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Canada Nickel Drilling Update on Crawford Nickel Cobalt Sulphide Project

Mining News - Published on Tue, 13 Oct 2020

Image Source: Canada Nickel Crawford Nickel Cobalt Sulphide Project
Canada Nickel Company Inc announced the final results from infill drilling on the Main Zone at its Crawford Nickel-Cobalt Sulphide project. Canada Nickel Chair and CEO Mark Selby said "These excellent results conclude our infill program which will be incorporated into our resource update expected to be released in two weeks. With yet another set of promising results, we are looking forward to issuing the updated resource particularly given our ability to substantially extend the higher grade core of the mineralization along strike and at depth. "Additionally, we are expecting a steady series of assay results from drilling currently underway on prospective geophysical nickel targets on the several kilometres of the Crawford structure including the three follow-up holes on the previously reported PGM results from hole CR20-32, which yielded three separate intersections including 2.6 g/t PGM over 7.5 metres. Canada Nickel looks forward to continue delivering regular and notable updates through the balance of 2020. We remain on track to deliver a Preliminary Economic Assessment by year-end."

The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.

Infill drilling on the Main Zone continued to focus on more clearly defining and upgrading the Higher-Grade Core resource, which was previously defined as part of the resource estimate and dips steeply within the ultramafic unit and having a previously reported true thickness that varies from 40 m to 160 m. These results are from the final three in-fill holes to be utilized in the updated resource expected to be released in two weeks.

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Posted By : Yogender Pancholi on Tue, 13 Oct 2020
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