North American Nickel Inc.: 2014 Planning Underway for Maniitsoq Nickel Sulphide Project; Deep EM, Helicopter, Camp Logistics and Drilling Contracts Tendered
March 3, 2014 (Source: Marketwired) — North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the “Company”) is pleased to announce plans are now being implemented to begin its 2014 exploration and drill programs at its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.
The Company has now awarded or tendered the following contracts:
- Air Greenland has been selected again this year to provide helicopter support for all of NAN’s field programs. Their experienced pilots and favourable terms insure quality service at competitive pricing for all our exploration activities, including drilling.
- Tenders for camp and logistics services are being evaluated and will be awarded in the coming week.
- Tenders for surface TDEM and gravity surveys will also be awarded in the coming week. The ground teams are scheduled to begin work in mid-April. The purpose of these surveys is to assist in identifying deep targets at the Imiak Hill Conduit Complex and the Fossilik showing, which is approximately nine km to the south of the IHCC. The programs and analyses are scheduled to be completed by the end of May, in advance of the 2014 drill program.
- Drill tenders have been received and will be awarded by the end of March. Drilling is scheduled to begin in early June this year with an aggressive program at the IHCC, the site of high grade intersections including, at Imiak Hill, MQ-13-026: 18.62m core length grading 4.31% Ni 0.62% Cu and 0.14% Co from 156.70m to 175.32m, announced on October 10, 2013.
More than one hundred new conductive targets identified from our 2013 airborne EM survey have now been reviewed based on their geophysical responses. Those targets interpreted to be high priority will be assessed by surface prospecting and geological mapping and then prioritized for the regional drill program, which is planned to be supported by a second drill, scheduled to begin in early July.
North American Nickel CEO, Rick Mark, states: “We have learned a great deal about working in Greenland and even more about the northern portion of our 100% owned, Sudbury-basin sized property located in the moderate climate of southwest Greenland. The incredible high grade intersections from the Imiak Hill Conduit Complex last year have captured the nickel world’s attention. Our geological model is supported by the mineralization improving as we go deeper and the three mineralized conduits at the IHCC being open at depth. We are committed to aggressively drilling to test for underlying nickel sulphide deposits. The grade is evident; this year we plan to build the tonnage. It will be an exciting year for all of our shareholders.”
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, North American Nickel Inc.
Get our daily investorintel update
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 approximately 23.9% of NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 3,601 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Fedikow, President, North American Nickel Inc.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>