MQ-12-008 was collared 265 m northwest of holes MQ-12-006 and 007 and was designed to intersect the top of conductor P-59 approximately 125 m below surface. The hole did intersect norite but no significant mineralization was encountered. Off-hole BHEM conductors were detected above and below the hole.
BHEM data from holes MQ-12-007 and 008 (hole MQ-12-006 was not surveyed) indicate the Fossilik II mineralization is very limited in extent. Further analysis of the BHEM and VTEM data is required to determine if further drilling is warranted on the P-59 conductor. Kimberlite dykes, up to 7.29 m long in core, were intersected in the holes MQ-12-006 and 007. Samples have been forwarded to the Saskatchewan Research Council for kimberlite indicator mineral recovery and micro- and macro-diamond recovery.
The Company would also like to announce that it has granted incentive stock options to certain employees and consultants of the Company to purchase up 300,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before January 15, 2018, at an exercise price of $0.15 per share.
ABOUT THE MANIITSOQ PROJECT
The Maniitsoq Ni-Cu-PGM project is located along the southwest coast of Greenland, a safe, stable, mining-friendly jurisdiction. The southwest coast of Greenland is navigable year-round and there are abundant potential sites for deep water ports.
As described in NAN's previous news releases, and shown in Figure 1, the Maniitsoq project is focussed on the 75 km long by 15 km wide Greenland Norite Belt (GNB), the vast majority of which is within NAN's exclusive exploration licences, which total 4,983 km2. The GNB is particularly attractive for nickel sulphide exploration as it hosts numerous nickel showings with consistently high nickel tenor.
Since acquiring the Maniitsoq project in 2011, NAN has completed helicopter EM surveys over most of the GNB. Numerous untested conductors have been detected and are being evaluated through prospecting and diamond drilling.
For previous press releases and more information on NAN and the Maniitsoq project please visit the company website at www.northamericannickel.com.
All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President of North American Nickel Inc.
Quality Assurance/Quality Control and Analytical Methodology
Drill core assay results are evaluated as part of a Quality Assurance and Quality Control procedure that includes the use of multi-element, certified standards with known precious and base metal values, blank standards and control charts to determine accuracy and precision of analytical results. Core sample analysis was completed by Activation Laboratories Ltd. of Ancaster, Ontario.
Three methods of analysis were used to determine element concentrations in the rock samples submitted to Activation Laboratories. These were 1. A multi-element scan, subsequent to a four-acid digestion and ICP/ICP-OES finish; 2. Au, Pt and Pd fire assay on a 30 gram sample with ICP-OES finish; and 3. Samples with greater than 1.00% Ni or Cu were re-analyzed by ICP-OES calibrated for higher detection limits.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE: VMS) owns approximately 21M shares of NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 4,983 square km's covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.
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 WIC is situated 13 km southeast of Sudbury and 1 km south of Trans-Canada Highway 17 at Wanapitei. It is an elongate 5.6 km by 2.4 km layered mafic intrusion trending northeast-southwest that comprises nickel-copper-PGE mineralized gabbro-norite and a gabbro "Injection Breccia Zone".
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
North American Nickel Inc.
604-986-2020 or Toll free: 1-866-816-0118
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