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Canada Nickel says Crawford resources near Timmins are now double initial estimates

Oct 21, 2020

Canada Nickel Company continues a string of encouraging news releases. The company has announced an updated mineral resource this morning for its 100% owned Crawford Nickel-Cobalt Sulphide Project near Timmins, which more than doubles mineral resources in both Measured and Inferred resource categories. This report includes a resource update for its previously reported Main Zone and an initial resource for its East Zone. 

“This latest drilling phase did an outstanding job of delivering on both of its key objectives – better defining and increasing the Main-Higher Grade Zone and establishing an initial resource in the East Zone," said Mark Selby, Chair and CEO of Canada Nickel. "With a 162% increase in the Measured High Grade Zone nickel content, a 121% increase in total inferred resources, and an initial East Zone resource, this resource update puts us in excellent position for the delivery of a Preliminary Economic Analysis (“PEA”) by year-end.  I look forward to continued drilling results as we explore several highly prospective nickel and PGM targets at Crawford, and to completing the remaining metallurgical and engineering testing for the PEA.  With the recently completed financing, the Company is well-positioned to aggressively advance Crawford towards a Feasibility Study expected by year-end 2021.”

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.  Canada Nickel has launched wholly-owned NetZero Metals Inc.  with the aim to develop zero-carbon production of nickel, cobalt, and iron at the Crawford Project.

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