PROJECT 81: Exploration Update Canada Nickel Company Announces Comprehensive Geophysical Survey Underway on Recently Acquired Option Properties from Noble
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
TSX.V: NOB FWB: NB7 OTC.PK: NLPXF
PROJECT 81: Exploration Update
Canada Nickel Company Announces Comprehensive Geophysical Survey
Underway on Recently Acquired Option Properties from Noble
Toronto, Ontario – September 23, 2020 - Noble Mineral Exploration Inc. (“Noble” or the "Company") (TSX-
V:NOB, FRANKFURT: NB7, OTC.PK:NLPXF) is pleased to announce that it has been advised by its Option and
JV partner – Canada Nickel Company (TSX-V:CNC) (“Canada Nickel”) that a comprehensive Geophysical Survey
is underway on all of the optioned property acquired from Noble Minerals Exploration Inc., previously announced
on March 4, 2020 and May 12, 2020.
Canada Nickel will undertake detailed airborne magnetic and gravity surveys, similar to what was flown to identify
the company’s flagship Crawford Nickel-Cobalt Sulphide Project. Canada Nickel ’s comprehensive review of all
the optioned properties have revealed analogous geophysics characterist ics seen at the Crawford Nickel -Cobalt
Sulphide Project together with historical (non NI43- 101 compliant) drill intersections of economic grade Nickel
mineralization.
Vance White President and CEO said “Canada Nickel recently announced a $13.4million fina ncing and we are
very excited that certain of those funds will be put to use on the Noble Optioned Properties as expressed in their
news release. We will continue to advance Project 81 using the project generator model to follow up on numerous
drill ready targets.”
The Canada Nickel news Release dated September 23, 2020 is detailed below:
“Canada Nickel Announces Airborne Geophysical Survey Underway
on Recently Acquired Option Properties
Highlights
• Airborne magnetic and gravity survey will cover seven separate nickel- bearing target
structures with more than 30 kilometres of total strike length and ranging from 150 to
600 metres wide. Survey provides same data that was successfully utilized in the
discovery and subsequent delineation of its Crawford Nickel-Cobalt Sulphide Project
• Historic drilling yielded nickel- bearing intersections on all of the target structures,
including:
o Kingsmill – 0.30% Ni over core length of 503 metres from 118 metres in historic
hole KML-12-02 (2012) and 0.31% Ni over 302 metres core length from 20 metres
in historic hole 27090 (1966)
o Nesbitt-North – 0.28% Ni over core length of 163 metres from 233 metres in
historic hole 27083 (1966)
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
o Mahaffy-Aubin – 0.23% Ni over core length of 127 metres from 82 metres in
historic hole 31901 (1966) and core length of 276 metres of serpentinized
ultramafic mineralization (similar host mineralization at Crawford) in historic
hole T2-80-2 (1980) with no assays provided
TORONTO, September 23, 2020 – Canada Nickel Company Inc. (TSX-V:CNC) ("Canada Nickel" or
the "Company") is pleased to announce that detailed airborne magnetic and gravity surveys,
similar to what was successfully utilized at the Company’s flagship Crawford Nickel- Cobalt
Sulphide Project, began this week on its Option Properties which were acquired earlier this year
with earn-in agreements with Noble Mineral Exploration.
“This airborne survey is the critical next step in unlocking the nickel -cobalt sulphide potential of
the overall land package we have assembled in addition to our Crawford project: seven different
structures ranging in size from 2.2 kilometres long by 375 -600 metres wide (Kingsmill), to 8
kilometres long by 200 -500 metres wide (Mahaffy -Aubin). Each structure has yielded historical
drill intersections indicating that the geophysical targets identified are nickel-bearing,” said Mark
Selby, Chair and CEO of Canada Nickel.
“With our recently announced $13 million financing and this airborne survey underway, we look
forward to building on the large resource we have already defined at our Crawford nickel-cobalt
project and beginning to unlock the district scale nickel -cobalt potential we believe this region
holds over the coming autumn and winter seasons.”
Airborne survey and drilling results from the Crawford Main and East Zones showed a strong
correlation between specific magnetic and gravity signatures and nickel mineralization. This
unique geophysical signature was successfully utilized for ranking drill targets at Crawford.
The Crawford Nickel -Cobalt Sulphide Project is located in the heart of the prolific Timmins -
Cochrane mining camp in Ontario, Canada, and is adjacent to well- established, major
infrastructure associated with over 100 years of regional mining activity.
Airborne Survey
The airborne survey, flown by CGG Canada Services Ltd. using the Falcon® system, will include
measurements of the total magnetic intensity and the vertical gravity gradient made along flight
lines oriented north-south and spaced 100 m apart. The current survey totals 2,731 l-km and adds
to the previously acquired 2,000 l-km to completely cover Crawford and Carnegie Townships as
well as the Nesbitt-North, Kingsmill, MacDiarmid and Mahaffy exploration targets. See Figure 1
below.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Figure 1 – Plan view of Planned Geophysical Survey Area over Crawford, Kingsmill, Nesbitt-
Aubin, Nesbit North, MacDiarmid and Mahaffy-Aubin Properties, Ontario.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Overview of Option Properties (Previously released on July 13, 2020)
Kingsmill
The Kingsmill target is a large serpentinized ultramafic intrusion which is 2.2 km long and between
375-600 metres wide. For reference, the Crawford Main Zone resource is 1.7 km long and 225 -
425 metres wide.
Initial review of historical drilling results has yielded both significant nickel and PGM intersections
and the north side of the structure appears to have the same PGE enrichment as Crawford Main
and East Zones: 1.0 g/t PGM over 2 metres from 96 metres within 0.3 g/t PGM over 30 metres
from 69 metres in h istoric hole KML-12-11, 0.8 g/t PGM over 5 metres from 523 metres within
0.5 g/t PGM over 24 metres in historic hole KML-12-07.
The Company believes that the initial review points to several large portions of the structure
which remain highly prospective for nickel-cobalt-PGM mineralization:
• The two sections were 1.3 km apart leaving a large portion of the overall structure
completely untested
• There are several intersections which points to the potential for relatively higher
quantities of recoverable minerals
o Holes KML-12-06, KML-12-11, KML-12-12 on the Eastern section all contained
intersections with significant nickel and sulphur content (which is necessary for
formation of nickel sulphide minerals) across wide intersections (see Table 1
below)
o Hole KML-12-03, yielding 0.26% nickel and 0.03% sulphur over 130 metres, was
the only hole (of four holes on the Western section) drilled on the northern half
of the structure, which has yielded the best mineralized portions of the Crawford
Main and East Zones
o Historic hole 27090, also drilled on north side of the structure in 1966, yielded
0.31% nickel over 302 metres (sulphur was not assayed)
The understanding of the mineralogy of these deposits has evolved significantly since the
Kingsmill drilling was completed eight years ago, particularly the controls and the deportment of
potentially recoverable nickel minerals across a deposit. Initial mineralogy results from Kingsmill
in 2012 were inconclusive as the test was conducted on one master sample compiled from all
drill cores across a distance of 2 km – not taking into account the significant variability in
mineralogy between rock types, and that some ultramafic rock will have low amounts of
potentially recoverable nickel minerals.
See Tables 1a and 1b and Figure 2 for results. See below caution regarding Historical
Information.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Table 1a – Kingsmill Selected Historical Drilling Key Nickel Intersections – Holes 6, 11, 12
(Eastern), 3 (Western), Kingsmill Township, Ontario
DDH ID From To Length Ni Co Pd Pt S Fe
(m) (m) (m) (%) (%) (g/t) (g/t) (%) (%)
KML-12-02 117.1 620.6 503.5 0.30 0.012 0.003 0.003 0.01 5.36
KML-12-03 134.0 264.4 130.4 0.26 0.012 0.022 0.022 0.03 6.51
including 134.0 169.0 35.0 0.24 0.013 0.042 0.055 0.01 7.59
Including 235.0 264.4 29.4 0.27 0.011 0.008 0.003 0.06 5.94
KML-12-06 54.7 550.0 495.3 0.21 0.011 0.006 0.005 0.05 5.89
including 57.0 324.0 267.0 0.26 0.011 0.008 0.006 0.03 5.88
KML-12-11 112.0 304.0 192.0 0.24 0.011 0.009 0.006 0.03 6.11
including 181.0 303.0 122.0 0.27 0.012 0.008 0.005 0.02 6.25
KML-12-12 175.0 272.0 97.0 0.18 0.011 0.018 0.010 0.10 5.98
Note: the lengths reported are core lengths and not true widths. Canada Nickel has insufficient
information to determine the attitude, either of the ultramafic body or of mineralized zones
within it. True widths will be less than the core lengths by a number of factors. The drill hole
orientations are reported in Table 2. See below caution regarding Historical Information.
Table 1b – Kingsmill Selected Historical Drilling Key PGM Intersections – Holes 6, 11, 12
(Eastern), 3 (Western), Kingsmill Township, Ontario
DDH ID From To Length Pd+Pt Pd Pt Ni Co
(m) (m) (m) (g/t) (g/t) (g/t) (%) (%)
KML-12-07 522.0 546.2 24.2 0.4 0.2 0.2 0.06 0.008
including 523.0 528.0 5.0 0.8 0.5 0.3 0.02 0.005
KML-12-11 69.0 99.0 30.0 0.3 0.1 0.1 0.01 0.004
including 96.0 98.0 2.0 1.0 0.3 0.7 0.01 0.005
KML-12-12 153.0 157.0 4.0 0.4 0.2 0.3 0.02 0.005
Note: the lengths reported are core lengths and not true widths. Canada Nickel has insufficient
information to determine the attitude, either of the ultramafic body or of mineralized zones
within it. True widths will be less than the core lengths by a number of factors. The drill hole
orientations are reported in Table 2. See below caution regarding Historical Information.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Figure 2 – Plan view of Kingsmill Property – Historical drilling overlain on total field magnetic
intensity, Kingsmill Township, Ontario.
For details on Noble Mineral Exploration Inc.’s (“Noble”) 2012 drilling program, please see
Noble’s press release dated March 15, 2018 that is filed on www.sedar.com.
Once the resource update for Crawford is complete, the historic drilling will be re -logged based
on our understanding of the geology, and mineralogical samples will be selected to understand
the deportment of potentially recoverable nickel minerals (pentlandite, heazlewo odite,
awaruite).
Crawford-Nesbitt-Aubin
Two targets have been identified in Crawford -Nesbitt-Aubin Township, consisting of two
ultramafic units 6 km long and 150 -200 metres wide containing serpentinized peridotite, much
of it was not assayed. Inco drilling in 1964-66 yielded highlights including narrow intervals of up
to 0.35% Ni which tested the edges of the geophysical target. For reference, the Crawford Main
Zone resource is 1.7 km long and 225-425 metres wide.
See Figure 3 for results. See below caution regarding Historical Information.
Figure 3 – Plan view of Crawford-Nesbitt-Aubin Property – Historical drilling overlain on total
field magnetic intensity, Crawford, Nesbitt and Aubin Townships, Ontario.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Nesbitt North
Two ultramafic units 3.7 km long by 150 -300 metres wide with significant nickel intersections
were identified in Nesbitt township. Inco 1966 drilling highlights included 0.28% Ni over 163 m in
historic hole 27083. For reference, the Crawford Main Zone resource is 1.7 km long and 225-425
metres wide.
See Figure 4 for results. See below caution regarding Historical Information.
Figure 4 – Plan view of Nesbitt North Property – Historical drilling overlain on total field
magnetic intensity, Nesbitt Township, Ontario.
MacDiarmid
A target of 3 km by 150 -600 metres wide ultramafic intrusion with serpentinized peridotite has
been identified, much of it was not assayed. Highlights include historic hole 18127 which
intersected 142 m of mineralized peridotite which was not as sayed, and narrow intervals of up
to 0.22% Ni over 1.5 m in NRK -65-7 (1965). For reference, the Crawford Main Zone resource is
1.7 km long and 225-425 metres wide.
See Figure 5 for results. See below caution regarding Historical Information.
2500 – 120 Adelaide St. West, Toronto, OntarioM5H 1T1
Phone: 416-214-2250
Fax: 416-367-1954
Figure 5 – Plan view of MacDiarmid Property – Historical drilling overlain on total field magnetic
intensity, MacDiarmid Township, Ontario.
Note: Property continues beyond map boundary.
Mahaffy-Aubin
A target of 8 km by 200 -500 metres wide interpreted ultramafic intrusion has been identified,
much of it was not assayed. Highlights include historic hole 31901 (1966) which intersected 0.23%
Ni over 127 m, and hole T2-80-2 (1980) which intersected 277 m of serpentinized ultramafic rock
with no assays reported. For reference, the Crawford Main Zone resource is 1.7 km long and 225-
425 metres wide.
See Figure 6 for results. See below caution regarding Historical Information.
Figure 6 – Plan view of Mahaffy -Aubin Property – Historical drilling overlain on total field
magnetic intensity, Mahaffy and Aubin Townships, Ontario.