Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today announced positive assay results for 13 holes from its ongoing 2024 exploration program at its Reid property. According to the announcement, all 34 holes drilled this year at Reid have intersected long intervals of targeted mineralized dunite and minor peridotite. Key highlights from the ongoing program include the best Reid interval to date, characterized by 661 meters of 0.29% nickel including 100 meters of 0.42% nickel and 40 meters of 0.51% nickel in REI-24-35. Additionally, all 8 holes targeting Reid Central Core intersected core lengths greater than 620 meters with average grades of 0.21% to 0.29% nickel.
“Reid continues to deliver excellent results, including the best individual hole to date with long core lengths grading in excess of 0.4% and 0.5% nickel and all holes delivering large intervals of target mineralization. With a target geophysical footprint larger than our flagship Crawford project and a width in the central core more than double Crawford, we look forward to the initial resource estimate for Reid expected to be released in the fourth quarter of 2024,” said Mark Selby, CEO of Canada Nickel.
To view the full press release, visit https://ibn.fm/N7zbR
About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel- sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM) and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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