Canada Nickel identifies multiple nickel targets on recently acquired option properties

Canada Nickel Company Inc. has announced that after reviewing historical drilling and geological information, it has identified multiple nickel targets in Timmins with large scale potential on option properties that were acquired in May 2020.

"This initial review highlights the nickel-cobalt sulphide potential of the overall land package we have assembled in addition to our Crawford project: seven different structures ranging in size from 2.2 kilometres long by 375-600 metres wide (Kingsmill), and 8 kilometres long by 200-500 metres wide (Mahaffy-Aubin), and each structure yielding historical drill intersections indicating that the geophysical targets identified are nickel bearing," said Mark Selby, Chair and CEO of Canada Nickel. "We have already defined a large resource, yet we believe we are just scratching the surface of the nickel-cobalt sulphide potential of the property.  Even with our upcoming resource update, we still have more than half of Crawford left to explore in addition to all of these new properties, which we will evaluate further once we complete the geological work necessary to deliver our Preliminary Economic Analysis (PEA) by year-end."  

The company says seven separate nickel-bearing target structures with more than 30 kilometres of total strike length ranging from 150 to 600 metres wide have been identified.

The Crawford Nickel-Cobalt Sulphide Project is on Highway 655 in the heart of the Timmins mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.

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