North American Nickel Inc. Contracts Westcore Drilling for Their 2013 Maniitsoq (Greenland) Drill Program
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/02/13 -- North American Nickel Inc. (TSX VENTURE: NAN)(OTCBB: WSCRF) (CUSIP: 65704T 108) (the "Company") is pleased to announce that it has awarded a drill contract to Westcore Drilling from Salmo, British Columbia for the Company's 2013 summer drill program on their 100% owned Maniitsoq property. The program is scheduled to begin in June, 2013.
A minimum of 3,000 meters is planned to extend high grade nickel-copper-platinum group sulphide mineralization discovered in 2012 that is open at depth and to assess high priority previously untested VTEM conductors.
The targets to be tested at depth occur within the 75 km long by 15 km wide Greenland Norite Belt (GNB) and include:
(i) Imiak Hill with mineralization intersected in 2012 that returned 66.08 meters (m) @ 0.55% nickel, 0.2% copper & 0.02% cobalt including 14.18 m @ 1.33% nickel, 0.38% copper and 0.04% cobalt, and,
(ii) Spotty Hill with a 2012 drill intersection of 123.94 m that graded: 0.81% nickel, 0.21% copper, 0.03% cobalt and 0.26 g/t total precious metals ("TPM"; platinum+palladium+gold) including: 24.20 m @ 1.75% nickel, 0.34% copper, 0.06% cobalt and 0.52 g/t TPM.
Two new and highly conductive anomalies will also be tested by the 2013 drill program. Target P-63 is an untested, norite-hosted anomaly that occurs along the edge of 1.5 km by 0.9 km norite intrusion in the southern part of the GNB. It tops out 73 m below surface, is 14 m thick, with an initial strike length of 58 m and dips to the northwest for 1,057 m.
The second target is an off hole conductor at Imiak Hill, down plunge of significant intersections made by NAN in 2012.
Further details of these target areas are available in the Company's March 20, 2013 news release, available on their website (www.northamericannickel.com).
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. VMS Ventures Inc. (TSX.V: VMS) owns approximately 27.5% of NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 4,983 square km's covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.
The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. 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.
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.
Contacts:
North American Nickel Inc.
Rick Mark
CEO and Chair
604-986-2020 or Toll free: 1-866-816-0118
www.northamericannickel.com