(MENAFN- Investor Brand Network) Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) , a company that is advancing the next generation of nickel-sulphide projects, released an update on its 2024 exploration program at its Reid property. The update included assay results from four new holes, which included the best drill result to date from the property. According to the report, six drill rigs are currently operating across Canada Nickel's exploration portfolio, which has a target delivery of seven new resources by the second quarter of 2025 and six further discoveries, unlocking the regional exploration potential of the Timmins Nickel District. Highlights from the update show the new best interval to date at Reid is 687 meters of 0.27% nickel including 36 meters of 0.41% nickel and 7.5 meters of 0.56% nickel in REI24-18; the update also indicated that all four holes intersected core lengths of at least 676 meters with average grades of 0.24% to 0.27% nickel. In addition, three of the four holes disclosed in the release intersected higher-grade mineralization within the main ultramafic body. The Reid property is located 16 kilometers southwest of the Canada Nickel's Crawford Nickel Sulphide project and contains a geophysical target of 3.9 square kilometers, which is nearly 2.4 times larger than Crawford.“Reid continues to deliver excellent results with yet another best drill interval to date,” said Canada Nickel CEO
Mark Selby
in the press release.
“We are encouraged by these four additional drill results with long drill intervals and three of the four holes reporting higher grade intervals. These results continue to highlight the very large-scale potential of this property. With six drill rigs now operating, we expect a steady flow of drill results from across the company's exploration portfolio.”
To view the full release, visit
About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless-steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM),
and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron
products. Canada Nickel provides investors with leverage to nickel in low political-risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the
heart
of
the
prolific Timmins-Cochrane mining camp. For more information about the company, visit .
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company's newsroom at
About MiningNewsWire
MiningNewsWire
(“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 60+ brands within
the
Dynamic Brand Portfolio
@
IBN
that delivers :
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact ;
(4)
social media distribution
via IBN to millions of social media followers ;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text“BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published:
/Disclaimer
MiningNewsWire
Los Angeles, CA
310.299.1717 Office
...
MiningNewsWire is powered by
IBN
MENAFN06052024000224011066ID1108180839
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.