North American Nickel Inc.: Surface Deep Time Domain Electromagnetic & Gravity Geophysical Surveys Commence at Maniitsoq (Gre...
April 17 2014 - 3:01AM
Marketwired
North American Nickel Inc.: Surface Deep Time Domain
Electromagnetic and Gravity Geophysical Surveys Commence at
Maniitsoq (Greenland) Nickel Sulphide Project
Imiak Hill Conduit Complex and Regional EM Targets Reviewed with
Expert Panel
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 17, 2014) -
North American Nickel Inc.
(TSX-VENTURE:NAN)(OTCBB:WSCRF)(CUSIP:65704T 108) (the "Company") is
pleased to announce that Crone Geophysics of Mississauga, Ontario
have mobilized their crews to the Imiak Hill Conduit Complex
(IHCC), part of the Company's 100% owned Maniitsoq
nickel-copper-cobalt-PGM project in southwest Greenland.
Geophysical Surveys
Underway
The geophysical survey work now underway consists of surface
time-domain PEM and gravity surveys in the Imiak Hill Conduit
Complex, where significant nickel-copper-cobalt PGE mineralization
has been intersected in drill holes by the company over the past
two drill seasons. These intersections include:
- Imiak Hill DDH MQ-13-028: 24.75 metres of near massive to
massive sulphide grading 3.19% Ni, 1.14% Cu, 0.11% Co, including;
17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and 0.01 g/t
PGM;
- Imiak North DDH MQ-13-029: 55.75m of disseminated to near
massive and massive sulphide 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; and
- Spotty Hill DDH MQ-12-005: 123.94 meters of disseminated,
net-texture, to near massive and massive sulphide grading 0.81%
nickel, 0.21% copper, 0.03% cobalt & 0.26 g/t platinum (Pt) +
palladium (Pd) + gold (Au), including: 24.20 m @ 1.75% Ni, 0.34%
Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.
Geological Team Meeting
April 8-10, 2014 in Winnipeg
As preparation for the 2014 field and drill program all
norite-hosted nickel sulphide mineralized drill targets were
reviewed by the NAN Geological team and four invited geoscientists
familiar with nickel sulphide deposits and advanced methods of
interpretation of geophysical responses to nickel sulphide
mineralization. The review was undertaken at a meeting convened in
Winnipeg by North American Nickel with a view to expanding
discovery possibilities and then confirming and prioritizing drill
targets for this year's drill program.
President Dr. Mark Fedikow P.Geo. states: "Our deepest hole to
date at Imiak Hill in the IHCC intersected high-grade massive
sulphide nickel-copper mineralization 185 m below surface. The new
geophysical ground surveys are designed to look below that depth
and define the extent and shape of our high-grade mineralized zones
providing plunge, strike and dip attitudes for the mineralization.
The results from these 2014 ground geophysical surveys coupled with
the airborne surveys and drill results from 2012 and 2013 will
assist with drill targeting at the IHCC. Our team worked last week
with four seasoned and internationally experienced nickel sulphide
geoscientists. The agenda included a thorough review of the IHCC
and all the regional norite-hosted nickel sulphide targets
identified as a priority for the 2014 season. We look forward to
including them again along the path to discovery at Maniitsoq."
The PEM
Survey
The PEM system operates by placing a large loop of insulated
wire on the ground through which a precisely-controlled changing
current induces magnetic responses from conductors hundreds of
metres deep in the ground. It can be used to detect and
discriminate between a wide range of conductivities from poor
(zinc), to excellent (copper and nickel). Due to its unique
transmitted current waveform and its receiver's measuring system,
Crone has developed a step-response transformation of the data
which extends this range of detection and discrimination into the
extremely high conductance that is seen in nickel exploration. This
feature has made the Crone PEM system an important part of the
exploration efforts in nickel exploration camps around the world,
such as the Raglan camp, Voisey's Bay, Sudbury, Alaska, Tanzania,
Western Australia, and now Greenland.
The Gravity
Survey
In addition to the Pulse EM survey, Crone will carry out a
gravity survey with a 2 person crew consisting of a gravity
operator and a GPS operator with extensive experience in precision
gravity surveys. The equipment consists of LaCoste & Romberg
model G gravity meters with a reading resolution of 0.01 mGal. The
differential GPS (DGPS) system is the Leica - model 1230 Dual
Frequency, Dual Constellation (GPS & GLONASS) RTK, rover and
Base Station with an accuracy of 1 cm + 1 ppm in separation from
the base station to the rover. The crew has extensive worldwide
experience and is capable of reducing the data to bouguer mGal
values nightly in the field. Gravity surveys measure extremely
small variations in the Earth's gravitational field, which can be
used to locate high density material such as nickel
sulphide-bearing rock.
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 3,601 square km covering numerous high-grade
nickel-copper sulphide occurrences associated with norite and other
mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The
>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
Mark Fedikow, President
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.
North American Nickel Inc.Evan Sleeman604-986-2020Toll free:
1-866-816-0118
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