Canada Nickel Company Announces Discovery of Multiple Palladium-Platinum Zones, Extends PGM Zone by 1.5 km, and Second Nickel Discovery Doubles Total Nickel Mineralization Along Strike by 1.7 km to 3.4 km at Crawford Nickel-Cobalt-Palladium Project
Prnewswire - Canada Nickel Company Inc. (TSX-V:CNC) ("Canada Nickel" or the "Company") today announced the results from the latest drill holes at its Crawford Nickel-Cobalt project, including the first two discovery holes on the East Zone, and partial assays from a third hole which is a 1.5 km extension to the PGM Zone on the Main Zone. The new East Zone discovery has only been tested for 1.7 km of its overall 2.6 km interpreted strike length and the original Main Zone remains open to the west and at depth.
Mark Selby, Chair and CEO of Canada Nickel commented "We are very pleased with both the new nickel and multi-zone palladium-platinum discoveries from our first step-out holes at Crawford. These new holes have also yielded both the most promising palladium + platinum (2.6 g/t across 7.5 m) intersection and highest grade nickel zone intersections to date (0.42% nickel + 0.2 g/t palladium + platinum across 55 m). With more than 1.5 km extensions to both the PGM Zone and Nickel Zones and assays pending from another 9 holes which have the potential to further extend the mineralization identified to date, we look forward to continued success as we unlock more targets at our original Crawford property. With the additional properties in the process of being acquired from Noble, we have added a number of nearby targets which we will begin exploring later in the year initially utilizing geophysics to determine the highest priority (based on potential for higher grade mineralization) targets."