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Friday, May 20, 2022

Nw: Canada Nickel experiences original nickel discovery at Reid, Ontario

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Canada Nickel Firm Inc.has made a brand original nickel discovery at its Reid property, northeast Ontario, where two drill holes had been done as portion of its regional exploration program. Drilling has commenced at Reid, besides the firm’s Deloro and Reaume properties, and assays from earlier drilling at Nesbitt had been bought.

Designate Selby, Chair and CEO, acknowledged, “Our regional exploration program intended to specialize in the chance of more than one Crawford-sized discoveries has taken several extensive steps forward. At Reid, a target with a greater footprint than Crawford, our 2d hole intersected dunite all the draw in which thru your total core size and contained an 84-metre interval which turned into visibly mineralized to identical extent as Crawford Bigger Grade Core. We prolonged the invention at Deloro and intersected target mineralization at Reaume – all of which verify the success of our geophysical concentrating on model. We’re extra impressed by these outcomes as they symbolize targets we can without dilemma derive admission to and are no longer our absolute top capacity targets. We set aside aside a query to to have derive admission to to the corpulent target inappropriate thru this year and we are taking a ogle forward to exploring their capacity.”

The Reid property is found lawful 16 km southwest of the 100%-owned Crawford property 42 km north of Timmins, northeast Ontario. The property comprises a sequence of folded ultramafic our bodies that measure 3.3 km north-south by 2.1 km east-west based on the total magnetic intensity (TMI). The firm has done two holes both of which collared in dunite.

Further drilling at Reid postponed unless the spring thaw. Drilling will resume in gradual spring.

The Deloro property is found 8 km south of Timmins and contains an ultramafic target measuring 1.4 km lengthy by 300-500 metres extensive. The firm has now done seven holes at Deloro, all on the northern half of of the intrusion. The main five holes collared in mineralized dunite and stayed essentially in dunite/peridotite. The final two holes (DEL22-06 and DEL22-07) were collared nearer to the west contact to test for the presence of PGM in pyroxenite and for gold which turned into intersected in a ancient hole. Mineralogy done on samples from these holes confirmed that they maintain the same heazlewoodite-pentlandite-awaruite minerals as Crawford.

DEL22-01, collared in the centre of the ultramafic target and drilled in direction of the west contact, intersected mineralized dunite (in conjunction with some narrow dykes) beginning at 1.8 metres downhole. Holes DEL22-03, DEL22-04 and DEL 22-05 all intersected thick dunite sequences with some peridotite. DEL22-06 and DEL22-07 intersected dunite followed by pyroxenite and then gabbro. Drilling will resume later this spring.

The Nesbitt nickel property is found lawful 9 km north-northwest of Canada Nickel’s Crawford nickel sulphide property on patented mining claims bought from Noble Mineral Exploration. The property entails two ultramafic sills that strike east-west, the greater sill being 3.7 km lengthy. Customary estimates suggested a width of 100 to 300 metres. Preliminary drill outcomes were beforehand announced for NES21-01 and NES21-02 and NES21-03.

NES21-06 turned into drilled in the northern sill and intersected lower-grade mineralization encountering 483.8 metres of 0.17% nickel internal a peridotite sill containing minor dunite. NES21-01 returned 131.5 metres (84.5 metres TW) of 0.23% nickel and 0.01% cobalt. Including 34.5 metres (22.2 metres TW) of 0.25% nickel and 0.011% cobalt. Nes21-02 returned 296.5 metres (190.6 metres TW) of 0.23% nickel and 0.01% cobalt. The different holes returned identical mineralization, in conjunction with minor credit in palladium, platinum and chromium. Refer to customary firm press release for total assays.

The Reaume property 19 km northwest of Crawford, contains an ultramafic target of roughly 3 km (east-west) by 1.8 km (north-south) as outlined by its magnetic footprint and ancient drilling.

Canada Nickel has drilled three holes at Reaume into the ultramafic intrusion, all three of which intersected dunite/peridotite. REU22-01 intersected 410.6 metres of serpentinized peridotite, dunite and modified dunite below 9.4 metres of overburden. REU22-02 intersected 242.5 metres of serpentinized peridotite below 4.5 metres of overburden. REU22-03 intersected a sequence of ultramafic rocks in conjunction with peridotite, pyroxenite and gabbro thru what is taken into yarn the upper portion of the intrusion, now and again where the PGM zone is found. Drilling will resume later this year.

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