NEW MULTIPLE AND SIGNIFICANT NICKEL SULPHIDE INTERSECTIONS NORTH AMERICAN NICKEL REPORTS NEW MULTIPLE AND SIGNIFICANT NICKEL SULPHIDE INTERSECTIONS AT MANIITSOQ
North American Nickel Inc. is providing assay results for multiple and significant nickel sulphide intersections at the P-013 prospect located 17 kilometres south of the Imiak Hill complex on the company's 100-per-cent-owned Maniitsoq nickel-copper-cobalt and platinum group metals project in southwest Greenland.
Highlights include the following:
- North American Nickel intersected 5.85 metres of 2.07 per cent nickel and 0.12 per cent copper of semi-massive sulphides within a broader zone of 11 metres of 1.31 per cent Ni and 0.15 per cent Cu in hole MQ-14-066 at the P-013 prospect.
- The company intersected 3.4 metres of 2.07 per cent Ni and 0.34 per cent Cu net-textured-to-semi-massive sulphides within a broader zone of 15.85 metres of 0.87 per cent Ni and 0.27 per cent Cu in hole MQ-14-068 at the P-013 prospect.
Dr. Mark Fedikow, North American Nickel's president and interim chief executive officer, commented: "Drilling at the P-013 prospect in 2014 was a follow-up to the initial discovery hole drilled in 2013, and has resulted in significant and multiple nickel sulphide intersections. These results not only confirm the prospectivity of P-013, but also the larger exploration potential of the central region of the Maniitsoq project. The results validate our regional exploration strategy and the excellent work being carried out by the exploration team. I look to further assay results pending from the 2014 program."
Results for three regional drill holes and one IHC hole are provided in the attached table.
Regional
The P-013 area is located 17 kilometres south of the Imiak Hill complex in the central portion of the Maniitsoq property and comprises several helicopter-borne electromagnetic (VTEM) anomalies occurring over a distance of approximately 500 metres. The anomalies include the P-013 Centre, P-013 SE and P-013 NW targets. In 2014, three holes totalling 739 metres were completed to test the P-013 targets.
P-013 Centre
Nickel sulphide mineralization intersected at this target was discovered by a combination of ground prospecting and drill testing of a VTEM anomaly buried beneath a large boulder field. In 2013, one hole (MQ-13-032) was drilled to test a 200-metre-long northeast-trending VTEM anomaly, and intersected a thick section of norite and leucogabbro containing several intervals of nickel sulphide mineralization (see the news release of Nov. 21, 2013). The best intersection graded 0.44 per cent Ni and 0.2 per cent Cu over 6.51 metres, including 2.35 per cent Ni and 1.21 per cent Cu over 0.73 metre. Borehole electromagnetic surveys detected moderate-to-high-conductance off-hole anomalies associated with the mineralized intervals, suggesting the presence of stronger mineralization nearby.
In 2014, two holes (MQ-14-066 and MQ-14-068) totalling 597 metres were completed to follow up the 2013 results. Both holes intersected mineralized norite as outlined in more detail below.
MQ-14-066 was drilled to test an off-hole BHEM geophysical anomaly detected from the discovery hole MQ-13-032. MQ-14-066 was collared in orthogneiss, and intersected leuconorite, norite and pyroxenite extending from 63.48 metres to the end of hole at 365 metres. A number of narrow intervals of net-textured-to-semi-massive sulphides were intersected between 94 and 150 metres returning values ranging from 1.55 per cent to 2.23 per cent Ni and 0.18 per cent to 0.7 per cent Cu (see the attached table). The main zone of mineralization was intersected from 157 to 168 metres and consisted of 11 metres of norite-hosted bleb, net-textured and semi-massive sulphides grading 1.31 per cent Ni and 0.15 per cent Cu, including a semi-massive sulphide interval grading 2.07 per cent Ni and 0.12 per cent Cu over 5.85 metres from 158.43 to 164.28 metres. A second wide zone of similar mineralization was intersected from 201.2 to 223.94 metres, and graded 0.5 per cent Ni and 0.15 per cent Cu over 22.74 metres, including 1.79 per cent Ni and 0.31 per cent Cu over 2.14 metres from 203.35 to 205.49 metres.
MQ-14-068 was drilled approximately 45 metres updip of MQ-14-066, and intersected 15.85 metres of norite-hosted bleb and net-textured sulphides grading 0.87 per cent Ni and 0.27 per cent Cu from 126.7 to 142.55 metres. Included within this zone was a higher-grade interval of net-textured-to-semi-massive sulphides which graded 2.07 per cent Ni and 0.34 per cent Cu over 3.4 metres from 130.85 to 134.25 metres. These intersections correlate well with the main sulphide zone intersected in hole MQ-14-066.
Borehole EM surveys indicate that the mineralization is correlated with a conductive trend interpreted to strike northeast-southwest, dipping steeply northwest and plunging steeply west. Additional drilling will be required to determine the extents of the P-013 mineralization and more work will be planned for this area in 2015.
P-013 SE
MQ-14-069 was drilled to test a second VTEM anomaly (P-013 SE) located approximately 250 metres southeast of the above P-013 Centre target. A previous attempt was made in 2013 to test this target with hole MQ-13-034. Both holes intersected intervals of norite, but failed to intersect the conductor. Remodelling of the VTEM data, as well as modelling of the borehole EM survey data from hole MQ-14-069, indicates the target lies to the west of both holes. Target P-013 SE remains a high-priority drill target based on positive results obtained at the nearby P-013 Centre target.
Other regional targets
Assay results are pending for two regional holes that intersected norite-hosted nickel sulphide mineralization at the P-030 and P-053 target areas.
Imiak Hill complex
MQ-14-067 was collared south and approximately 200 metres downplunge of previous drilling at Imiak Hill in order to test for potential extensions of zones 10 and 30, and act as a platform for BHEM surveys. The hole intersected a wide package of leuconorite, norite and pyroxenite from surface downhole to 317 metres. The mafic-ultramafic intrusion is bounded downhole by granite extending from 317 metres to the end of hole at 494 metres. No significant mineralization was intersected. A BHEM survey of the hole detected a low-amplitude anomaly which correlates with the existing Imiak Hill zones located up plunge to the north.
Further work is required to determine the extent of the mylonite-related fault offsets of the Imiak Hill sulphide zones.
Assay results are pending for two mineralized IHC holes, one from Imiak Hill and one from Mikissoq.
Qualified person
All technical information in this release has been reviewed by Dr. Fedikow, PGeo, who is the qualified person for the company, and president and interim CEO of North American Nickel.