North American Nickel Updates Post Creek Drill Program, Sudbury, Ontario
18.10.2011 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Oct. 18, 2011) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) - North American Nickel ("NAN") is pleased to announce that the 1,500 m drill program targeting modeled plates derived from a ground EM ("InfiniTEM") survey undertaken by Abitibi Geophysics that was initiated September 14, 2011 was completed October 8, 2011. A drill summary is provided in Table 1. Drilling was done by Chenier Drilling Services.The targets tested are associated with the CJ Structure, a belt of partial melt and quartz diorite-dominated breccias with less than 5 percent pyrrhotite, chalcopyrite and pyrite in outcrop. The breccia has been interpreted as one component of a previously unrecognized embayment structure, host to significant nickel-copper-platinum group metal ore deposits in the Sudbury mining camp.
Drill holes PC-14, -15 and -16 were designed to test EM targets within the CJ Structure breccias, PC-17 to serve as a geophysics platform, PC-18 and -19 for stratigraphy and down-hole geophysics and PC-20 to test a weak ground EM anomaly at the southern boundary of the property but on-trend with the Whistle Offset Structure, host to the currently producing Podolsky nickel-copper-PGM mine.
Drill core has been logged, cut with a diamond saw and sampled for assay. Assays will be undertaken by AGAT Laboratories, an ISO-certified laboratory. Full results are expected within five weeks.
To date, three drill holes have been surveyed with a down-hole pulsed EM system by Lamontagne Geophysical Services. Three drill holes are scheduled for the survey and will be completed within 10 days.
Table 1. Drill Summary Post Creek Property, Parkin Township, Sudbury.
Hole No. Collar UTM (WGS84) Elevation (m) Azimuth Dip Total Depth UTM East UTM North
PC-14 510550 5183316 340 270 -50 201
PC-15 510521 5183244 332 270 -50 201
PC-16 510470 5183147 362 270 -50 150
PC-17 510826 5183302 323 272.5 -84 301
PC-18 510451 5183078 342 266.3 -80 300
PC-19 510668 5183107 340 267.3 -79.6 283.5
PC-20 510324 5182008 343 92.5 -50 96
TOTAL: 1532.5 m
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 and President and Chief Operating Officer, North American Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Sudbury, Ontario, Maniitsoq, Greenland and the Thompson, Manitoba mining camp. The Company's initial focus is on two Sudbury, Ontario properties and its Greenland project.
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, which is a major geological control for Ni-Cu-PGM mineralization.
The Bell Lake property in Sudbury is a 256-acre property that covers approximately one kilometre of the Mystery Offset dyke or MOD. The MOD is interpreted to be an extension of the Worthington Offset dyke which is a 10 to 11 kilometre-long mineralized structure that extends from the southwest margin of the Sudbury igneous complex.
North American Nickel also controls a 4,841 square km Mineral Exploration Licence in southwest Greenland with exclusive mineral exploration rights. The principal target is high-grade nickel-copper occurrences associated with norite and other mafic and ultramafic intrusions.
The Company has also acquired 100% ownership in the high-grade Ni-Cu-PGE South Bay property near Thompson, Manitoba and the large grassroots Thompson North and Cedar Lake properties, which are part of the world-class Thompson Nickel Belt in Manitoba. North American Nickel Inc. is a member of the North Shore Mining Group.
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.
Contact Information
North American Nickel Inc.
Rick Mark
CEO and Chair
604-986-2020 or Toll free: 1-866-816-0118
www.northamericannickel.com