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North American Nickel Inc.
Summary
| Project: | Maniitsoq | |
|---|---|---|
| Deposit: | P-013 SE | |
| Location: | Greenland | |
| Commodities: | Nickel-Copper-Cobalt-PGM-Sulphur-Gold | |
| Date: | 10/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2016: North American Nickel Inc. announces an Exploration/Drilling Update report for its P-013 SE deposit at the Maniitsoq project. Results incl. 38.75m @ 1.19%Ni, 0.43% Cu, 0.03% Co, 0.08g/t Pt, 0.06g/t Pd, 0.009g/t Au. Vancouver, British Columbia, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Patricia Tirschmann (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, October 26, 2016 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the "Company" or “NAN”) is pleased to report that assays have been received from 2016 drill holes completed in the P-013 area and at selected regional exploration targets on their 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland. The Company has now reported results for approximately one third of the 2016 drilling program. At the P-013 SE target, a new zone of norite-hosted nickel-copper sulphide mineralization was discovered while testing a borehole electromagnetic (BHEM) anomaly. The upper portion of this zone was intersected near the upper edge of the BHEM plate at 166.9 metres down hole and consists of high grade remobilized sulphides. NAN CEO, Keith Morrison, commented: “This new discovery of high grade nickel sulphides P-013 SE is a direct result of committed and on-going data evaluation and demonstrates the continued success of drill hole targeting based on BHEM in an area of very limited surface outcrop. These results indicate the potential for multiple sulphide lenses in the general P-013 area and are a further indication of the camp scale potential at Maniitsoq.” This release summarizes the results for five holes and one hole extension totalling 1,213 metres which tested targets in the P-013 area as well as three regional exploration targets (P-049, P-141 and P-142; see Figure 1). Drill collar information and a summary of assays are provided in Tables 1 and 2, respectively. Figures may be viewed using the link provided with this release. During the 2016 exploration program, 30 drill holes and on two hole extensions totalling 9,596 metres were completed. Assay results have now been reported for 11 holes and one hole extension totaling 3,243 metres including those reported herein. | |
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