The estimated true width of this zone has been determined from previous drilling to vary from 40 to 160 m depending on location of the section. *These holes were drilled at a steep angle of -80 degrees almost entirely within the higher-grade core to better determine grade. Table 1 – Nickel Zone – Drilling Results, Crawford Nickel-Cobalt Sulphide Project, Ontario Additional holes will be completed as ground conditions permit. The infill drilling consists of 14 holes to date with assays pending and expected to be released over the coming month. This core was previously defined as part of the resource estimate and dips steeply within the ultramafic unit and having a true thickness that varies from 40 to 160 m. This phase of drilling on the Main Zone is focused on more clearly defining and upgrading the higher-grade core resource to be developed as part of the Preliminary Economic Assessment expected to be completed by year-end 2020. The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.
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“We expect to deliver a resource update by the end of July for use in our Preliminary Economic Analysis (PEA), expected by year-end.”
These early results highlight the potential of the higher-grade core in our Main Zone,” said Mark Selby, Chair and CEO of Canada Nickel. “This is an outstanding result from the first hole in our infill drilling program, which has delivered grades across the entire core length nearly one-third higher than our average high grade core resource of 0.31% nickel. (TSXV:CNC) (“Canada Nickel” or the “Company”) today announced the initial results from infill drilling on the Main Zone at its Crawford Nickel-Cobalt Sulphide project.įigure 1 – Plan View of Main Zone Nickel Resource, Crawford Nickel-Cobalt Sulphide Project, Ontario. Entire hole returned 0.40% nickel, 0.017% cobalt, 0.05 g/t PGM over 361 metres within the steeply dipping higher-grade core which varies in true thickness from 40 to 160 m.Ĭanada Nickel Company Inc.