a three-year period and 925,362 RSUs were
issued vesting over a one-year period. The options expire five
years from the date of grant.
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.
Assays, Quality Assurance/Quality Control and Drilling and
Assay
Edwin Escarraga, MSc, P.Geo., a
"qualified person" as defined by NI 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. A set of Samples are transported in secured bags
directly from the Canada Nickel core shack to Actlabs Timmins, the
other set of samples are securely shipped to SGS Lakefield. Both
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 17 other elements are
performed using a peroxide fusion and ICP-OES analysis. Certified
standards and blanks are inserted at a rate of 3 QA/QC samples per
20 core samples making a batch of 60 samples that are submitted for
analysis.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP
Exploration of Canada Nickel and a "qualified person" as such term
is defined by National Instrument 43-101, has verified the data
disclosed in this news release, and has otherwise reviewed and
approved the technical information in this news release on behalf
of Canada Nickel Company Inc.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-sulphide projects to deliver nickel required to feed
the high growth electric vehicle and stainless steel markets.
Canada Nickel Company has applied in multiple jurisdictions to
trademark the terms NetZero NickelTM, NetZero
CobaltTM, NetZero IronTM and is pursuing the
development of processes to allow the production of net zero carbon
nickel, cobalt, and iron products. Canada Nickel provides
investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100%
owned flagship Crawford Nickel-Cobalt Sulphide Project in
the heart of the prolific
Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
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 results relating to the Crawford
Nickel Sulphide Project, the potential of the Crawford Nickel
Sulphide Project, 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 a number of 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 as a result of new information, future events or otherwise,
except as required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/canada-nickel-completes-current-phase-of-crawford-drilling-announces-highest-grade-interval-to-date-301516309.html
SOURCE Canada Nickel Company Inc.