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NAN North American Nickel Inc

0.58
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
North American Nickel Inc TSXV:NAN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.58 0.60 0.60 0 01:00:00

North American Nickel Inc.: 2014 Planning Underway for Maniitsoq Nickel Sulphide Project; Deep EM, Helicopter, Camp Logistics...

03/03/2014 7:01am

Marketwired Canada


North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the
"Company") is pleased to announce plans are now being implemented to begin its
2014 exploration and drill programs at its 100% owned Maniitsoq
nickel-copper-cobalt-PGM project in Southwest Greenland. 


The Company has now awarded or tendered the following contracts:



--  Air Greenland has been selected again this year to provide helicopter
    support for all of NAN's field programs. Their experienced pilots and
    favourable terms insure quality service at competitive pricing for all
    our exploration activities, including drilling. 
--  Tenders for camp and logistics services are being evaluated and will be
    awarded in the coming week. 
--  Tenders for surface TDEM and gravity surveys will also be awarded in the
    coming week. The ground teams are scheduled to begin work in mid-April.
    The purpose of these surveys is to assist in identifying deep targets at
    the Imiak Hill Conduit Complex and the Fossilik showing, which is
    approximately nine km to the south of the IHCC. The programs and
    analyses are scheduled to be completed by the end of May, in advance of
    the 2014 drill program. 
--  Drill tenders have been received and will be awarded by the end of
    March. Drilling is scheduled to begin in early June this year with an
    aggressive program at the IHCC, the site of high grade intersections
    including, at Imiak Hill, MQ-13-026: 18.62m core length grading 4.31% Ni
    0.62% Cu and 0.14% Co from 156.70m to 175.32m, announced on October 10,
    2013.



More than one hundred new conductive targets identified from our 2013 airborne
EM survey have now been reviewed based on their geophysical responses. Those
targets interpreted to be high priority will be assessed by surface prospecting
and geological mapping and then prioritized for the regional drill program,
which is planned to be supported by a second drill, scheduled to begin in early
July.


North American Nickel CEO, Rick Mark, states: "We have learned a great deal
about working in Greenland and even more about the northern portion of our 100%
owned, Sudbury-basin sized property located in the moderate climate of southwest
Greenland. The incredible high grade intersections from the Imiak Hill Conduit
Complex last year have captured the nickel world's attention. Our geological
model is supported by the mineralization improving as we go deeper and the three
mineralized conduits at the IHCC being open at depth. We are committed to
aggressively drilling to test for underlying nickel sulphide deposits. The grade
is evident; this year we plan to build the tonnage. It will be an exciting year
for all of our shareholders."


Qualified Person 

All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and President, North American
Nickel Inc.


About North American Nickel 

North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba
nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 23.9% of
NAN.


The Maniitsoq property in Greenland is a Camp scale project comprising 3,601
square km covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The greater than 75km-long belt is situated along, and near,
the southwest coast of Greenland, which is pack ice free year round. 


The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM
International Ltd. The property lies along the extension of the Whistle Offset
dyke structure. Such geological structures host major Ni-Cu-PGM deposits and
producing mines within the Sudbury Camp. 


Statements about the Company's future expectations and all other statements in
this press release other than historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from the expected
results. 


ON BEHALF OF THE BOARD OF DIRECTORS

Mark Fedikow, President, North American Nickel Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Exchange) accepts responsibility for the
adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Nickel Inc.
Evan Sleeman
604-986-2020 or Toll free: 1-866-816-0118

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