North American Nickel Inc.: Significant Near Solid to Solid Sulphide Mineralization Intersected
August 23 2013 - 3:01AM
Marketwired Canada
North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announce that diamond drill hole MQ-13-026
intersected an 18.62 metre core length of sulphide mineralization averaging
approximately 40 - 45% total sulphides, including numerous sections containing
65% to 80% sulphides, within noritic host rocks at the Imiak Hill
nickel-copper-cobalt zone on the Maniitsoq project.(see MQ-13-026 table). This
is the deepest of three sulphide intersections, all described in this release,
that have been drilled at Imiak Hill in 2013. Drill core has been logged,
samples sawed in half and shipped to ALS Chemex in Sweden for analysis. Assay
results for all three holes are pending and further drilling is planned.
Figure 1 is a high-resolution photograph that documents the entire 18.62 m long
intersection in MQ-13-026, which includes inclusion-bearing near solid and solid
sulphides
NAN COO, Neil Richardson, states: "We are pleased to report that drill hole MQ
13-026 is the best intersection we have seen to date with intense sulphides
clearly present and our BHEM surveys indicate that Imiak Hill is still open down
plunge. It is also important to note is that the intensity of the sulphide
mineralization, as shown in the three holes referenced in this release, is
increasing with depth. It is common knowledge that most nickel deposits occur
at, or near the base of, mafic intrusions, so we will continue to follow the
high grade mineralization down towards the base of the Imiak Hill mafic norite
intrusion with additional drilling and borehole geophysics."
Drill hole MQ-13-026 intersected near solid to solid sulphides with numerous
sections containing 65-80% total sulphides. A description of the intersection is
given in the table below:
MQ-13-026 Sulphide intersection
----------------------------------------------------------------------------
From (m) To (m) Length (m) Description
----------------------------------------------------------------------------
156.70 157.16 0.46 Norite, well mineralized, 25% sulphide
----------------------------------------------------------------------------
157.16 161.17 4.01 Norite, near solid sulphide, 75%
sulphide
----------------------------------------------------------------------------
161.17 162.10 0.93 Norite, well mineralized, 20% sulphide
----------------------------------------------------------------------------
162.10 162.53 0.43 Norite, near solid sulphide, 75%
sulphide
----------------------------------------------------------------------------
162.53 164.00 1.47 Norite
----------------------------------------------------------------------------
164.00 164.42 0.42 Norite, near solid sulphide, 85%
sulphide
----------------------------------------------------------------------------
164.42 165.20 0.78 Norite, well mineralized, 30% sulphide
----------------------------------------------------------------------------
165.20 165.94 0.74 Norite, near solid sulphide, 85%
sulphide
----------------------------------------------------------------------------
165.94 166.97 1.03 Norite, 2-3% sulphide
----------------------------------------------------------------------------
166.97 167.62 0.65 Norite, near solid sulphide, 70%
sulphide
----------------------------------------------------------------------------
167.62 168.00 0.38 Norite
----------------------------------------------------------------------------
168.00 168.20 0.20 Norite, near solid sulphide, 70%
sulphide
----------------------------------------------------------------------------
168.20 168.77 0.57 Norite, well mineralized, 40% sulphide
----------------------------------------------------------------------------
168.77 172.07 3.30 Norite, near solid sulphide, 75%
sulphide
----------------------------------------------------------------------------
172.07 172.61 0.54 Norite
----------------------------------------------------------------------------
172.61 175.32 2.71 Norite, near solid sulphide, 70%
sulphide
----------------------------------------------------------------------------
Note: the visual percent sulphide estimates and descriptions in this news
release are not intended to suggest grades of contained metals, which will
require assaying to determine. Mineral percentages are volume not weight.
The MQ-13-026 intersection occurs 142 to 159 m vertically below surface and is
currently the deepest at Imiak, which suggests that the intensity of sulphide
mineralization in the noritic host rock is increasing with depth. The hole was
surveyed with a 3 component bore hole EM (BHEM) system and the mineralization
produced an extremely strong "step response" type of anomaly. Interpretation by
Crone Geophysics and Exploration Ltd. indicates that the mineralization
continues down plunge.
North American Nickel has now delineated three, closely spaced, north-trending,
near vertically dipping, steeply south-plunging mineralized zones at Imiak Hill.
From east to west the zones have been provisionally named 10, 20 and 30 as shown
on the attached plan map (Figure 2). The mineralization in MQ-13-026 correlates
with Zone 30. A composite longitudinal section through Imiak Hill with all the
intersections to date is included (Figure 3).
Sulphide textures, such as inclusion bearing massive and semi-massive sulphide,
in MQ-13-026 are similar to those observed in the mineralized 2012 Imiak drill
holes (MQ-12-001 and MQ-12-002); however, the volume percentage of sulphide in
MQ-13-026 is significantly higher.
Drill hole MQ-13-024 intersected a 14.15 metre long interval of well mineralized
to semi massive sulphides with an estimated average of 30-35% total sulphides
approximately 36 metres up-plunge of MQ-13-026. This intersection also
correlates with Zone 30. The hole was surveyed with a Crone 3D BHEM system and
the resulting interpreted conductor plate fits well with Zone 30 as outlined
from drilling.
MQ-13-024 Sulphide intersection
----------------------------------------------------------------------------
From (m) To (m) Length (m) Description
----------------------------------------------------------------------------
136.75 141.98 5.23 Norite, strongly mineralized 50%
sulphide
----------------------------------------------------------------------------
141.98 145.61 3.63 Norite
----------------------------------------------------------------------------
145.61 146.53 0.92 Norite strongly mineralized 30-40%
sulphide
----------------------------------------------------------------------------
146.53 148.15 1.62 Norite
----------------------------------------------------------------------------
148.15 150.90 2.75 Norite, strongly mineralized 50-60%
sulphide
----------------------------------------------------------------------------
150.90 153.31 2.41 Norite 2-3% sulphide
----------------------------------------------------------------------------
Note: the visual percent sulphide estimates and descriptions in this news
release are not intended to suggest grades of contained metals, which will
require assaying to determine. Mineral percentages are volume not weight.
Drill hole MQ-13-019, located 30 metres up-plunge of MQ-13-024 and 66 metres
up-plunge of MQ-13-026 intersected 10.75 metres of sulphide mineralization that
also correlates with Zone 30. This mineralization is more disseminated in
nature. The hole was surveyed with the Crone BHEM instrument and a late channel
(strong) off-hole anomaly was detected below and south of the hole.
MQ-13-019 Sulphide intersection
----------------------------------------------------------------------------
From (m) To (m) Length (m) Description
----------------------------------------------------------------------------
118.09 118.93 0.84 Norite,10-15% sulphide
----------------------------------------------------------------------------
118.93 120.52 1.59 Norite, 20-25% sulphide
----------------------------------------------------------------------------
120.52 121.65 1.13 90% sulphide, 10% norite gangue
----------------------------------------------------------------------------
121.65 128.84 7.19 Norite, 5% sulphide in small massive
bands
----------------------------------------------------------------------------
Note: the visual percent sulphide estimates and descriptions in this news
release are not intended to suggest grades of contained metals, which will
require assaying to determine. Mineral percentages are volume not weight.
To conclude, the mineralization at Imiak is open at depth and the geological
team continues to develop a geological model that currently includes at least
three zones of mineralization. The latest drilling indicates that the
mineralization is strengthening with depth, producing late channel off-hole BHEM
anomalies.
Since commencing the 2013 field program in late June, NAN has drilled 27 holes
totaling 3037 meters at Maniitsoq. Drilling continues.
Collar coordinates for all of the Company's drill holes at Imiak are listed in
the table below.
----------------------------------------------------------------------------
Hole East (m) North Elevation Azimuth DIP Length
Number (i) (m)(i) (masl) ( degrees ) ( degrees ) (m)
----------------------------------------------------------------------------
MQ-12-001 477455 7257225 546 275 -45 106.07
----------------------------------------------------------------------------
MQ-12-002 477455 7257225 546 275 -70 173.12
----------------------------------------------------------------------------
MQ-12-003 477485 7257186 543 275 -73 292
----------------------------------------------------------------------------
MQ-12-004 477459 7257260 540 275 -45 95.4
----------------------------------------------------------------------------
MQ-13-019 477484 7257189 546 275 -55 176
----------------------------------------------------------------------------
MQ-13-020 477490 7257141 532 275 -62 209
----------------------------------------------------------------------------
MQ-13-023 477484 7257215 547 275 -59 188
----------------------------------------------------------------------------
MQ-13-024 477497 7257174 547 275 -59 197
----------------------------------------------------------------------------
MQ-13-025 477475 7257235 545 269 -45 122
----------------------------------------------------------------------------
MQ-13-026 477490 7257141 532 295 -65 215
----------------------------------------------------------------------------
(i)WGS84 UTM Zone 22N
Qualified Person
All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and President, North American
Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba
nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 27.5% of
NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 5,106
square km's covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The 70km plus long belt is situated along, and near, the
southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty
Hill confirm the high value and potential of the GNB.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX
Mining. The property lies along the extension of the Whistle Offset dyke
structure. Such geological structures host major Ni-Cu-PGM deposits and
producing mines within the Sudbury Camp.
Statements about the Company's future expectations and all other statements in
this press release other than historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from the expected
results.
ON BEHALF OF THE BOARD OF DIRECTORS
Rick Mark, CEO and Chairman
North American Nickel Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Figures 1 to 3 are available at the following address:
http://media3.marketwire.com/docs/NAN_Figures_0822.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Nickel Inc.
Rick Mark
CEO and Chair
604-986-2020
Toll free: 1-866-816-0118
North American Nickel (TSXV:NAN)
Historical Stock Chart
From Jun 2024 to Jul 2024
North American Nickel (TSXV:NAN)
Historical Stock Chart
From Jul 2023 to Jul 2024
