WSCRF / NAN.V About North American Nickel
Post# of 144478
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.V: 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.
THIRD MINERALIZED ZONE DISCOVERED
NEAR SOLID TO SOLID SULPHIDE ZONE AT IMIAK NORTH,
MANIITSOQ, SOUTHWEST GREENLAND
9.99m of ~30% to 40% Total Sulphides Intersected Within 55.75m of Sulphide Mineralization & Remains Open at Depth.
Vancouver, British Columbia, September 12, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce that a new discovery has been made with diamond drill hole MQ-13-029. The discovery, named Imiak North, is 950 metres northeast of the previously announced Imiak Hill intersections (see News Releases dated August 23 and September 5, 2013), and 1200 metres northwest of the previously announced Spotty Hill discovery (see News Release dated December 23, 2012).
These three mineralized zones are part of the newly named Imiak Hill Conduit Complex (IHCC) which is 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)
MQ-13-029, beginning 57.75 metres down the hole, intersected 55.75m metres of sulphide mineralization, including;
· 9.99 metre core length of near solid to solid sulphides averaging approximately 30-40% total sulphides, and
· 45.76 metre core length of disseminated, blebby and net textured sulphide mineralization averaging approximately 3 - 5% sulphides.
As at Imiak Hill and Spotty Hill, mineralization remains open at depth at Imiak North.
NAN CEO and Chair, Rick Mark, states: “We are very pleased to inform shareholders that the Company’s exploration program continues to deliver discoveries of near solid to solid sulphide mineralization at Maniitsoq. This discovery at Imiak North is in close vicinity to Imiak Hill’s nickel, copper, cobalt mineralization and Spotty Hill’s nickel, copper, cobalt and PGM mineralization. And, according to our borehole surveys, these mineralized zones are all open at depth. This follows the conduit model our geological team is using anticipating the nickel mineralization to accumulate in an embayment or footwall contact below these discoveries.”
To view Figures 1 to 5, please visit the following link: http://media3.marketwire.com/docs/nan0912figs1to5.pdf .
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