New Nickel Discovery at Fossilik
Drill Program Ends, Assays Pending
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2013) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP:65704T 108) (the "Company") is pleased to announce that the Company has made a new discovery at drill hole MQ-13-018 , which is ~9 km south of the Imiak Hill Conduit Complex (IHCC). It intersected three new zones of nickel sulphide; all hosted by the Fossilik intrusion, which is the largest norite body in the Greenland Norite Belt at ~8 sq. km. MQ-13-018 is associated with NAN's 2012 VTEM conductor P-04.
This new discovery is within a 10km radius from the Imiak Hill Conduit Complex, which the Company believes to be a reasonable distance to truck mineralization to a potential central mining / concentrating complex at, or near, Imiak Hill (see map 1).
NAN CEO, Rick Mark states. "This discovery is only 9 km from our recently announced near solid to solid sulphide intersections at Imiak Hill and Imiak North. It has significant near surface Ni-Cu-Co & PGM mineralization which is disseminated, similar to mineralization at Spotty Hill within the IHCC. The Fossilik norite also contains historical mineralized zones with grades of up to 2.24% Ni and 0.63% Cu. It creates a new area of focus for the company and bolsters our belief that the Maniitsoq conduit system has potential to produce multiple deposits."
MQ-13-018 HIGHLIGHTS:
· 32.19m @ 0.59% NI, 0.18% Cu, 0.02% Co, 0.21 g/t PGM (Zone 1)
Including:
· 4.53m @ 1.06% Ni, 0.23% Cu, 0.04% Co, 0.33 g/t PGM
The mineralization was intersected between 35 and 160 m vertically below surface and it consists mainly of disseminated and blebby sulphides with occasional short intervals of inclusion bearing sulphide. All of the sulphides are hosted in massive melanocratic norite.
The Fossilik intrusion also hosts several historical showings including the Fossilik I and II occurrences:
· Fossilik II includes historical drill holes with grades of up to 2.24% Ni and 0.63% Cu over a core length of 12.89 metres in drill hole FoIl-1
· Fossilik I includes historical drill holes with grades of 1.07% Ni and 0.46% Cu over a core length of 25.10 metres in drill hole F-3.
To view Map 1 , please visit the following link: http://media3.marketwire.com/docs/nan0926map1.pdf
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