North American Nickel Inc.: High Grade Nickel-Copper-Cobalt Sulphides Confirmed at Imiak Hill
10 Outubro 2013 - 4:01AM
Marketwired Canada
North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the
"Company") is pleased to announce high grade nickel- copper-cobalt
mineralization at its Imiak Hill discovery based on results from drill holes
MQ-13-019, MQ- 13-024 and MQ-13-026.
Assays of up to 7.06% nickel in MQ-13-026 and 6.26% nickel in MQ-13-024 have
been received.
Imiak Hill is one of three mineralized conduits at the Imiak Hill Conduit
Complex (IHCC) located in the northern part of the Company's 100% owned
Maniitsoq Nickel - Copper - Cobalt and PGM project in southwest Greenland (See
figure 1 and figure 2).
IMIAK HILL
Highlights of the Imiak Hill drilling: DDH MQ-13-026: at 149 m down the
hole:
-- Intersected 25.51m grading: 3.25% nickel, 0.48% copper, 0.11% cobalt,
-- Including: 18.62m of 4.31% nickel, 0.62% copper, 0.14% cobalt
-- Including: 7.12m of 5.18% nickel, 0.81% copper, 0.17% cobalt
-- Including: 4.01m of 6.04% nickel, 0.64% copper, 0.19% cobalt
DDH MQ-13-024: at 136 m down the hole:
-- Intersected 14.90m grading: 2.67% nickel, 0.39% copper, 0.09% cobalt
-- Including: 5.23m of 5.03% nickel, 0.30% copper, 0.16% cobalt
DDH MQ-13-019: at 118 m down the hole:
-- Intersected 8.68m grading: 1.53% nickel, 0.43% copper, 0.06% cobalt
-- Including: 3.56m of 3.27% nickel, 0.66% copper, 0.10% cobalt
Assays for the deepest 2013 hole at Imiak Hill, DDH MQ-13-028, which is below
DDH MQ-13-026, are pending. The mineralization at Imiak Hill remains open at
depth (see figure 3).
Assays for the other two mineralized intrusions at the Imiak Hill Conduit
Complex, Imiak North and Spotty Hill, are also pending.
NAN CEO and Chair, Rick Mark, states: "It is especially positive that at Imiak
Hill that we are seeing stronger grades and widths at depth within a geological
setting consistent with our conduit system model of an expected accumulated zone
of nickel-copper mineralization in an embayment or footwall contact. Our 2013
drill program at Imiak Hill has now extended the sulphide mineralization from
surface to 185m below surface, where it remains open, and assays are still
pending for hole 28. The results from our first regional evaluation of the
mineralized norites underscores the potential along the 75km-long Greenland
Norite Belt. We believe the Maniitsoq project is unique in the world. It is
considered a greenfields exploration project, but it is a district-scale, nickel
sulphide project that has mineralization starting at, or near, surface
containing high grades of Ni-Cu-Co and it is located adjacent to ice free, deep
tide water suitable for year round shipping. I offer congratulations to our
outstanding technical team, not only for today's results, but for the constant
and impressive advancement at Maniitsoq for the past two and one half years. The
future looks just as exciting. We look forward to the upcoming assays from the
Imiak Hill Conduit Complex."
Table 1. Summary of drill holes with sulphide intercepts and assay
results from Imiak hill
Imiak Hill Zone Holes
Core
Hole Length
Number From (m) To (m) (m) Ni % Cu % Co %
------------------------------------------------------------------
MQ-13-019 112.67 113.24 0.57 5.71 1.66 0.18
------------------------------------------------------------------
MQ-13-019 118.09 126.77 8.68 1.53 0.43 0.06
------------------------------------------------------------------
MQ-13-019 118.09 121.65 3.56 3.27 0.66 0.10
------------------------------------------------------------------
MQ-13-020 125.00 128.40 1.40 NSA(i)
------------------------------------------------------------------
MQ-13-023 75.97 86.30 10.33 1.10 0.38 0.04
------------------------------------------------------------------
MQ-13-023 130.00 140.00 10.00 NSA(i)
------------------------------------------------------------------
MQ-13-024 136.00 150.90 14.90 2.67 0.39 0.09
------------------------------------------------------------------
MQ-13-024 136.75 141.98 5.23 5.03 0.30 0.16
------------------------------------------------------------------
MQ-13-025 93.25 98.71 5.46 0.34 0.06 0.01
------------------------------------------------------------------
MQ-13-025 97.10 97.64 0.54 1.39 0.16 0.06
------------------------------------------------------------------
MQ-13-026 149.81 175.32 25.51 3.25 0.48 0.11
------------------------------------------------------------------
MQ-13-026 156.70 175.32 18.62 4.31 0.62 0.14
------------------------------------------------------------------
MQ-13-026 157.16 161.17 4.01 6.04 0.64 0.19
------------------------------------------------------------------
MQ-13-026 168.20 175.32 7.12 5.18 0.81 0.17
------------------------------------------------------------------
Table 1. Summary of drill holes with sulphide intercepts and assay results
from Imiak hill
Imiak Hill Zone Holes
Hole TPM True_Width
Number Pt g/t Pd g/t Au g/t g/t (1) S % (m) (2) Zone
----------------------------------------------------------------------------
MQ-13-019 0.02 0.01 0.00 0.03 27.50 0.37 Imiak Z-20
----------------------------------------------------------------------------
MQ-13-019 0.00 0.00 0.00 0.00 9.42 5.58 Imiak Z-30
----------------------------------------------------------------------------
MQ-13-019 0.01 0.00 0.00 0.01 17.67 2.29 Including
----------------------------------------------------------------------------
MQ-13-020 NSA(i) Imiak Z-30
----------------------------------------------------------------------------
MQ-13-023 0.01 0.00 0.00 0.01 6.02 5.94 Imiak Z-10
----------------------------------------------------------------------------
MQ-13-023 NSA(i) Imiak Z-30
----------------------------------------------------------------------------
MQ-13-024 0.01 0.00 0.00 0.01 14.88 8.33 Imiak Z-30
----------------------------------------------------------------------------
MQ-13-024 0.02 0.01 0.00 0.03 26.77 2.92 Including
----------------------------------------------------------------------------
MQ-13-025 0.01 0.00 0.00 0.01 2.02 4.19 Imiak Z-30
----------------------------------------------------------------------------
MQ-13-025 0.01 0.00 0.00 0.01 9.56 0.41 Including
----------------------------------------------------------------------------
MQ-13-026 0.01 0.00 0.00 0.01 17.77 11.94 Imiak Z-30
----------------------------------------------------------------------------
MQ-13-026 0.01 0.00 0.00 0.01 23.15 8.70 Including
----------------------------------------------------------------------------
MQ-13-026 0.01 0.00 0.01 0.02 31.72 1.88 Including
----------------------------------------------------------------------------
MQ-13-026 0.02 0.00 0.00 0.02 28.09 3.32 Including
----------------------------------------------------------------------------
Note: (m) = metres,% = percent, g/t = grams per tonne, NC = not calculated
NSA(i) - no significant assays
1. TPM is total precious metals (gold+platinum+palladium)
2. calculated true width based on current 3D model
Table 2. Collar coordinates of holes drilled at Imiak including MQ13-019 to
MQ13-026. The datum used to acquire the UTM coordinates is Universal Transverse
Mercator/World Geodetic System 84/Zone 22N. Azimuth is degrees from true north.
Elevation indicates metres above sea level.
Hole UTM UTM UTM Length
Number East North Elevation (metres) Azimuth Dip Target
----------------------------------------------------------------------------
MQ-13-019 477484 7257189 546 176 276 -55 Imiak Hill
----------------------------------------------------------------------------
MQ-13-020 477490 7257141 532 209 279 -62 Imiak Hill
----------------------------------------------------------------------------
MQ-13-023 477484 7257215 547 188 275 -59 Imiak Hill
----------------------------------------------------------------------------
MQ-13-024 477497 7257174 547 197 280 -60 Imiak Hill
----------------------------------------------------------------------------
MQ-13-025 477482 7257238 538 122 269 -45 Imiak Hill
----------------------------------------------------------------------------
MQ-13-026 477490 7257141 532 215 295 -65 Imiak Hill
----------------------------------------------------------------------------
REGIONAL DRILLING RESULTS
Holes MQ-13-010 through 17 tested seven VTEM targets related to norite
intrusions in the central and southern parts of the 75km-long Greenland Norite
Belt. Table 3 summarizes the assay results and table 4 lists the collar
coordinates of each hole along with the target tested. The map in Figure 4 shows
drill hole locations.
Disseminated sulphide mineralization was intersected in noritic rocks at five of
the seven targets.
The strongest mineralization occurred in hole MQ-13-016, which tested VTEM
target P-22B. The hole intersected 43.82 m of mineralized norite averaging 0.22%
Ni including several higher grade intervals, the best was a 1.26m interval
assaying 1.44% Ni, 0.34% Cu, 0.05% Co and 0.32 g/t TPM.
Hole MQ-13-017, drilled on the same section and designed to test 40 to 50 metres
down-dip of MQ-13-016, intersected much weaker mineralization over narrow
intervals. The best assay was 1.92 m at 0.23% Ni. Based on the surface gossan
outcrop, it is possible that MQ-13-017 was drilled below the plunge of the
mineralization intersected by MQ-13-016. Initial review of downhole geophysics
indicates more conductive material lies to the right and above the drill hole,
which also fits the interpretation of the drill hole passing under the plunge.
All eight holes were surveyed with a three-component electromagnetic probe. The
results will be reviewed in conjunction with geological observations to
determine which of the regional targets drilled in 2013 warrant follow-up
drilling and/or surface geophysical surveys in 2014.
Table 3. Summary of drill holes with sulphide intercepts and assay
results from regional exploration on the property
Regional Exploration Holes
Core
Hole From To Length
Number (m) (m) (m) Ni % Cu % Co %
------------------------------------------------------------------
MQ-13-010 NSA(i)
------------------------------------------------------------------
MQ-13-011 31.76 35.98 4.22 0.18 0.06 0.01
------------------------------------------------------------------
MQ-13-012 62.44 64.00 1.56 0.10 0.02 0.01
------------------------------------------------------------------
MQ-13-013 162.00 164.00 2.00 0.13 0.03 0.01
------------------------------------------------------------------
MQ-13-014 47.50 48.00 0.50 0.20 0.07 0.01
------------------------------------------------------------------
MQ-13-014 54.48 55.46 0.98 0.20 0.05 0.01
------------------------------------------------------------------
MQ-13-014 64.00 65.00 1.00 0.20 0.04 0.01
------------------------------------------------------------------
MQ-13-015 NSA(i)
------------------------------------------------------------------
MQ-13-016 18.65 62.47 43.82 0.22 0.07 0.01
------------------------------------------------------------------
MQ-13-016 18.65 21.50 2.85 0.68 0.14 0.02
------------------------------------------------------------------
MQ-13-016 34.55 35.23 0.68 1.24 0.23 0.04
------------------------------------------------------------------
MQ-13-016 48.30 49.56 1.26 1.44 0.34 0.05
------------------------------------------------------------------
MQ-13-017 69.08 71.00 1.92 0.23 0.07 0.01
------------------------------------------------------------------
Table 3. Summary of drill holes with sulphide intercepts and assay results
from regional exploration on the property
Regional Exploration Holes
Hole TPM True_Width
Number Pt g/t Pd g/t Au g/t g/t (1) S % (m) Zone
----------------------------------------------------------------------------
MQ-13-010 NSA(i) P-63
----------------------------------------------------------------------------
MQ-13-011 0.04 0.01 0.01 0.06 1.26 NC P-97
----------------------------------------------------------------------------
MQ-13-012 0.03 0.03 0.00 0.06 0.44 NC P-30
----------------------------------------------------------------------------
MQ-13-013 0.01 0.01 0.00 0.02 0.56 NC P-61
----------------------------------------------------------------------------
MQ-13-014 0.01 0.00 0.00 0.01 1.26 NC P-32
----------------------------------------------------------------------------
MQ-13-014 0.00 0.00 0.00 0.00 1.15 NC P-32
----------------------------------------------------------------------------
MQ-13-014 0.00 0.00 0.00 0.00 0.64 NC P-32
----------------------------------------------------------------------------
MQ-13-015 NSA(i) P-22A
----------------------------------------------------------------------------
MQ-13-016 0.02 0.01 0.01 0.04 1.27 NC P-22B
----------------------------------------------------------------------------
MQ-13-016 0.07 0.02 0.02 0.11 3.30 NC including
----------------------------------------------------------------------------
MQ-13-016 0.14 0.04 0.01 0.19 6.36 NC including
----------------------------------------------------------------------------
MQ-13-016 0.20 0.05 0.07 0.32 7.92 NC including
----------------------------------------------------------------------------
MQ-13-017 0.02 0.01 0.01 0.04 1.78 NC P-22B
----------------------------------------------------------------------------
Note: (m) = metres,% = percent, g/t = grams per tonne, NC = not calculated
NSA(i) - no significant assays
1. TPM is total precious metals (gold+platinum+palladium)
Table 4. Collar coordinates of regional drill holes MQ-13-010 to MQ-13-017. The
datum used to acquire the UTM coordinates is Universal Transverse Mercator/World
Geodetic System 84/Zone 22N. Azimuth is degrees from true north. Elevation
indicates metres above sea level.
UTM UTM UTM Length
Hole Number East North Elevation (metres) Azimuth Dip Target
----------------------------------------------------------------------------
MQ-13-010 456032 7218322 713 200 159 -50 P-63
----------------------------------------------------------------------------
MQ-13-011 461980 7216150 285 101 189 -50 P-97
----------------------------------------------------------------------------
MQ-13-012 471440 7217072 254 101 319 -50 P-30
----------------------------------------------------------------------------
MQ-13-013 472278 7217331 295 173 149 -60 P-61
----------------------------------------------------------------------------
MQ-13-014 472655 7217521 185 181 327 -60 P-32
----------------------------------------------------------------------------
MQ-13-015 470255 7231757 504 114.82 335 -60 P-22A
----------------------------------------------------------------------------
MQ-13-016 470270 7231729 494 116 148 -60 P-22B
----------------------------------------------------------------------------
MQ-13-017 470255 7231757 504 176 152 -62 P-22B
----------------------------------------------------------------------------
Drill core assay results are evaluated as part of a Quality Assurance and
Quality Control procedure that includes the use of multi-element, certified
standards with known precious and base metal values, blank standards and control
charts to determine accuracy and precision of analytical results. Core sample
analysis was completed by ALS Scandinavia AS of Ojebyn, Sweden. Three methods of
analysis were used to determine element concentrations in the rock samples
submitted to ALS. These were 1. A multi- element scan, subsequent to a four-acid
digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram
sample with ICP-AES finish; and 3. Samples with greater than 1.00% Ni or Cu were
re-analyzed by ICP-AES calibrated for ore grade detection limits. Samples with
greater than 0.50% S were re-analyzed by Leco furnace and infrared spectroscopy.
2013 VTEM FLYING SUMMARY
In 2013 NAN flew an additional 917.3 line-km of VTEM helicopter borne time
domain electromagnetic and magnetic surveys over portions of the Maniitsoq
property. A total of nine flight blocks were surveyed. They covered norite and
other mafic-ultramafic intrusions outside the Greenland Norite Belt (GNB) as
well as areas within the belt that required more detailed surveying. Significant
new conductors were identified in the Pingo norite intrusion, situated about 14
km north of the GNB; in areas to the south and southeast of the GNB; and, within
the GNB itself. These new conductors are currently being evaluated in
preparation for next year's drilling program.
The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains
the 75km-long Greenland Norite Belt (GNB) and is 100% owned by North American
Nickel.
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 5,106
square km's covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic- ultramafic intrusions of the Greenland
Norite Belt (GNB). The 75km-longplus 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 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.
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
Neil Richardson, COO
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.
To view Figures 1-4, please visit the following link:
http://media3.marketwire.com/docs/903627i.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Nickel Inc.
Evan Sleeman
604-986-2020 or Toll Free: 1-866-816-0118
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