Sunday, June 1, 2025

Latest

Canada Nickel Releases Final Drill Results For Texmont, Hitting 1.06% Nickel Over 12 Metres

The final results from a winter drill program conducted by Canada Nickel (TSXV: CNC) were released this morning. The results come from a 39-hole drill program conducted at its Texmont Project.

Highlights from the results include:

  • TXT23-24: 0.71% nickel, 0.08 g/t palladium and platinum over 21.0 metres
  • TXT23-30: 0.83% nickel, 0.13 g/t palladium and platinum over 19.5 metres
  • TXT23-35: 0.72% nickel, 0.09 g/t palladium and platinum over 25.5 metres
  • TXT23-36: 1.06% nickel, 0.14 g/t palladium and platinum over 12.0 metres
  • TXT23-39: 0.83% nickel, 0.13 g/t palladium and platinum over 15.0 metres

Data was released on a total of eleven holes this morning, with the results said to confirm current interpretations of the Texmont deposit. The deposit is believed to contain a higher-grade core with over 1.0% nickel ranging between two to eight metres thick, which is then surround by 0.6% to 1.0% nickel that is 12 to 25 metres thick. Lower grade mineralization then exists outside this range, with nickel values of 0.25% to 0.6% being present for widths of up to 150 metres.

READ: Canada Nickel Intersects 0.5% Nickel Over 91 Metres At Texmont

“This latest set of assay results reinforce our thesis of near-surface high-grade intervals within thick mineralized sections which support the potential for near-term, smaller scale, open pit production. We look forward to delivering an initial resource and Preliminary Economic Analysis on Texmont this year as its near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project potential,” commented CEO Mark Selby.

An initial resource is expected to be assembled based on 28,900 metres of drilling conducted historically on the project, along with the 9,700 metres of drilling conducted in the 2022-2023 season. A preliminary economic assessment will then follow, which is slated to be released by years end.

Canada Nickel last traded at $1.29 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.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

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 Reports After-Tax NPV Of $1.2 Billion At $7.75 Per Pound Nickel For Crawford

Canada Nickel Company (TSXV: CNC) this morning finally released its much-anticipated preliminary economic assessment for...

Tuesday, May 25, 2021, 07:42:27 AM

Canada Nickel Expands Resource To 3.5 Million Tonnes Contained Nickel

Canada Nickel Company (TSXV: CNC) has finally completed an updated mineral resource estimate for its...

Wednesday, July 6, 2022, 08:49:30 AM

Canada Nickel Files Impact Statement For Crawford Nickel Project

Canada Nickel (TSXV: CNC) has continued to advance its Crawford Nickel Sulphide project towards development....

Tuesday, November 26, 2024, 08:32:17 AM

Canada Nickel Sees Export Development Canada Express Interest For Debt Financing

Canada Nickel Company (TSXV: CNC) is one step closer to securing debt financing for the...

Friday, September 6, 2024, 08:41:20 AM