VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov 3, 2014) - North American Nickel Inc. (TSX VENTURE:NAN)(WSCRF)(CUSIP:65704T 108)(the “Company”) is pleased to report assay results for multiple and significant nickel sulphide intersections at the P-013 prospect, located seventeen kilometres south of the Imiak Hill Complex (IHC) on the Company’s 100% owned Maniitsoq Nickel – Copper – Cobalt and PGM project in southwest Greenland.
- MQ-14-066 (P-013): 5.85 metres of 2.07% Ni and 0.12% Cu of semi-massive sulphides within a broader zone of 11.0 metres of 1.31% Ni and 0.15% Cu.
- MQ-14-068 (P-013): 3.4 metres of 2.07% Ni and 0.34% Cu net-textured to semi-massive sulphides within a broader zone of 15.85 metres of 0.87% Ni and 0.27% Cu.
NAN President and Interim CEO, Mark Fedikow, commented: “Drilling at the P-013 prospect in 2014 was a follow-up to the initial discovery hole drilled in 2013, and has resulted in significant and multiple nickel sulphide intersections. These results not only confirm the prospectivity of P-013 but also the larger exploration potential of the central region of the Maniitsoq project. The results validate our regional exploration strategy and the excellent work being carried out by the exploration team. I look to further assay results pending from the 2014 program.”
Results for three regional drill holes and one IHC hole are reported below and provided in Tables 1 and 2 and Figures 1 and 2. Figures may be viewed using the link provided with this release.
The P-013 area is located seventeen kilometres south of the Imiak Hill Complex, in the central portion of the Maniitsoq property, and comprises several helicopter-borne electromagnetic (VTEM) anomalies occurring over a distance of approximately 500 metres. The anomalies include the P-013 Centre, P-013 SE and P-013 NW targets (see Figure 1). In 2014, three holes totalling 739 metres were completed to test the P-013 targets.
Nickel sulphide mineralization intersected at this target was discovered by a combination of ground prospecting and drill testing of a VTEM anomaly buried beneath a large boulder field. In 2013, one hole (MQ-13-032) was drilled to test a 200m long northeast trending VTEM anomaly, and intersected a thick section of norite and leucogabbro containing several intervals of nickel sulphide mineralization (News Release November 21, 2013). The best intersection graded 0.44% Ni and 0.20% Cu over 6.51 metres including 2.35% Ni and 1.21% Cu over 0.73 metres. Borehole electromagnetic (BHEM) surveys detected moderate to high conductance off-hole anomalies associated with the mineralized intervals, suggesting the presence of stronger mineralization nearby.
In 2014, two holes (MQ-14-066 and MQ-14-068) totalling 597 metres were completed to follow-up the 2013 results. Both holes intersected mineralized norite as outlined in more detail below.
MQ-14-066 was drilled to test an off-hole BHEM geophysical anomaly detected from the discovery hole, MQ-13-032. MQ-14-066 was collared in orthogneiss and intersected leuconorite, norite and pyroxenite extending from 63.48 metres to the end of hole at 365 metres. A number of narrow intervals of net-textured to semi-massive sulphides were intersected between 94 and 150 metres returning values ranging from 1.55% to 2.23% Ni and 0.18% to 0.70% Cu (see Table 1). The main zone of mineralization was intersected from 157.0 to 168.0 metres and consisted of 11.0 metres of norite-hosted bleb, net-textured and semi-massive sulphides grading 1.31% Ni and 0.15% Cu, including a semi-massive sulphide interval grading 2.07% Ni and 0.12% Cu over 5.85 metres from 158.43 to 164.28 metres. A second wide zone of similar mineralization was intersected from 201.20 to 223.94 metres and graded 0.50% Ni and 0.15% Cu over 22.74 metres including 1.79% Ni and 0.31% Ni over 2.14 metres from 203.35 to 205.49 metres.
MQ-14-068 was drilled approximately 45 metres up-dip of MQ-14-066 and intersected 15.85 metres of norite-hosted bleb and net-textured sulphides grading 0.87% Ni and 0.27% Cu from 126.7 to 142.55 metres. Included within this zone was a higher grade interval of net textured to semi-massive sulphides which graded 2.07% Ni and 0.34% Cu over 3.4 metresfrom 130.85 to 134.25 metres. These intersections correlate well with the main sulphide zone intersected in hole MQ-14-066.
Borehole EM surveys indicate that the mineralization is correlated with a conductive trend interpreted to strike northeast-southwest, dipping steeply northwest and plunging steeply west. Additional drilling will be required to determine the extents of the P-013 mineralization, and more work will be planned for this area in 2015.
MQ-14-069 was drilled to test a second VTEM anomaly (P-013 SE) located approximately 250 metres southeast of the above P-013 Centre target. A previous attempt was made in 2013 to test this target with hole MQ-13-034. Both holes intersected intervals of norite but failed to intersect the conductor. Re-modeling of the VTEM data, as well as modeling of the borehole EM survey data from hole MQ-14-069, indicates the target lies to the west of both holes. Target P-013 SE remains a high priority drill target based on positive results obtained at the nearby P-013 Centre target.
Other Regional Targets
Assay results are pending for two regional holes, which intersected norite-hosted nickel sulphide mineralization at the P-030 and P-053 target areas.
IMIAK HILL COMPLEX (IHC)
MQ-14-067 was collared south, and approximately 200 metres down plunge, of previous drilling at Imiak Hill in order to test for potential extensions of Zones 10 and 30 and act as a platform for BHEM surveys. The hole intersected a wide package of leuconorite, norite and pyroxenite from surface downhole to 317 metres. The mafic-ultramafic intrusion is bounded downhole by granite extending from 317 metres to the end of hole at 494 metres. No significant mineralization was intersected. A BHEM survey of the hole detected a low amplitude anomaly which correlates with the existing Imiak Hill zones located up plunge to the north.
Further work is required to determine the extent of the mylonite-related fault offsets of the Imiak Hill sulphide zones.
Assay results are pending for two mineralized IHC holes, one from Imiak Hill and one from Mikissoq.
Drill core assay results are evaluated as part of a Quality Assurance and Quality Control procedure that includes the use of matrix matched multi-element, certified standards with known precious and base metal values and blank standards to determine accuracy and precision of analytical results. Core sample analysis was completed by SGS Laboratories of Vancouver, Canada. Three methods of analysis were used to determine element concentrations in the rock samples submitted to SGS. These were 1. A multi-element scan subsequent to a four-acid digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram sample with ICP-AES finish; and 3. Samples with >1.00% Ni or Cu were re-analyzed by Sodium Peroxide Fusion ICP-AES calibrated for ore grade detection limits.
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company, President and Interim CEO, North American Nickel Inc.
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 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
John Roozendaal, Director
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.
|Table 1:Assay Results|
|Ni %||Cu %||Co %||TPM
|Imiak Hill Complex|
|MQ-14-067||No Samples||Imiak Hill|
|Notes: Intervals represent core lengths, not necessarily true widths.|
|TPM – total precious metals (Au+Pt+Pd)|
|NSA – No Significant Assays|
|Table 2:Drill Collar Information|
|Note: Collar coordinates in UTM WGS84 Zone 22|
To view Figures 1 and 2, click on the following link:http://media3.marketwire.com/docs/976800m.pdf
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