High Grade Massive Nickel Sulphides Intersected at P-058:
NORTH AMERICAN NICKEL INC.
2200-1055 W. Hastings Street
Vancouver, BC
V6E 2E9
Tel: (604) 770-4334
Toll Free: 1-866-816-0118
HIGH GRADE MASSIVE NICKEL SULPHIDES INTERSECTED AT P-058:
10.70m @ 2.53% Ni, 1.26% Cu and 0.07% Co
Vancouver, British Columbia , November 23, 2017 – North American Nickel Inc. (TSX VENTURE:
NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the "Company") is pleased to report that assays have
been received from drill holes completed to test the P-058 sulphide zone at the Fossilik area on the
Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland.
Hole MQ -17-146 inte rsected the extension of the P -058 zone comprised of high grade massive nickel
sulphide veins.
Highlights include:
MQ-17-146:
o 10.70m @ 2.53% Ni, 1.26% Cu, 0.07% Co and 0.11 g/t Pt+Pd+Au including
3.50m @ 4.97% Ni, 2.30% Cu, 0.13% Co and 0.20 g/t Pt+Pd+Au and
2.20m @ 3.35% Ni, 1.31% Cu, 0.10% Co and 0.16 g/t Pt+Pd+Au
Mineralization is characterized by high nickel tenors and elevated copper and cobalt values.
Drilling and borehole electromagnetic (BHEM) surveys have extended the P-058 mineralized
system from surface to a vertical depth of 650 metres where it remains open down -dip and down
plunge.
An increased volume of norite has been intersected at depth and represents a possible source of
the remobilized sulphides.
NAN CEO, Keith Morrison, commented: “This exceptional result is consistent with the Company’s 2016
drilling assays at P-058 (see News Release dated October 12, 2016). Drilling and borehole EM data now
indicate that this well mineralized zone extends to a vertical depth of 650 metres. Fossil ik is the largest
known mineralized norite intrusion within the Greenland Norite Belt. These results, combined with previous
drilling results at P-004 and P-059 as well as additional nickel sulphide occurrences in the immediate area,
demonstrate and prioritize the overall prospectivity of the Fossilik area.”
Six holes totalling 2,621 metres were completed at the P-058 target located in the Fossilik area in the central
portion of the Greenland Norite Belt (Figure 1). This release summarizes the results for four holes totalling
2,384 metres that were completed to target depth. Two additional holes were abandoned and did not reach
target depth. Drill collar information and a summary of assays are provided in Tables 1 and 2 respectively.
A drill plan map is pr ovided in Figure 2 and a n inclined longitudinal section is shown in Figure 3. Figures
may be viewed using the link provided at the end of this release.
Further details of the drilling completed at P-058 are given below.
Table 1: Drill Collar Information, P-058
Hole Number UTM East UTM North Elevation
(m)
Length
(m) Azimuth Dip
MQ-17-144* 473658 7248706 630 528.00 126 -64
MQ-17-145 474023 7248406 569 7.50 320 -51
MQ-17-146 474022 7248408 569 512.00 321 -53
MQ-17-148 474017 7248471 580 658.00 309 -62
MQ-17-151** 474022 7248410 569 229.80 317 -63
MQ-17-152 474021 7248412 569 686.00 344 -57
Note: Collar coordinates in UTM WGS84 Zone 22N
Abandoned Holes: * Hole lost in casing at 7.5m ** Hole terminated at 229.8m
Table 2: Assay Results, P-058
Hole
Number
From
(m)
To
(m)
Core
Length
(m)
Ni
%
Cu
%
Co
%
S
%
Pt
g/t
Pd
g/t
Au
g/t
MQ-17-144 NSA
MQ-17-146 408.30 410.20 1.90 2.51 0.15 0.08 14.94 0.00 0.02 0.01
incl. 408.30 408.90 0.60 4.70 0.40 0.18 30.89 0.00 0.03 0.03
and 409.80 410.20 0.40 4.73 0.07 0.12 23.67 0.01 0.04 0.01
451.50 462.20 10.70 2.53 1.26 0.07 14.63 0.06 0.02 0.03
incl. 452.50 456.00 3.50 4.97 2.30 0.13 28.26 0.09 0.04 0.07
and 458.00 460.20 2.20 3.35 1.31 0.10 19.16 0.13 0.02 0.01
MQ-17-148 NSA
MQ-17-152 NSA
Note: Intervals represent core lengths, not necessarily true widths.
NSA – No Significant Assays
The P-058 sulphide zone is located near the southwest end of the large Fossilik intrusion within a northeast
striking and steeply northwest dipping structural panel consisting of mineralized norite, orthogneiss and
parallel to sub-parallel mylonite zones. The mineralization consists mainly of high grade remobilized semi -
massive to massive stringer, vein and breccia sulphides with nickel tenors (percent nickel re -calculated to
100% sulphides) of between 5.5 and 8.0%.
Near surface drilling completed prior to 2016 intersected narrow, near surface remobilized sulphide veins
and stringers which were correlated with small , moderate to high conductance BHEM anomalies. In 2016,
deeper follow-up drilling intersected wider zones of remobilized sulphides associated with larger moderate
to high conductance BHEM anomalies. Main and footwall zones were defined, grading up 3.41% nickel,
0.28% copper and 0.10% cobalt over 10.20 metres (see News Release dated October 12, 2016) and the
mineralization was extended to a vertical depth of 350 metres.
The goal of the 2017 drilling was to test for continuity and potential expansion of the P -058 mineralization
at depth as a means of vectoring to the ultimate source of the remobilized sulphides. Four of six holes (MQ-
17-144, 146, 1 48 and 152) were completed to target depth and two holes (MQ -17-145 and 151) were
abandoned (see Figures 2 and 3).
Hole MQ-17-146 intersected two intervals of remobilized massive sulphide veins hosted in orthogneiss
country rocks which returned the following grades:
Footwall zone: 2.51% nickel, 0.15% copper and 0.08 cobalt over 1.90 metres from 408.30 to
410.20 metres downhole including:
o 4.70% nickel, 0.40% copper and 0.18% cobalt over 0.60 metres and
o 4.73% nickel, 0.07% copper and 0.12% cobalt over 0.40m
Main zone: 2.53% nickel, 1.26% c opper and 0.07% cobalt over 10.7 0 metres from 451.50 to
462.20 metres downhole including: (see Figure 4)
o 4.97% nickel, 2.30% copper and 0.13% cobalt over 3.50 metres and
o 3.35% nickel, 1.31% copper and 0.10% cobalt over 2.20 metres
Holes MQ-17-144, 148 and 152 intersected the expected norite -orthogneiss-mylonite stratigraphy but did
not intersect any significant mineralization. All three holes are interpreted to have passed close to the
mineralized corridor as indicated by the trend of moderate to high conductance BHEM anomalies detected
from borehole surveys of the holes (see Figure 3). The gap in the trend of BHEM responses immediately
above the elevation of holes MQ-17-148 and 152 indicates either a gap in the mineralization or an area of
poorly conductive sulphides.
The P-058 mineralization strikes northeast, dips steeply to the northwest and plu nges moderately to the
NNE. New drilling has extended the main zone to a vertical depth of 435 metres and the main and footwall
zones are interpreted to be open down dip and down plunge . The overall footprint of the mineralization is
interpreted to extend from surface to a vertical depth of 650 metres based on BHEM results.
The P-058 norite intrusion appears to be either widening or mer ging with a larger norite body at depth to
the NNE in the direction of the Fossilik intrusion. This larger volume of norite represents a potential source
for P-058 mineralization.
Quality Control
The drilling was completed by Cabo Drilling Corp (Canada) utilizing two Atlas Copco S2 diamond drill rigs.
Additionally, drilling completed in September included a Helí 1500 Marcotte drill rig sourced from Arctic
Core Drilling A/S (Greenland) and manned by a drill crew from Forage -M3 Drilling (Canada). Drill core
samples (36.5 mm BQ and 47.6 mm NQ) are cut in half by a diamond saw on site. Half of the core is
retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion
of the site geologists. Sample preparation is completed at the GeoLAB Greenland ApS preparation lab in
Nuuk, Greenland. Sample pulps are sent by air to the MS Analytical laboratory in Langley, BC, Canada.
Blank samples and commercially prepared and certified Ni sulphide analytical control standar ds with a
range of grades are inserted in every batch of 20 samples or a minimum of one per sample batch. Analyses
for Ni, Cu and Co are completed using a sodium peroxide fusion preparation and ICP-ES finish (PER-700).
Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP -AES finish
(FAS-113).
Technical Information; Qualified Person
The Company is not aware of any legal, political, environmental or other risks that could materially affect
the potential development of the project other than those set out in its annual information form filed on
www.sedar.com. Please see below under the heading "Cautionary Note Regarding Forward -looking
Statements" for further details regarding risks facing the Company.
All technical information in this release has been reviewed and approved by Patricia Tirschmann, P.Geo,
who is the Qualified Person for the Company and Vice President Exploration, North American Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq,
Greenland and Sudbury, Ontario.
The Maniitsoq property in Greenland is a Camp scale project comprising 2,985 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 accessible from the existing Seqi deep water port with an all year round
shipping season and abundant hydro-electric potential.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing
Podolsky copper-nickel-platinum group metal deposit of KGHM Internat ional 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.
Cautionary Note Regarding Forward-looking Statements
This press release contains certain "forward -looking statements" and "forward -looking information" under
applicable securities laws concerning the business, operations and financial performance and condition of
the Company. Forward-looking statements and forward-looking information include, but are not limited to,
statements with respect to the success of exploration activities; impact of mineralogy, estimation of mineral
resources at mineral projects of the Company; the future economics of minerals including nickel and copper;
synergies and financial impact facilities; the benefits of the development potential of the properties of the
Company and currency exchange rate fluctuations. Except for statements of historical fact relating to the
Company, certain information con tained herein constitutes forward -looking statements. Forward -looking
statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate," "estimate" and other similar words, or statements that certain ev ents or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions and estimates of management at the
date the statements are made, and are based on a number of assumptions and subject to a variety of risks
and uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward-looking statements. Many of these assumptions are based on factors and events
that are not within the control of the Company and there is no assurance they will prove to be correct.
Factors that could cause actual results to vary materially from results anticipated by such forward -looking
statements include variations in metal grades, changes in market conditions, variations in recovery rates,
risks relating to international operations, fluctuating metal prices and currency exchange rates, and other
risks of the mining industry, including but not limited to the failure of plant, equipment or processes to
operate as anticipated. The Company cautions that the foregoing list of important factors is not exhaustive.
Investors and others who base themselves on forward -looking statements should carefully consider the
above factors as well as the uncertainties they represent and the risk they entail. The Company believes
that the expectations reflected in those forward -looking statements are reasonable, but no assurance can
be given that these expectations will prove to be correct and such forward -looking statements included in
this press release should no t be unduly relied upon. These statements speak only as of the date of this
press release. The Company undertakes no obligation to update forward -looking statements if
circumstances or management's estimates or opinions should change except as required by applicable
securities laws.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other factors
that cause actions, events or results not to be anticipated, estimated or intended. Statements concerning
mineral reserve and resource estimates may also be deemed to constitute forward -looking statements to
the extent they involve estimates of the mineralization that will be encountered if the property is developed.
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 Secu rities
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 . For
further information on the project, please see National Instrument 43 -101 (NI 43 -101) t echnical report
prepared by SRK Consulting (Canada) Inc. (SRK) dated effective March 17th, 2017, titled “ Updated
Independent Technical Report for the Maniitsoq Nickel-Copper-Cobalt-PGM Project, Greenland”, available
under the Company's profile at www.sedar.com or at www.northamericannickel.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Fedikow
President
North American Nickel Inc.
For more information contact:
North American Nickel Inc.
Jaclyn Ruptash
Corporate Communications
(604) 770-4334
Toll free: 1-866-816-0118
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.