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Thursday, 04 June 2020
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Wednesday, 20 May 2020 02:00 pm

Canada Nickel Company Announces Discovery of Multiple Palladium-Platinum Zones, Extends PGM Zone by 1.5 km, and Second Nickel Discovery Doubles Total Nickel Mineralization Along Strike by 1.7 km to 3.4 km at Crawford Nickel-Cobalt-Palladium Project

Hole CR20-32 extended the PGM zone by 1.5 km along strike and intersected 3 separate palladium-platinum zones including the most promising palladium-platinum intersection to date – 2.6 g/t palladium + platinum (1.3 g/t Pd, 1.3 g/t Pt) over 7.5 metres within 1.8 g/t (0.9 g/t Pd, 0.9 g/t Pt) over 12 metres at 123 metres downhole. Assays for target nickel zone for this hole are pending.

newsImage
 

Canada Nickel Company Inc.("Canada Nickel" or the "Company") has announced the results from the latest drill holes at its Crawford Nickel-Cobalt project, including the first two discovery holes on the East Zone, and partial assays from a third hole which is a 1.5 km extension to the PGM Zone on the Main Zone.  The new East Zone discovery has only been tested for 1.7 km of its overall 2.6 km interpreted strike length and the original Main Zone remains open to the west and at depth.

Mark Selby, Chair and CEO of Canada Nickel commented "We are very pleased with both the new nickel and multi-zone palladium-platinum discoveries from our first step-out holes at Crawford.  These new holes have also yielded both the most promising palladium + platinum (2.6 g/t across 7.5 m) intersection and highest grade nickel zone intersections to date (0.42% nickel + 0.2 g/t palladium + platinum across 55 m).  With more than 1.5 km extensions to both the PGM Zone and Nickel Zones and assays pending from another 9 holes which have the potential to further extend the mineralization identified to date, we look forward to continued success as we unlock more targets at our original Crawford property. With the additional properties in the process of being acquired from Noble, we have added a number of nearby targets which we will begin exploring later in the year initially utilizing geophysics to determine the highest priority (based on potential for higher grade mineralization) targets."

Mr. Selby continued "We continue to be encouraged by the results of our drilling program and are committed to establishing Crawford as one of the leading next generation nickel-cobalt sulphide and palladium projects. I extend my sincere thanks to our exploration team for their hard work and the ongoing support we've received from our local contractors including our drilling company NPLH. Our top priority is the safety and wellbeing of our people especially during these challenging times."

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.

New Nickel Discovery – East Zone

The first two holes of this next phase of exploration drilling (CR19-28 and CR19-31) were drilled along the East Zone, doubling the known total extent of nickel mineralization by 1.7 km to a total of 3.4 km.  Both holes intersected large widths of nickel mineralization of 321 metres and 382 metres respectively, with hole CR19-28 ending in mineralization at 573 m.  Hole CR19-28 yielded the highest grade nickel interval to date – 55 m of 0.42% nickel and 0.2 g/t palladium + platinum within 256 m of 0.30% nickel and 0.05 g/t palladium + platinum within a total of 0.27% nickel across 321 m.  A further 9 holes have been drilled on the East Zone which have assays pending.  See Figures 1a, 1b and Table 1 for drilling results.

Similar to the PGM Zone on the Main Zone nickel-palladium resource, both holes intersected palladium-platinum mineralization located at the north contact between the peridotite and pyroxenite layer directly to the north of the main nickel structure.  Hole CR19-28 intersected 1.7 g/t (0.8 g/t Pd, 0.9 g/t Pt) over 4.5 m from 180 m and hole CR19-31 intersected 1.6 g/t (0.7 g/t Pd, 0.8 g/t Pt) over 3.0 m from 525 m.  See Figure 2 for location of the PGM Zone.

Table 1 – East Zone Nickel Drilling Results, Crawford Nickel-Cobalt Sulphide Project

DDH ID

From

To

Length

Ni

Co

Pd

Pt

S

Fe

 

(m)

(m)

(m)

(%)

(%)

(g/t)

(g/t)

(%)

(%)

                   

CR19-28

252.0

573.0

321.0

0.27

0.013

0.028

0.017

0.07

6.10

including

316.5

573.0

256.5

0.30

0.013

0.032

0.018

0.08

5.77

including

406.5

462.0

55.5

0.42

0.014

0.131

0.071

0.21

6.01

                   

CR19-31

115.5

498.0

382.5

0.21

0.013

0.01

0.00

0.02

6.89

including

226.5

387.0

160.5

0.26

0.013

0.01

0.00

0.02

6.13

including

304.5

333.0

28.5

0.31

0.013

0.02

0.01

0.04

6.07

 

Note: All holes drilled at a 50 degree inclination. The lengths reported are core lengths and not true widths. Canada Nickel has insufficient information to determine the attitude, either of the ultramafic body or of mineralized zones within it. True widths will be less than the core lengths by a number of factors.

PGM Zone – Main Zone Extension

The third hole (CR20-32 - only partial assay results were available) was positioned at the northeastern end of the Main Zone, approximately 1.5 km from the nearest previous hole and intersected three separate palladium-platinum zones including the most promising palladium-platinum results to date: 2.6 g/t palladium + platinum (1.3 g/t Pd, 1.3 g/t Pt) over 7.5 m within 1.8 g/t (0.9 g/t Pd, 0.9 g/t Pt) over 12 m from 123 metres. See Figure 2 and Table 2 for summary of the PGM results.  Each of the intersections was at a peridotite-pyroxenite boundary which has now been intersected multiple times. 

Tags Canada Nickel Company Nickel-Cobalt Palladium-Platinum Zones Nickel Mineralization

Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


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