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: High Grade Nickel Sulphides Intersected at Fossilik, P-058 Target

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 12, 2016) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) (the "Company" or "NAN") is pleased to report that assays have been received from initial 2016 drill holes completed in the Fossilik area on their 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland. The Company completed a total of 9,596 metres of drilling during the 2016 exploration program.


Two holes drilled to test the down dip extent of the P-058 mineralization intersected high grade zones of remobilized massive and breccia sulphide veins which have extended the mineralization by 150 metres in a down-dip direction. Highlights include:


MQ-16-105: 10.20 metres of 3.41% Ni, 0.28% Cu, 0.10% Co and 0.13 g/t Pt+Pd+Au (3.85% Ni Eq)
4.10 metres of 4.85% Ni, 0.29% Cu, 0.14% Co and 0.13 g/t Pt+Pd+Au (5.42% Ni Eq)
MQ-16-111: 3.06 metres of 3.93% Ni, 0.25% Cu, 0.10% Co and 0.09 g/t Pt+Pd+Au (4.34% Ni Eq)


NAN CEO, Keith Morrison, commented: "The new intersection in hole MQ-16-105 at P-058 is one of the best obtained to date on the Maniitsoq property. Importantly, the positive drilling and geophysical results indicate that the P-058 mineralization has vertical continuity, is improving in width and conductance with depth and is open at depth. They also support NAN's prioritization of the Fossilik area which encompasses one of the largest surface expressions of mineralized norite in the Greenland Norite Belt. We will be reporting additional exploration results from the Fossilik area as assays become available."


The drilling program was concluded in mid-September with a total of 9,596 metres completed in 30 holes and two hole extensions. Nine mineralized zones and several regional targets were tested as shown in Figure 1. Assay results continue to be received and collated and the Company plans to report additional results at regular intervals over the next six to eight weeks. Demobilization of exploration personnel and the camp was safely completed by late September.


This release summarizes the results for three holes totaling 1,260 metres completed in the Fossilik area, located in the central portion of the Maniitsoq property, and includes two holes at the P-058 target and one hole at the P-059 target (see Figures 2 and 3). Two additional holes have been completed at P-058 for which assays are pending. Drill collar information and a summary of assays are provided in Tables 1 and 2, respectively. Figures may be viewed using the link provided with this release.


Table 1: Drill Collar Information, Fossilik Area

Hole Number UTM
Azimuth Dip Target
MQ-16-105 473739 7248623 658 411.00 111 -73 P-058
MQ-16-111 473885 7248715 684 477.00 184 -76 P-058
MQ-16-129 473745 7248624 657 265.00 118 -52 P-058
MQ-16-131 473744 7248624 657 316.50 117 -64 P-058
MQ-16-108 473762 7248597 655 372.00 322 -57 P-059

Notes: Collar coordinates in UTM WGS84 Zone 22N


Table 2: Assay Results, Fossilik Area


Hole Number From
P-058 Target
MQ-16-105 323.55 333.75 10.20 3.41 0.28 0.10 16.77 0.09 0.02 0.018 3.85
Incl. 324.20 328.30 4.10 4.85 0.29 0.14 24.21 0.09 0.03 0.007 5.42
and 330.90 331.85 0.95 6.31 0.12 0.18 30.00 0.04 0.03 BDL 6.87
and 332.45 332.75 0.30 6.34 0.24 0.17 32.50 0.10 0.03 BDL 6.97
and 333.30 333.75 0.45 6.06 0.11 0.17 28.60 0.44 0.05 0.004 6.71
348.40 357.30 8.90 0.73 0.19 0.02 3.60 0.04 0.01 0.007 0.88
MQ-16-111 383.70 383.95 0.25 0.95 0.41 0.25 27.90 0.26 0.03 0.005 1.92
392.09 395.15 3.06 3.93 0.25 0.10 20.43 0.07 0.02 0.001 4.34
430.70 431.30 0.60 5.64 0.50 0.18 32.90 0.04 0.04 0.001 6.39
MQ-16-129 Assays Pending
MQ-16-131 Assays Pending
P-059 Target
MQ-16-108 NSA


Notes: Intervals represent core lengths, not necessarily true widths.
NSA - No Significant Assays
BDL - Below Detection Limit of 0.001 g/t
*Ni EQ was calculated based on the following formula using London Metal Exchange prices for Ni, Cu and Co on October 10, 2016 and London Bullion Market Association metal prices for Pt, Pt and Au on October 10, 2016 (PM) and assuming 100% metal recoveries:
*NiEQ = Ni% + (Cu% x 2.17/4.67) + (Co% x 12.93/4.67) + ((Pt g/t x10000) x (967*14.5833/4.67)) + ((Pd g/t x 10000) + (667 *14.5833/4.67)) + (Au g/t x 10000) x (1259.50*14.5833/4.67))
(Metal prices are per pound).


P-058 Target


The P-058 target comprises a northeast striking and steeply northwest dipping panel of mineralized norite hosted in orthogneiss and cross-cut by parallel to sub-parallel mylonite zones. Mineralization consists predominantly of remobilized massive to breccia sulphide veins and stringers but locally includes disseminated to blebby magmatic sulphides. Drilling in 2014 intersected narrow massive nickel-copper sulphide veins at shallow depths and follow-up drilling down dip in 2015 intersected a wider zone of magmatic sulphides (see NAN News Releases dated September 29, 2014 and September 2, 2015). Based on drilling and geophysical results to date, the P-058 mineralization is interpreted to extend from near surface to a vertical depth of 350 metres.


The initial two 2016 drill holes, reported herein, were drilled to test for the down dip extension of the previously intersected mineralization. Both holes intersected high grade remobilized sulphides which are interpreted to extend the zone both down dip and along strike. A drilling plan map and inclined longitudinal section are given in Figures 2 and 3, respectively. Borehole electromagnetic (BHEM) surveys were completed in both holes.


Hole MQ-16-105 was designed to test the lower edge of a moderate conductance BHEM plate down dip of the previously defined P-058 mineralization and intersected a norite-hosted zone comprised mainly of remobilized massive sulphide veins and lesser amounts of disseminated and stringer sulphides. The zone graded 3.41% nickel, 0.28% copper and 0.10% cobalt over 10.20 metres from 323.55 to 333.75 metres. Included within this interval was a higher grade section grading 4.85% nickel, 0.29% copper and 0.14% cobalt over 4.10 metres with individual samples returning values of up to 6.79% nickel. A second (footwall) zone of norite-hosted disseminated sulphides was intersected from 348.40 to 357.30 metres which graded 0.73% nickel and 0.19% copper over 8.90 metres. The borehole EM survey detected a strong in-hole anomaly and long wavelength anomalies throughout the hole, including a significant off-hole build-up at the bottom of the hole which was interpreted to be a high conductance anomaly lying at a low angle to the hole and extending down-dip.


Hole MQ-16-111 was designed to test near the lower edge of the BHEM target detected at the end of hole MQ-16-105 and intersected a similar zone of remobilized massive and breccia sulphide veins grading 3.93% nickel, 0.25% copper and 0.10% cobalt over 3.06 metres from 392.09 to 395.15 metres. A narrow pyrite-rich massive sulphide vein was intersected a short distance up-hole and returned 0.95% nickel and 0.41% copper over 0.25 metres. A pentlandite-rich breccia sulphide vein grading 5.64% nickel and 0.50% copper over 0.60 metres was intersected approximately 35 metres down hole from the main remobilized sulphide zone.


The remobilized sulphide zone in MQ-16-105 lies 110 metres down dip and 40 metres along strike to the southeast of the nearest previous intersection in hole MQ-15-077. The remobilized sulphide zone in MQ-16-111 lies 40 metres down dip and 55 metres along strike to the southeast of the remobilized intersection in MQ-16-105. Collectively, these two holes extend the main P-058 mineralization by approximately 150 metres down dip.


The P-058 mineralization can be correlated with a series of BHEM plates which, in general, dip steeply to the northwest, and extend from surface to a vertical depth of 350 m. The overall zone can be represented by several large moderate conductance EM plates with multiple imbedded high conductance plates which are small in size near surface but increase in size with depth.

This change in EM signature is significant because it demonstrates that the mineralization at P-058 has greater size and continuity at depth than near surface. Modeling of existing BHEM data also suggests that the zone remains open at depth.

Two additional holes, for which assays are pending, were completed at P-058 to test a large moderate conductance BHEM plate situated in an untested gap to the northeast of hole MQ-15-077.


P-059 Target


MQ-16-108 was drilled to test a moderate conductance off-hole anomaly located down plunge of previously intersected P-059 mineralization (see NAN News Release dated September 2, 2015). Unmineralized norite was intersected at the target depth and the hole appears to have narrowly missed intersecting mineralization as indicated by the BHEM results. A moderate conductance off-hole anomaly was detected at the target depth and is interpreted to lie within 15 metres of the hole and extend in an up dip direction.


Quality Control


The drilling was completed by Boart Longyear Canada utilizing two Boart LF-70 diamond drill rigs. Drill core samples (40.54 mm BQTK and 47.6 mm NQ) are cut in half by a diamond saw on site. Half of the core is retained for reference purposes. Samples are generally 1.0 to 1.5 metre intervals or less at the discretion of the site geologists. Sample preparation is completed at the ALS Minerals preparation lab in Öjebyn, Sweden. Sample pulps are sent by air courier to ALS Minerals analytical laboratory in Loughrea, Ireland. Blank samples and commercially prepared and certified Ni sulphide analytical control standards with a range of grades are inserted in every batch of 20 samples or a minimum of one per sample batch. Analyses for Ni, Cu and Co are completed using a peroxide fusion preparation and ICP-AES finish (ME-ICP81). Analyses for Pt, Pd, and Au are by fire assay (30 grams nominal sample weight) with an ICP-AES finish (PGM-ICP23).


Technical Information; 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 Please see below under the heading "Cautionary Note Regarding Forward-looking Statements" for further details regarding risks facing the Company.


All technical information in this release has been reviewed and approved by Patricia Tirschmann, P.Geo, who is the Qualified Person for the Company and Vice President Exploration, North American Nickel Inc.


About the Company


NAN is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Sudbury, Ontario.


The Maniitsoq property in Greenland is a Camp scale project comprising 2,985 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland accessible from the existing Seqi deep water port (See NAN News Release dated January 19, 2015) with an all year round shipping season and abundant hydro-electric potential.


The Company's Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along an interpreted extension of the Whistle Offset embayment structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.



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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