North American Nickel is fully financed for the 2018 exploration season closing a $17.5 CAD million private placement on April 19, 2018.
The 2018 program at Maniitsoq will include up to 12,500m of drilling at NiS targets that integrate the results from previous years of work with the new and important understanding of the geochemical control of the mineralization. Dr. Peter Lightfoot, Chief Geologist, identified a specific type rock within the Norite Belt that has very high magnesium and chrome concentrations. These rocks are known as melanorites.
Melanorites have a clear geochemical signature, and the distribution of the rock type is understood from Worldview-3 satellite imagery. Using the historic database of some 15,000 assays, NAN is able to show that if you explore the melanorite portion of the intrusion, the chances of finding nickel sulphide mineralization were much higher.
The 2018 program will be focused on exploring the larger bodies of melanorites developed right adjacent to the known mineral zones. The team will use very deep-penetrating, electromagnetic methods to look for the conductivity signatures of these sulphides. If a conductor is detected using this electromagnetic (EM) approach, it will be tested with borehole surveys to find an entirely new zone of mineralization within the larger melanorite bodies. Results from the 2018 program are expected to be received in the fall.
PDAC International Convention 2018: TSXMedia interviews NAN President & CEO Keith Morrison and Chief Geologist Peter Lightfoot