Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), has released assay results that an expansion of high grade, near-surface nickel mineralization at the Texmont property located 36 kilometers south of Timmins, Ontario. According to the announcement, the result are from 16 additional holes with assays pending from 11 holes; the company has drilled a total of 39 holes covering 9,696 meters as part of an exploration program to support the development of a resource. Highlights of the result include the confirmation of high-grade near-surface mineralization with nine drillholes showing intersections of higher-grade (above 1% nickel) mineralization. “The latest assay results continue to confirm our thesis of near-surface high grade intervals within thick mineralized sections which support the potential for near-term, smaller scale, open-pit production,” said Canada Nickel Company CEO Mark Selby in the press release. “Of particular note, we are excited by the near-surface higher grade interval in hole TEX23-32 in the northern lens which is nearly half a kilometre from the southern high-grade lens. We have now planned additional drilling at the northern lens. We are looking forward to delivering an initial resource and Preliminary Economic Analysis (“PEA”) on Texmont this year as its near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project potential.”
To view the full release, visit https://ibn.fm/tosr4
About Canada Nickel Company
Canada Nickel 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 Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM) 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. For more information about the company, visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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