North American Nickel (TSX.V:NAN) is a mineral exploration company whose flagship property is the Maniitsoq property in Greenland. Maniitsoq is a district scale project covering numerous high-grade nickel-copper sulphide occurrences. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

 

 

 

Latest News Release

North American Nickel Provides Maniitsoq Project Exploration Update and Highlights

North American Nickel Inc. is providing an exploration update and summary of significant results on its 100-per-cent-owned Maniitsoq nickel-copper-cobalt-platinum-group-metal project in southwest Greenland.

 

In 2015, the company implemented an $8.3-million exploration program consisting of 5,655 metres of diamond drilling in 30 holes, a 6,696-line-kilometre helicopter-borne geophysical survey, 61.7 line kilometres of surface electromagnetic surveying, a gravity survey, a ground geology program and the acquisition of state-of-the-art Worldview-3 satellite data across the entire property.

 

Project highlights:

  • Spotty Hill zone extended 80 metres down plunge and remains open down plunge;
  • Geophysical indication that Mikissoq zone continues down plunge;
  • Six widespread regional nickel-copper sulphide occurrences, P-013, P-030, P-032, P-053, P-058 and P-059, with significant 2015 drill intersections, four discovered by NAN;
  • Follow-up drilling at multiple mineralized norite intrusions and continued systematic exploration of Maniitsoq property planned for 2016;
  • Drilling and exploration targeting to benefit from robust data set and new complementary targeting tools.

Vice-president of exploration Patricia Tirschmann stated: "We've reached an important point in the exploration of the Maniitsoq property in that we are now identifying multiple centres of significant Ni-Cu sulphide mineralization coupled with a better understanding of the geological and structural setting, as well as the nature of the mineralization and related geophysical responses. This will allow NAN to progress to the next stage of follow-up drilling using robust targeting tools to help evaluate size potential."

 

In 2015, the company continued its systematic evaluation of the Maniitsoq property, significantly expanding the existing exploration database, advancing the understanding of both the geological setting and the nature of the sulphide mineralization, refining geophysical targeting tools, and continuing to intersect nickel-copper sulphide mineralization at multiple locations.

 

Drilling

 

Drilling expanded the Spotty Hill zone by 80 metres in a down-plunge direction (news release dated Sept. 2, 2015) and resulted in the intersection of additional nickel-copper sulphides at six regional exploration targets, including P-013, P-030, P-032, P-053, P-058 and P-059. Four of the mineralized intrusions, P-013, P-032, P-053 and P-059, were new discoveries made by NAN. Table 1 gives a summary of selected drilling highlights for each of these mineralized areas and a location map (Figure 1) may be viewed using the link provided with this release.

 

TABLE 1: Selected 2014 and 2105 Assay Results from Targets P-013, P-030, P-032, P-053, P-058, P-059 and Spotty Hill
Hole Number From
(m)
To
(m)
Core
Length
(m)
Ni
%
Cu
%
Co
%
S
%
Pt
g/t
Pd
g/t
*Ni
Eq
%
P-013
MQ-14-066 157.00 168.00 11.00 1.31 0.15 0.04 6.55 0.03 0.01 1.49
158.43 164.28 5.85 2.07 0.12 0.05 10.41 0.05 0.02 2.30
201.20 223.94 22.74 0.50 0.15 0.02 2.99 0.02 0.01 0.64
203.35 205.49 2.14 1.79 0.31 0.07 12.31 0.08 0.02 2.15
MQ-14-068 126.70 142.55 15.85 0.87 0.27 0.03 4.21 0.05 0.01 1.10
130.85 134.25 3.40 2.07 0.34 0.06 10.42 0.10 0.02 2.43
MQ-15-079 185.05 195.70 10.65 1.03 0.39 0.04 5.49 0.04 0.01 1.34
200.75 206.00 5.25 1.15 0.18 0.03 5.54 0.05 0.01 1.35
MQ-15-094 142.40 167.50 25.10 0.57 0.15 0.02 3.12 0.06 0.01 0.70
incl. 144.25 145.40 1.15 2.11 0.27 0.07 11.95 0.21 0.04 2.51
161.95 163.25 1.30 1.63 0.40 0.07 11.50 0.25 0.04 2.11
166.30 167.50 1.20 1.80 0.27 0.04 8.14 0.12 0.03 2.09
212.75 224.70 11.95 0.94 0.44 0.02 4.58 0.05 0.01 1.24
incl. 215.10 217.00 1.90 1.63 0.37 0.05 8.07 0.06 0.01 1.96
P-030
MQ-14-070 40.75 60.85 20.10 0.63 0.20 0.02 3.21 0.11 0.04 0.84
53.30 54.50 1.20 1.86 0.52 0.06 9.84 0.29 0.16 2.40
MQ-15-089 33.95 43.50 9.55 0.41 0.07 0.02 1.72 0.06 0.04 0.51
35.35 36.60 1.25 0.95 0.17 0.03 4.69 0.17 0.06 1.17
P-032
MQ-15-090 71.90 85.70 13.80 0.79 0.27 0.02 4.04 0.05 0.01 1.00
84.20 85.70 1.50 2.47 0.69 0.08 12.61 0.17 0.03 3.08
MQ-15-100 122.50 130.50 8.00 0.58 0.14 0.02 3.31 0.03 0.01 0.71
125.90 126.90 1.00 1.60 0.34 0.05 9.49 0.11 0.03 1.94
P-053
MQ-15-082 93.00 116.70 23.70 1.98 0.62 0.09 14.26 0.10 0.05 2.56
93.00 104.50 11.50 1.12 0.91 0.05 7.68 0.06 0.02 1.73
104.50 116.70 12.20 2.78 0.36 0.13 20.47 0.14 0.07 3.35
MQ-15-084 196.00 201.60 5.60 1.03 0.34 0.05 8.17 0.07 0.02 1.36
199.15 201.05 1.90 1.70 0.20 0.09 14.40 0.09 0.04 2.08
P-058
MQ-14-054 70.60 76.18 5.58 1.72 0.26 0.04 8.81 0.07 0.01 1.99
73.65 74.46 0.81 5.23 0.07 0.11 26.20 0.32 0.03 5.66
MQ-14-059 22.26 24.00 1.74 2.54 2.75 0.07 15.74 0.06 0.03 4.15
23.55 24.00 0.45 4.19 7.73 0.12 27.20 0.04 0.05 8.47
MQ-15-077 149.00 170.50 21.50 0.55 0.27 0.02 2.94 0.04 0.01 0.75
P-059
MQ-15-078 79.25 91.40 12.15 1.16 1.00 0.03 6.61 0.11 0.05 1.80
Spotty Hill (IHC)
MQ-15-075 236.45 252.00 15.55 1.06 0.24 0.04 5.25 0.14 0.15 1.35
237.00 243.00 6.00 1.77 0.23 0.07 9.58 0.22 0.23 2.17
Notes:
Intervals represent core lengths, not necessarily true widths.
*Ni EQ was calculated based on the following formula using London Metal Exchange and London Bullion Market Association metal prices as at Nov. 17th and assuming 100% metal recoveries:
*NiEQ = Ni% + (Cu% x 2.13/4.16) + (Co% x 10.89/4.16) + ((Pt g/t x10000) x (861*14.5833/4.16)) + ((Pd g/t x 10000) + (547 *14.5833/4.16))
(Metal prices are per pound).
Assays previously reported in news releases dated:
November 10, 2015; October 20, 2015; September 23, 2015; September 2, 2015; November 11, 2014; November 3, 2014; October 21, 2014; September 29, 2014; December 3, 2014

 

Sulphide mineralogy

 

The Maniitsoq mineralization typically consists of pyrrhotite, pentlandite, pyrite and chalcopyrite. Previous high-definition mineralogical studies identified pentlandite as being the primary nickel-bearing phase hosting greater than 90 per cent of the nickel and indicated potentially high nickel recoveries using convention mineral processing techniques (see news releases dated March 2, 2015, and June 11, 2013). Additional mineralized samples were collected in 2015 and recently submitted to SGS Canada Inc. of Burnaby, B.C., for similar analysis.

 

Geological setting, mapping and 3-D modelling

 

In July, 2015, SRK Consulting (Canada) Inc. of Toronto, Ont., carried out a three-week structural and lithological mapping program including review of 2015 drill core. This work led to a better understanding of the geological setting, including the identification of a widespread sedimentary basin, which was intruded by mafic to ultramafic intrusions of the Greenland norite belt and later subjected to metamorphism and polyphase deformation. These features are similar to those of the Thompson nickel belt.

 

NAN geologists completed detailed mapping over several mineralized norite intrusions in 2015. This information was used by SRK in conjunction with drilling data to carry out 3-D modelling of the deformed norites and related mineralization in order to aid in drill hole targeting, and this methodology promises to be useful in future follow-up drilling.

 

Nature of mineralization and geophysical response

 

Maniitsoq mineralization comprises disseminated, blebby, net-textured, semi-massive and massive sulphides. Secondary structural processes have affected primary sulphides resulting in the formation of stringers, veins, fracture fillings and sulphide breccia veins. The sulphide zones are commonly represented by multiple discrete electromagnetic plates, and this is interpreted to be due, at least in part, to the remobilization and disruption of primary magmatic sulphides. In 2015, step-out drilling that targeted the projected down-plunge extents of mineralized zones, but not necessarily specific EM plates, continued to intersect mineralized norite.

 

EM methods have proven successful at identifying the higher-grade, more sulphidic portions of a given zone but are not as effective at outlining the overall envelope of mineralization, which can include significant accumulations of disseminated, blebby sulphides and/or less interconnected sulphides. In 2016, the company plans to carry out induced-polarization test surveys to determine if this method is useful in defining the overall extents of mineralized zones.

 

Expanded database

 

The 2015 airborne survey completed the VTEM coverage over the GNB as defined on the Maniitsoq property. During the period extending from late July through to mid-September, DigitalGlobe of Longmont, Colo., successfully collected high-spatial-resolution multispectral Worldview-3 satellite data across the entire property. Integrated with the company's other exploration datasets, this imagery provides the potential to directly target gossanous mineralization on the ground and to vastly improve on the level of mapping detail across the property.

 

Future plans

 

In 2016, NAN plans to implement a large follow-up drilling program and continue the systematic exploration of the district-scale Maniitsoq property. A key component of NAN's evolving exploration strategy is the integration of conventional EM geophysical tools with new complementary targeting tools in order to define the extent of prospective norite stratigraphy and the full extents of mineralized zones.

 

Technical information and qualified person

 

The company is not aware of any legal, political, environmental or other risks that could materially affect the potential development of the project other than those set out in its annual information form filed on SEDAR.

 

All technical information in this release has been reviewed by Patricia Tirschmann, PGeo, who is the qualified person for the company and vice-president, exploration, for North American Nickel.

 

 

Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.


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