Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today announced positive preliminary drill results from the first four holes on the Midlothian Property, which is located 70 kilometres south-southeast of Timmins, Ontario. According to the update, the company has drilled four holes totaling 1,548 metres to complete its initial phase of testing a large geophysical target 2.7 kilometres along strike by up to 800 metres thick and open at depth. “This is the latest in a string of regional exploration successes – Reid, Deloro, Sothman, Texmont, and now Midlothian – as we unlock the potential of the Timmins Nickel District,” said Mark Selby, CEO of Canada Nickel Company. “Midlothian is one of our ten targets with a geophysical footprint larger than Crawford. While we are waiting for assays, we are very excited by the preliminary mineralogy results, which included the presence of heazlewoodite and significant amounts of awaruite, a nickel-iron alloy, and significant amounts of brucite, the most highly reactive mineral for carbon sequestration, at more than triple the average amount at Crawford. Each success with our geophysical targeting increases the probability of success with the balance of the portfolio and we look forward to further successes across our regional exploration program in 2023.”
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About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM) and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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