Highlights
- Positive results continue at Mann West with 28 of 31 holes with
intervals greater than 0.3% nickel including 0.52% nickel over 37.5
metres in MAN24-61 within 0.28% nickel over 356 metres
- New discovery at Mann South with MAN24-81 delivering 0.24%
nickel over 508 metres
- Several holes with anomalous PGM horizons such as 0.82 g/t
Pt+Pd over 18.6 metres and 0.77 g/t Pt+Pd over 24.5 metres in
MAN24-100C at Mann South
- Over 117,000 metres successfully drilled on 14 properties to
date in 2024 as part of regional exploration program – on-track to
deliver six additional resources in 2025
TORONTO, Dec. 11,
2024 /CNW/ - Canada Nickel Company
Inc. ("Canada Nickel" or the "Company")
(TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional
successful results from its 2024 exploration program from three
separate properties at Mann West, Mann Central, and Mann South.
As part of its ongoing regional exploration program, the Company
has now successfully drilled over 117,000 metres on 14 properties,
including the Mann properties, all located within 100 kilometres of
Timmins, Ontario in the Timmins
Nickel District.
Canada Nickel's CEO Mark Selby said, "Today we announce
another set of excellent results from our 2024 regional exploration
program from three separate targets as we continue to unlock the
potential of the Timmins Nickel District. Today's results confirm
the significance of the discovery of Mann West with strong
mineralization across a strike length of 1.7 kilometres long by 0.6
kilometres wide, and remaining open in multiple direction. The
Company also confirms a prospective new discovery at Mann South
while providing further positive results at Mann Central. We look
forward to publishing six additional resources, in addition to
Crawford and Deloro, from now
through the first half of 2025, clearly demonstrating the scale of
the nickel sulphide potential of the Timmins Nickel District."
Mann Property
The Mann property is located 22 kilometres east of Crawford
between Timmins and Cochrane and is 80% owned by Canada Nickel and
20% by Noble Mineral Exploration. The Company has completed a drill
program on four separate targets within the property in 2024, Mann
North, Mann West (together formerly Mann Northwest), Mann Central
and Mann South. (Figure 1). This release provides an assay update
from 31 holes, 16 holes at Mann West, 11 holes at Mann South, and
four holes at Mann Central.
Mann West
Mann West is approximately 3.5 kilometres long by up to 1.1
kilometres wide (covering 3.4 square kilometres). The drill program
completed focused on the southern half of the target with drilling
completed over a strike length of 1.7 kilometres and a width of at
least 600 metres. All drillholes intersected long sections of
well-serpentinized peridotite and minor dunite with disseminated
and visible nickel sulphide mineralization consisting primarily of
pentlandite and heazlewoodite. The Company has drilled a total of
39 holes to date at Mann West (Figure 2), with 31 holes drilled
during the 2024 program. With this drilling, the Company has
completed the first phase of exploration that is required for an
initial resource estimate, expected in the first quarter of 2025.
Assays from 16 additional holes are presented in this release.
Table 1 – Drilling highlights Mann Properties
|
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)*
|
Ni %
|
Co %
|
Pd
g/t
|
Pt
g/t
|
Cr %
|
Fe %
|
S %
|
|
Mann
West
|
|
MAN24-42
|
9.0
|
345.2
|
336.2
|
0.24
|
0.012
|
0.004
|
0.007
|
0.20
|
6.40
|
0.068
|
|
and
|
371.7
|
402.0
|
30.3
|
0.19
|
0.010
|
0.003
|
0.005
|
0.38
|
6.82
|
0.053
|
|
MAN24-61
|
17.8
|
374.3
|
356.5
|
0.28
|
0.012
|
0.033
|
0.017
|
0.26
|
5.98
|
0.133
|
|
including
|
75.0
|
112.5
|
37.5
|
0.52
|
0.013
|
0.107
|
0.058
|
0.14
|
5.80
|
0.203
|
|
MAN24-70
|
18.0
|
501.0
|
483.0
|
0.24
|
0.011
|
0.007
|
0.008
|
0.27
|
6.12
|
0.067
|
|
including
|
144.0
|
172.5
|
28.5
|
0.29
|
0.011
|
0.007
|
0.007
|
0.14
|
5.52
|
0.076
|
|
MAN24-73
|
74.2
|
500.4
|
426.2
|
0.25
|
0.012
|
0.009
|
0.009
|
0.25
|
6.30
|
0.061
|
|
MAN24-74
|
7.9
|
278.5
|
270.6
|
0.19
|
0.014
|
0.027
|
0.016
|
0.40
|
7.40
|
0.057
|
|
including
|
25.5
|
31.5
|
6.0
|
0.31
|
0.013
|
0.028
|
0.013
|
0.82
|
6.67
|
0.125
|
|
and
|
318.0
|
402.0
|
84.0
|
0.24
|
0.013
|
0.003
|
0.005
|
0.16
|
7.45
|
0.026
|
|
MAN24-76
|
12.6
|
495.0
|
482.4
|
0.26
|
0.011
|
0.011
|
0.010
|
0.16
|
5.95
|
0.042
|
|
including
|
81.0
|
117.0
|
36.0
|
0.29
|
0.012
|
0.036
|
0.014
|
0.16
|
6.11
|
0.089
|
|
and
|
162.0
|
196.5
|
34.5
|
0.31
|
0.011
|
0.010
|
0.012
|
0.13
|
5.24
|
0.024
|
|
MAN24-78
|
19.4
|
402.0
|
382.6
|
0.24
|
0.013
|
0.012
|
0.010
|
0.38
|
6.54
|
0.053
|
|
including
|
261.0
|
294.0
|
33.0
|
0.30
|
0.013
|
0.031
|
0.021
|
0.52
|
6.67
|
0.100
|
|
including
|
274.5
|
282.0
|
7.5
|
0.41
|
0.015
|
0.057
|
0.027
|
0.72
|
6.95
|
0.178
|
|
MAN24-82
|
22.0
|
481.5
|
459.5
|
0.21
|
0.012
|
0.017
|
0.016
|
0.37
|
6.76
|
0.047
|
|
including
|
61.5
|
360.0
|
298.5
|
0.25
|
0.012
|
0.019
|
0.013
|
0.35
|
6.17
|
0.050
|
|
including
|
255.0
|
277.5
|
22.5
|
0.30
|
0.013
|
0.025
|
0.014
|
0.58
|
5.91
|
0.069
|
|
MAN24-83
|
6.0
|
403.0
|
397.0
|
0.21
|
0.013
|
0.016
|
0.011
|
0.58
|
7.43
|
0.087
|
|
including
|
144.0
|
195.9
|
51.9
|
0.27
|
0.014
|
0.030
|
0.024
|
0.68
|
7.87
|
0.064
|
|
and
|
305.5
|
336.0
|
30.5
|
0.27
|
0.013
|
0.019
|
0.009
|
0.60
|
6.30
|
0.080
|
|
MAN24-85
|
69.0
|
493.0
|
424.0
|
0.25
|
0.012
|
0.012
|
0.008
|
0.26
|
6.25
|
0.042
|
|
MAN24-86
|
14.2
|
462.0
|
447.8
|
0.23
|
0.012
|
0.006
|
0.006
|
0.41
|
6.33
|
0.027
|
|
MAN24-89
|
99.0
|
191.2
|
92.2
|
0.22
|
0.012
|
0.013
|
0.009
|
0.47
|
6.71
|
0.042
|
|
and
|
210.6
|
428.9
|
218.3
|
0.24
|
0.012
|
0.009
|
0.008
|
0.35
|
6.31
|
0.053
|
|
including
|
386.0
|
395.0
|
9.0
|
0.35
|
0.013
|
0.054
|
0.020
|
0.75
|
6.45
|
0.120
|
|
MAN24-92
|
27.4
|
426.9
|
399.5
|
0.25
|
0.012
|
0.016
|
0.008
|
0.39
|
6.27
|
0.046
|
|
including
|
267.0
|
286.5
|
19.5
|
0.34
|
0.015
|
0.083
|
0.034
|
0.66
|
6.57
|
0.114
|
|
and
|
324.0
|
349.5
|
25.5
|
0.30
|
0.012
|
0.037
|
0.015
|
0.57
|
6.29
|
0.125
|
|
and
|
433.6
|
501.0
|
67.4
|
0.20
|
0.013
|
0.013
|
0.021
|
0.50
|
7.35
|
0.047
|
|
MAN24-93
|
18.0
|
391.0
|
373.0
|
0.24
|
0.012
|
0.009
|
0.007
|
0.34
|
6.43
|
0.039
|
|
and
|
406.8
|
470.0
|
63.2
|
0.16
|
0.011
|
0.005
|
0.004
|
0.36
|
7.34
|
0.031
|
|
MAN24-94
|
102.0
|
501.0
|
399.0
|
0.24
|
0.012
|
0.012
|
0.009
|
0.39
|
6.50
|
0.039
|
|
including
|
400.5
|
415.5
|
15.0
|
0.30
|
0.011
|
0.044
|
0.021
|
0.57
|
6.57
|
0.083
|
|
MAN24-97
|
18.0
|
360.0
|
342.0
|
0.21
|
0.013
|
0.015
|
0.009
|
0.37
|
6.63
|
0.053
|
|
and
|
406.5
|
501.0
|
94.5
|
0.23
|
0.012
|
0.003
|
0.003
|
0.39
|
7.10
|
0.021
|
|
*True width
undetermined. All lengths are drillhole lengths.
|
Mann South
This target is approximately 5.9 kilometres long by up to 1.2
kilometres wide, having an arcuate and irregular shape, with an
overall area of 4.1 square kilometres. The Company's drill program
at Mann South started in August 2024
consisting of 20 drillholes, all of which intersected serpentinized
peridotite and dunite. Assay results for 11 drillholes are provided
in this release with nine drillhole assay results still pending.
Mineralogical analyses are underway to help identify and prioritize
the best areas, although almost half of the strike length of the
target remains untested (Figure 3).
Table 2 – Mann South drilling Highlights
|
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)*
|
Ni %
|
Co %
|
Pd
g/t
|
Pt
g/t
|
Cr %
|
Fe %
|
S %
|
|
Mann South
|
|
MAN24-66
|
39.0
|
139.5
|
100.5
|
0.23
|
0.013
|
0.003
|
0.003
|
0.29
|
8.03
|
0.070
|
|
and
|
187.5
|
402.0
|
214.5
|
0.18
|
0.013
|
0.003
|
0.004
|
0.43
|
6.61
|
0.019
|
|
MAN24-72
|
54.5
|
501.0
|
446.5
|
0.20
|
0.013
|
0.005
|
0.006
|
0.43
|
6.80
|
0.019
|
|
MAN24-75
|
16.9
|
420.0
|
403.1
|
0.24
|
0.010
|
0.018
|
0.006
|
0.30
|
7.92
|
0.051
|
|
MAN24-77
|
39.0
|
46.0
|
7.0
|
0.44
|
0.017
|
0.051
|
0.126
|
0.57
|
9.28
|
0.036
|
|
and
|
60.0
|
448.5
|
388.5
|
0.14
|
0.014
|
0.019
|
0.013
|
0.41
|
6.96
|
0.016
|
|
MAN24-81
|
44.3
|
552.0
|
507.7
|
0.24
|
0.011
|
0.003
|
0.003
|
0.38
|
7.55
|
0.056
|
|
MAN24-84
|
28.4
|
501.0
|
472.6
|
0.24
|
0.011
|
0.003
|
0.003
|
0.42
|
7.70
|
0.057
|
|
MAN24-90
|
49.3
|
501.0
|
451.7
|
0.23
|
0.012
|
0.004
|
0.005
|
0.37
|
6.33
|
0.015
|
|
MAN24-91
|
49.0
|
323.3
|
274.3
|
0.17
|
0.013
|
0.004
|
0.004
|
0.44
|
6.93
|
0.043
|
|
and
|
338.7
|
483.0
|
144.3
|
0.22
|
0.012
|
0.003
|
0.003
|
0.37
|
6.13
|
0.021
|
|
MAN24-99
|
51.3
|
402.0
|
350.7
|
0.17
|
0.013
|
0.004
|
0.012
|
0.46
|
6.60
|
0.011
|
|
MAN24-100C
|
21.0
|
112.4
|
91.4
|
0.16
|
0.014
|
0.036
|
0.096
|
0.37
|
7.46
|
0.010
|
|
and
|
131.0
|
172.0
|
41.0
|
0.22
|
0.012
|
0.010
|
0.010
|
0.61
|
5.69
|
0.031
|
|
and
|
340.5
|
378.4
|
37.9
|
0.19
|
0.013
|
0.005
|
0.003
|
0.56
|
6.52
|
0.027
|
|
MAN24-103
|
34.0
|
402.0
|
368
|
0.24
|
0.012
|
0.027
|
0.003
|
0.36
|
7.67
|
0.016
|
|
*True width
undetermined. All lengths are drillhole lengths.
|
Mann Central
The outline of the ultramafic body at Mann Central is estimated
by magnetics to be 4.5 kilometres long and between 0.5 to 1.0
kilometres wide (or 3.1 square kilometres). Drilling at this target
was completed during the spring/summer of 2024 and now totals 32
drillholes, 27 of which were drilled during the 2024 program.
Mineralization is more consistent near the center of the target
over an area of 1.9 kilometres by 600 metres (1.1 square
kilometres). This release provides an update for four drillholes
(Table 3), all of which intersected peridotite.
Anomalous platinum group metals (PGM) consisting of platinum
(Pt) and palladium (Pd) were identified in several holes,
predominantly within pyroxenite units near the peridotite contacts
on all properties (Table 4).
Table 3 – Mann Central drilling Highlights
|
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)*
|
Ni %
|
Co %
|
Pd
g/t
|
Pt
g/t
|
Cr %
|
Fe %
|
S %
|
|
Mann
Central
|
|
MAN24-41
|
111.9
|
153.0
|
41.1
|
0.18
|
0.012
|
0.004
|
0.005
|
0.52
|
7.42
|
0.096
|
|
MAN24-48
|
75.0
|
402.0
|
327.0
|
0.21
|
0.011
|
0.005
|
0.006
|
0.29
|
6.58
|
0.084
|
|
including
|
148.5
|
157.5
|
9.0
|
0.35
|
0.015
|
0.019
|
0.008
|
0.14
|
8.73
|
0.199
|
|
MAN24-64
|
14.3
|
48.5
|
34.2
|
0.22
|
0.012
|
0.005
|
0.008
|
0.18
|
6.66
|
0.584
|
|
and
|
55.8
|
334.9
|
279.1
|
0.19
|
0.012
|
0.014
|
0.017
|
0.40
|
7.00
|
0.053
|
|
MAN24-68
|
366.0
|
406.0
|
40.0
|
0.24
|
0.012
|
0.003
|
0.006
|
0.15
|
8.77
|
0.028
|
*True width undetermined. All lengths are drillhole lengths.
Table 4 – Mann Properties PGM Highlights
|
Hole
ID
|
From
(m)
|
To
(m)
|
Length
(m)
|
Pt+Pd
(g/t)
|
Pd
g/t)
|
Pt
(g/t)
|
Ni
(%)
|
Co
(%)
|
Cr
(%)
|
Fe
(%)
|
S
(%)
|
|
Mann
West
|
|
MAN24-74
|
278.5
|
309.0
|
30.5
|
0.48
|
0.28
|
0.20
|
0.037
|
0.007
|
0.394
|
5.763
|
0.011
|
|
MAN24-82
|
481.5
|
501.0
|
19.5
|
0.52
|
0.28
|
0.24
|
0.024
|
0.007
|
0.324
|
5.919
|
0.014
|
|
MAN24-97
|
378.5
|
400.5
|
22
|
0.40
|
0.23
|
0.17
|
0.040
|
0.008
|
0.360
|
5.179
|
0.018
|
|
Mann
South
|
|
MAN24-66
|
160.0
|
180.7
|
20.7
|
0.49
|
0.33
|
0.16
|
0.026
|
0.005
|
0.362
|
3.957
|
0.017
|
|
MAN24-72
|
44.0
|
54.5
|
10.5
|
0.37
|
0.12
|
0.24
|
0.037
|
0.009
|
0.313
|
5.849
|
0.011
|
|
MAN24-77
|
37.0
|
60.0
|
23
|
0.55
|
0.16
|
0.39
|
0.216
|
0.012
|
0.409
|
6.386
|
0.016
|
|
and
|
444.0
|
457.5
|
13.5
|
0.34
|
0.10
|
0.24
|
0.098
|
0.013
|
0.596
|
6.776
|
0.015
|
|
and
|
492.0
|
529.5
|
37.5
|
0.35
|
0.14
|
0.21
|
0.055
|
0.008
|
0.499
|
5.450
|
0.008
|
|
MAN24-100C
|
75.0
|
91.5
|
16.5
|
0.53
|
0.11
|
0.42
|
0.131
|
0.013
|
0.314
|
6.600
|
0.011
|
|
and
|
112.4
|
131.0
|
18.6
|
0.82
|
0.31
|
0.51
|
0.064
|
0.009
|
0.474
|
5.288
|
0.006
|
|
and
|
172.0
|
196.5
|
24.5
|
0.77
|
0.32
|
0.46
|
0.048
|
0.009
|
0.518
|
5.375
|
0.007
|
|
Mann
Central
|
|
MAN24-64
|
334.9
|
351.5
|
16.6
|
0.52
|
0.33
|
0.19
|
0.043
|
0.008
|
0.371
|
5.291
|
0.019
|
Table 5: Drillhole Orientation
|
Hole
ID
|
Easting
(mE)
|
Northing
(mN)
|
Azimuth
(⁰)
|
Dip
(⁰)
|
Length
(m)
|
|
MANN
WEST
|
|
MAN24-42
|
496024
|
5411983
|
35
|
-50
|
402
|
|
MAN24-61
|
496859
|
5412156
|
215
|
-50
|
402
|
|
MAN24-70
|
496492
|
5412296
|
215
|
-50
|
501
|
|
MAN24-73
|
496604
|
5412445
|
215
|
-50
|
500
|
|
MAN24-74
|
495656
|
5412189
|
215
|
-85
|
402
|
|
MAN24-76
|
496560
|
5412057
|
215
|
-50
|
495
|
|
MAN24-78
|
495969
|
5412226
|
215
|
-85
|
402
|
|
MAN24-82
|
495980
|
5412379
|
215
|
-50
|
501
|
|
MAN24-83
|
496980
|
5412318
|
215
|
-50
|
450
|
|
MAN24-85
|
496493
|
5412451
|
215
|
-50
|
493
|
|
MAN24-86
|
496442
|
5411894
|
215
|
-50
|
489
|
|
MAN24-89
|
496297
|
5412494
|
215
|
-50
|
495
|
|
MAN24-92
|
496177
|
5412332
|
215
|
-50
|
501
|
|
MAN24-93
|
496373
|
5412289
|
215
|
-50
|
471
|
|
MAN24-94
|
496098
|
5412537
|
215
|
-50
|
501
|
|
MAN24-97
|
495765
|
5412456
|
220
|
-50
|
501
|
|
MANN
SOUTH
|
|
MAN24-66
|
503460
|
5408195
|
35
|
-50
|
402
|
|
MAN24-72
|
503650
|
5408420
|
35
|
-50
|
501
|
|
MAN24-75
|
502081
|
5405730
|
55
|
-50
|
420
|
|
MAN24-77
|
502345
|
5405431
|
50
|
-50
|
540
|
|
MAN24-81
|
503460
|
5408195
|
220
|
-50
|
552
|
|
MAN24-84
|
502406
|
5408781
|
35
|
-50
|
501
|
|
MAN24-90
|
503140
|
5409045
|
35
|
-50
|
501
|
|
MAN24-91
|
503358
|
5408852
|
35
|
-50
|
483
|
|
MAN24-99
|
502349
|
5405667
|
55
|
-50
|
402
|
|
MAN24-100C
|
502169
|
5405546
|
55
|
-50
|
378
|
|
MAN24-103
|
501960
|
5405890
|
55
|
-50
|
402
|
|
MANN
CENTRAL
|
|
MAN24-41
|
498466
|
5410751
|
145
|
-55
|
153
|
|
MAN24-48
|
498066
|
5410676
|
180
|
-50
|
402
|
|
MAN24-64
|
498058
|
5410435
|
180
|
-50
|
406
|
|
MAN24-68
|
497871
|
5410435
|
180
|
-50
|
402
|
Statement Regarding TSX Venture
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Quality Assurance and Control, Drilling and Assaying
Edwin Escarraga, MSc, P.Geo., a
"qualified person" within the meaning of National Instrument
43-101– Standards of Disclosure for Mineral Projects, is
responsible for the on-going drilling and sampling program,
including quality assurance (QA) and quality control (QC). The core
is collected from the drill in sealed core trays and transported to
the core logging facility. The core is marked and sampled at 1.5
metre lengths and cut with a diamond blade saw. One set of samples
is transported in secured bags directly from the Canada Nickel core
shack to Actlabs Timmins, while a second set of samples is securely
shipped to SGS Lakefield for preparation, with analysis performed
at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for
precious metals (gold, platinum and palladium) are completed by
Fire Assay while analysis for nickel, cobalt, sulphur and other
elements are performed using a peroxide fusion and ICP-OES
analysis. Certified standards and blanks are inserted at a rate of
3 QA/QC samples per 20 core samples making a batch of 60 samples
that are submitted for analysis.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP
Exploration of Canada Nickel and a "qualified person" within the
meaning of National Instrument 43-101 – Standards of
Disclosure for Mineral Projects, has verified the data
disclosed in this news release, and has otherwise reviewed and
approved the technical information in this news release on behalf
of Canada Nickel Company Inc.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of
nickel-sulphide projects to deliver nickel required to feed
the high growth electric vehicle and stainless steel markets.
Canada Nickel Company has applied in multiple jurisdictions to
trademark the terms NetZero NickelTM, NetZero
CobaltTM, NetZero IronTM and is pursuing
the development of processes to allow the production of net zero
carbon nickel, cobalt, and iron products. Canada Nickel
provides investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100%
owned flagship Crawford Nickel-Cobalt Sulphide Project in
the heart of the prolific
Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes,
but is not limited to, drill and exploration results relating to
the target properties described herein (the "Properties"), the
significance of drill results, the ability to continue drilling,
the impact of drilling on the definition of any resource, the
potential of the Crawford Nickel Sulphide Project and the
Properties, timing and completion (if at all) of mineral resource
estimates, the ability to sell marketable materials, strategic
plans, including future exploration and development plans and
results, and corporate and technical
objectives. Forward-looking information is necessarily based
upon several assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking information. Factors that could affect the
outcome include, among others: future prices and the
supply of metals, the future demand for metals, the results of
drilling, inability to raise the money necessary to incur the
expenditures required to retain and advance the property,
environmental liabilities (known and unknown),
general business, economic, competitive, political and social
uncertainties, results of exploration programs, risks of the
mining industry, delays in obtaining governmental approvals,
failure to obtain regulatory or shareholder approvals. There
can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on
forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof.
Canada Nickel disclaims any intention or obligation to update or
revise any forward-looking information, whether because of new
information, future events or otherwise, except as required by
law.
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