Highlights
Successful infill drilling campaign targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of > 1g/t palladium + platinum Results include: 2.19 g/t palladium + platinum over core length of 76.5 metres in Crawford Main Zone including 3.90 g/t over core length of 13.5 metres 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone including 2.94 g/t over core length of 4.5 metres PGM results will be included in development of a Crawford PGM Zone resource estimate and incorporated into the Crawford nickel mine plan
Canada Nickel Company Inc. (‘ Canada Nickel ‘ or the ‘ Company ‘) (TSXV: CNC) (OTCQX: CNIKF) today announced additional results from its drilling program targeting the PGM zones that occur along the Crawford Main and East Zone boundaries and within the existing mine plan outlined in the Crawford Nickel Project feasibility study.
Mark Selby , CEO of Canada Nickel, said, ‘We are very pleased with the drilling results of the PGM Zones for both the Crawford Main & East Zones, which occur within the existing feasibility study mine plan for Crawford. The opportunity to drill out these zones and to incorporate the findings into a PGM resource estimate have the potential to unlock incremental value from material that was previously unaccounted for, and in fact was treated as waste material within the Crawford feasibility study.’
Crawford PGM Drilling
In early drilling campaigns at Crawford, ‘PGM zones’ were identified (Figure 1) with platinum (Pt) and palladium (Pd) mineralization (Pt+Pd or PGM) occurring within a transitional boundary between the pyroxenite and peridotite units (the ‘PGM zone’) that overlie the nickel-bearing dunites. In 2022, several areas were targeted for PGM mineralization throughout the whole Crawford property. Seventeen holes within the proposed Crawford pit are reported in this release. In 2024, a total of 31 holes were completed – 23 holes were drilled into the East zone, and eight new holes were drilled into the Main Zone to target the PGM zones. These zones are of interest as they reside within the boundaries of the proposed Crawford open pit and, as a resource had not been previously defined for the PGM zone, were treated as waste in the current feasibility study.
The purpose of the 2024 drill program was to provide sufficient infill drilling to produce a resource estimate on the PGM zones. Canada Nickel successfully intersected mineralized peridotite/pyroxenite in 28 of the 31 holes drilled. Assay results from both the 2022 and 2024 programs are tabulated in Table 1 and shown in Figure 2.
Table 1: Crawford selected PGM intervals (2024 and 2022 drilling)
Hole ID
From
To
Length
Calculated
true
width
Pt+Pd
Pd
Pt
Ni
Co
Cr
Fe
S
(m)
(m)
(m)
(m)
(g/t)
(g/t)
(g/t)
( %)
( %)
( %)
( %)
( %)
EAST ZONE
CR24-345
201
205.5
4.5
2.8
0.55
0.20
0.35
0.05
0.01
0.37
6.99
0.08
CR24-344
286.5
297
10.5
1.5
1.53
0.81
0.72
0.07
0.01
0.49
7.27
0.05
including
289.5
292.5
3
0.4
2.97
1.57
1.40
0.06
0.01
0.53
8.02
0.05
CR24-342
370
382.5
12.5
10
0.51
0.28
0.23
0.04
0.01
0.24
6.54
0.21
including
378
381
3
2.4
1.16
0.52
0.64
0.05
0.01
0.4
7.01
0.04
CR24-338
228
234
6
2.8
1.87
0.87
1.00
0.02
0.01
0.28
5.74
0.17
CR24-336
199.5
208.5
9
3.1
1.02
0.48
0.54
0.02
0.01
0.34
5.55
0.06
CR24-335
69
78
9
6.7
0.86
0.38
0.48
0.03
0.01
0.31
6.13
0.06
including
73.5
78
4.5
3.3
1.53
0.67
0.86
0.03
0.01
0.27
5.94
0.06
CR24-333
205.5
212.9
7.4
2.7
1.07
0.42
0.65
0.06
0.01
0.5
6.74
0.18
including
207
210
3
1.1
2.10
0.84
1.26
0.05
0.01
0.59
6.39
0.08
CR24-332
87
90
3
1.3
1.66
0.79
0.87
0.03
0.01
0.32
5.75
0.09
CR24-330
210
217.5
7.5
2.3
0.29
0.22
0.07
0.16
0.01
0.59
6.95
0.04
CR24-328
58
65
7
4.8
0.91
0.39
0.52
0.05
0.01
0.43
6.88
0.1
including
61
63.5
2.5
1.7
2.06
0.95
1.11
0.04
0.01
0.39
6.46
0.03
CR24-327
306.5
324.8
18.3
5.0
0.38
0.13
0.25
0.06
0.01
0.37
7.82
0.03
including
311
312.5
1.5
0.8
1.24
0.30
0.94
0.06
0.01
0.34
7.67
0.03
CR24-326
210.5
249.5
38.5
11.9
1.15
0.52
0.63
0.03
0.01
0.39
5.84
0.11
including
216.5
221
4.5
1.4
2.94
1.35
1.59
0.04
0.01
0.35
5.3
0.22
including
233
240.5
7.5
2.3
2.06
0.98
1.08
0.03
0.01
0.35
5.3
0.22
CR24-325
147
156
9
2.8
0.88
0.38
0.50
0.04
0.01
0.36
5.96
0.15
including
151.5
154.5
3
0.9
2.36
1.07
1.29
0.04
0.01
0.31
6.27
0.28
CR24-323
88.5
93
4.5
3.3
1.01
0.48
0.53
0.07
0.01
0.42
7.32
0.1
CR24-322
237
249.5
12.5
3.9
0.99
0.46
0.53
0.05
0.01
0.45
6.86
0.07
including
240
244
4
1.2
2.75
1.31
1.45
0.05
0.01
0.46
7.67
0.03
CR24-321
64.5
67.5
3
1.2
0.91
0.43
0.48
0.06
0.01
0.4
7.71
0.1
CR24-320
195
198
3
0.9
0.24
0.17
0.07
0.11
0.02
0.49
8.15
0.03
CR24-319
119
124.5
5.5
1.3
1.19
0.51
0.68
0.04
0.01
0.48
6.13
0.11
CR24-318
69
76.5
7.5
5.6
1.22
0.56
0.66
0.05
0.01
0.49
7.69
0.07
including
72
75
3
2.2
2.52
1.16
1.36
0.05
0.01
0.46
6.94
0.02
Hole ID
From
To
Length
Calculated
true
width
Pt+Pd
Pd
Pt
Ni
Co
Cr
Fe
S
CR24-317
190.3
208.5
18.2
5.6
1.09
0.54
0.55
0.03
0.01
0.38
6.11
0.08
including
199.5
205.5
6
1.9
2.16
1.04
1.12
0.02
0.01
0.35
5.76
0.05
CR24-316
115.5
120
4.5
3.3
0.92
0.35
0.56
0.06
0.01
0.48
7.22
0.05
including
115.5
117
1.5
1.1
1.57
0.57
1.0
0.05
0.01
0.53
7.41
0.03
CR24-315
324
339
15
7
1.10
0.57
0.53
0.06
0.01
0.39
7.67
0.03
including
324
330
6
2.8
2.50
1.32
1.18
0.06
0.01
0.4
7.75
0.03
including
324
327
3
1.4
3.73
1.96
1.77
0.06
0.01
0.42
8.1
0.04
CR22-298
90
96
6
4.1
1.65
0.79
0.86
0.02
0.01
0.26
5.32
0.03
CR22-296
159
165
6
2.8
0.39
0.22
0.16
0.05
0.01
0.42
6.13
0.01
CR22-295
114
118.5
4.5
3.3
0.97
0.54
0.44
0.02
0.01
0.34
4.86
0.02
CR22-294
186
190.5
4.5
2.1
1.57
0.76
0.81
0.03
0.01
0.35
6.01
0.01
CR22-291
106.5
112.5
6
4.5
0.42
0.15
0.27
0.04
0.01
0.37
6.04
0.01
CR22-288
120
130.5
10.5
4.9
0.86
0.37
0.49
0.05
0.01
0.36
6.93
0.25
including
123
127.5
4.5
2.1
1.69
0.72
0.97
0.04
0.01
0.31
6.25
0.02
CR22-287
92
98
6
4.5
1.02
0.45
0.57
0.07
0.01
0.51
7.79
0.04
CR22-286
98
105.5
7.5
3.5
1.53
0.66
0.87
0.05
0.01
0.41
6.93
0.01
CR22-286
101
104
3
1.4
3.37
1.48
1.89
0.05
0.01
0.43
7.51
0.01
CR22-285
73
74.5
1.5
1.1
1.52
0.56
0.96
0.06
0.01
0.71
7.38
0.04
CR22-284
76.5
84
7.5
5.6
0.99
0.44
0.56
0.04
0.01
0.28
6.8
0.06
including
79.5
82.5
3
2.2
2.14
1.00
1.14
0.04
0.01
0.21
6.11
0.06
CR22-283
106.5
126
19.5
7.6
1.20
0.53
0.67
0.03
0.01
0.37
5.13
0.11
CR22-281
129
133.5
4.5
3.3
0.76
0.34
0.42
0.03
0.01
0.38
6.1
0.02
including
130.5
133.5
3
2.2
1.92
0.86
1.06
0.03
0.01
0.36
6.06
0.02
CR22-267
120
130.5
10.5
4.1
0.22
0.11
0.12
0.06
0.01
0.35
7.15
0.13
CR22-265
200
246
46
.18.0
1.94
0.87
1.07
0.03
0.01
0.43
6.05
0.1
including
228.5
243
14.5
5.7
3.49
1.65
1.83
0.02
0.01
0.3
5.83
0.01
MAIN ZONE
CR24-341
457.5
468
10.5
1.3
0.26
0.12
0.14
0.06
0.01
0.4
7.47
0.03
CR24-334A
244.5
267
22.5
3.9
1.03
0.60
0.43
0.04
0.01
0.52
5.99
0.05
CR24-331
369
445.5
76.5
9.3
2.19
1.03
1.16
0.04
0.01
0.39
6.49
0.06
including
376.5
390
13.5
1.6
3.90
1.87
2.02
0.05
0.01
0.44
6.94
0.07
CR24-329
391.5
397.5
2.5
0.7
0.30
0.11
0.08
0.07
0.01
0.44
6.93
0.1
CR24-324
291
294
3
1.4
0.32
0.12
0.20
0.03
0.01
0.42
5.37
0.05
CR22-272
54
93
39
10.7
0.84
0.45
0.38
0.05
0.01
0.5
7.02
0.08
including
60
63
3
0.8
1.24
0.83
0.41
0.05
0.01
0.57
7.1
0.07
And
66
76.5
10.5
2.9
1.90
0.97
0.93
0.05
0.01
0.61
6.93
0.06
CR22-257
190.8
195.5
4.7
3.8
2.20
0.84
1.36
0.06
0.01
0.48
7
0.05
Table 3: Drillhole Orientation
Hole ID
Easting (mE)
Northing (mN)
Azimuth (⁰)
Dip (⁰)
Length (m)
CR24-345
473300
5409950
356
-60
402
CR24-344
473205
5409985
0
-90
366
CR24-342
473373
5410260
170
-45
397
CR24-341
473833
5408690
0
-75
540
CR24-340
473278
5410290
173
-42
462
CR24-338
473610
5409950
0
-70
252
CR24-336
473827
5409967
0
-78
270
CR24-335
473950
5410000
0
-50
201
CR24-334A
473681
5408782
12
-70
372
CR24-333
474215
5409965
340
-77
236
CR24-332
474180
5410015
0
-72
252
CR24-331
473555
5408774
15
-74
501
CR24-330
474350
5409905
320
-80
450
CR24-329
473265
5408895
45
-70
450
CR24-328
474460
5409970
335
-55
231
CR24-327
473265
5408895
14
-66
351
CR24-326
474515
5409895
0
-80
273
CR24-325
474600
5409925
0
-80
201
CR24-324
472837
5409083
35
-55
351
CR24-323
474600
5409925
0
-50
261
CR24-322
474715
5409905
0
-80
306
CR24-321
474770
5409965
5
-75
300
CR24-320
474820
5409900
0
-80
270
CR24-319
474915
5409940
5
-84
171
CR24-318
474915
5409940
5
-50
204
CR24-317
475120
5409900
0
-80
300
CR24-316
475120
5409900
0
-50
207
CR24-315
473682
5410225
172
-54
399
CR22-298
473564
5410008
0
-55
252
CR22-296
473374
5409984
2
-70
201
CR22-295
473374
5409984
2
-50
282
CR22-294
475434
5409927
0
-70
192
CR22-291
475204
5409922
10
-50
210
CR22-288
474805
5409925
2
-70
171
CR22-287
474806
5409923
4
-50
252
CR22-286
474705
5409932
2
-70
180
CR22-285
474705
5409932
2
-50
252
CR22-284
474504
5409940
2
-50
261
CR22-283
474504
5409939
2
-75
222
CR22-282
474303
5409955
2
-75
222
CR22-281
474303
5409956
2
-50
252
CR22-272
473764
5408865
172
-82
651
CR22-267
474606
5410009
180
-75
650
CR22-265
474403
5410013
180
-75
577
CR22-257
473644
5408751
355
-45
354
Assays, Quality Assurance/Quality Control and Drilling and Assay
Edwin Escarraga , MSc, P.Geo., a ‘qualified person’ as defined by National Instrument 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao ( Peru ). All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.
Qualified Person and Data Verification
Stephen J. Balch P.Geo . (ON), VP Exploration of Canada Nickel and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel.
The magnetic images shown in this press release were created from Canada Nickel’s interpretation of datasets provided by the Ontario Geological Survey.
About Canada Nickel Company
Canada Nickel Company Inc. 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 , 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, please visit www.canadanickel.com.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Note and Statement Concerning Forward Looking Statements
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, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project, timing and completion (if at all) of mineral resource estimates, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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