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Canada Nickel Announces Discovery of Higher Grade Core at Crawford East Zone

Oct 26, 2021

“The East Zone is becoming a significant resource," said Mark Selby, Chair and Chief Executive Officer. 

Canada Nickel Company Inc. has announced results from the infill drilling program at its Crawford Nickel-Sulphide Project, which included the discovery of a higher-grade core in the East Zone. The East Zone has now been successfully tested for 2.1 km of its overall 3.2 km interpreted strike length. 

"The most recent infill and expansion drilling at the Crawford East Zone continues to confirm our target of increasing the East Zone resource by 2-3x and the identification of an extensive Higher Grade Core, similar to the Main Zone, has been an exciting development. This East Zone core has yielded intervals of both high-grade nickel and PGMs and the latest two holes (CR21-142A, CR21-165A), which were drilled to test this higher-grade mineralization at depth, remained in higher grade mineralization to the end of each hole at 624 and 735 metres deep respectively – more than 100 metres below the current resource. I look forward to the resource update on the Main, East, and North zones next year to support the feasibility study expected to be delivered later in 2022.”

Crawford East Zone

In the East Zone, an additional 6 holes have assays reported, a further 22 holes have been drilled with assays pending. Infill drilling is expected to continue for the balance of the current year to contribute to the resource update next year that will support the feasibility study. Infill drilling, deeper drilling, and drilling beyond the resource outline along strike have all demonstrated continuity for a distance of 2.1 kilometres.

The Higher Grade Core was identified during a drill program intended to expand the current resource and was present in previous holes (CR20-28, CR19-31, CR20-33, CR20-34, CR20-35, CR20-36, CR20-37, CR20-39, CR21-112) but was thought to be discontinuous. Additional drilling is consistent with the Company’s belief that this core is more continuous and centered along the East Zone, much like the higher-grade core of the Main Zone. This Higher-Grade Core remains open at depth and along strike.

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