Press release from Marketwire
North American Nickel Extends Near Solid to Solid Sulphide Mineralization at Imiak Hill, Maniitsoq, South-West Greenland
24.75m of Significant Sulphide Mineralization Intersected in Drill Hole MQ-13-028; Mineralization Remains Open
Thursday, September 05, 2013
North American Nickel Extends Near Solid to Solid Sulphide Mineralization at Imiak Hill, Maniitsoq, South-West Greenland03:01 EDT Thursday, September 05, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 5, 2013) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP:65704T 108) (the "Company") is pleased to announce that diamond drill hole MQ-13-028 at Imiak Hill intersected a 24.75 metre core length of near solid-solid sulphide mineralization averaging approximately 35 - 40% total sulphides within noritic host rocks. The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains the 70km long Greenland Norite Belt (GNB) and is 100% owned by North American Nickel.
The intersection in MQ-13-028 is the deepest of four significant sulphide intersections made at Imiak Hill this year and extends Zone 30's significant near solid to solid sulphide mineralization ~35 metres further down plunge from hole MQ-12-026 to an overall vertical depth of 185 metres. (See figures 1, 2 and 3). The mineralization remains open at depth.
The sulphides in MQ-12-028 were contained within two intervals of mineralized norite. The first is 17.91m long and averages 40-45% sulphide and the second is 2.40m long and contains 50-60% sulphide. The two intervals are separated by 4.44m of leucogabbro. The entire intersection is summarized in the table below.
|From (m)||To (m)||Length (m)||Description|
|182.09||183.59||1.50||Norite, well mineralized 60-70% total sulphide|
|183.59||187.85||4.26||Norite, mineralized 25-30% total sulphide|
|187.85||190.87||3.02||Norite, well mineralized 65-75% total sulphide|
|190.87||192.07||1.20||Norite, well mineralized 40-50% total sulphide|
|192.07||193.80||1.73||Norite, well mineralized 60-70% total sulphide|
|193.80||195.14||1.34||Norite trace to 1% total sulphide|
|195.14||200.00||4.86||Norite, well mineralized 40-50% total sulphide|
|204.44||206.84||2.40||Norite, well mineralized 50-60% total sulphide|
|Note: the visual percent sulphide estimates and descriptions in this news release are not intended to suggest grades of contained metals, which will require assaying to determine. Mineral percentages are volume not weight.|
MQ-13-028 was drilled to test an extremely strong "step response" type of anomaly extending below the diamond drill hole MQ-13-026, which intercepted 18.62 m of mineralized norite containing an average of 40 to 45% total sulphides within Zone 30 at Imiak Hill (see NAN August 23/13 press release for details on Zone 30 and the previous three intersections).
MQ-13-028 was surveyed with a 3 component bore hole EM (BHEM) system and this mineralization has also produced an extremely strong "step response" type of anomaly. The interpretation of the anomaly, by Crone Geophysics and Exploration Ltd, indicates that the mineralization continues further down plunge at Imiak Hill. Drill core for MQ-13-028 has been logged, samples sawed in half and shipped to ALS Chemex in Sweden for analysis.
NAN CEO, Rick Mark, states: "We are extremely pleased with the continuity of the near solid to solid sulphide mineralization at Imiak Hill that we have discovered this year. It has now been intersected from near surface to below 185 metres in depth and the borehole survey tells us it remains open down plunge. That fits the nickel deposit model we are following. The Company's technical team, led by COO Neil Richardson, Chief Geologist John Pattison and Project Manager James Sparling, continues to deliver results for our shareholders."
As described in the August 23/13 press release, NAN has now delineated three, closely spaced, north-trending, near vertically dipping, steeply south-plunging mineralized zones at Imiak Hill. From east to west the zones have been provisionally named 10, 20 and 30 as shown in plan in Figure 1 and in three dimensions in Figure 2. The mineralization in MQ-13-028 correlates with Zone 30, as do the other three sulphide intersections made at Imiak in 2013. A composite longitudinal section through Imiak Hill showing the locations of all intersections to date is included in Figure 3.
Since commencing the 2013 field program in late June, NAN has drilled 22 holes totaling 3,711 meters at Maniitsoq. The drill has now been moved from Imiak Hill to test other high priority, norite-associated electromagnetic anomalies prior to the end of the field season.
Collar coordinates for all of the Company's drill holes at Imiak are listed in the table below.
|*WGS84 UTM Zone 22N|
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President, North American Nickel Inc.
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 27.5% of NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 5,106 square km's covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. 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
Neil Richardson, COO
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.
To view the Figures associated with this press release, please visit the following link: http://media3.marketwire.com/docs/NAN-0904-FIGS1-3.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
North American Nickel Inc.
604-986-2020 or Toll free: 1-866-816-0118