VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2015) -
North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP:65704T 108) (the "Company") is pleased to provide a project update on the 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.
The Company's key objective this year is the continued systematic exploration of the Maniitsoq property (2,954 square kilometers), including drilling of up to 30 diamond drill holes following up on high priority nickel mineralization and geophysical targets; completing the acquisition of VTEM airborne EM data over the Greenland Norite Belt (GNB); and continuing our efforts to reduce overall project economic risk by advancing key infrastructure initiatives (like the Seqi Port) and NAN's corporate social responsibilities.
Field crews are now on site at Maniitsoq and work has begun on the Company's multi-component exploration program which comprises drilling, airborne, surface and borehole geophysics, mapping, sampling and prospecting. Figure 1, which may be viewed using the link provided with this release, shows the location of selected 2015 drill targets and of planned airborne geophysical survey blocks.
Approximately 6,000 metres (up to 30 drill holes) of BTW (41mm) diamond drilling is planned in order to:
- test for the down plunge extent of nickel sulphide zones intersected at Mikissoq and Spotty Hill in the Imiak Hill Complex (IHC) area;
- follow-up of both nickel sulphide intersections and high conductance borehole EM anomalies obtained in 2014 including at the Fossilik area, P-013, P-030 and P-053 targets; and
- test prioritized regional targets.
The drill rig and crews arrived June 23rd and drilling has commenced in the IHC area. Downing Drilling of Hawkesbury, Ontario has been contracted to carry out the 2015 drilling program.
Geotech Ltd of Aurora, Ontario is now on site and will be carrying out an approximately 6,500 line km helicopter-borne Versatile Time Domain Electromagnetic (VTEM) to complete coverage over the high priority Greenland Norite Belt (GNB) and other selected target areas on the district scale Maniitsoq property. Twelve separate survey blocks will be flown at a line spacing of 100 to 200 metres.
Surface geophysical surveys comprising time domain electromagnetics (TDEM) and gravity will be carried out, respectively, by Crone Geophysics Ltd of Mississauga, Ontario and Eastern Geophysics of Pubnico, Nova Scotia. The TDEM surveys are planned over target zones with known prospective nickel mineralization as well as untested VTEM targets that require further definition prior to drilling. The gravity survey is designed to provide coverage over a concentration of exploration targets and norite intrusions located in the central portion of the property including the mineralized P-013 norite where the Company intersected 5.85 metres (core length) of 2.07% nickel and 0.12% copper in hole MQ-14-066 in 2014 (see press release November 3, 2014).
Borehole TDEM surveys, to be carried out by Crone Geophysics, are planned for all drill holes in order to identify and quantify additional EM anomalies and to aid in drill hole targeting.
In addition to drilling and geophysics, the Company will also be implementing an in-house geology program comprising mapping, sampling and prospecting of target mafic-ultramafic intrusions as well as ground follow-up of VTEM targets. This work is focused on outlining trends of prospective mineralized intrusions and prioritizing EM conductors for potential drill testing in order to more quickly focus exploration efforts on the Company's large property position. A directed structural mapping project will be carried out by SRK Consulting Canada Inc. of Toronto, Ontario and is based on the desktop structural interpretation carried out by SRK in 2014.
The information in this release has been reviewed by Patricia Tirschmann, P.Geo, who is the Qualified Person for the Company and Vice President Exploration, 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 2,954 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 >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.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/nan0629fig1.pdf.