North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt.
The Maniitsoq property in Greenland is district scale project at 4,841 square km. NAN's mineral exploration licence covers numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.
The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.
The Bell Lake property in Sudbury is a 256-acre property that covers approximately one kilometre of the Mystery Offset dyke or MOD. The MOD is interpreted to be an extension of the Worthington Offset dyke which hosts the new Totten Mine of Vale and the exciting Victoria Deep deposit of Quadra FNX.
VMS Ventures Inc. (TSX VENTURE:VMS) owns approx. 45% of NAN.
Plans are now being implemented to begin North American Nickel Inc.'s 2014 exploration and drill programs at its 100-per-cent-owned Maniitsoq nickel-copper-cobalt-PGM (platinum group metal) project in southwest Greenland.
The company has now awarded or tendered the following contracts.
- Air Greenland has been selected again this year to provide helicopter support for all of NAN's field programs. Its experienced pilots and favourable terms ensure quality service at competitive pricing for all the company's exploration activities, including drilling.
- Tenders for camp and logistics services are being evaluated and will be awarded in the coming week.
- Tenders for surface TDEM and gravity surveys will also be awarded in the coming week. The ground teams are scheduled to begin work in mid-April. The purpose of these surveys is to assist in identifying deep targets at the Imiak Hill conduit complex and the Fossilik showing, which is approximately nine kilometres to the south of the IHCC. The programs and analyses are scheduled to be completed by the end of May, in advance of the 2014 drill program.
- Drill tenders have been received and will be awarded by the end of March. Drilling is scheduled to begin in early June this year with an aggressive program at the IHCC, the site of high-grade intersections including, at Imiak Hill, MQ-13-026: 18.62 metres core length grading 4.31 per cent nickel, 0.62 per cent copper and 0.14 per cent cobalt from 156.70 m to 175.32 m, announced on Oct. 10, 2013.
More than 100 new conductive targets identified from the company's 2013 airborne EM survey have now been reviewed based on their geophysical responses. Those targets interpreted to be high priority will be assessed by surface prospecting and geological mapping, and then prioritized for the regional drill program, which is planned to be supported by a second drill, scheduled to begin in early July.
North American Nickel chief executive officer, Rick Mark, states: "We have learned a great deal about working in Greenland and even more about the northern portion of our 100-per-cent-owned, Sudbury-basin sized property located in the moderate climate of southwest Greenland. The incredible high-grade intersections from the Imiak Hill conduit complex last year have captured the nickel world's attention. Our geological model is supported by the mineralization improving as we go deeper and the three mineralized conduits at the IHCC being open at depth. We are committed to aggressively drilling to test for underlying nickel sulphide deposits. The grade is evident; this year we plan to build the tonnage. It will be an exciting year for all of our shareholders."
All technical information in this release has been reviewed by Dr. Mark Fedikow, PGeo, who is the qualified person for the company and president, North American Nickel.