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NAN North American Nickel Inc

0.58
0.00 (0.00%)
25 Nov 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 00:00:00

Second Drill Rig Added at Maniitsoq to Test Regional Exploration Targets in the Greenland Norite Belt: Focused Structural Map...

05/08/2014 2:20pm

Marketwired Canada


North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announce the commencement of regional exploration
drilling of mineralized norite targets and a focused mapping program at their
100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest
Greenland. 


Drilling continues at the Imiak Hill Conduit Complex (IHCC) with one drill rig
and a second drill rig is now testing regional exploration targets. A total of
3,000 m of exploration drilling is planned to test approximately fifteen widely
spaced targets located throughout the Maniitsoq property. The targets have been
identified from compilation and analysis of the Company's airborne, surface and
borehole electromagnetic surveys as well as historical geological data and
include the Pingo target area located 25 kilometers northwest of IHCC and the
Fossilik target area located 8 kilometers southwest of IHCC. Anomalous nickel
sulphide mineralization is known to occur at both Pingo and Fossilik from
surface sampling carried out by the Company as well as from historic exploration
results. Drill testing of regional targets is a key element in the Company's
efforts to identify and prioritize prospective sulphide-bearing noritic
intrusions for more detailed exploration. 


Concurrent with the drilling, a mapping program is being carried out over the
IHCC and Fossilik areas by John Fedorowich of JFSG Consulting (Sudbury). Dr.
Fedorowich has over 20 years of experience carrying out structural analysis and
mapping on a wide range of international sulphide deposits. Detailed outcrop and
structural mapping will be completed to further define the geometry,
distribution and geological setting of the known sulphide mineralization and to
understand the structural controls. Results of this work will be integrated with
the on-going collection and modeling of geological, geophysical and drilling
data in the IHCC and Fossilik areas. 


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, President and Interim CEO,
North American Nickel Inc.


About North American Nickel 

North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland and Sudbury, Ontario. 


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 & Interim CEO

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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