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Canada Nickel lab results delayed - 3rd drill arrives at Crawford

Dec 2, 2020

"We continue to advance Crawford aggressively on multiple fronts towards completion of the Preliminary Economic Analysis ("PEA") and unlocking its exploration potential," said Mark Selby, Chair and CEO of Canada Nickel.

"Our metallurgy program continues to deliver results that are in line with or exceeding our expectations. While we had expected to release the results of some locked cycle tests today, some lab changes that were made in order to simplify executing this specific set of tests had an unintended impact and require the tests to be re-run. Based on lab availability and timing, these results are expected to be available by the end of December."

A third drill rig has arrived at the Crawford Project site to begin exploration drilling on a fourth target structure: the "North" anomaly.  This anomaly possesses a similar coincident geophysics signature to the Main Zone.  It is approximately 1 kilometre long by 300 metres wide and is located adjacent to Highway 655 approximately 3 kilometres north of the Main Zone.  The other two drill rigs continue to explore the recently announced West Zone discovery, extensions of the Higher Grade Core of the Main Zone, infill and extensions to the East Zone, and extensions to the PGM Zone.  Assay results have slowed with the overall level of exploration activity in the Timmins region, but will be released as they become available.

The Company will run three drill rigs through the winter to continue exploring the existing targets at Crawford and begin drilling targets identified through the recently completed airborne geophysics program.  Two significant targets with coincident magnetic and gravity anomalies have already been identified and additional targets are expected to be generated once the interpretation is completed later this month.  More specific details will be provided on these targets before 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.

About Canada Nickel Company 

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets.  Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions.  Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp.

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