NEW MEGA MESSAGE exceeds all expectations! Huge resource base!
Canada Nickel (ISIN: CA13515Q1037 / TSX-V: CNC) did it again! We have repeatedly referred to the huge potential of the ‘Crawford’ project by the Canadian nickel-cobalt explorer, which had recently even encountered large quantities of PGM metals. And we should be right.
The next bang came yesterday! The latest news with the new core evaluations exceeds all expectations! So you can say: the resource expansion of Canada Nickel (ISIN: CA13515Q1037 / TSX-V: CNC) continues unabated!
Highest results reported! For nickel as well as for palladium and platinum!
The new results from the latest drilling from the nickel-cobalt project ‘Crawford’ again provide high-grade sections from the ‘East’ zone with high nickel and PGM contents, e.g. 0.37% nickel and 0.17 g / t palladium and platinum, or 0.12 g / t Pd and 0.044 g / t Pt over 37.5 m from a depth of about 325 m.
Source: Canada Nickel
The PGM zone, which runs parallel to the ‘East’ zone, also has a 1.2 g / t palladium and platinum section over 3 m expanded at a depth of 331 m.
So it is clear that the CR20-32 well, not only as announced on May 19, has PGM mineralization with best values from 6 g / t palladium and platinum over 7.5 m within a range with 1.8 g / t palladium and platinum over 12 m at a depth of 123 m 1.5 km to the north, but also the nickel mineralization of the ‘Main’ zone by the same length.
The nickel and cobalt results with 0.25% nickel and 0.013% cobalt over 243 m from a depth of 390 m were also in the upper range and ended in mineralization. So there is still high ‘upside’ potential!
Source: Canada Nickel
A second new nickel discovery was made in the new ‘East’ zone. These assay results, particularly from the CR19-28 well, resulted in 0.42% nickel and 0.2 g / t palladium and platinum over 55 m and 0.30% nickel and 0.05 g / t palladium and platinum over 256 m the highest grade nickel section on the project to date!
Thus, the first two holes, CR19-28 and CR19-31, intersected nickel mineralization greater than 300m wide, confirming that the ‘East’ zone is a continuation of the ‘Main’ zone, which is the strike length of the total nickel mineralization doubled by 1.7 km to 3.4 km. Both holes confirm the occurrence of the PGM zone in addition to the nickel mineralization of the ‘East’ zone with high-grade results!
It is now also clear that the new discovery of the ‘East’ zone, which was tested for just 2.1 km of its interpreted strike length of a total of 2.8 km, or the original ‘Main’ zone is open several kilometers to the west becomes.
Outstanding PGM content that gives the share wings even in the short term!
Similar to the PGM zones previously defined on the East and Main nickel-palladium resources, hole CR20-33 intersected two zones of palladium-platinum mineralization located on the north Contact between the peridotite and pyroxenite layer is located directly on the nickel structure. The high levels are astonishing 1.04 g / t palladium and platinum (0.54 g / t Pd, 0.50 g / t Pt) over 3 m from 454 m and 1.36 g / t (0.66 g / t Pd, 0, 70 g / t Pt) over 1.5 m from 521.4 m depth.
Source: Canada Nickel
Mark Selby, Chairman and CEO of Canada Nickel, is extremely pleased with the latest results:
“We are very happy with the recent major nickel mineralization stretches – expanding our main zone by 1.5 kilometers and expanding the ‘East’ zone by 400m.
It is also important that it is the second of three drill holes in the ‘East’ zone with a higher grade section that already reaches 0.37% nickel over 38 meters and is therefore four times higher than the original resource in terms of palladium and platinum.
We look forward to continued success as we continue to develop targets on our original Crawford property and additional properties acquired by Noble, which we will begin exploring later this year.
But first we want to do geophysical surveys to determine the top priority targets (based on the potential for higher grade mineralization). ”
Location, location, location! The decisive success factor par excellence!
The nickel-cobalt project ‘Crawford’ captivates not only because of its high grades, but also because of its location in the heart of the productive mining warehouse ‘Timmins-Cochrane’ in Ontario, Canada! The project borders on a well-established, significant infrastructure that has grown in more than 100 years of regional mining activity! This will significantly reduce future mine construction costs!
With the funds raised at the beginning of the month of $ 4.69 million Canada Nickel (ISIN: CA13515Q1037 / TSX-V: CNC) now carry out important exploration work on a larger scale than previously planned. As a result, we expect a host of other first-class drilling results. With every additional top hole, the likelihood that this still relatively unknown company will become the focus of large investors.
Despite the 100% price gain since our first launch in mid-March, Canada Nickel is still not too expensive! Because raw material prices have risen again and the company continues to develop. The actual company history, which will lead the company to significantly higher price regions, is just beginning! We will soon be talking about what is probably the largest nickel discovery in the world!
Be there from the start and finally be one step ahead of the larger investors.
Best wishes and maximum success with your investments!
Your JS research team
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