Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company that is advancing the next generation of nickel-sulphide projects, announced an initial mineral resource estimate (“MRE”) for its 100% owned Deloro Nickel Sulphide Project, which is located near Timmins, Ontario, in the heart of the prolific Timmins-Cochrane mining camp. According to the MRE, seven exploration rigs are currently drilling across the Timmins Nickel District, and the company anticipates the first of seven new nickel resources to be published by end of the first quarter of 2025, which will demonstrate the potential scale of the Timmins Nickel District. In addition, the project has initial Indicated Resource of 81 million tonnes grading 0.25% nickel containing 202kt of nickel plus a further Inferred Resource of 357 million tonnes grading 0.25% nickel containing 885kt of nickel. “We are very pleased with the size of this initial resource on Deloro, particularly given the relatively small scale of the target footprint relative to the 20+ targets in our portfolio,” said Canada Nickel CEO Mark Selby in the press release. “Deloro has an advantageous location near both Timmins and the mining and processing infrastructure at the Dome Mill, and benefits from a relatively low overburden of an average of just 9 meters. Our exploration program continues to successfully demonstrate the potential of the Timmins Nickel District and now has seven drill rigs operating – four drilling on our Mann Central and Mann Northwest properties, two completing the next phase of drilling at our Reid project, and one targeting the east end of our Reaume project. Updates on drilling at each of these properties will be provided as assay results are compiled.”
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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 about the company, 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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