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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 Provides Exploration Update on its Maniitsoq Ni-Cu-Co & PGE Sulphide Project, Southwest Greenland

30/07/2013 2:00pm

Marketwired Canada


North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) 
(the "Company") is pleased to provide an update on exploration activities at its
100% owned Maniitsoq project. Field crews commenced surface prospecting on June
15 and the diamond drill arrived on June 21, 2013. To date ten holes (MQ-13-010
to 19) totaling 1,520 meters have been completed. All of the holes have been
surveyed with the Crone three-component pulse electromagnetic system.


These first ten holes targeted VTEM electromagnetic anomalies located throughout
the Greenland Norite Belt (GNB), which is over 70 km long and hosts the majority
of the nickel occurrences on the property. As illustrated in the drill hole
location map (see Figure 1), drilling began at the south end of the belt and
progressed northwards. The drill is currently situated at the Imiak Hill nickel
occurrence in the northern part of the belt. The Company intends to drill a
minimum of 3000 meters this year at Maniitsoq.


To date, 567 core samples and 249 surface grab and channel samples have been
collected for assay and geochemical analysis and submitted to ALS Limited in
Sweden. In addition to this work, approximately nine line-kilometers of surface
pulse electromagnetic surveys have been completed over selected target zones. 


NAN COO, Neil Richardson, states: "We are pleased with the completion of phase
one drilling and the overall progress of the exploration program at Maniitsoq.
Over 100 electromagnetic and geological targets have been checked on the ground
by our geological team and targets have been re-prioritized for the second phase
of drilling starting in early August. Additional targets from the 2013 VTEM
flying will continue to augment our target database."


The Company also plans to fly approximately 650 to 700 line-kilometers of VTEM
helicopter time domain electromagnetic and magnetic surveys at Maniitsoq in
2013. These surveys will fill gaps in VTEM coverage within the GNB and cover
some areas of interest outside the GNB. It is expected that the 2013 exploration
program will be completed by early to mid-September.


The Company has granted incentive stock options to certain employees of the
Company to purchase up 150,000 common shares in the capital of the Company
pursuant to the Company's stock option plan. The options are exercisable, on or
before July 29, 2018, at an exercise price of $0.20 per share. 


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.


To view the Figure accompanying this press release, click on the following link:
http://media3.marketwire.com/docs/n729m.pdf


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 27.5% of
NAN.


The Maniitsoq property in Greenland is a Camp scale project comprising 4,983
square km's covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The 70km plus long belt is situated along, and near, the
southwest coast of Greenland, which is pack ice free year round. 


The first two discoveries of economic mineralization at Imiak Hill and Spotty
Hill confirm the high value and potential of the GNB.


The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX
Mining. 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. 


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.
Rick Mark
CEO and Chair
604-986-2020 or Toll free: 1-866-816-0118

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