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How This Company can Become a Next Generation Nickel Supply Leader

Jocelyn Aspa Jocelyn Aspa, The Market Herald
1 Comment| December 16, 2021

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2021 has been a banner year for nickel, and Canada Nickel Company Inc. (TSX-V: CNC, OTCQB: CNIKF, Forum) has certainly experienced this success firsthand.

Headquartered in Toronto, Ontario, focusing on the prolific Timmins mining region, Canada Nickel is advancing the “next generation of high quality, high potential nickel-cobalt projects.”

As it currently stands, Canada Nickel is advancing its Crawford Nickel Sulphide Project one of the top 10 nickel sulphide resources globally, with significant expansion potential from regional land package in the Timmins mining camp. While the price of nickel has seen all-time highs in 2021 — reaching roughly US$18,000 per ton this year — Canada Nickel has been aggressively advancing the Crawford Nickel-Sulphide Project and recently announced it had expanded its presence in the Timmins Nickel District through the acquisition of 13 additional nickel properties.


Expanding in the Timmins Nickel District

In a recent news release, the company said it has closed eighteen different transactions for the outright acquisition or earn-in to thirteen more target properties within a 95 km radius of its flagship Crawford Nickel-Sulphide Project.

Putting it simply, the combined target surface footprint of 37.7 square kilometres is 40 times larger than the current Crawford Main Zone resource of just 0.85 square kilometres. which hosts Canada Nickel’s current Crawford Main Zone resource estimate of contained nickel of 1.56 million tonnes measured and indicated and 0.76 million tonnes inferred[1]). These acquisitions are expected to help position the company to become a leader of third-generation nickel supply located in one of the top mining jurisdictions in the world.

“The acquisition of these highly prospective target properties represents a transformational milestone for Canada Nickel, on par with the initial discovery of our flagship property, Crawford. The consolidation of these properties underscores our strong belief in the district-scale potential of the Timmins region and in our journey to become a leader of the Next Generation of Nickel Supply – large, scalable, low carbon nickel supply,” Mark Selby, CEO of Canada Nickel Company, said in a news release.

Mr. Selby continued, adding that each of the target structures is close to excellent infrastructure and has had some amount of historical work done on them.

Highlights of the acquisition include:
  • Ten target properties with a larger footprint of Crawford, with nine of them, confirming to have the same host mineralization as Crawford
  • The Sothman target property, which contains roughly 1,000 hectares and is located 70 km south of Timmins, has a historical higher grade and shallow resource of approximately 190,000 tons of 1.24 percent nickel[2]
  • Four target areas have yielded drill intersections of > 0.3% nickel including:
  • Sothman: 2.31% nickel and 0.19% copper over true width of 3.2 metres within 1.58% nickel and 0.12% copper over true width of 8.6 metres from 41 metres;
  • Deloro: 0.38% nickel and 0.22 g/t PGM over the core length of 15.5 metres within 0.28% nickel and 0.09 g/t PGM over core length of 299 metres from 241 metres;
  • Midlothian: 0.24% nickel over the core length of 345 metres, including 0.30% nickel over 42 metres;
  • Mann Southeast: multiple 3-metre intervals grading 0.31-0.33% nickel within 111 metres of dunite across the entire core length
In a conference call with investors, the company emphasized that the announcement is an important step in Canada Nickel becoming the leader in next generation nickel supply — large, scalable, and, most importantly, a potential low carbon source of nickel for the next one hundred years.

The company explained that the eighteen-transaction process took place over a six month period that consolidated the 13 targets, which have ultramafic anomalies of 37 square kilometres

“Our Crawford resource today has nearly 2.2 million tons of nickel on a similar anomaly of less than a square kilometre,” the company explained. “We’ve just added 40x the scale that we have at Crawford.”


Canada Nickel Company in the News

Before Canada Nickel Company’s announcement, it previously revealed it had completed two property acquisitions from Noble Mineral Exploration.

Under the terms of the agreement, Canada Nickel will acquire from Noble Mineral over 1,200 patented properties and single-cell mining claims in regions such as: Crawford, Lucas, Nesbitt, Aubin, Mahaffy, Kingsmill, Mabee, MacDiarmid, Dargavel, and Bradburn Townships.

In line with this, Canada Nickel Company announced in October that it had made the discovery of a higher grade core at the Crawford East Zone, which spans a combined strike length of 1.6 kilometres, a width of 20 to 50 metres, and a depth of 690 metres.

“The East Zone is becoming a significant resource. The most recent infill and expansion drilling at the Crawford East Zone continues to confirm our target of increasing the East Zone resource by 2-3x and the identification of an extensive Higher-Grade Core, similar to the Main Zone, has been an exciting development,” Selby said in a press release.


The Investment Corner

Canada Nickel Company is proving itself to be a leader in the junior explorationspace and — with its ideal location in one of the top jurisdictions in the world — it’s not hard to see why.

As the company expands its presence in the Timmins Nickel District, investors will want to make sure they’re along for the ride before it’s too late.

For more information, please visit canadanickel.com.

Statement Regarding Historical Resource Estimates

The Sothman historical resource estimate is unclassified and does not comply with CIM Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101. The historical resource was reported by D. R. Bell for Sothman Mines Limited on Oct. 1, 1969, as 189,753 tons of 1.24% nickel and 0.15% Cu over an average width of 17.8 ft (undiluted) using a 1.00% nickel cut-off. The reliability of the historical resource is considered reasonable, but a qualified person has not done sufficient work to classify the historical resource estimate as a current mineral resource and Canada Nickel is not treating the historical resource estimate as a current resource. Canada Nickel plans on conducting an exploration program, including twinning of historical drill holes, to redefine the historical resource as a current mineral resource category.

FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.


[1] See Canada Nickel’s Preliminary Economic Assessment, titled "Crawford Nickel-Sulphide Project National Instrument 43-101 Technical Report and Preliminary Economic Assessment", with an effective date of May 21, 2021
[2] See Statement Regarding Historical Resource Estimates on page 27 of this article.



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