1. Canada Nickel reports strong exploration results from multiple properties. 2. The Reid project's geophysical target is significantly larger than Crawford. 3. Upcoming milestones include additional resource updates by mid-2025. 4. Midlothian and Mann projects show promising higher-grade mineralization. 5. Canada Nickel aims for net-zero carbon nickel production.
The exploration results indicate significant potential for further resource expansion, typically leading to increased investor interest. Historical instances, like increased stock performance from positive drilling results in similar mining companies, support this bullish outlook.
The company's positive exploration updates and potential resource growth can substantially enhance investor interest, leading to potential stock price increases. This aligns well with current trends in the nickel sector, particularly related to electric vehicle demands.
As Canada Nickel continues to develop and publish results from multiple projects, the strategic establishment of resources will bolster long-term stock value. The history of mining stocks indicates that sustainable growth often follows consistent resource discoveries.
TORONTO, March 12, 2025 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann West and Midlothian properties.
CEO Mark Selby said, "Our regional exploration program is consistently yielding excellent outcomes with each of the Three Giants delivering strong drilling results. These targets each have a target footprint larger than our flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins Nickel District. We are excited to publish the remaining six resources by mid-2025, bringing the total to eight regional resources and showcasing the vast scale of nickel resources within the District."
Canada Nickel recently published its initial mineral resource for Reid (see news release dated December 23, 2024).
Following the initial resource estimate, the company continued with an infill drilling campaign in order to upgrade resources to Measured, Indicated, and Inferred categories. Assays from nine additional holes are presented in this release (Table 1, Figure 1).
Drilling continues this winter at Reid where there are now 18 new completed holes with assays pending. These holes continued to intersect long mineralized intervals comprised mainly of dunite and minor peridotite. REI24-52 was drilled near the center of the core anomaly where it intersected targeted higher grade nickel mineralization, confirming the continuity on strike of at least one higher grade horizon that is oriented west-northwest to east-southeast.
The Reid project is located just 16 kilometres southwest of Crawford and contains a geophysical target of 3.9 square kilometres which is nearly 2.4 times larger than Crawford.
| Hole ID | From (m) | To (m) | Length (m)* | Ni % | Co % | Pd g/t | Pt g/t | Cr % | Fe % | S % | Main Area |
|---|---|---|---|---|---|---|---|---|---|---|---|
| REI24-51 | 57.0 | 228.5 | 171.5 | 0.27 | 0.012 | 0.018 | 0.013 | 0.67 | 5.91 | 0.08 | including |
| 83.0 | 102.0 | 19.0 | 0.36 | 0.013 | 0.049 | 0.020 | 0.62 | 6.18 | 0.11 | including |
*True width undetermined. All lengths are drillhole lengths.
The Midlothian property is located 70 kilometres south-southeast of Timmins. A total of 16 drillholes have been completed, each intersecting long intervals of dunite at shallow depths. This release contains assay information on the last two completed holes.
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane. This release provides an assay update from six holes, three from Mann West, and three from Mann South.
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, drill and exploration results relating to the target properties, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, and other factors which may cause the actual results and future events to differ materially from those expressed or implied.