Canada Nickel Company (TSXV: CNC | OTCQX: CNIKF) has announced initial results from its preliminary metallurgical test work on the first set of samples from the Textmont Nickel Sulphide project yielding excellent results.
After drilling grades above 2% nickel, recoveries were between 79% and 84%, and cobalt recoveries were between 77% and 83%. Final concentrate grades were between 18% and 28% nickel with 0.7% cobalt, which demonstrates a range of grades could be processed using a simple process flowsheet and recoveries that meet or exceed historical results.
“Texmont continues to deliver excellent results, with initial metallurgy yielding nickel and cobalt recoveries and concentrate grades exceeding our expectations,” Canada Nickel CEO, Mark Selby, said.
The samples were selected to represent the moderate-grade zone of the deposit and ground to 100 microns. Head grades ranged from 0.67% to 1.52% nickel. A simple open circuit was tested with no need for desliming. The final concentrate grade is considered high-grade for material with pentlandite-style mineralization.
Further tests are planned, including locked cycle and metallurgical variability tests, after which a flowsheet can be designed. The Texmont preliminary economic assessment is due by the end of this year.
Selby continued, “Given our success at Texmont, we capitalized on the opportunity to acquire regional mining claims, consolidating 20km of property with the potential to find more Texmont-style deposits. We have signed a total of 10 agreements which consolidate 9,520ha of mining claims. We view this as an important and highly prospective addition to our Timmins Nickel District.”
In December 2022, the company acquired the Texmont past producing mine, which contains a large ultramafic orebody, located about 36km south of Timmins, Ontario in Canada.
For further information, please visit: www.canadanickel.com
