Saturday, July 12, 2025

Latest

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, found 36 kilometres to the south of Timmins, Ontario. The results are said to confirm high grade nickel mineralization at the property.

A total of twelve drill holes saw results released last night after the closing bell, nine of which are said to have had intervals of greater than 1% nickel. Drilling confirmed nickel mineralization exists over 400 metres of strike, with mineralization remaining open at depth and to the north.

Highlights from the results include:

  • TEX22-02: 0.55% nickel over 45.7 metres, including 1.08% nickel over 6.0 metres
  • TEX22-03: 0.50% nickel over 91.5 metres, including 1.22% nickel over 21.0 metres, including 2.60% nickel over 5.2 metres
  • TEX22-04: 0.56% nickel over 34.2 metres, including 0.99% nickel over 4.4 metres
  • TEX22-06: 0.77% nickel over 28.5 metres, including 1.45% nickel over 12.0 metres
  • TEX22-11: 0.57% nickel over 46.5 metres, including 1.06% nickel over 15.0 metres

The results released last night total 3,204 metres of drilling. In total, the program consisted of 39 drill holes, 34 of which were focused on targeting known mineralization, while the remainder targeted a northern extension that may exist. Data from this program is set to be combined with the data from just under 29,000 metres of drilling conducted in the mid-2000’s by Fletcher Nickel to establish an initial mineral resource estimate.

That estimate is slated to be released later this year.

READ: Canada Nickel Sees Anglo American Take 9.9% Stake As Part Of Offtake Deal

“We are excited by the results of our initial phase of drilling and assay results at Texmont which confirm our thesis of near-surface, high grade intervals of nickel that is present within thick mineralized sections, which support the potential for near-term, smaller scale, open pit production,” commented Canada Nickel CEO Mark Selby.

Canada Nickel last traded at $1.68 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Canada Nickel Intersects 0.29% Nickel Over 394 Metres At Midlothian

The latest results are in for Canada Nickel’s (TSXV: CNC) exploration work conducted at the...

Tuesday, July 11, 2023, 08:54:14 AM

Canada Nickel Publishes Maiden Resource At Reid Nickel Sulphide Project

Canada Nickel Company (TSXV: CNC) has released an initial resource estimate for its Reid Nickel...

Monday, December 23, 2024, 08:16:51 AM

Canada Nickel Company Reports Nickel Recovery Of 46% And 51% At Crawford Project

Canada Nickel Company (TSXV: CNC) this morning released to the market metallurgical test results for...

Wednesday, December 23, 2020, 07:40:20 AM

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 Hits 675 Metres Of 0.25% Nickel At Reid

The first results are in from the 2024 drill program being conducted by Canada Nickel...

Monday, March 18, 2024, 08:18:33 AM