Highlights
- First two metallurgical tests at Mann deliver strong
recovery and concentrate quality:
- Overall nickel recoveries of 58% and 59%.
- Nickel and magnetite concentrate grades in line with
expectations.
TORONTO, May 13, 2024
/CNW/ - Canada Nickel Company Inc. ("Canada Nickel" or the
"Company") (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce robust
recovery and concentrate quality results from the first set of
metallurgical tests on samples from the Mann Northwest
property. The results were achieved using the standard
flowsheet developed for the Crawford Nickel Sulphide Project
("Crawford").
Mark Selby, CEO of Canada Nickel,
said "We are very pleased by the first tests at Mann Northwest
which achieved overall nickel recoveries of 58% and 59% and
achieved expected nickel and iron concentrate grades. These
initial results at Mann Northwest, along with our earlier success
achieved at Reid using the standard flowsheet developed for
Crawford, demonstrate the potential to leverage our development
work at Crawford across the portfolio of targets throughout the
Timmins Nickel District."
Canada Nickel is in the process of completing the earn-in of an
80% interest in the Mann property, with the remaining 20% owned by
Noble Mineral Exploration Inc., located 22 km east of Crawford, 20
km south of Cochrane, and 45 km
northeast of Timmins, covering the
Mann Township. Within the property, there are three large
ultramafic bodies, each of which has a target geophysical footprint
larger than the 1.6 km2 footprint of Crawford. Mann
Northwest has a target footprint of 6.0 km2; Mann
Central is 3.1 km2, and Mann Southeast is 4.1
km2. To support the on-going exploration efforts at the
Mann property, metallurgical test work has been initiated.
Table 1 summarizes the recovery results of the first two open
circuit tests from the Mann Northwest property on samples with head
grades of 0.29% and 0.30% nickel. The samples were tested at a
third-party lab to evaluate the metallurgical potential of the
property. Both samples delivered strong recovery performance, with
total nickel recoveries of 58% and 59% and iron recoveries of 44%
and 48%. Cobalt recoveries were 15% and 28% and chromium recoveries
were 10% in both tests. More than half of the recovered
nickel was recovered to nickel concentrates with an average grade
greater than 38% nickel. Iron concentrate grades averaged 58% and
62% iron in the two tests. The Company will follow a similar
metallurgical program path as it did with Crawford and begin a
variability open circuit testing program to confirm operating
parameters and performance and then begin locked cycle testing to
confirm metallurgical performance and concentrate grades and
recovery to be used in future engineering studies.
Table 1. Open Circuit Test
Results
|
|
Head
Grades
|
|
Recovery
|
|
Ni
(%)
|
Co
(%)
|
S
(%)
|
Fe
(%)
|
Cr
(%)
|
Ni
(%)
|
Co
(%)
|
Fe
(%)
|
Cr
(%)
|
Sample 1
|
0.29
|
0.012
|
0.04
|
6.3
|
0.37
|
59
|
28
|
44
|
10
|
Sample 2
|
0.30
|
0.011
|
0.13
|
6.4
|
0.50
|
58
|
15
|
48
|
10
|
The samples were selected as higher grade, well-serpentinized
dunite samples and confirmed the potential to transfer the Crawford
metallurgical process to the Mann ultramafic nickel mineralization.
The standard test procedure from the Crawford Feasibility
Variability Program was used including grind sizes, reagent dosing
strategies and flowsheet layout.
Sample Location
Figure 1 shows the plan view of the Mann properties with the "X"
markers indicating where the samples were taken from. Sample 1 was
taken from drill hole MAN23-03 from 200 to 273 meters and Sample 2
was taken from MAN23-02 from 112 to 164 meters.
Figure 1 – Plan View of Mann – Drill Results and Sample
Location Overlain on Total Magnetic Intensity
Qualified Person and Data
Verification
Arthur G. Stokreef, P.Eng (ON),
Manager of Process Engineering & Geometallurgy and a "qualified
person" as such term is defined by National Instrument 43-101, has
reviewed and approved the technical information in this news
release on behalf of Canada Nickel Company Inc.
About Canada Nickel
Canada Nickel Company Inc. 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 Company has applied in multiple jurisdictions to
trademark the terms NetZero NickelTM, NetZero
CobaltTM, NetZero IronTM 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.
Cautionary Note and Statement
Concerning Forward Looking Statements
This press release contains certain information that may
constitute "forward-looking information" under applicable Canadian
securities legislation. Forward looking information includes,
but is not limited to, the metallurgical potential of the Mann
properties including recoveries and concentrate qualities, the
economic viability of the Mann property drill and exploration
results relating to the target properties described herein (the
"Properties"), the significance of drill results, the ability to
continue drilling, the impact of drilling on the definition of any
resource, the potential of the Crawford Nickel Sulphide Project and
the Properties, timing and completion (if at all) of mineral
resource estimates, the ability to sell marketable materials,
strategic plans, including future exploration and development plans
and results, and corporate and technical objectives.
Forward-looking information is necessarily based upon several
assumptions that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking
information. Factors that could affect the outcome include,
among others: future prices and the supply of metals,
the future demand for metals, the results of drilling, inability to
raise the money necessary to incur the expenditures required
to retain and advance the property, environmental liabilities
(known and unknown), general business, economic,
competitive, political and social uncertainties, results of
exploration programs, risks of the mining industry, delays in
obtaining governmental approvals, failure to obtain
regulatory or shareholder approvals. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should
not place undue reliance on forward-looking information. All
forward-looking information contained in this press release is
given as of the date hereof and is based upon the opinions and
estimates of management and information available to management as
at the date hereof. Canada Nickel disclaims any intention or
obligation to update or revise any forward-looking information,
whether because of new information, future events or otherwise,
except as required by law. Neither TSX Venture Exchange nor
its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.