North American Nickel Inc.: Discovery of High Grade Nickel Sulphide Mineralization at Imiak North
October 23 2013 - 3:01AM
Marketwired Canada
North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announce a new discovery of high grade nickel and
copper-cobalt-PGM mineralization at Imiak North, 950m north of Imiak Hill, and
additional copper-nickel-cobalt and elevated-PGM mineralization at Spotty Hill,
1350m east of Imiak Hill.
Imiak North and Spotty Hill are two of three mineralized conduits at the Imiak
Hill Conduit Complex (IHCC) located in the northern part of the Company's 100%
owned Maniitsoq Nickel - Copper - Cobalt and PGM sulphide project in southwest
Greenland (See fig. 1 for the IHCC, fig. 2 for Imiak North, and fig. 3 for
Spotty Hill:
http://media3.marketwire.com/docs/NR_102313_NAN_Results_Figures.pdf).
IMIAK NORTH
DDH MQ-13-029: at 58m down the hole:
-- Intersected 55.75m grading: 1.28% nickel, 0.36% copper, 0.04% cobalt,
and 0.03 g/t PGM
-- Including: 9.99m of 4.65% nickel, 0.33% copper, 0.13% cobalt and
0.08 g/t PGM
DDH MQ-13-027: at 34m down the hole:
-- Intersected 64.11m grading: 0.45% nickel, 0.20% copper, 0.01% cobalt and
0.02 g/t PGM
-- Including: 24.98m of 0.71% nickel, 0.31% copper, 0.01% cobalt and
0.04 g/t PGM
SPOTTY HILL
DDH MQ-13-022: at 197m down the hole:
-- Intersected 20.07m grading: 0.68% nickel, 0.28% copper, 0.02% cobalt and
0.32 g/t PGM
-- Including: 2.07m of 2.03% nickel, 0.11% copper, 0.07% cobalt and 0.78
g/t PGM
Hole MQ-13-022 was drilled to the southeast of hole MQ-12-005 and intersected
the eastern edge of the previously discovered mineralized conduit at Spotty
Hill. This conduit is a body plunging steeply to the east with the heart of the
system lying to the north and below hole MQ-13-022. The conduit is open at depth
and additional drilling will test the down plunge potential of this
nickel-copper-PGM system.
NAN COO, Neil Richardson, states: "We are very pleased to see that our near
solid sulphide discovery at Imiak North contains high grades of nickel, copper,
and cobalt. It is also good news that the disseminated sulphide intersections at
Imiak North have significant nickel, copper and PGMs. In MQ-13-022, the third
drill hole at Spotty Hill since drilling began at Maniitsoq in 2012, we again
see higher grade platinum and palladium mineralization within disseminated
sulphides. This geological setting continues to resemble distal style sulphides
with elevated PGMs as seen in Sudbury footwall deposits. These results from
Imiak North and Spotty Hill reinforce our geological model for the IHCC and both
remain open at depth."
Table 1. Summary of drill holes with assay results from Spotty Hill - Imiak North
----------------------------------------------------------------------------
Core
From To Length Pt
Hole Number Zone (m) (m) (m) Ni% Cu % Co % g/t
----------------------------------------------------------------------------
MQ-13-021 Imiak North NSA(i)
----------------------------------------------------------------------------
MQ-13-022 Spotty Hill 123.25 123.55 0.30 2.37 0.54 0.07 0.45
----------------------------------------------------------------------------
MQ-13-022 Spotty Hill 147.17 180.59 33.42 0.35 0.11 0.01 0.06
----------------------------------------------------------------------------
MQ-13-022 Spotty Hill 196.93 217.00 20.07 0.68 0.28 0.02 0.16
----------------------------------------------------------------------------
including Spotty Hill 196.93 199.00 2.07 2.03 0.11 0.07 0.33
----------------------------------------------------------------------------
MQ-13-027 Imiak North 33.84 97.95 64.11 0.45 0.20 0.01 0.01
----------------------------------------------------------------------------
including Imiak North 33.84 58.82 24.98 0.71 0.31 0.01 0.03
----------------------------------------------------------------------------
including Imiak North 88.25 96.00 7.75 0.76 0.28 0.02 0.03
----------------------------------------------------------------------------
MQ-13-029 Imiak North 57.75 113.50 55.75 1.28 0.36 0.04 0.02
----------------------------------------------------------------------------
Including Imiak North 82.01 113.50 31.49 1.94 0.43 0.05 0.03
----------------------------------------------------------------------------
Including Imiak North 103.51 113.50 9.99 4.65 0.33 0.13 0.06
----------------------------------------------------------------------------
--------------------------------------------------------------------------
True_
Pd Au TPM Width
Hole Number Zone g/t g/t g/t(1) S % (m)
--------------------------------------------------------------------------
MQ-13-021 Imiak North NSA(i)
--------------------------------------------------------------------------
MQ-13-022 Spotty Hill 0.69 0.12 1.26 9.69 NC
--------------------------------------------------------------------------
MQ-13-022 Spotty Hill 0.07 0.01 0.14 1.34 NC
--------------------------------------------------------------------------
MQ-13-022 Spotty Hill 0.16 0.01 0.33 3.06 NC
--------------------------------------------------------------------------
including Spotty Hill 0.45 0.00 0.78 10.11 NC
--------------------------------------------------------------------------
MQ-13-027 Imiak North 0.01 0.02 0.04 1.84 NC
--------------------------------------------------------------------------
including Imiak North 0.01 0.03 0.07 2.91 NC
--------------------------------------------------------------------------
including Imiak North 0.02 0.03 0.08 3.21 NC
--------------------------------------------------------------------------
MQ-13-029 Imiak North 0.01 0.03 0.06 5.68 NC
--------------------------------------------------------------------------
Including Imiak North 0.01 0.04 0.08 8.59 NC
--------------------------------------------------------------------------
Including Imiak North 0.02 0.06 0.14 20.22 NC
--------------------------------------------------------------------------
Note: (m) = metres,% = percent, g/t = grams per tonne, NC = not calculated
NSA(i) - no significant assays
(1) TPM is total precious metals (gold+platinum+palladium)
Table 2. Collar coordinates of holes drilled at Imiak North and Spotty Hill. The
datum used to acquire the UTM coordinates is Universal Transverse Mercator/World
Geodetic System 84/Zone 22N. Azimuth is degrees from true north. Elevation
indicates metres above sea level.
----------------------------------------------------------------------------
Hole UTM UTM UTM Length
Number East North Elevation (metres) Azimuth Dip Target
----------------------------------------------------------------------------
MQ-13-021 477953 7258010 484 155 320 -60 Imiak North
----------------------------------------------------------------------------
MQ-13-022 478986 7257278 629 290 220 -65 Spotty Hill
----------------------------------------------------------------------------
MQ-13-027 477967 7258023 486 170 330 -48 Imiak North
----------------------------------------------------------------------------
MQ-13-029 477969 7258025 487 143 314 -57 Imiak North
----------------------------------------------------------------------------
Mineralized intervals continue to be hosted within dark colored green-grey
massive and weakly magnetic norite with occasional clasts of medium to coarse
grained norite in mineralized intervals.
Drill logs and additional maps is available on the company's website at
http://www.northamericannickel.com/
Drill core assay results are evaluated as part of a Quality Assurance and
Quality Control procedure that includes the use of multi-element, certified
standards with known precious and base metal values, blank standards and control
charts to determine accuracy and precision of analytical results. Core sample
analysis was completed by ALS Scandinavia AS of Ojebyn, Sweden. Three methods of
analysis were used to determine element concentrations in the rock samples
submitted to ALS. These were 1. A multi-element scan, subsequent to a four-acid
digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram
sample with ICP-AES finish; and 3. Samples with greater than 1.00% Ni or Cu were
re-analyzed by ICP-AES calibrated for ore grade detection limits. Samples with
greater than 0.50% S were re-analyzed by Leco furnace and infrared spectroscopy.
The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains
the 75km-long Greenland Norite Belt (GNB) and is 100% owned by North American
Nickel.
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 23.9% of
NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 5,106
square kms covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The greater than 75km-long belt is situated along, and near,
the southwest coast of Greenland, which is pack ice free year round.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM
International Ltd. 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
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Nickel Inc.
Evan Sleeman
604-986-2020 or Toll free: 1-866-816-0118
www.northamericannickel.com
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