Canada Nickel Completes Drill Program at Deloro with Resource Estimate Expected in July
Highlights
- 2024 drilling increases mineralized footprint by 50% to 1.2 kilometres long by up to 700 metres wide.
-
Deloro is located just 8 kilometres south ofTimmins with direct road and powerline access and shallow overburden averaging less than 9 metres thick. - 11 holes successfully completed including DEL24-12 with 0.26% nickel over 431 metres and DEL24-17 with 0.27% nickel over 293 metres.
- Resource estimate is underway and expected to be completed in
July 2024 .
Deloro Property
The Deloro Property is located just 8 km south of
BHID |
From (m) |
To (m) |
Length (m)* |
Ni % |
Co % |
Pd g/t |
Pt g/t |
Cr % |
Fe % |
S % |
DEL24-12 |
9.9 |
441.0 |
431.1 |
0.26 |
0.01 |
0.003 |
0.005 |
0.28 |
5.25 |
0.10 |
including |
103.5 |
130.5 |
30.0 |
0.30 |
0.01 |
0.003 |
0.005 |
0.20 |
5.00 |
0.03 |
DEL24-13 |
6.0 |
187.5 |
181.5 |
0.24 |
0.01 |
0.003 |
0.005 |
0.23 |
4.89 |
0.06 |
and |
222.0 |
277.0 |
55.0 |
0.25 |
0.01 |
0.003 |
0.005 |
0.22 |
5.25 |
0.05 |
and |
289.9 |
402.0 |
112.1 |
0.25 |
0.01 |
0.003 |
0.005 |
0.21 |
5.20 |
0.07 |
DEL24-14 |
5.3 |
92.7 |
87.4 |
0.22 |
0.01 |
0.003 |
0.005 |
0.19 |
4.75 |
0.05 |
DEL24-15 |
6.0 |
164.0 |
162.0 |
0.24 |
0.01 |
0.004 |
0.006 |
0.17 |
5.59 |
0.09 |
and |
202.6 |
377.6 |
175.0 |
0.25 |
0.01 |
0.003 |
0.005 |
0.24 |
5.35 |
0.10 |
DEL24-16 |
9.5 |
219.5 |
210.0 |
0.20 |
0.01 |
0.004 |
0.005 |
0.18 |
5.63 |
0.05 |
and |
234.0 |
286.5 |
52.5 |
0.23 |
0.01 |
0.003 |
0.004 |
0.24 |
5.70 |
0.04 |
and |
361.0 |
408.0 |
47.0 |
0.26 |
0.01 |
0.003 |
0.004 |
0.20 |
5.33 |
0.06 |
DEL24-17 |
35.8 |
329.1 |
293.3 |
0.27 |
0.01 |
0.003 |
0.003 |
0.18 |
5.13 |
0.05 |
and |
379.0 |
402.0 |
23.0 |
0.23 |
0.01 |
0.003 |
0.003 |
0.22 |
5.11 |
0.04 |
DEL24-18 |
9.0 |
233.5 |
224.5 |
0.26 |
0.01 |
0.003 |
0.005 |
0.18 |
4.84 |
0.08 |
and |
371.6 |
401.0 |
29.4 |
0.23 |
0.01 |
0.003 |
0.005 |
0.46 |
5.83 |
0.08 |
DEL24-19 |
12.0 |
67.0 |
55.0 |
0.17 |
0.01 |
0.006 |
0.006 |
0.33 |
7.52 |
0.01 |
and |
206.7 |
354.0 |
147.3 |
0.22 |
0.01 |
0.003 |
0.004 |
0.22 |
6.27 |
0.02 |
DEL24-20 |
3.0 |
319.6 |
316.6 |
0.24 |
0.01 |
0.003 |
0.005 |
0.13 |
4.88 |
0.10 |
DEL24-22 |
75.2 |
270.0 |
194.8 |
0.19 |
0.01 |
0.007 |
0.011 |
0.38 |
6.84 |
0.04 |
*True width undetermined. All lengths are drillhole lengths. DEL24-21 drilled parallel on a barren dyke. |
Table 2: Drillhole Orientation
Hole ID |
Easting (mE) |
Northing (mN) |
Azimuth (⁰) |
Dip (⁰) |
Length (m) |
DEL24-12 |
480334 |
5361525 |
71 |
-50 |
441 |
DEL24-13 |
480905 |
5361212 |
250 |
-50 |
404 |
DEL24-14 |
480905 |
5361212 |
70 |
-50 |
102 |
DEL24-15 |
481013 |
5360908 |
250 |
-50 |
405 |
DEL24-16 |
480926 |
5361048 |
250 |
-50 |
408 |
DEL24-17 |
480549 |
5361266 |
70 |
-50 |
402 |
DEL24-18 |
480640 |
5360665 |
70 |
-50 |
401 |
DEL24-19 |
480640 |
5360665 |
250 |
-50 |
402 |
DEL24-20 |
480980 |
5360569 |
60 |
-60 |
396 |
DEL24-21 |
480824 |
5360648 |
62 |
-50 |
168 |
DEL24-22 |
480824 |
5360648 |
225 |
-50 |
402 |
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Qualified Person and Data Verification
About Canada Nickel Company
For further information, please contact:
CEO
Phone: 647-256-1954
Email: info@canadanickel.com
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the
Neither the
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