Canada Nickel Announces Further Successful Exploration Results from the “Three Giants” including Highest Grade to Date at Mann West
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Canada Nickel Announces Further Successful Exploration Results
from the “Three Giants” including Highest Grade to Date at Mann West
Highlights
• The Three Giants - Reid, Mann West, and Midlothian continue to deliver strong results
o Mann West: Highest grade interval to date with 0.63% nickel over 4.5 metres within
18 metres of 0.40% nickel within an entire mineralized core length of 452 metres of
0.27% nickel, in hole MAN24-79
o Midlothian: Consistently higher grades across entire core lengths. 0.32% nickel over
49 metres, within an entire hole length of 441.5 metres at 0.29% nickel in hole MID24-
13.
o Reid – infill and extension drilling continues in line with expectations including
targeted higher-grade nickel intersected in two new holes:
▪ 0.48% nickel over 12.0 metres and 0.41% nickel over 37.5 metres within 73.5
metres of 0.34% in REI24-52, all within an entire core length of 722.7 metres
at 0.24% nickel
▪ 0.47% nickel over 9.4 metres within 171.5 metres averaging 0.27% nickel in
REI24-51
TORONTO, March 12, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the " Company") (TSXV:
CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann
West and Midlothian properties.
CEO Mark Selby said, “Our regional exploration program is consistently yielding excellent outcomes with
each of the Three Giants delivering strong drilling results. These targets each have a target footprint larger
than our flagship Crawford Nickel Sulphide Project, underscoring the large-scale potential of the Timmins
Nickel District. We are excited to publish the remaining six resources by mid-2025, bringing the total to
eight regional resources and showcasing the vast scale of nickel resources within the District.”
Reid Project
Canada Nickel recently published its initial mineral resource for Reid (see news release dated December
23, 2024).
Following the initial resource estimate, the company continued with an infill drilling campaign in order to
upgrade resources to Measured, Indicated, and Inferred categories. Assays from nine additional holes are
presented in this release (Table 1, Figure 1).
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Drilling continues this winter at Reid where there are now 18 new completed holes with assays pending.
These holes continued to intersect long mineralized intervals comprised mainly of dunite and minor
peridotite. REI24-52 was drilled near the center of the core anomaly where it intersected targeted
higher grade nickel mineralization, confirming the continuity on strike of at least one higher grade
horizon that is oriented west-northwest to east-southeast.
The Reid project is located just 16 kilometres southwest of Crawford and contains a geophysical target of
3.9 square kilometres which is nearly 2.4 times larger than Crawford.
Table 1 – Reid drilling highlights.
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
Main Area
REI24-51 57.0 228.5 171.5 0.27 0.012 0.018 0.013 0.67 5.91 0.08
including 83.0 102.0 19.0 0.36 0.013 0.049 0.020 0.62 6.18 0.11
including 87.0 96.4 9.4 0.47 0.015 0.045 0.016 0.68 5.88 0.14
and 242.3 414.0 171.7 0.25 0.011 0.003 0.005 0.80 5.29 0.04
REI24-52 36.3 759.0 722.7 0.24 0.013 0.012 0.007 0.64 6.03 0.05
including 309.0 321.0 12.0 0.48 0.019 0.058 0.032 0.60 6.68 0.12
and 415.5 489.0 73.5 0.34 0.013 0.022 0.013 0.57 6.02 0.10
Including 415.5 453.0 37.5 0.41 0.014 0.028 0.015 0.61 6.10 0.10
REI24-53 51.0 127.3 76.3 0.24 0.011 0.005 0.006 0.78 5.54 0.06
and 141.9 307.9 166.0 0.26 0.012 0.007 0.006 0.82 5.73 0.09
REI24-54 30.5 118.7 88.2 0.19 0.013 0.003 0.003 0.55 6.62 0.02
and 136.0 160.6 24.6 0.17 0.012 0.004 0.010 0.59 7.41 0.06
and 308.5 313.0 4.5 0.06 0.013 0.708 0.827 0.50 7.53 0.02
REI24-55 45.0 301.1 256.1 0.20 0.013 0.005 0.005 0.53 7.00 0.03
and 315.1 561.0 245.9 0.22 0.012 0.005 0.006 0.67 6.55 0.04
REI24-56 70.1 621.0 550.9 0.23 0.013 0.003 0.003 0.64 5.94 0.05
REI24-58 57.0 531.0 474.0 0.25 0.012 0.004 0.004 0.81 5.61 0.04
including 160.5 174.0 13.5 0.30 0.013 0.003 0.005 0.68 5.77 0.07
Central Dyke Corridor
REI24-49 40.0 189.2 149.2 0.28 0.012 0.006 0.006 0.76 5.55 0.05
including 40.0 61.5 21.5 0.36 0.012 0.023 0.009 0.70 5.82 0.09
and 226.5 280.5 54.0 0.26 0.012 0.003 0.005 0.73 5.51 0.08
and 363.3 440.7 77.4 0.26 0.012 0.016 0.011 0.59 5.64 0.06
REI24-57 30.8 357.0 326.2 0.18 0.013 0.004 0.005 0.53 7.08 0.04
*True width undetermined. All lengths are drillhole lengths.
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Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity.
Midlothian Property
The Midlothian property is located 70 kilometres south-southeast of Timmins, 25 kilometres west of
Matachewan and is directly accessible by road. A total of 16 drillholes have been completed at this
property. All 16 holes intersected long intervals of dunite at shallow depths (Figure 2). These holes were
drilled on a target measuring 2.7 kilometres long and 0.4 to 0.9 kilometres wide with a target footprint of
1.7 square kilometres (compared to Crawford resource of 1.5 square kilometres). This release contains
assay information on the last two completed holes, each of which intersected long intervals of consistently
higher-grade mineralization. (see new releases dated April 13, 2023, May 24, 2023, and January 23 2025).
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Table 2 – Midlothian drilling highlights.
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MID24-13 112.5 554.0 441.5 0.29 0.010 0.003 0.005 0.16 4.54 0.04
Including 190.0 199.0 9.0 0.36 0.011 0.003 0.005 0.14 4.62 0.01
and 505.0 554 49.0 0.32 0.009 0.003 0.005 0.10 3.56 0.06
MID24-14 9.0 474.3 465.3 0.27 0.012 0.003 0.004 0.26 5.49 0.02
*True width undetermined. All lengths are drillhole lengths.
Figure 2. – Midlothian – CNC Drillholes Over Total Magnetic Intensity.
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Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane and is 80%
owned by Canada Nickel and 20% by Noble Mineral Exploration. The target consists of four separate
targets, Mann North, Mann West (together formerly Mann Northwest), Mann Central and Mann South.
This release provides an assay update from six holes, three holes at Mann West, and three holes at Mann
South.
Mann West
Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square
kilometres). The drill program completed focused on the southern half of the target with drilling
completed over a strike length of 1.7 kilometres and a width of at least 600 metres. All drillholes
intersected long sections of well-serpentinized peridotite and minor dunite with disseminated and visible
nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The Company has
drilled a total of 40 holes to date at Mann West (Figure 2), with 31 holes drilled during the 2024 program.
The company is currently working on an initial resource estimate expected by April 2025. Assays from
three holes are presented in this release and a final two holes are awaiting assays.
Table 3 – Mann West drilling highlights.
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAN24-79 48.7 501.0 452.3 0.27 0.012 0.025 0.013 0.25 6.28 0.10
Including 192.0 210.0 18.0 0.40 0.012 0.124 0.042 0.15 6.16 0.09
Including 205.5 210.0 4.5 0.63 0.011 0.434 0.138 0.15 5.82 0.13
and 358.5 412.5 54.0 0.34 0.013 0.037 0.017 0.15 6.11 0.15
MAN24-80 6.0 337.5 331.5 0.24 0.012 0.016 0.012 0.35 6.42 0.15
Including 43.5 54.0 10.5 0.41 0.011 0.092 0.041 0.15 5.31 0.11
and 118.5 157.5 39.0 0.29 0.014 0.019 0.006 0.57 6.32 0.12
MAN24-98 94.5 211.8 117.3 0.24 0.012 0.016 0.009 0.31 6.22 0.07
and 218.4 501.0 282.6 0.23 0.013 0.021 0.011 0.37 6.78 0.09
*True width undetermined. All lengths are drillhole lengths.
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Figure 3. – Mann W – CNC Drillholes Over Total Magnetic Intensity.
Mann South
This target is approximately 5.9 kilometres long by up to 1.2 kilometres wide, having an arcuate and
irregular shape, with an overall area of 4.1 square kilometres. The company drilled 20 holes in 2024 and
successfully intersected varying degrees of serpentinized peridotite and minor pyroxenite. Peridotite
shows anomalous values of PGE in hole MAN24-96. Assays from three holes are presented in this release.
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Table 4 – Mann South drilling highlights.
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAN24-88 61.4 496.5 435.1 0.23 0.011 0.003 0.005 0.48 5.70 0.05
MAN24-95 33.0 402.0 369.0 0.18 0.013 0.005 0.005 0.46 7.17 0.05
MAN24-96 32.1 402.0 369.9 0.17 0.013 0.052 0.065 0.38 7.06 0.01
including 38.0 65.0 27.0 0.18 0.016 0.360 0.046 0.08 8.09 0.02
and 92.5 154.5 62.0 0.08 0.014 0.109 0.347 0.33 7.58 0.01
*True width undetermined. All lengths are drillhole lengths.
Figure 4. – Mann S – CNC Drillholes Over Total Magnetic Intensity.
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Table 5: Drillhole Orientation
Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m)
MANN WEST
MAN24-79 496793.5 5412392 215 -50 501
MAN24-80 496749.9 5411989 215 -50 474
MAN24-98 495901.7 5412589 220 -50 501
MANN SOUTH
MAN24-88 503622 5408792 50 -50 501
MAN24-95 502507 5405555 55 -50 402
MAN24-96 502253 5405841 35 -50 402
REID
REI24-49 456964.1 5404097 130 -50 483
REI24-51 457900 5404100 90 -60 447
REI24-52 457349.4 5404196 180 -55 759
REI24-53 457930.1 5404253 90 -60 372
REI24-54 456960 5403900 180 -55 501
REI24-55 457754.4 5404635 90 -60 561
REI24-56 457327.8 5404025 180 -60 621
REI24-57 456960.9 5403900 130 -55 537
REI24-58 457929.4 5404172 270 -60 531
MIDLOTHIAN
MID24-13 500117 5303240 180 -50 554
MID24-14 498707 5303083 180 -52 537
Statement Regarding TSX Venture
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.
Quality Assurance and Control, Drilling and Assaying
Edwin Escarraga, MSc, P.Geo., a "qualified person" as defined by National Instrument 43 -101, is
responsible for the on -going drilling and sampling program, including quality assurance (QA) and quality
control (QC). The core is collected from the drill in s ealed core trays and transported to the core logging
facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set
of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins,
while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed
at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and
palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are
performed using a peroxide fusion and ICP -OES analysis. Certified standards and blanks are inserted at a
rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.