Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, is sharing assay results from the final 11 drill holes at its Texmont Project. The company notes that the results confirm continued high-grade, near-surface mineralization. According to the announcement, the results are the final assays from the 39-drill-hole program conducted during the winter of 2022–2023. Highlights of the report include include information that seven of eleven holes intersected nickel grades >1% with all 11 holes intersecting nickel grades >0.5%. The company is working to produce a mineral resource estimate on the project and anticipates that will be available later this year; the estimate will use the 28,884 meters of drilling completed during a previous drill program along with 9,726 meters in the current 2022–2023 program. “This latest set of assay results reinforce our thesis of near-surface, high-grade intervals within thick mineralized sections, which support the potential for near-term, smaller scale, open-pit production,” said Canada Nickel CEO Mark Selby in the press release. “We look forward to delivering an initial resource and Preliminary Economic Analysis (‘PEA’) on Texmont this year as its near-term production potential is highly complementary to our large-scale Crawford and regional nickel sulphide project potential.”
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About Canada Nickel Company Inc.
Canada Nickel 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 Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), 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 about the company, visit www.CanadaNickel.com.
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