NAN North American Nickel Inc

2014 Drilling Contract Awarded to Cartwright Drilling Inc. and Logistics/Camp Contract Awarded to Xploration Services Greenland ApS.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 3, 2014) - North American Nickel Inc. (TSX-VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the "Company") is pleased to announce that drill and camp contracts have been awarded for 2014 exploration at its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.

Cartwright Drilling Inc. of Goose Bay in Central Labrador, Newfoundland and Labrador has been awarded the Diamond Drilling contract and Xploration Services Greenland ApS of Nuuk, Greenland has been awarded the Logistics/Camp contract. Both companies are highly experienced in Greenland exploration operations and have been part of previous exploration campaigns for the company.

DRILLING PROGRAM

For the upcoming drill season North American Nickel is planning a two drill program at its Maniitsoq project. The first drill is set to test immediate down plunge extensions of nickel sulphide mineralization as defined by the 2012/2013 drill campaigns and the associated Crone three-component borehole electromagnetic (BHEM) geophysical surveys at the Imiak Hill Conduit Complex (IHCC) focusing on:

• Imiak Hill, drilling down plunge of drill hole MQ-13-028, (see figure 1, Nov, 2013) which intersected 24.75 metres of near massive to massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including;
  • 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t PGM
• Imiak North, drilling down plunge of drill hole MQ-13-029, (see figure 2, Nov, 2013) which intersected 55.75m of disseminated to near massive and massive sulphide grading: 1.28% nickel, 0.36% copper, 0.04% cobalt, and 0.03 g/t PGM, including;
  • 9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and 0.08 g/t PGM
• Spotty Hill, drilling down plunge of drill hole MQ-12-005, (see figure 3, Nov, 2013) which intersected 123.94 meters of disseminated, net-texture, to near massive and massive sulphide grading: 0.81% nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) + palladium (Pd) + gold (Au), including:
  • 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.

Before final decisions on targeting the drills at the IHCC (see figure 4, Nov, 2013) are made, NAN's exploration team will analyse the results of the ground geophysics Deep Penetrating Electromagnetic (DPEM) and Gravity surveys scheduled to begin in mid-April at the IHCC.

The second drill will focus on priority regional EM exploration targets commencing at a new target 25 kilometres to the northwest of the IHCC called Pingo. It is a historical showing that graded 1.09% Ni and 1.00% Cu in a mineralized grab sample within a norite host rock. NAN geologists will meet in early April to finalize the list of regional exploration targets to be drill tested this year.

Drill and support crews will be on the ground on June 7th with drilling scheduled to start approximately June 10th.

Cartwright Drilling Inc. was established in 1995 and has been servicing the mining/exploration industry with lightweight, fully hydraulic custom built drills. Cartwright has drilled in Greenland continuously since 2004, sometimes with as many as six rigs. Long term clients are Hudson Resources, Nuna Minerals, Red Rock Resources and London Mining PLC. Cartwright specializes in helicopter-portable drill jobs in remote areas. The company has drilled in numerous provinces throughout Canada, South America and Africa, and currently owns 25 drill rigs, including 4 geo-technical drills.

LOGISTICS/CAMP SERVICES

Xploration Services Greenland ApS (hereafter XS), and North American Nickel Inc. have entered into an administration, liaison and logistics agreement. XS will assume responsibility for pre-field season operational and support planning; spring season operation; mobilization; operation of main camp, including catering; demobilization and post-field season operational reporting. This includes all logistics and related issues in connection with NAN's 2014 Maniitsoq exploration & drilling program.

XS, will, on behalf of NAN, take care of administration and assist with reporting requirements, as required. XS will also undertake consultation with Tax Authorities, the Bureau of Minerals and Petroleum (BMP) and the four Municipalities of Greenland in regard to issues related to corporate matters, personnel and subcontractors.

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. 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.

To view the figures associated with this release, please visit the following link: http://media3.marketwire.com/docs/NAN%20Figures.pdf.

North American Nickel Inc.Evan Sleeman604-986-20201-866-816-0118

North American Nickel (TSXV:NAN)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025

North American Nickel (TSXV:NAN)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025