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Canada Nickel Announces Initial Resource at Reid Nickel Sulphide Project

PR Newswire ·  Dec 23, 2024 19:45

Highlights:

  • Initial Reid Indicated Resource of 0.59 billion tonnes grading 0.24% nickel containing 1.4 million tonnes of nickel, an Inferred Resource of 0.99 billion tonnes grading 0.23% nickel containing 2.2 million tonnes of nickel. Exploration Target1 potential of an additional 0.9-2.1 billion tonnes grading 0.20-0.22% nickel
  • Reid is the second of seven new nickel resources expected to be published by mid-2025 demonstrating the potential scale of the Timmins Nickel District
  • 2024 drilling program across the Timmins Nickel District completed over 119,000 metres across fourteen properties

TORONTO, Dec. 23, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQB: CNIKF) today announced an initial mineral resource (the "Mineral Resource Estimate") for its 100% owned Reid Nickel Sulphide Project ("Reid") near Timmins, Ontario.

Figure 1 – Plan View of Reid Nickel Sulphide Resources, Reid Nickel Sulphide Project, Ontario. (CNW Group/Canada Nickel Company Inc.)
Figure 2 – Reid Nickel Sulphide Project Long-Section (Looking North) of Resource Categories and Nickel Grade (Potential = Exploration Target) (CNW Group/Canada Nickel Company Inc.)
Figure 2 – Reid Nickel Sulphide Project Long-Section (Looking North) of Resource Categories and Nickel Grade (Potential = Exploration Target) (CNW Group/Canada Nickel Company Inc.)
Figure 3 – Plan View of the Reid Block Model, Resource Category and Nickel Grade (Potential = Exploration Target). (CNW Group/Canada Nickel Company Inc.)
Figure 3 – Plan View of the Reid Block Model, Resource Category and Nickel Grade (Potential = Exploration Target). (CNW Group/Canada Nickel Company Inc.)
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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