TORONTO, Sept. 4,
2024 /CNW/ - Canada Nickel Company Inc.
("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQB: CNIKF) today announced that the Company has filed on SEDAR+
an independent technical report (the "Report") prepared in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101") supporting the
initial mineral resource estimate for its 100% owned Deloro Nickel
Sulphide Project ("Deloro") near Timmins,
Ontario. There are no material differences in the Report
from those results disclosed in the Company's news release dated
July 18, 2024. The Mineral Resource
Estimate, effective as of July 17,
2024, was prepared following the CIM Definition Standards
for Mineral Resources and Reserves (November
29, 2019).
Mark Selby, CEO of Canada Nickel
commented, "Deloro is the first of
seven additional resources we expect to publish between now and
mid-2025. Deloro has an
advantageous location near both Timmins and the mining and processing
infrastructure at the Dome Mill, and benefits from a relatively low
overburden of an average of just 6 metres. We are very excited
about the success of our regional exploration program and expect to
provide a comprehensive update next week."
The full technical report dated September
3, 2024, with an effective date of July 17, 2024 is entitled "National Instrument
43-101 Mineral Resource Estimate and Technical Report on the Deloro
Nickel-Cobalt Sulphide Project." The Report was prepared for Canada
Nickel by Caracle Creek International Consulting Inc. and can be
found under the Company's issuer profile at www.sedarplus.com.
Qualified Person
Stephen J. Balch P.Geo. (ON), VP
Exploration of Canada Nickel and a "qualified person" as defined in
NI 43-101, has reviewed and approved the scientific and technical
information in this news release.
About Canada Nickel
Company 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.
For further information, please contact:
Mark Selby CEO
Phone: 647-256-1954
Email: info@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 potential of Deloro, the significance of drill results, the
ability to continue drilling, the impact of drilling on the
definition of any resource, timing and completion (if at all) of
additional mineral resource estimates, the potential of the Timmins
Nickel District, 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. Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Canada Nickel Company Inc.
