HIGH GRADE NICKEL CONFIRMED AT IMIAK HILL
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HIGH GRADE NICKEL CONFIRMED AT IMIAK HILL
Intersects 18.62m of 4.31% Ni, incl. 7.12m of 5.18% Ni
Vancouver, British Columbia, October 10, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce high grade nickel-copper-cobalt mineralization at its Imiak Hill discovery based on results from drill holes MQ-13-019, MQ-13-024 and MQ-13-026.
Assays of up to 7.06% nickel in MQ-13-026 and 6.26% nickel in MQ-13-024 have been received.
Imiak Hill is one of three mineralized conduits at the Imiak Hill Conduit Complex (IHCC) located in the northern part of the Company's 100% owned Maniitsoq Nickel - Copper - Cobalt and PGM project in southwest Greenland (See figure 1 and figure 2).
IMIAK HILL
Highlights of the Imiak Hill drilling:
DDH MQ-13-026: at 149 m down the hole:
· Intersected 25.51m grading: 3.25% nickel, 0.48% copper, 0.11% cobalt,
· Including: 18.62m of 4.31% nickel, 0.62% copper, 0.14% cobalt
· Including: 7.12m of 5.18% nickel, 0.81% copper, 0.17% cobalt
· Including: 4.01m of 6.04% nickel, 0.64% copper, 0.19% cobalt
DDH MQ-13-024: at 136 m down the hole:
· Intersected 14.90m grading: 2.67% nickel, 0.39% copper, 0.09% cobalt
· Including: 5.23m of 5.03% nickel, 0.30% copper, 0.16% cobalt
DDH MQ-13-019 : at 118 m down the hole:
· In tersected 8.68m grading: 1.53% nickel, 0.43% copper, 0.06% cobalt
· Including: 3.56m of 3.27% nickel, 0.66% copper, 0.10% cobalt
Assays for the deepest 2013 hole at Imiak Hill, DDH MQ-13-028, which is below DDH MQ-13-026, are pending. The mineralization at Imiak Hill remains open at depth (see figure 3).
Assays for the other two mineralized intrusions at the Imiak Hill Conduit Complex, Imiak North and Spotty Hill, are also pending.
CEO and Chair, Rick Mark, states: "It is especially positive that at Imiak Hill that we are seeing stronger grades and widths at depth within a geological setting consistent with our conduit system model of an expected accumulated zone of nickel-copper mineralization in an embayment or footwall contact. Our 2013 drill program at Imiak Hill has now extended the sulphide mineralization from surface to 185m below surface, where it remains open, and assays are still pending for hole 28. The results from our first regional evaluation of the mineralized norites underscores the potential along the 75km-long Greenland Norite Belt. We believe the Maniitsoq project is unique in the world. It is considered a greenfields exploration project, but it is a district-scale, nickel sulphide project that has mineralization starting at, or near, surface containing high grades of Ni-Cu-Co and it is located adjacent to ice free, deep tide water suitable for year round shipping. I offer congratulations to our outstanding technical team, not only for today’s results, but for the constant and impressive advancement at Maniitsoq for the past two and one half years. The future looks just as exciting. We look forward to the upcoming assays from the Imiak Hill Conduit Complex.”
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