Vancouver, British Columbia--(Newsfile Corp. - August 27, 2019) - North American Nickel Inc. (TSXV: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108)(the "Company") is pleased to provide an update on its 100% owned Maniitsoq nickel-copper-cobalt-PGM project in Southwest Greenland. North American Nickel is a publicly listed Canadian junior-exploration company dedicated to the discovery and development of nickel-copper-cobalt deposits. NAN's strategy is to focus on nickel-copper-cobalt assets located in countries governed by the Rule-of-Law and that should be successfully developed into mines assuming conservative long-term nickel prices (US$12,000/T). Our primary asset is the Maniitsoq Project, which is a camp scale project 3,048sq km.
NAN has been exploring the Greenland Norite Belt (GNB), contained within the Maniitsoq Project since 2011. In 2015 NAN began systematic exploration of the noritic intrusions contained within the GNB. Many of these intrusions include outcrops of oxidized nickel-copper-cobalt sulphides known as gossans. NAN applied modern geoscience techniques to characterize and prioritize these gossans and determine where they continued underground. This strategy led to the discovery of many well mineralized systems, documented in numerous press releases since 2013 and in the 43-101 reports which can be found on the Company's website. www.northamericannickel.com
In 2018 the Company modified the exploration strategy to target specific high magnesium oxide (MgO) zones within the norite and to drill deeper within the intrusion to identify significant nickel-copper-cobalt sulphide mineralization. The 2018 drilling season was very productive. NAN completed 14,288m of drilling and successfully tested several high magnesium oxide intrusions. The results were prospective but did not host sufficient nickel-copper-cobalt mineralization that would be economic within those individual intrusions.
Based upon the cumulative credits from exploration undertaken to date, NAN has secured its tenure over 3,048 square kilometers at Maniitsoq until 2021. NAN remains committed to ongoing exploration at Maniitsoq and is currently planning to return to Maniitsoq for the 2020 summer season subsequent to a successful financing capable of supporting our integrated exploration programs.
Work is ongoing in preparing plans for a program of field work to evaluate the Ni-Cu-Co and precious metal potential on our current and new Canadian assets which can be explored year-round.