North American Nickel Inc.: 2014 Drilling Campaign Commences at Maniitsoq
2014年6月19日 - 10:20PM
Marketwired
North American Nickel Inc.: 2014 Drilling Campaign Commences at
Maniitsoq
Minimum of 4,700 Metres of Diamond Core Scheduled
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 19, 2014) -
North American Nickel Inc.
(TSX-VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the "Company") is
pleased to announce that drilling has commenced at their 100% owned
Maniitsoq nickel-copper-PGM sulphide project in South West
Greenland. The 2014 drill program will employ two diamond drill
rigs targeting existing prospects and regional targets along the
Greenland Norite Belt. In addition to drilling, other activities
will be ongoing to develop new target areas within the very large
property package being explored.
The first drill is focused on the Imiak Hill Conduit Complex
("IHCC") and more specifically on the Imiak Hill zone where
previous drilling intersected 4.31% Nickel, 0.62% Copper and 0.14%
Cobalt over 18.62 metres core length in hole MQ-13-026 (See NAN
announcement dated October 10, 2013). The zones at IHCC remain open
at depth, and the 2014 drilling will test the down plunge potential
of these nickel-copper-PGM systems. The deepest mineralized
intersection to date on the property is in hole MQ-13-028, which
reported 3.19 Ni and 1.14% Cu over 24.75m, at depth of
approximately 185m from surface (See NAN announcement dated
November 5, 2014).
The second drill is scheduled to start in about three weeks and
will begin in the Pingo target area, located approximately 25
kilometers northwest of the IHCC. The 2013 Heli borne VTEM survey
identified high priority sub surface conductors at Pingo, which are
coincident with NAN's surface sampling and historical exploration
results; both have documented anomalous nickel sulphide
mineralization in noritic rocks.
All diamond drill holes will be surveyed using a 3D (ZXY)
borehole pulse electromagnetic system operated by Crone Geophysics
and Exploration Ltd., which detects sulphide mineralization up to
100 metres away from the hole, as well as assisting with defining
intersected conductor or zone parameters. This method has been
utilized over the last two years of drilling at Maniitsoq and has
assisted the geological team in understanding the mineralized
systems at IHCC.
Ground Geophysics
Crone Geophysics has completed 936 gravity stations, with 627
completed at IHCC and 309 completed at Fossilik. The survey was
successfully completed and the crew has returned to Canada. The
gravity data is being interpreted by Magma Geoscience Inc. and
results are expected in July 2014.
Surface Time-Domain Electromagnetic surveys (TDEM) have been
completed on the IHCC and Fossilik target areas. A total of 79.55
line kilometers were surveyed, with 69.4 line kilometers completed
over the IHCC and 10.15 line kilometers over the Fossilik area.
Survey work will continue for the next 7-10 days focusing on the
Fossilik area grid and in particular the Fossilik II showing.
Interpretation of the TDEM survey will be completed by Crone
Geophysics.
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 and President, North American Nickel Inc.
About North
American Nickel
North American Nickel is a mineral exploration company with 100%
owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the
Thompson, Manitoba nickel belt.
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
>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 and 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.
North American Nickel Inc.Evan Sleeman604-986-2020 or Toll Free:
1-866-816-0118
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