Wednesday, July 2, 2025

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.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

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,...

Wednesday, August 23, 2023, 08:50:33 AM

Canada Nickel Claims New Nickel Discovery Based On Preliminary Results

Canada Nickel (TSXV: CNC) is declaring that it has made a new discovery at its...

Thursday, April 13, 2023, 08:43:58 AM

Canada Nickel Hits 356.9 Metres Of 0.22% Nickel, Confirming New Discovery At Mann

Canada Nickel (TSXV: CNC) has confirmed this morning a new discovery at its Mann Property....

Thursday, February 22, 2024, 08:23:26 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

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