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Canada Nickel Announces Higher Grade Core Extendedat Crawford Nickel-Cobalt Sulphide Project

Jan 14, 2021

“We are excited to be kicking off the 2021 new year with encouraging assay results from our follow up drilling program. The wide higher-grade intersection from the West Zone has the potential to extend the Higher Grade Core of nickel and cobalt sulphides of the Main Zone by 45% or 850 metres to the northwest. Only seven other holes across entire property have intersected greater true widths of 0.30%+nickel. Additionally, the two other West Zone holes reported today have defined a very wide one kilometre of large, low grade mineralization coincident with the large gravity anomaly on the western part of the West Zone. I look forward to the continued results from both the higher grade and lower grade zones as additional assays become available,” said Mark Selby, Chair and CEO of Canada Nickel.

Canada Nickel Company Inc. today announced encouraging results from the latest drill holes at its Crawford Nickel-Cobalt Sulphide project from its West Zone discovery previous announced on October 22, 2020.

“Additionally, we are expecting assay results from follow-up holes on the previously reported PGM results from hole CR20-32 and further results from the drilling currently underway on prospective geophysical nickel targets across several kilometres of the Crawford structure.”

The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.

West Zone Drill Results – Higher Grade Zone

Drilling on the West Zone was guided by the geophysical signature of low gravity gradient of serpentinized dunite and has continued to intersect consistent nickel mineralization similar to that in the resource areas in the Main and East Zones.

Notably, hole CR20-74 intersected 0.30% nickel over core length of 308 metres (estimated true width of 198 metres) starting at 196 metres downhole, including 0.41% nickel over core length of 13 metres at 271.5 metres downhole, and ended with 0.32% nickel over core length of 36 metres. The entire hole CR20-74 returned 0.28% nickel over core length of 453 metres - 850 northwest of current end of Higher Grade Core of Main Zone mineralization. Hole CR20-77 intersected 0.32% nickel over 90 metres starting at 144 metres downhole, including 0.41% nickel over core length of 12 metres starting at 177 metres downhole, and extends the Main Zone higher grade core by 100 metres to the west.

West Zone Drilling Results – Lower Grade Zone

Complete assays from the first two holes in the western part of the West Zone confirm wide, lower grade mineralization more than 800 metres wide. Hole 20-69 returned 0.16% nickel over entire core length of 456 metres including 177 metres of 0.21% nickel. Hole 20-70 returned 0.17% nickel over entire core length of 495 metres including 41 metres of 0.21% nickel.

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