New Nickel-Cobalt Sulphide Project Find
Canada Nickel Company Inc. (TSX-V:CNC) has made a discovery of previously unknown mineralisation at its Crawford Nickel-Cobalt Sulphide project in Ontario.
Mark Selby, Chair and CEO of Canada Nickel, said this discovery swas made from four new drill holes and is separate and in addition to the company’s latest resource update, which focuses on the company’s first two discoveries.
“This is yet another exciting discovery on the Crawford Nickel-Cobalt Sulphide project with a geophysical footprint larger than the Main Zone,” Mr Selby said.
“These drill holes intersected mineralization consistent with what we’ve seen in the Crawford Main Zone, and reinforces our geophysical understanding of Crawford’s mineralisation.
“I look forward to seeing these assay results and our continued exploration results as we continue to unlock the potential at Crawford.”
The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.
The four holes intersected mineralised dunite (three of four holes both collared and ended in dunite), consistent with mineralisation seen in the Crawford Main Zone, across a width of 800 metres and strike length of 425 metres.
The final 21 metres in the fourth hole intersected disseminated mineralisation with sulphide blebs approximately 850m along strike from the westernmost portion of the Main – Higher Grade Zone. Mr Selby said the 2.5 km by 400-800m wide gravity anomaly in the West Zone is larger in area that the 1.8 km by 100-300m gravity anomaly in the Main Zone and confirms the company’s understanding of gravity anomalies as a guide to mineralisation.