NiCAN Ltd V.NICN

New Press Release - NiCAN Provides Update on Drilling at the Wine Nickel-Copper Project, Manitoba, Canada

TORONTO, March 26, 2024 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) has completed its late winter diamond drilling program on the Wine Property located in the Snow Lake area, Manitoba, Canada (Figure 5). NiCAN designed the program to expand the understanding of several...read article.

[Martyboss]

Im out @.11 this morning  will likely get back in at a later date  hopefully just before assays  are reported 

[Masterclass1]

THESE PRELIMANARY VISUAL RESULTS CONFIRM EARLIER DRILLING - THE BOX VISUALLY LOOKS TO BE SIMILAR TO THE EARLIER PR RESULTS SO IF ASSAYS COME IM WITH SIMILAR GRADES WERE REALLY ON TO SOMETING SPECIAL HERE AND AT $10M MARKET CAP THIS AS TONS OF UPSIDE!  IM HOPING WE GET AN UPDATE ON THE INDIGINEOUS NEGOTIATIONS TO GET ACCESS TO THE PIPY PROPERTIES AS MGT SEEMED TO THINK AT PDAC WE COULD HAVE

[Dykman]

Looking at the drill core photos posted/provided with the news release earlier today; Question for all you experienced Geoligists? The brilliant blue/cyan colouring in the drill core samples, could that be extremely rich "Bornite"?????? If that is the case we could have exceptionley high copper grade values.  I believe that with Bornite, up to 83% of its weight is copper, if I am

[Dykman]

Looking at the drill core photos posted/provided with the news release earlier today; Question for all you experienced Geologists? The brilliant blue/cyan colouring in the drill core samples, could that be extremely rich @Bornite@?????? If that is the case we could have exceptionley high copper grade values.@ I believe that with Bornite, up to 83% of its weight is copper, if I am not mistaken.

[Dykman]

Looking at the drill core photos posted/provided with the news release earlier today; Question for all you experienced Geologists? The brilliant blue/cyan colouring in the drill core samples, could that be extremely rich ;Bornite;??????  If that is the case we could have exceptionley high copper grade values; I believe that with Bornite, up to 83% of its weight is copper, if I am not

[VENMan]

Good post, also in the highlights of the press release they state "the main zone was visually interpreted over approx 33.4 meters" Given on Jan 31 they reported 31.5 meters at 2.32% NiEQ can we not at least assume that whatever the grade turns out to be the length of that grade should be 33.4 meters? Always DYODD GLTA!  

[Masterclass1]

Great catch on the width- to me that means the geological model is working and Mgt. are starting to have a handel on the potential deposit - having stepped out 45 meters and still hitting good widths (actually bigger) and fingers crossed grades (post asssay) this is a good sign of a potential deposit

[VENMan]

So Materclass, if you agree with the width the only question would be the grade, right? So would you agree that those sames eyes that visually interpreted 33.4 meters of width would have some idea of grade? I understand that they need a lab to report in a press release true width and grade but you would think at least visually that they would have some idea? right?  

[Masterclass1]

Yes - I think mgt seem confident grades should come in along the lines of the last reported assays as visually the boxs look the same.  But 100% will be on the reported assay results (2/3 weeks).  What excites me in talking to mgt are they seem to really have a handle on the opportunity and believe their geological model is coming together, meaning we should see lots of good holes going

[VENMan]

MC , thank you. I agree 

[Masterclass1]

Any idea on timing of the assays?  

[VENMan]

Core was sent Mar 26 per their News release, four weeks would be April 26. Would be my Best Guess?

[evilballs]

This was such a promising stock. Assays will be good for sure, but its so late in the season and the investing climate is getting worse for risk assets with inflation rate cuts getting pushed back.  I've seen enpugh bulls to bears sscenarios that this no longer is on my radar for a multibagger run. Congrats shorts.  You win.

[Martyboss]

Gotta agree with you there good assays might move it a penny or two but like you say summer s coming and unless they are able to start a summer drill program NICN will drift much lower over summer.

[evilballs]

They are drilling Pipy this summer.  I just don't see that moving the needle much unless they are doing a deal and I don't think Vale really needs their land at this point.  Next winters program should move the needle with some tonnage being added. Everyone is pretty confident of the grade here... lets see that tonnage. 

[evilballs]

well look who was right. Great results, but t his stock doesn't have the firepower to beat the shorts up.   it is now trying to fill the gap at .05.

[evilballs]

there are a lot of rookie investors here who are getting creamed....  If they do have tonnage here it will definitely fly but you never add tonnage drilling down dip.  20Mt at 2%cu and 2%Ni is a cash cow even at  current nickel prices and thats what fooled all these rookies here , but crux invstor is right....  they didn't step out or hit the zone down plunge and for a down

[evilballs]

util they come  out with a serious step out the shallow mineralization or can prove more of this at depth, this is a no go.

[evilballs]

let me correct myself 45m was what they drilled down dip. so this main lens they are drilling is 20m by 45m by how much strike?  Even if they can prove 100 meter strike which they haven't, the tonnage just doesn't add up to anything more than a mom and pop shop. They say its open at depth but thats hard to prove when they only stay in the zone for 45 meters.  Even when you add up

[JStrummer66]

More importantly, 2 insiders just bought shares at $0.07 and $0.08.: https://m.canadianinsider.com/node/7?menu_tickersearch=NICN+%7C+NiCAN

[JStrummer66]

Another insider buy reported yesterday. https://m.canadianinsider.com/node/7?ticker=NICN

[JStrummer66]

And yet another insider buy at $0.07.filed yesterday: https://m.canadianinsider.com/node/7?menu_tickersearch=NICN+%7C+NiCAN

[JStrummer66]

He can't get enough.  Two more insider purchases fby Humphrey. https://m.canadianinsider.com/node/7?menu_tickersearch=NICN+%7C+NiCAN

[Masterclass1]

Completely disagree - rates being cut in June no doubt after todays GDP print! Grades are very good  here so far and if the coming assys (results next week I hope) confirm that it's game on into summer work program!  Nickle deposits at surface or shallow in good jusridictions are rare and if results are good I expect some action once again.  Long the stock at a $8.5m cap with