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Canada Nickel changes NI 43-101 filing for Crawford nickel project

Jan 18, 2021

Canada Nickel Company Inc. has announced the filing on SEDAR of an amended and restated independent National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") entitled: "Independent Technical Report and Mineral Resource Estimates Crawford Nickel-Cobalt Sulphide Project: Main Zone (Update) and East Zone (Initial) Deposits" prepared by Scott Jobin-Bevans (Ph.D., PMP, P.Geo.), John Siriunas (M.A.Sc., P.Eng.) and David Penswick (P.Eng.) (the "Amended Technical Report"). 

The Amended Technical Report can be found under the Company's profile at www.sedar.com. The Amended Technical Report has been filed further to a review by staff of the Ontario Securities Commission (the "OSC"). The OSC review is now complete.

The Amended Technical Report includes a conceptual pit envelope constraint in order to demonstrate reasonable prospects for eventual economic extraction and updated mineral resource tables. Prior mineral resource estimates, as previously disclosed in the December 4, 2020 Technical Report, were not constrained by conceptual pit envelopes.  The addition of a pit constraint resulted in no change to the Measured & Indicated resource in the Higher Grade Core of the Main Zone, a 1.5 kt reduction in contained nickel in the overall Measured and Indicated resource to 1,690 kt, and a 335 kt reduction in contained nickel from the original Inferred resource to 1,183 kt. 90% of the overall reduction in Inferred resources occurred at depths below 300 metres.

In addition, the gram per tonne (g/t) assay values for Palladium (Pd), Platinum (Pt), and Palladium + Platinum (Pd + Pt) included in Table 10-2 of the Amended Technical Report have been corrected for holes CR19-05 to CR19-13.

Disclosure of explorations targets for the Main Zone Pd + Pt reef, two East Zone Pd + Pt reefs and the East Zone nickel domains was also revised to comply with subsection 2.3(2) of NI 43-101.

Table Canada Nickel

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