North American Nickel Provides Exploration Update

North-American-Nickel-1

VANCOUVER, BRITISH COLUMBIA, Sep 16, 2014 (Marketwired via COMTEX) — North American Nickel Inc. (NAN) WSCRF, -18.49% (cusip:65704T 108) (the “Company”) is pleased to provide an update on the exploration activities at its 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland. Drilling has recently concluded and demobilization of equipment and crews is in progress. During the 2014 field season, thirty-nine diamond drill holes and one deepened hole totaling 8,773 metres were completed. Assay results have been reported for five holes and results for an additional thirty-one holes are pending. Remaining assay results will be reported at regular intervals over the coming weeks.

REGIONAL EXPLORATION DRILLING

Twenty-two holes totaling 3,725 metres were completed, testing fourteen regional targets located throughout the Maniitsoq property (Figure 1). Nineteen holes intersected prospective noritic and gabbroic rocks. Fourteen of these holes intersected sulphide mineralization for which assay results are pending (Table 1).

Highlights include:

--  three high conductance off-hole anomalies were detected in a fluxgate
    borehole electromagnetic (EM) survey of MQ-14-071 at the P-053 target.
    The anomalies, which are amongst the strongest responses seen on the
    Maniitsoq property, are interpreted to be related to mineralized norite
    intersected in the hole.
--  10 to 50 metre intervals of disseminated sulphides hosted in norite at
    P-149, P-136 and P-030 targets
--  6 metre interval of semi-massive sulphide and 16 metre interval of
    heavily disseminated to net-textured sulphides hosted in norite at the
    P-013 target
--  decimeter scale semi-massive and massive sulphide veins and stringers
    over core intervals of up to 5.5 metres associated with norite in
    multiple holes at the P-058 target

IMIAK HILL COMPLEX (IHC) EXPLORATION

Drilling was recently concluded at the IHC with 5,048 metres of drilling completed in seventeen holes and one deepened hole, to test for extensions of mineralization intersected in 2012 and 2013 (Figure 2). Assay results have been reported for five holes at Imiak Hill, and are pending for eleven additional holes from Imiak, Spotty Hill and Mikissoq.

Detailed structural and lithological mapping at the IHC has contributed significantly to the geological understanding of this structurally complex area. Mylonitie zones mapped on surface at Imiak Hill have been projected to depth and appear to correlate with similar mylonite zones intersected in drilling. Initial interpretation indicates the mineralized zones are truncated at depth and additional work is required to better understand the structural complexities of these features at Imiak Hill.

A surface fluxgate EM test survey was completed by Crone Geophysics and Exploration Ltd. on selected lines over the Spotty Hill area in order to evaluate this instrumentation for future use on the project. In addition, fluxgate borehole EM surveys were completed in one hole at Imiak Hill and one hole at Mikissoq.

Imiak Hill Drilling

Seven drill holes totaling 2,445 metres were completed at Imiak Hill to test for extensions of Zones 10 and 30. Assays are pending for one hole, MQ-14-072, which intersected:

--  a 19.5 metre interval from 170.60 - 190.10 metres of net-textured to
    semi-massive sulphides, interpreted to be the down plunge extent of Zone
    10; and
--  a 1.7 metre semi-massive sulphide interval of Zone 30 mineralization
    from 202.75 to 204.50 metres.

Zone 30 is terminated down plunge as a result of interpreted displacement along a mylonite shear zone. Zone 10 was extended an additional 75 metres down plunge from historical drilling, and is structurally terminated at a similar depth to Zone 30. Further data analysis and structural interpretation is on-going to evaluate the mineralization at Imiak Hill.

Spotty Hill Drilling

Seven holes and one deepened hole totaling 2,057 metres were completed at Spotty Hill with assays pending for six holes. The Spotty mineralization plunges steeply to the southeast, as interpreted from both drilling and borehole EM, and consists of:

--  wide zones of disseminated sulphides with internal zones of more highly
    conductive, semi-massive sulphides

Borehole EM surveys indicate that the mineralized trend is open in a down plunge direction and more drilling is planned for this area in 2015.

Mikissoq Drilling

Three holes totaling 546 metres were completed at Mikissoq for which assays are pending. Two holes intersected mainly gneissic country rocks and are interpreted to be have been drilled off the plunge of the mineralization. A third hole, MQ-14-073, intersected mineralized norite including:

--  a 45.6 metre interval from 57.75 to 103.41 metres consisting of
    disseminated and fractured filled sulphides; and
--  a 5.6 metre interval from 112.93 to 118.56 metres of net-textured to
    semi-massive sulphides.

Borehole EM surveys indicate the semi-massive sulphide intersection is located slightly above and right of the main mineralized horizon, which is interpreted to be plunging steeply to the northeast.

NEXT STEPS

The Company is pleased with the progress made in 2014 on this early stage exploration project including expansion of the Spotty Hill and Mikissoq mineralization at the IHC, and significant new sulphide intersections at several regional exploration targets. In addition, new geological and structural interpretations are contributing to a better understanding of the geological model.

Based on the success of the current exploration program, the Company anticipates another robust exploration program in 2015 consisting of drilling, airborne and ground geophysics, regional prospecting and geochemical sampling, and an expansion of detailed structural and lithological mapping.

Quality Control

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 greater than 1.00% Ni or Cu were re-analyzed by Sodium Peroxide Fusion ICP-AES calibrated for ore grade detection limits.

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, 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 greater than 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: Summary of Regional Exploration Holes.
----------------------------------------------------------------------------
Target      Drill Hole     Comments
----------------------------------------------------------------------------
P-149       MQ-14-041      approx. 50m interval of disseminated sulphides
                           and approx. 0.5m of net-textured sulphides in
                           norite.
            MQ-14-042      approx. 6m interval of disseminated sulphides in
                           norite.
----------------------------------------------------------------------------
P-157       MQ-14-043      approx. local sections of disseminated sulphides
                           in amphibolites.
            MQ-14-045      Local intervals of disseminated in amphibole
                           gneiss
----------------------------------------------------------------------------
P-161       MQ-14-046      Meter scale interval of disseminated sulphides in
                           meta-gabbro.
----------------------------------------------------------------------------
P-146       MQ-14-047      Norite containing two approx. 5m intervals of
                           finely disseminated sulphides.
----------------------------------------------------------------------------
P-136       MQ-14-048      approx. 13m and approx. 28m intervals of
                           disseminated sulphides in norite.
----------------------------------------------------------------------------
P-081       MQ-14-049      Norite and orthogneiss; no significant
                           mineralization.
            MQ-14-050      Magnetite-bearing norite; no significant
                           mineralization.
----------------------------------------------------------------------------
P-004       MQ-14-051      approx. 4m interval of disseminated to net-
                           textured sulphides in norite.
            MQ-14-061      Norite with no significant mineralization
----------------------------------------------------------------------------
P-058       MQ-14-053      Several narrow (0.5-5cm) massive sulphide veins
                           in norite.
            MQ-14-054      approx. 5.5m zone containing decimeter to meter
                           scale intervals of semi-massive to massive
                           sulphide veins and stringers in leuconorite.
            MQ-14-057      approx. 1.5m zone containing decimeter scale
                           intervals of semi-massive and massive sulphide
                           veins and stringers in leuconorite.
            MQ-14-059      approx. 1.5m zone mineralization as in MQ-14-057
                           and in norite.
----------------------------------------------------------------------------
P-059       MQ-14-055      Norite and orthogneiss; did not intersect target;
                           off-hole anomaly at 125m.
----------------------------------------------------------------------------
P-048       MQ-14-64       Locally magnetic diabase dyke cutting
                           orthogneiss, no significant mineralization.
----------------------------------------------------------------------------
P-013       MQ-14-066      approx. 6m semi-massive sulphide zone in norite;
                           numerous other decimeter scale intervals of net-
                           textured to semi-massive sulphides in norite and
                           leuconorite.
            MQ-14-068      approx. 16m interval of heavily disseminated to
                           net-textured sulphides in norite.
----------------------------------------------------------------------------
P-013 SE    MQ-14-069      Norite and gneisses; did not intersect target;
                           off-hole anomaly at 50m.
----------------------------------------------------------------------------
P-030       MQ-14-070      Three 10-15m intervals of disseminated sulphides
                           within wider 108m interval of weakly disseminated
                           sulphides in norite.
----------------------------------------------------------------------------
P-053       MQ-14-071      approx. 16.5m interval of disseminated sulphide
                           in norite; including two narrow cm scale
                           intervals of chalcopyrite-rich, net-textured
                           sulphides in sheared leuconorite.
----------------------------------------------------------------------------

To view Figures 1 and 2 please click on the following link:http://media3.marketwire.com/docs/NAN0916.pdf

Contacts:
North American Nickel Inc.
Jaclyn Ruptash
Corporate Communications
604-986-2020 or Toll free: 1-866-816-0118

 

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