Canada Nickel Company Inc V.CNC

NEWS...

[DrNo1962]

News... Seems positive but no assay results included... now 3 holes from Nesbitt w/ nickel in 2 releases but no assays... Very odd IMO. Is this b/c of recent financing? Canada Nickel drills 302 m of Ni at Nesbitt 2021-07-14 08:49 NT - News Release Mr. Mark Selby reports CANADA NICKEL EXPANDS NEW NESBITT NICKEL DISCOVERY BY 1.8 KILOMETRES Canada Nickel Company Inc. has provided additional results from its drilling program currently under way at the Nesbitt nickel property, part of the company's larger exploration program testing regional targets around its wholly owned Crawford nickel sulphide project. The two initial discovery holes were previously described in a press release dated June 29, 2021. Highlights Third hole at Nesbitt nickel property drilled 1.8 kilometres east of initial discovery holes intersected 302 metres of nickel mineralization with intervals of visible disseminated sulphides; Consistent results with the first two Nesbitt drill holes and higher-grade zone at Crawford. Mark Selby, chair and chief executive officer, said: "This third hole was drilled 1.8 kilometres east of the first two holes at Nesbitt and demonstrates the scale potential of this new discovery on a 3.7-kilometre-long target. Located just eight kilometres north of Crawford it is a potential source of higher-grade source of feed for the Crawford mill. The results further underscore the success of our geophysical approach and the district-scale potential of our overall land package. I look forward to continued success at Nesbitt and to our upcoming follow-up on the significant 0.38 per cent nickel interval at the recently acquired Bradburn/Dargavel target." Nesbitt nickel project The Nesbitt nickel project is centred on an ultramafic sill that strikes east to west for a distance of 3.7 kilometres and a width that is estimated to vary between 100 to 300 metres (for reference, the Crawford Main zone resource is 1.7 kilometres long and 225 to 425 metres wide). Consistent with the first two holes, the third hole was collared near the eastern limit of the central Nesbitt trend to explore a coincident (high) magnetic and (low) gravity anomaly identified during Canada Nickel's geophysical exploration work conducted during the first half of 2021. Nesbitt NES21-03 was collared on the south side of the intrusion and drilled to the north. The hole was pulled back into the volcanics to test for possible PGM (platinum group metals) mineralization at the pyroxenite- peridotite contact, which this hole did not intersect. It exited the volcanics and intersected nickel-bearing peridotite and dunite with visible sulphides for a core length of 314 metres from 126 metres to 440 metres (including a 12-metre felsic dike), where the hole returned to volcanics. The hole was stopped at 474 metres. NES21-02 was continued from 360 metres (as previously reported) to a final depth of 501 metres, where it intersected a total of 304 metres of nickel-bearing peridotite and dunite from 113 to 417 metres. The area between NES21-03 and NES21-02 (located 1.8 kilometres to the west) remains untested, along with an area 1.1 kilometres west of the initial hole NES21-01. Analytical results from the regional exploration drill holes will be released after completion of internal quality assurance/quality control procedures. Qualified person and data verification Stephen J. Balch, PGeo (Ontario), vice-president of exploration of Canada Nickel and a qualified person as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc. About Canada Nickel Company Inc. Canada Nickel is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt, NetZero Iron and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100-per-cent-owned flagship Crawford nickel-cobalt sulphide project in the heart of the prolific Timmins-Cochrane mining camp. We seek Safe Harbor. 2021 Canjex Publishing Ltd. All rights reserved.

[PCGuy10]

Normally I'd agree that the lack of assays are a major concern, but these are not normal times. First we must ask what is  the current backlog and ETA for assay resullts? Ontario has been through 2 total shutdowns in the last 6 months. During the last Shutdown, Timmins/Porcupine  became a major hotspot, and was the last to reopen. CNC isn't the only company drilling. If the 401

[EndZonefor7]

Very positive news. They expanded Nesbitt by a large percentage. Next step is some infill drilling. If they can get positive assays back by month end when financing closes we should be in great shape for a run to new highs.

[caramba71]

Agreed. Nesby is turning into another monster it seems.  I'm surprised the share prices hasn't responded. It feels like some force is holding the horses back. A JV or some kind of partnership announcement or the Glencore MoU turning into a deal and CNC will pop - big time.

[davidy]

It bothers me that there is no assay data.  It also bothers my that they show "microscope photos" which they say represent "Pentlandite and Pyrrhotite in serpentinized dunite" without specifying how exactly they determined that.  That's something that could be easily revealed by X-ray diifraction, and that's a fairly simple technique; it would give confidence.

[EndZonefor7]

These are preliminary results which is usually how it goes as they await assays. I'm no geo but you can assume they see the same tell tale signs of nickel as in the previous 60 holes or so they have drilled. As per share price movement or lack thereof, it's typical for the price to float in a tight range until it closes on the 27th.

[islandjon]

Hopefully not another Ravenquest in the making here.

[Chieff]

you are concerned CNC may go below a penny? Is that what you are putting our there on this board?

[islandjon]

Crooked management in George Robinson, who appeared numerous times on BNN making things out to look extremely bright. Many bought in only to find out later that things were total opposite. Not saying it will happen here but buy with caution.

[Chieff]

you can put that negative warning out of nowhere on any emerging mine or other venture. The reputation and background on Mark Selby links him to corruption in no way whatsoever. Are you saying he may have turned crooked now? This is a constructive board. Explain yourself with facts or please backoff. Retract even.

[Commoncents]

Dude, there is no room for your BS here.