North American Nickel Finalizes 2012 Work Plan for Maniitsoq Ni-Cu-PGE Project, Southwest Greenland
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/07/12 -- North American Nickel Inc. (TSX VENTURE: NAN)(OTCBB: WSCRF)(CUSIP:65704T 108). North American Nickel ("NAN") is pleased to announce that it has finalized its 2012 field work plan for the 100% owned Maniitsoq Ni-Cu-PGE project in southwest Greenland. The plan consists of four components: a helicopter TEM and magnetic survey, a remote sensing study, a prospecting and target checking program, and diamond drilling.
North American Nickel CEO Rick Mark states: "Along with all of our shareholders, I am pleased to see the calendar turn to May this year, as it signals the beginning of the 2012 program at our Maniitsoq project in Greenland. We begin flying new prospective areas along the 75 km long Nickel Norite belt in approximately 3 weeks. Our objective is more drill ready targets which can be added to our summer 2012 drill program. Our first drill program at Maniitsoq is scheduled for late July."
The 2012 helicopter TEM and magnetic survey will provide additional coverage of the Greenland Norite Belt (GNB) within the NAN project area. The GNB hosts almost all of the significant nickel occurrences within the Maniitsoq area including Imiak Hill's 9.85 m intersection averaging 2.67% Ni and 0.60% Cu in historic drill hole Im-9. The survey is scheduled to commence before the end of May.
The remote sensing study will use multi-spectral satellite imagery, digital elevation models and magnetic data to identify structural controls on the emplacement of mineralized norite intrusions, and to locate possible new intrusions and mineralization, outside the areas that will be flown this spring. The study will encompass the entire 4,983 km2 project area.
The prospecting and target checking program will commence in early July and will focus on field checking targets identified from the 2011 and 2012 helicopter TEM surveys and from the 2012 remote sensing study. See the Target news release at the following link or at the newsroom section or our Company website address included at the bottom of the release. (http://www.northamericannickel.com/Theme/NAN/files/Press%20Releases/2012/NR%20Jan%2031%2012_v001_t7ar02.pdf)
Diamond drilling is planned for late July. The program is presently designed to test three to five of the highest priority targets, but may be expanded after the results of the three other components described in this release are received. A fly portable rig will be used to do the drilling and a borehole EM system will be on site to survey the holes.
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 Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE: VMS) owns approx. 45% of NAN.
The Maniitsoq property in Greenland is a district scale project. It comprises a 4,983 square km mineral exploration licence covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.
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.
The Company has 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.
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