Canada Nickel Hits 0.23% Nickel Over 348.5 Metres At New Discovery

Canada Nickel (TSXV: CNC) continues to insist that its flagship property, the Crawford Nickel Project, is the smallest in its portfolio, with another discovery now said to outsize the project.

The company has identified that the Mann Northwest project is more than three times the size of Crawford following the receipt of assays, with the strike length of the project now said to be 2,650 metres.

“Mann Northwest has a target footprint more than three times that of Crawford and is one of eleven properties with a target footprint larger than Crawford. Three additional holes extended the strike length of mineralization by more than 1,100 metres to 2,650 metres, and assays from first five holes confirmed grades in line with expectations,” commented CEO Mark Selby.

READ: Canada Nickel Claims New Nickel Discovery Based On Preliminary Results

Mann Northwest is said to have a target footprint of 6.0 square kilometres, with eight drill holes conducted to date intersecting mineralization. The first five holes, for which assays have been returned, identified mineralization along 1,150 metres of strike, at a width of 500 metres. The target is said to remain open in all directions.

Highlights from the results include:

  • MAN23-02: 0.23% nickel over 348.5 metres
  • MAN23-03: 0.23% nickel over 291.5 metres
  • MAN23-05: 0.20% nickel over 366.5 metres

The company currently has the ability to acquire up to an 80% interest in Mann Northwest under an option agreement in place with Noble Minerals.

Canada Nickel last traded at $1.15 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Altamira Gold Encounters Porphyritic Intrusive Rocks In Initial Scout Drilling At Regional Targets

Related News

Canada Nickel Intersects 0.29% Nickel Over 325.5 Metres At Reid Property

Assay results from recent drilling conducted by Canada Nickel (TSXV: CNC) were released this morning....

Thursday, December 1, 2022, 08:25:12 AM

Canada Nickel Company: Strong Nickel Demand Underscores The Value Of Its Properties

On February 25, Tesla’s CEO, Elon Musk, reiterated his concerns about whether Tesla can procure...

Saturday, March 6, 2021, 02:45:00 PM

Spruce Ridge Resources Announces Special Dividend Of Canada Nickel Shares

Spruce Ridge Resources (TSXV: SHL) is looking to provide its shareholders with a dividend. The...

Tuesday, July 27, 2021, 08:15:04 AM

Canada Nickel Begins Front End Engineering Design At Crawford

Canada Nickel Company (TSXV: CNC) is continuing to push ahead with the development of its...

Thursday, April 11, 2024, 08:26:26 AM

Canada Nickel Intersects 0.5% Nickel Over 91 Metres At Texmont

The first results are in for Canada Nickel’s (TSXV: CNC) drilling at its Texmont property,...

Tuesday, March 7, 2023, 08:03:18 AM