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North American Nickel Inc.: 2014 Drilling Campaign Commences at Maniitsoq
Minimum of 4,700 Metres of Diamond Core Scheduled
|By Marketwired .
|June 19, 2014 09:20 AM EDT
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/19/14 -- North American Nickel Inc. (TSX VENTURE: NAN)(OTCBB: WSCRF)(CUSIP:65704T 108) (the "Company") is pleased to announce that drilling has commenced at their 100% owned Maniitsoq nickel-copper-PGM sulphide project in South West Greenland. The 2014 drill program will employ two diamond drill rigs targeting existing prospects and regional targets along the Greenland Norite Belt. In addition to drilling, other activities will be ongoing to develop new target areas within the very large property package being explored.
The first drill is focused on the Imiak Hill Conduit Complex ("IHCC") and more specifically on the Imiak Hill zone where previous drilling intersected 4.31% Nickel, 0.62% Copper and 0.14% Cobalt over 18.62 metres core length in hole MQ-13-026 (See NAN announcement dated October 10, 2013). The zones at IHCC remain open at depth, and the 2014 drilling will test the down plunge potential of these nickel-copper-PGM systems. The deepest mineralized intersection to date on the property is in hole MQ-13-028, which reported 3.19 Ni and 1.14% Cu over 24.75m, at depth of approximately 185m from surface (See NAN announcement dated November 5, 2014).
The second drill is scheduled to start in about three weeks and will begin in the Pingo target area, located approximately 25 kilometers northwest of the IHCC. The 2013 Heli borne VTEM survey identified high priority sub surface conductors at Pingo, which are coincident with NAN's surface sampling and historical exploration results; both have documented anomalous nickel sulphide mineralization in noritic rocks.
All diamond drill holes will be surveyed using a 3D (ZXY) borehole pulse electromagnetic system operated by Crone Geophysics and Exploration Ltd., which detects sulphide mineralization up to 100 metres away from the hole, as well as assisting with defining intersected conductor or zone parameters. This method has been utilized over the last two years of drilling at Maniitsoq and has assisted the geological team in understanding the mineralized systems at IHCC.
Crone Geophysics has completed 936 gravity stations, with 627 completed at IHCC and 309 completed at Fossilik. The survey was successfully completed and the crew has returned to Canada. The gravity data is being interpreted by Magma Geoscience Inc. and results are expected in July 2014.
Surface Time-Domain Electromagnetic surveys (TDEM) have been completed on the IHCC and Fossilik target areas. A total of 79.55 line kilometers were surveyed, with 69.4 line kilometers completed over the IHCC and 10.15 line kilometers over the Fossilik area. Survey work will continue for the next 7-10 days focusing on the Fossilik area grid and in particular the Fossilik II showing. Interpretation of the TDEM survey will be completed by Crone Geophysics.
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President, North American Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt.
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
Mark Fedikow, President and Interim CEO
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.
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