Vancouver, British Columbia--(Newsfile Corp. - September 19,
2018) - North American Nickel Inc. (TSXV: NAN) (OTCQB: WSCRF)
(CUSIP: 65704T108) (the "Company") has completed its 2018
exploration and drilling program at the Company's 100% owned
Maniitsoq nickel-copper-cobalt-PGM project in Southwest
Greenland.
NAN completed 14,287.6 metres of drilling this season, which
includes 1,305m at the Qeqertaasaq Carbonatite Complex (see news
release dated September 10, 2018). This represents an increase of
5,520.6m from our previous program in 2017. This year's program was
achieved over a 15 week period and surpassed the initial planned
program of 12,500m.
The 2018 exploration program took a step away from NAN's
previous exploration strategy, which involved the systematic
follow-up down plunge of known mineral zones, anticipating that
these shallow pipe-like bodies would grow in size at depth and
achieve an economic threshold. The strategy for 2018 placed an
emphasis on evaluating the roots of large intrusions that contain
thick intervals of noritic rock with unusually high magnesium oxide
(MgO) concentrations. This new approach, was driven by the
technical data that indicated that the majority of the
highest-grade mineralization comprising of heavily disseminated,
net-textured, breccia and massive sulphides are hosted within a
specific high MgO rock type termed melanorite.
This strategy drove NAN to investigate the contacts, keels, and
root zones of some of the intrusions where there is space for a
large tonnage melanorite hosted deposit of high-grade breccia and
massive sulphide mineralization within a broader envelope of
disseminated sulphide.
Exploration activity in 2018 was focused on the use of
geological and geophysical data to target the melanorite contact
and keel zones of prioritized intrusions at Fossilik, P-030-31-32,
P-008, Pingo and in the footprint of the Imiak Hill Complex (Figure
1). The program included the use of deep-penetrating surface
electromagnetic methods designed to optimize the possibility of
detecting large conductive massive sulphide bodies at depth,
coupled with borehole electromagnetic surveys (BHEM), structural
geology, surface physical property, geochemical sampling, and 3D
modeling. The extensive program of work has generated the data and
samples required to add significant value to the Maniitsoq
database, and provides a basis to refine future exploration
strategies.
NAN's CEO Keith Morrison stated, "The Greenland Norite Belt,
when compared on a global basis to other NiS exploration projects,
is unusually well endowed with numerous zones of high-quality
Ni-Cu-Co-precious metal mineralization. The bulk of the known
occurrences within the belt, have elevated Ni grades with high Ni
tenors. Outside of the Maniitsoq project, there are very few
opportunities for exploration assets, located in a supportive
jurisdiction, that offers the combination of exploration potential
and metal value that if successful, will supply the long term
market demand for strategic base metals."
The 2018 program of work was executed from the Maniitsoq Camp.
Despite challenging weather conditions this season, a total of
14,287.6m of drilling in 33 holes was completed by early September.
These numbers include 6 holes drilled on the Qeqertaasaq
Carbonatite Complex designed to test potential nickel targets and
evaluate the strategic metal potential in this area. Table 1
provides a list of the drilling completed at each target area.
Turnaround time from shipping of samples out of camp to receipt of
finalized assays is approximately 6 to 10 weeks. The Company plans
to collate assay results as they are received and report them by
target area or grouped target areas.
Table 1: Listing of 2018 Drill Holes by Target
Area
Target Area
|
Hole Number
|
Length (m)
|
Fossilik:P-058 Deep |
MQ-18-158 |
797 |
Fossilik Body |
MQ-18-161 |
948 |
Fossilik Body |
MQ-18-173 |
1164 |
Fossilik Body |
MQ-18-184 |
814.7 |
P-246 |
MQ-18-189 |
260.1 |
|
Imiak Hill Complex: Spotty Hill |
MQ-18-157 |
788 |
G-036 |
MQ-18-160 |
579 |
G-026 |
MQ-18-165** |
22.2 |
G-026 |
MQ-18-166 |
690.8 |
G-017 |
MQ-18-170 |
732.8 |
G-017 |
MQ-18-178 |
498 |
G-026 |
MQ-18-179 |
461 |
|
P-030/P-032:
|
|
|
P-032 |
MQ-18-181 |
645 |
P-030 |
MQ-18-186 |
417 |
P-031 |
MQ-18-188 |
672 |
|
P-008
:
|
MQ-18-162 |
171 |
|
MQ-18-163 |
231 |
|
MQ-18-167 |
326 |
|
MQ-18-177 |
443 |
|
Pingo
:
|
MQ-18-183 |
333 |
|
MQ-18-185 |
321 |
|
MQ-18-187 |
363 |
|
OTHER:
|
|
|
G-025 |
MQ-18-176 |
516 |
P-005 |
MQ-18-164 |
122 |
P-293 |
MQ-18-180 |
252 |
P-293 |
MQ-18-182 |
86 |
P-012 |
MQ-18-159 |
329 |
|
Qeqertaasaq Carbonatite Complex
:
|
|
|
|
MQ-18-168 |
140 |
|
MQ-18-169 |
413 |
|
MQ-18-171 |
104 |
|
MQ-18-172 |
203 |
|
MQ-18-174 |
224 |
|
MQ-18-175 |
221 |
|
|
TOTAL:
|
14,287.6
|
Notes:
*EOH lengths have been rounded to nearest decimetre
** Hole stopped and re-drilled as MQ-18-166
Technical Information; "Qualified Person"
The Company is not aware of any legal, political, environmental
or other risks that could materially affect the potential
development of the project other than those set out in its annual
information form filed on
www.sedar.com. Please see below under the heading "Cautionary Note Regarding
Forward-looking Statements" for further details regarding risks
facing the Company.
All technical information in this release has been reviewed and
approved by Peter C. Lightfoot, Ph.D., P.Geo. (Chief Geologist),
who is the Qualified Person for the Company.
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 permitted
exploration project comprising 2,985 square km covering numerous
high-grade nickel-copper + cobalt 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 accessible from the existing
Seqi deep water port with an all year-round shipping season and
hydroelectric power potential from a quantified watershed.
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.
Cautionary Note Regarding Forward-looking
Statements
This press release contains certain "forward-looking statements"
and "forward-looking information" under applicable securities laws
concerning the business, operations and financial performance and
condition of the Company. Forward-looking statements and
forward-looking information include, but are not limited to,
statements with respect to the success of exploration activities;
impact of mineralogy, estimation of mineral resources at mineral
projects of the Company; the future economics of minerals including
nickel and copper; synergies and financial impact facilities; the
benefits of the development potential of the properties of the
Company and currency exchange rate fluctuations. Except for
statements of historical fact relating to the Company, certain
information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized
by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are based on
a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Many of these assumptions are based on
factors and events that are not within the control of the Company
and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from
results anticipated by such forward-looking statements include
variations in metal grades, changes in market conditions,
variations in recovery rates, risks relating to international
operations, fluctuating metal prices and currency exchange rates,
and other risks of the mining industry, including but not limited
to the failure of plant, equipment or processes to operate as
anticipated. The Company cautions that the foregoing list of
important factors is not exhaustive. Investors and others who base
themselves on forward-looking statements should carefully consider
the above factors as well as the uncertainties they represent and
the risk they entail. The Company believes that the expectations
reflected in those forward-looking statements are reasonable, but
no assurance can be given that these expectations will prove to be
correct and such forward-looking statements included in this press
release should not be unduly relied upon. These statements speak
only as of the date of this press release. The Company undertakes
no obligation to update forward-looking statements if circumstances
or management's estimates or opinions should change except as
required by applicable securities laws.
Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events or results
not to be anticipated, estimated or intended. Statements concerning
mineral reserve and resource estimates may also be deemed to
constitute forward-looking statements to the extent they involve
estimates of the mineralization that will be encountered if the
property is developed.
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
. For further information on the project, please
see National Instrument 43-101 (NI 43-101) technical report
prepared by SRK Consulting (Canada) Inc. (SRK) dated effective
March 24
th, 2016, titled "Independent Technical Report for the
Maniitsoq Nickel-Copper-PGM Project, Greenland", available under
the Company's profile at
www.sedar.com or at
www.northamericannickel.com
ON
BEHALF
OF
THE
BOARD
OF
DIRECTORS
Mark Fedikow
President
North American Nickel Inc.
For more information contact:
North American Nickel Inc.
Jaclyn Ruptash
Corporate Communications
(604) 770-4334
Toll free: 1-866-816-0118
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.
Figure 1: Location of 2018 drilling.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2081/38772_enhancednan.jpg