North American Nickel Inc.: 2018 Maniitsoq Exploration Program Underway
North American Nickel Inc.: 2018 Maniitsoq Exploration
Program Underway
Vancouver, British Columbia--(Newsfile Corp. - June 28, 2018) -
North American Nickel Inc. (TSXV: NAN) (OTCQB:
WSCRF) (CUSIP: 65704T 108)
(the "
Company
") is pleased to announce that the 2018 exploration program has commenced
at its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland.
The 2018 exploration program will comprise up to 12,500 metres of drilling including borehole electromagnetic (BHEM) surveys
and will test melanorite portions of prioritized intrusions at Fossilik, P-030-P-032, P-053, and in the footprint of the Imiak Hill
Complex where more continuous zones of high Ni tenor sulphide mineralization can be identified. A location map (
Figure 1
) may
be viewed using the link provided at the end of the release.
The 2018 program is designed to identify disseminated and breccia styles of mineralization that are almost exclusively
associated with the most-mafic-ultramafic portions of the noritic intrusions. Detailed surface geochemical data has been used to
support a re-interpretation of Worldview 3 satellite data to help identify the surface signature of the melanorites. Petrological and
geochemical data from drill core and known mineral zones have been used to constrain the 3D geometry of the melanorite, and
search for intact keel and root zones to the intrusions where high tenor Ni-Cu-Co-PGM sulphide mineralization may be localized.
The 2018 surface work has commenced with a number of deep-penetrating EM surveys over some of the most prospective
large bodies of melanorite. Drilling has commenced on targets associated with the Imiak Hill Complex to the south of Spotty Hill,
and along the keel structure of the Fossilik Intrusion to the north of the P-058 mineral zone.
Simultaneously the Company will be continuing the systematic exploration of the district scale Maniitsoq property and advancing
corporate social responsibility and infrastructure-related activities.
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 permitted exploration project comprising 2,985 square km covering
numerous high-grade nickel-copper + cobalt 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 hydroelectric power potential from a
quantified watershed.
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.
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 contained 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 events 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 not 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 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
.
For further information on the project, please see National Instrument 43-101 (NI 43-101) technical report prepared by SRK
Consulting (Canada) Inc. (SRK) dated effective March 17
th
, 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.
Figure 1:
Location of high priority targets for 2018.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2081/35529_a1530140942023_73.jpg