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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/15/13 -- North American Nickel Inc. (TSX VENTURE: NAN)(OTCBB: WSCRF) (CUSIP: 65704T 108) North American Nickel ("NAN") is pleased to provide a summary of results from its 2012 drill program at Maniitsoq. The project was initiated in 2011 and this was NAN's first drill program. The positive results confirm the economic significance of the project and demonstrate the effectiveness of helicopter and borehole geophysics at locating nickel sulphide mineralization in the project area.
Significant results were reported as they became available during late 2012. This release provides more technical detail on the drill holes, including drill collar locations, and several new drill related figures (attached) incorporating all drill data now available.
HIGHLIGHTS
-- High-grade, multi-element intersections over significant intervals were made in three holes at two of the three locations drilled in 2012 (anomalous mineralization was intersected at the third location): MQ-12-001 (Imiak Hill) 26.98 m @ 0.98% Ni, 0.44% Cu and 0.04% Co Incl. 16.64 m @ 1.36% Ni, 0.52% Cu and 0.05% Co Incl. 5.12 m @ 2.20% Ni, 0.55% Cu, 0.07% Co MQ-12-002 (Imiak Hill) 66.08 m @ 0.55% Ni, 0.20% Cu and 0.02% Co Incl. 5.15 m @ 1.22% Ni, 0.49% Cu and 0.04% Co Incl. 14.18 m @1.33% Ni, 0.38% Cu and 0.04% Co MQ-12-005 (Spotty Hill) 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co and 0.26 g/t Pt+Pd+Au Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co and 0.52 g/t Pt+Pd+Au Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co and 0.60 g/t Pt+Pd+Au-- Down hole EM surveys and historical drilling indicate the Imiak Hill mineralization is open down plunge. The Spotty Hill mineralization is open down dip and along strike to the southeast.
2012 DRILL PROGRAM (Figures 1 to 3: http://media3.marketwire.com/docs/NAN0115.pdf)
The program ran from August 27 to September 16 and consisted of nine diamond drill holes totaling 1,551 m. The holes were drilled at three sites: Imiak Hill, Spotty Hill and the Fossilik II - Conductor P-59 area (Figure 1).
Significant lengths of sulphide mineralization containing high-grade, nickel + copper + cobalt +/- precious metals were intersected at the adjacent sites Imiak Hill and Spotty Hill, and anomalous mineralization was encountered at Fossilik II (figures 2 and 3). These sites are situated in the recently recognized Maniitsoq Impact Structure (comparable in size to Sudbury and possibly the largest impact site on Earth). The sulphide mineralization is hosted by norite intrusions of the Greenland Norite Belt (GNB). The nearest tide water is at Kangia Fjord, 35 kilometers to the southwest; the Maniitsoq coastline is pack ice free year round.
Significant intersections are summarized in Table 1 and collar coordinates are listed in Table 2. Background on the Maniitsoq project and copies of the 2012 drill logs, including Ni, Cu, Co, Pt, Pd, Au and S assay results, are available on the company's website (www.northamericannickel.com).
Table 1: Significant intersections-------------------------------------------------------------------------- From To Length Ni Cu Co Pt Pd Au SHole # (m) (m) (m) (%) (%) (%) (g/t) (g/t) (g/t) (%)--------------------------------------------------------------------------MQ-12-001 5.32 32.30 26.98 0.98 0.44 0.04 less less less 5.26 than than than 0.01 0.01 0.01-------------------------------------------------------------------------- Incl. 11.82 28.46 16.64 1.36 0.52 0.05 less less less 7.08 than than than 0.01 0.01 0.01-------------------------------------------------------------------------- Incl. 11.82 16.94 5.12 2.20 0.55 0.07 less less less 10.16 than than than 0.01 0.01 0.01-------------------------------------------------------------------------- Incl. 23.35 28.46 5.11 1.74 0.48 0.06 less less less 8.22 than than than 0.01 0.01 0.01----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-002 4.00 70.08 66.08 0.55 0.20 0.02 less less less 2.25 than than than 0.01 0.01 0.01-------------------------------------------------------------------------- Incl. 4.00 9.15 5.15 1.22 0.49 0.04 less less less 4.96 than than than 0.01 0.01 0.01-------------------------------------------------------------------------- Incl. 55.90 70.08 14.18 1.33 0.38 0.04 less less less 5.19 than than than 0.01 0.01 0.01----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-003 59.29 67.00 7.71 0.18 0.06 0.01 less less less 1.09 than than than 0.01 0.01 0.01----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-005 41.36 165.30 123.94 0.81 0.21 0.03 0.12 0.11 0.03 2.91-------------------------------------------------------------------------- Incl. 117.80 142.00 24.20 1.75 0.34 0.06 0.22 0.25 0.05 6.30-------------------------------------------------------------------------- Incl. 117.80 126.00 8.20 2.39 0.21 0.07 0.28 0.30 0.02 7.44----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-006 78.90 82.11 3.21 0.63 0.10 0.04 0.01 less less 5.40 than than 0.01 0.01----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-007 78.24 82.31 4.07 0.30 0.13 0.02 0.01 less less 1.67 than than 0.01 0.01-------------------------------------------------------------------------- Incl. 82.01 82.31 0.30 1.46 0.86 0.08 0.08 0.01 0.01 9.01----------------------------------------------------------------------------------------------------------------------------------------------------MQ-12-009 8.00 127.00 119.00 0.17 0.03 0.01 0.02 0.02 0.01 0.43-------------------------------------------------------------------------- Incl. 61.00 73.56 12.56 0.26 0.06 0.02 0.03 0.03 0.01 0.88--------------------------------------------------------------------------Table 2: Hole collar locations--------------------------------------------------------------------------- Eleva- UTM UTM tion East(i) North(i) (ii) Azimuth Dip Length Area /Hole # (m) (m) (m) (degrees)(degrees) (m) Target--------------------------------------------------------------------------MQ-12-001 477455 7257225 546 275 -45 106.07 Imiak Hill--------------------------------------------------------------------------MQ-12-002 477455 7257225 546 275 -70 173.12 Imiak Hill--------------------------------------------------------------------------MQ-12-003 477485 7257186 543 275 -73 292.00 Imiak Hill--------------------------------------------------------------------------MQ-12-004 477459 7257260 540 275 -45 95.40 Imiak Hill--------------------------------------------------------------------------MQ-12-005 478937 7257298 628 222 -65 237.13 Spotty Hill--------------------------------------------------------------------------MQ-12-006 473878 7248498 604 320 -50 109.11 Fossilik II--------------------------------------------------------------------------MQ-12-007 473878 7248498 604 317 -50 120.70 Fossilik II--------------------------------------------------------------------------MQ-12-008 473680 7248678 645 330 -70 224.94 VTEM P-59--------------------------------------------------------------------------MQ-12-009 478877 7257351 613 222 -60 192.32 Spotty Hill--------------------------------------------------------------------------- Total: 1550.79 m(i) WGS84 UTM Zone 22N(ii) Meters above sea level
