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North American Nickel Announces Loveland Nickel Exploration Program Underway

Apr 7, 2020

North American Nickel Inc. (TSXV: NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) (the "Company" or "NAN") is pleased to announce details of its 2020 exploration and drill program on the Loveland Nickel property ("Loveland") located 30km northwest of Timmins, Ontario. The property is 23.6 km2 in size and has year-round access.

The 2020 work program will include:

A 3-hole program for 1,085m of diamond drilling, with borehole electromagnetic (BHEM) surveys to evaluate new and untested conductors identified in 2017.

The Loveland Nickel Property is underlain by a mineralized differentiated mafic-ultramafic intrusion that hosts the historic non 43-101 compliant Enid Creek historic resource estimate (Figure 1). The Enid Creek mineralization consists of two zones. The upper disseminated zone has a strike length of 250m with a calculated resource of 518,000 short tons at 0.41% Ni, 0.42% Cu, and 0.4 g/t Pd. The lower zone lies at the base of the intrusion and has a strike length of 600m with a calculated resource of 574,000 short tons at 0.65% Ni, 0.15% Cu and 0.3 g/t Pd (Ontario Geological Survey MRD100, March 2002).

The reader is cautioned that the above referenced "historic resource estimate" is historical in nature and based on prior data and reports prepared by previous property owners and published by the Ontario Geological Survey in March 2002. NAN notes that most of the historic drill core intervals from the 1960's were not routinely analyzed for precious metals (Au, Pt, and Pd). A recent review of assays from historic drill core sampled by the Ministry of Northern Development and Mines in Ontario documents 2.13% Ni, 0.19% Cu, 0.32 ppm Pt and 2.06 ppm Pd, indicating the potential for appreciable precious metal credits in the mineralization. NAN believes this historic data and the limited record of analysis indicates further work on the property is warranted and supports the contention that the historic work can be relied upon. The historic resources estimate does not use resource categories compliant with 43-101. However, NAN believes that their upcoming program will provide a basis for 43-101 compliant drill results and, if further drilling is justified from those results, a basis for further work that will give rise to a resource report on the property. A Qualified Person has not done sufficient work to qualify the historic estimate as a current resource or current reserve. NAN is not treating the historic estimate as current mineral resources or mineral reserves.

New interpretation work by NAN on a VTEMMAX survey completed in 2017 has identified additional untested conductive targets. One of the targets has a 950m strike length and is located southeast along strike from the Enid Creek mineralization. Newly identified untested anomalies are located along this conductive trend.

The program will include 1,085m of drilling in three holes targeting high grade mineralization located in an embayment structure at the base of the intrusion. The holes will provide a platform for borehole electromagnetic survey work. All material contracts and personnel are now in place and the project mobilization has commenced. The Company expects to have the drill turning by February 10th. Work contracts have been awarded to NPLH Drilling of Timmins, Ontario and Crone Geophysics and Exploration Ltd., of Mississauga, Ontario.

"Technical Information; Qualified Person" The Company is not aware of any legal, political, environmental or other risks that could materially affect the potential development of the project other than those set out in its annual information form filed on www.sedar.com. Please see below under the heading "Cautionary Statement Regarding Forward-Looking Information" for further details regarding risks facing the Company.

All technical information in this release has been reviewed and approved by Peter C. Lightfoot, Ph.D., P.Geo. (Consulting Chief Geologist), who is the Qualified Person for the Company.

Tags: Northern Ontario / Exploration / Minerals / All Articles