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Canada Nickel Drills 0.42% nickel over 306 metres, Infill Drilling Highlights Potential of Higher-Grade at Crawford Nickel-Cobalt-Palladium Project

Jun 23, 2020

Canada Nickel Company Inc. has announced initial results from infill drilling on the Main Zone at its Crawford Nickel-Cobalt Sulphide project.

"This is an outstanding result from the first hole in our infill drilling program, which has delivered grades across the entire core length nearly one-third higher than our average high grade core resource of 0.31% nickel. These early results highlight the potential of the higher-grade core in our Main Zone," said Mark Selby, Chair and CEO of Canada Nickel. "We expect to deliver a resource update by the end of July for use in our Preliminary Economic Analysis (PEA), expected by year-end."

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.

Main Zone

This phase of drilling on the Main Zone is focused on more clearly defining and upgrading the higher-grade core resource to be developed as part of the Preliminary Economic Assessment expected to be completed by year-end 2020.  This core was previously defined as part of the resource estimate and dips steeply within the ultramafic unit and having a true thickness that varies from 40 to 160 m. The infill drilling consists of 14 holes to date with assays pending and expected to be released over the coming month.  Additional holes will be completed as ground conditions permit.  

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