Canada Nickel trumpets successful exploration results from the “Three Giants”
“Our regional exploration program is consistently yielding excellent outcomes with each of the Three Giants delivering strong drilling results," said CEO Mark Selby. "These targets each have a target footprint larger than our flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins Nickel District. We are excited to publish the remaining six resources by mid-2025, bringing the total to eight regional resources and showcasing the vast scale of nickel resources within the District.”
Reid Project
Canada Nickel recently published its initial mineral resource for Reid (see news release dated December 23, 2024).
Following the initial resource estimate, the company continued with an infill drilling campaign in order to upgrade resources to Measured, Indicated, and Inferred categories. Assays from nine additional holes are presented in this release (Table 1, Figure 1).
Drilling continues this winter at Reid where there are now 18 new completed holes with assays pending. These holes continued to intersect long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-52 was drilled near the center of the core anomaly where it intersected targeted higher grade nickel mineralization, confirming the continuity on strike of at least one higher grade horizon that is oriented west-northwest to east-southeast.
The Reid project is located just 16 kilometres southwest of Crawford and contains a geophysical target of 3.9 square kilometres which is nearly 2.4 times larger than Crawford.
Midlothian Property
The Midlothian property is located 70 kilometres south-southeast of Timmins, 25 kilometres west of Matachewan and is directly accessible by road. A total of 16 drillholes have been completed at this property. All 16 holes intersected long intervals of dunite at shallow depths (Figure 2). These holes were drilled on a target measuring 2.7 kilometres long and 0.4 to 0.9 kilometres wide with a target footprint of 1.7 square kilometres (compared to Crawford resource of 1.5 square kilometres). This release contains assay information on the last two completed holes, each of which intersected long intervals of consistently higher-grade mineralization. (see new releases dated April 13, 2023, May 24, 2023, and January 23 2025). Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane and is 80% owned by Canada Nickel and 20% by Noble Mineral Exploration. The target consists of four separate targets, Mann North, Mann West (together formerly Mann Northwest), Mann Central and Mann South. This release provides an assay update from six holes, three holes at Mann West, and three holes at Mann South.
Mann West
Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square kilometres). The drill program completed focused on the southern half of the target with drilling completed over a strike length of 1.7 kilometres and a width of at least 600 metres. All drillholes intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of 40 holes to date at Mann West (Figure 2), with 31 holes drilled during the 2024 program. The company is currently working on an initial resource estimate expected by April 2025. Assays from three holes are presented in this release and a final two holes are awaiting assays.
Mann South
This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and irregular shape, with an overall area of 4.1 square kilometres. The company drilled 20 holes in 2024 and successfully intersected varying degrees of serpentinized peridotite and minor pyroxenite. Peridotite shows anomalous values of PGE in hole MAN24-96. Assays from three holes are presented in this release.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel 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 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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