North American Nickel Inc.: 2014 Planning Underway for Maniitsoq Nickel Sulphide Project; Deep EM, Helicopter, Camp Logistics...
03 Marzo 2014 - 9:01AM
Marketwired
North American Nickel Inc.: 2014 Planning Underway for Maniitsoq
Nickel Sulphide Project; Deep EM, Helicopter, Camp Logistics and
Drilling Contracts Tendered
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 3, 2014) - 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."
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, 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 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.
North American Nickel Inc.Evan Sleeman604-986-2020 or Toll free:
1-866-816-0118
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