Canada Nickel Demonstrates Potential of Timmins Nickel District with Positive Exploration Results from Seven Regional Targets
Highlights
- Company on track for eight resources published by mid-2025
- Reid: 710 metres of 0.25% nickel including 105 metres of 0.35% nickel
and 22 metres of 0.41% nickel in hole REI24-42 - Mann Central: 223 metres of 0.29% nickel including 10 metres of 0.51% nickel
-
Mann West : Successfully delineated mineralization over 1.7 kilometre strike length by up to 600 metres width - Reaume: Improved nickel mineralization intersected including sections of visible coarse grained awaruite in hole REU24-12
- Texmont: High-grade mineralization expanded to the north and at depth including 6.5 metres of 2.68% nickel in TEX24-51
Hole REI24-42 was drilled near the center of the core and successfully targeted the strike extension of a previously identified higher-grade horizon, assaying 710 metres of 0.25% Ni for its entire length and 105 metres of 0.35% nickel, and 22.5 metres of 0.41% nickel across the higher-grade horizon. Hole REI24-33 was drilled in the western section of the core and encountered mineralized peridotite and dunite to the end of hole, assaying 402 metres of 0.25% nickel and extending the central core to the west by 200 metres. Hole REI24-40 was drilled near the eastern edge of the ultramafic and extended the central core by 300 metres to the east intersecting 544 metres of 0.23% nickel. REI24-44 was drilled near the center of the target collaring and ending in mineralized dunite with 678 metres of 0.24% nickel, also intersecting higher-grade mineralization including 7.5 metres of 0.41% nickel.
The Reid project has a total of 31,706 metres from 54 holes drilled to date, and the Company will use data from this central core to produce an initial resource expected by Q4 2024. The project is located just 16 kilometres southwest of Crawford and contains a geophysical target of 3.9 square kilometres which is nearly 2.4 times larger than Crawford.
Table 1 – Drilling highlights Reid program
Hole ID |
From (m) |
To (m) |
Length |
Ni % |
Co % |
Pd g/t |
Pt g/t |
Cr % |
Fe % |
S % |
REI24-33 |
30.0 |
432.0 |
402.0 |
0.25 |
0.011 |
0.011 |
0.007 |
0.67 |
5.45 |
0.038 |
REI24-34 |
39.6 |
669.0 |
629.4 |
0.25 |
0.012 |
0.004 |
0.005 |
0.83 |
5.71 |
0.040 |
REI24-36 |
36.0 |
261.0 |
225.0 |
0.24 |
0.011 |
0.003 |
0.005 |
0.94 |
6.01 |
0.064 |
and |
285.0 |
702.0 |
417.0 |
0.20 |
0.013 |
0.020 |
0.015 |
0.74 |
7.12 |
0.044 |
including |
487.5 |
655.5 |
168.0 |
0.25 |
0.012 |
0.020 |
0.015 |
0.77 |
6.25 |
0.043 |
REI24-40 |
51.4 |
595.5 |
544.1 |
0.23 |
0.011 |
0.004 |
0.003 |
0.75 |
6.08 |
0.056 |
REI24-42 |
25.0 |
735.0 |
710.0 |
0.25 |
0.012 |
0.009 |
0.006 |
0.68 |
5.66 |
0.042 |
including |
289.5 |
394.5 |
105.0 |
0.35 |
0.014 |
0.032 |
0.011 |
0.74 |
5.69 |
0.098 |
Including |
370.5 |
393.0 |
22.5 |
0.41 |
0.016 |
0.030 |
0.012 |
0.88 |
5.86 |
0.110 |
REI24-44 |
24.0 |
702.0 |
678.0 |
0.24 |
0.013 |
0.039 |
0.013 |
0.67 |
7.03 |
0.039 |
including |
375.0 |
393.0 |
18.0 |
0.30 |
0.015 |
0.255 |
0.028 |
0.70 |
7.72 |
0.058 |
and |
481.5 |
489.0 |
7.5 |
0.41 |
0.013 |
0.029 |
0.014 |
0.66 |
7.58 |
0.108 |
and |
525.0 |
561.0 |
36.0 |
0.30 |
0.012 |
0.011 |
0.007 |
0.81 |
5.48 |
0.056 |
Central Dyke Corridor |
||||||||||
REI24-39 |
21.0 |
169.0 |
148.0 |
0.23 |
0.012 |
0.003 |
0.005 |
0.70 |
6.14 |
0.019 |
and |
213.8 |
636.7 |
422.9 |
0.24 |
0.011 |
0.003 |
0.005 |
0.86 |
6.12 |
0.045 |
and |
653.0 |
720.0 |
67.0 |
0.24 |
0.011 |
0.003 |
0.005 |
1.04 |
5.69 |
0.034 |
*True width undetermined. All lengths are drillhole lengths. |
Mann Property
The Mann property is located 22 kilometres east of Crawford, 20 kilometres south of
Mann Central
The outline of the ultramafic body is estimated by magnetics to be 4.5 kilometres long and between 0.5 to 1.0 kilometres wide (or 3.1 square kilometres). Drilling at this target started in
Table 2 – Mann drilling highlights.
Hole ID |
From (m) |
To (m) |
Length |
Ni % |
Co % |
Pd g/t |
Pt g/t |
Cr % |
Fe % |
S % |
MANN CENTRAL |
||||||||||
MAN24-16 |
21.0 |
247.7 |
226.7 |
0.23 |
0.012 |
0.005 |
0.006 |
0.33 |
7.01 |
0.20 |
Including |
148.5 |
247.7 |
99.2 |
0.27 |
0.011 |
0.005 |
0.005 |
0.09 |
6.61 |
0.23 |
and |
295.5 |
408.0 |
112.5 |
0.19 |
0.012 |
0.005 |
0.007 |
0.52 |
7.91 |
0.72 |
MAN24-17 |
7.9 |
285.0 |
277.1 |
0.23 |
0.011 |
0.004 |
0.008 |
0.23 |
7.02 |
0.02 |
and |
307.5 |
352.3 |
44.8 |
0.02 |
0.005 |
0.22 |
0.24 |
0.31 |
4.80 |
0.08 |
and |
356.1 |
364.3 |
8.2 |
0.02 |
0.005 |
0.27 |
0.38 |
0.41 |
4.60 |
0.01 |
MAN24-18 |
15.4 |
115.7 |
100.3 |
0.23 |
0.010 |
0.005 |
0.008 |
0.14 |
5.53 |
0.14 |
and |
201.0 |
294.4 |
84.4 |
0.18 |
0.009 |
0.004 |
0.006 |
0.13 |
5.62 |
0.18 |
and |
330.0 |
432.0 |
102.0 |
0.21 |
0.010 |
0.007 |
0.007 |
0.13 |
5.51 |
0.21 |
MAN24-20 |
24.0 |
128.1 |
124.1 |
0.23 |
0.010 |
0.007 |
0.010 |
0.14 |
5.32 |
0.35 |
and |
176.1 |
399.0 |
222.9 |
0.25 |
0.011 |
0.007 |
0.009 |
0.15 |
5.50 |
0.10 |
MAN24-21 |
29.0 |
168.2 |
139.2 |
0.24 |
0.011 |
0.004 |
0.006 |
0.16 |
5.87 |
0.24 |
and |
178.6 |
402.0 |
223.4 |
0.29 |
0.012 |
0.005 |
0.004 |
0.15 |
6.03 |
0.12 |
including |
270.0 |
280.5 |
10.5 |
0.51 |
0.021 |
0.012 |
0.005 |
0.15 |
8.22 |
0.51 |
MAN24-23 |
4.5 |
420.0 |
415.5 |
0.19 |
0.012 |
0.005 |
0.007 |
0.42 |
7.37 |
0.03 |
MAN24-25 |
7.2 |
402.0 |
394.8 |
0.20 |
0.012 |
0.005 |
0.007 |
0.44 |
7.01 |
0.08 |
MAN24-29 |
18.0 |
111.2 |
93.2 |
0.16 |
0.008 |
0.003 |
0.005 |
0.12 |
5.62 |
0.16 |
MAN24-30 |
134.9 |
402.0 |
267.1 |
0.24 |
0.011 |
0.004 |
0.005 |
0.18 |
6.25 |
0.05 |
|
||||||||||
MAN24-27 |
39.0 |
109.5 |
70.5 |
0.15 |
0.010 |
0.004 |
0.003 |
0.43 |
6.77 |
0.06 |
and |
145.5 |
151.4 |
5.9 |
0.014 |
0.005 |
0.318 |
0.206 |
0.21 |
5.17 |
0.02 |
MAN24-28 |
26.8 |
177.0 |
150.2 |
0.18 |
0.012 |
0.013 |
0.012 |
0.43 |
7.67 |
0.05 |
and |
225.0 |
414.0 |
189.0 |
0.19 |
0.011 |
0.008 |
0.005 |
0.43 |
7.20 |
0.04 |
including |
355.5 |
361.5 |
6.0 |
0.29 |
0.012 |
0.138 |
0.044 |
0.25 |
6.77 |
0.08 |
*True width undetermined. All lengths are drillhole lengths. |
The target is approximately 1.5 kilometres long by 600 metres wide (0.9 square kilometres) (Figure 4). Drilling at Mann North began in
MAN24-28, was collared near the north end of the target, drilling to the southwest, starting in dunite at 27 metres downhole and ending in peridotite at 414 metres. MAN24-27 was drilled to test the northeast contact and intersected 5.9 metres of 0.52 g/t Pt+Pd near a pyroxenite-gabbro contact. Assays are pending for the 14 remaining holes now completed.
Mann South
This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and irregular shape, with an overall area of 4.1 square kilometres. The drill program at Mann South started in August and first assay results are not expected until
Reaume Property
The Reaume property is located 20 kilometres northeast of Crawford, 15 kilometres southwest of
Texmont Property
The 2024 drill program successfully tested the strike extension of the
Table 3 – Texmont drilling highlights.
Hole ID |
From (m) |
To (m) |
Length |
Ni % |
Co % |
Pd g/t |
Pt g/t |
Cr % |
Fe % |
S % |
MAIN ZONE |
||||||||||
TXT24-53 |
141.0 |
148.5 |
7.5 |
0.70 |
0.019 |
0.116 |
0.122 |
0.178 |
6.49 |
0.97 |
and |
483.0 |
496.5 |
13.5 |
0.81 |
0.031 |
0.057 |
0.051 |
0.164 |
6.57 |
0.79 |
TXT24-57 |
34.1 |
360.0 |
325.9 |
0.27 |
0.010 |
0.008 |
0.008 |
0.131 |
4.91 |
0.21 |
including |
198.0 |
201.0 |
3.0 |
0.45 |
0.016 |
0.020 |
0.017 |
0.135 |
5.57 |
0.27 |
TXT24-58 |
105.0 |
123.0 |
18.0 |
0.40 |
0.014 |
0.017 |
0.018 |
0.158 |
5.34 |
0.12 |
and |
328.5 |
333 |
4.5 |
0.59 |
0.017 |
0.033 |
0.023 |
0.135 |
4.78 |
0.40 |
TXT24-59 |
259.5 |
262.5 |
3.0 |
0.76 |
0.026 |
0.058 |
0.045 |
0.145 |
5.46 |
0.72 |
TXT24-60 |
69.0 |
70.5 |
1.5 |
1.14 |
0.031 |
0.096 |
0.080 |
0.140 |
5.81 |
0.72 |
TXT24-61 |
28.3 |
63.0 |
34.7 |
0.54 |
0.016 |
0.036 |
0.029 |
0.149 |
5.24 |
0.28 |
including |
28.3 |
36.0 |
7.7 |
0.76 |
0.018 |
0.063 |
0.053 |
0.142 |
5.33 |
0.44 |
TXT24-62 |
214.5 |
223.5 |
9.0 |
1.07 |
0.043 |
0.076 |
0.125 |
0.155 |
7.42 |
1.50 |
and |
261.0 |
406.5 |
145.5 |
0.56 |
0.020 |
0.040 |
0.028 |
0.136 |
6.67 |
0.69 |
including |
315.0 |
335.6 |
20.6 |
1.06 |
0.036 |
0.086 |
0.053 |
0.149 |
7.42 |
1.39 |
and |
381.0 |
391.5 |
10.5 |
0.89 |
0.029 |
0.074 |
0.057 |
0.143 |
6.88 |
1.03 |
TXT24-63 |
508.5 |
526.5 |
18.0 |
0.84 |
0.031 |
0.058 |
0.047 |
0.155 |
6.71 |
1.13 |
including |
510.0 |
519.0 |
9.0 |
1.07 |
0.042 |
0.071 |
0.057 |
0.163 |
7.86 |
1.62 |
NORTH ZONE |
||||||||||
TXT24-40 |
259.5 |
282.0 |
22.5 |
0.40 |
0.010 |
0.018 |
0.020 |
0.126 |
4.83 |
0.14 |
and |
307.5 |
331.5 |
24.0 |
0.44 |
0.012 |
0.017 |
0.016 |
0.136 |
5.10 |
0.40 |
TXT24-41 |
366.0 |
378.0 |
12.0 |
0.56 |
0.013 |
0.042 |
0.025 |
0.111 |
4.37 |
0.45 |
including |
370.5 |
377.0 |
6.5 |
0.71 |
0.016 |
0.055 |
0.032 |
0.121 |
4.72 |
0.57 |
TXT24-43 |
263.0 |
270.0 |
7.0 |
0.41 |
0.014 |
0.012 |
0.007 |
0.135 |
5.34 |
0.43 |
and |
385.0 |
387.6 |
2.6 |
0.56 |
0.014 |
0.061 |
0.033 |
0.147 |
6.24 |
0.98 |
TXT24-44 |
11.0 |
105.0 |
94.0 |
0.40 |
0.011 |
0.034 |
0.028 |
0.174 |
5.56 |
0.28 |
including |
36.0 |
46.5 |
10.5 |
0.61 |
0.010 |
0.051 |
0.034 |
0.147 |
4.92 |
0.27 |
TXT24-45 |
286.5 |
295.5 |
9.0 |
0.42 |
0.013 |
0.028 |
0.023 |
0.107 |
5.41 |
0.53 |
and |
322.5 |
327.0 |
4.5 |
0.53 |
0.012 |
0.051 |
0.035 |
0.107 |
4.78 |
0.26 |
TXT24-46 |
163.5 |
168.0 |
4.5 |
0.52 |
0.013 |
0.032 |
0.030 |
0.153 |
5.10 |
0.45 |
and |
267.6 |
272.0 |
4.4 |
0.42 |
0.016 |
0.019 |
0.012 |
0.132 |
5.51 |
0.79 |
TXT24-47 |
273.0 |
277.5 |
4.5 |
0.47 |
0.017 |
0.092 |
0.063 |
0.153 |
5.13 |
0.42 |
TXT24-49 |
220.5 |
225.0 |
4.5 |
0.48 |
0.012 |
0.034 |
0.018 |
0.110 |
4.43 |
0.28 |
TXT24-50 |
154.5 |
162.0 |
7.5 |
0.62 |
0.013 |
0.053 |
0.034 |
0.147 |
5.53 |
0.60 |
TXT24-51 |
2.0 |
88.5 |
86.5 |
0.44 |
0.013 |
0.037 |
0.025 |
0.152 |
5.62 |
0.45 |
including |
58.5 |
61.5 |
6.5 |
2.68 |
0.056 |
0.276 |
0.220 |
0.125 |
6.13 |
3.17 |
TXT24-52 |
127.5 |
135.0 |
7.5 |
0.47 |
0.015 |
0.062 |
0.034 |
0.139 |
5.22 |
0.47 |
TXT24-56 |
220.5 |
265.5 |
45.0 |
0.42 |
0.013 |
0.024 |
0.021 |
0.142 |
4.85 |
0.30 |
including |
256.5 |
264.0 |
7.5 |
0.64 |
0.019 |
0.034 |
0.025 |
0.144 |
5.22 |
0.53 |
*True width undetermined. All lengths are drillhole lengths. |
Table 4: Drillhole Orientation
Hole ID |
Easting (mE) |
Northing (mN) |
Azimuth (⁰) |
Dip (⁰) |
Length (m) |
REI24-33 |
456165 |
5403790 |
270 |
-50 |
432 |
REI24-34 |
457555 |
5404100 |
350 |
-60 |
702 |
REI24-36 |
457555 |
5404500 |
0 |
-60 |
702 |
REI24-39 |
456960 |
5404500 |
90 |
-60 |
720 |
REI24-40 |
457766 |
5404443 |
90 |
-60 |
643 |
REI24-42 |
456650 |
5404100 |
180 |
-60 |
735 |
REI24-44 |
456650 |
5404280 |
180 |
-60 |
702 |
MAN24-16 |
499520 |
5410495 |
340 |
-50 |
408 |
MAN24-17 |
497000 |
5410200 |
0 |
-50 |
399 |
MAN24-18 |
498957 |
5410403 |
345 |
-50 |
432 |
MAN24-20 |
499151 |
5410455 |
345 |
-50 |
399 |
MAN24-21 |
499195 |
5410262 |
345 |
-50 |
402 |
MAN24-23 |
497200 |
5410400 |
0 |
-50 |
420 |
MAN24-25 |
497400 |
5410400 |
0 |
-50 |
402 |
MAN24-27 |
496311 |
5414290 |
200 |
-50 |
234 |
MAN24-28 |
496825 |
5414289 |
200 |
-50 |
414 |
MAN24-29 |
498560 |
5410370 |
357 |
-50 |
402 |
MAN24-30 |
497311 |
5410711 |
180 |
-50 |
402 |
REU24-11 |
488435 |
5422086 |
90 |
-50 |
501 |
REU24-12 |
488424 |
5421854 |
90 |
-50 |
561 |
REU24-13 |
488245 |
5422327 |
45 |
-50 |
402 |
REU24-14 |
488077 |
5422433 |
45 |
-50 |
402 |
REU24-15 |
488587 |
5421852 |
90 |
-50 |
402 |
TXT24-40 |
485066 |
5335180 |
270 |
-70 |
456 |
TXT24-41 |
485084 |
5335281 |
270 |
-70 |
429 |
TXT24-42 |
484981 |
5335082 |
270 |
-55 |
223 |
TXT24-43 |
484981 |
5335083 |
252 |
-50 |
402 |
TXT24-44 |
484861 |
5335198 |
172 |
-52 |
450 |
TXT24-45 |
485097 |
5335353 |
270 |
-70 |
450 |
TXT24-46 |
484973 |
5334987 |
270 |
-60 |
351 |
TXT24-47 |
484970 |
5334988 |
90 |
-80 |
321 |
TXT24-48 |
484933 |
5335385 |
270 |
-51 |
270 |
TXT24-49 |
484948 |
5335433 |
270 |
-50 |
252 |
TXT24-50 |
484889 |
5335085 |
176 |
-55 |
294 |
TXT24-51 |
484681 |
5334558 |
86 |
-70 |
300 |
TXT24-52 |
484868 |
5334995 |
270 |
-60 |
240 |
TXT24-53 |
484666 |
5334616 |
90 |
-62 |
540 |
TXT24-54 |
484954 |
5334843 |
270 |
-48 |
300 |
TXT24-55 |
484917 |
5334750 |
90 |
-86 |
351 |
TXT24-56 |
484995 |
5335139 |
270 |
-72 |
402 |
TXT24-57 |
484678 |
5334507 |
90 |
-73 |
360 |
TXT24-58 |
484818 |
5334711 |
90 |
-65 |
501 |
TXT24-59 |
484922 |
5334428 |
270 |
-80 |
480 |
TXT24-60 |
484880 |
5334633 |
190 |
-54 |
138 |
TXT24-61 |
484879 |
5334635 |
225 |
-50 |
201 |
TXT24-62 |
484702 |
5334312 |
90 |
-68 |
507 |
TXT24-63 |
484663 |
5334363 |
85 |
-65 |
591 |
TXT24-64 |
484833 |
5334556 |
328 |
-45 |
162 |
Purchase of Property
Statement Regarding TSX Venture
Neither
Quality Assurance and Control, Drilling and Assaying
Qualified Person and Data Verification
About
For further information, please contact:
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the
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