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North American Nickel Inc
Symbol C : NAN
Shares Issued 787,928,500
Close 2019-05-15 C$ 0.025
Recent Sedar Documents

North American Nickel acquires property in NW Ontario

2019-05-15 14:17 ET - News Release

Mr. Mark Fedikow reports

NORTH AMERICAN NICKEL ACQUIRES NEW PROPERTY IN ONTARIO

North American Nickel Inc. has acquired 100-per-cent ownership of a property near the southern extent of the Lingman Lake greenstone belt in Northwestern Ontario and in the Quetico region near Thunder Bay, Ont. The acquisition of these properties is part of the company's strategy to develop a pipeline of new nickel projects.

The company recently staked 188 claim cells in Northwestern Ontario. The property, known as the Lingman nickel project, covers a portion of the Archean-age Lingman Lake greenstone belt, which includes tholeiitic-komatiitic rocks and sulphide facies iron formation. Historic fieldwork has identified ultramafic rocks with elevated nickel and copper in grab samples. A 2011 VTEM (versatile time-domain electromagnetic) survey shows a strong magnetic response over 13 kilometres in strike length with numerous coincident magnetic/electromagnetic anomalies that are untested. The compilation of historic data has been completed and the company is preparing plans for an initial program of fieldwork to evaluate the nickel/copper/cobalt and precious metal potential.

In addition, the company staked a total of 809 claim cells in the Atikokan-Thunder Bay area following project generation compilation work completed in 2018. Four hundred of these cells lie within the Quetico Subprovince corridor, which is known to host intrusions with nickel/copper/cobalt/platinum group metal mineralization related to a late 2,690-million-year-ago Archean magmatic event. Four hundred nine claim cells in two distinct blocks were acquired to follow up on the Neoproterozoic (1,100 million years ago, mid-continental rift) magmatic event and related intrusions. Three clusters of claims cells, labelled Quetico South, East and West, cover magnetic features interpreted to represent small differentiated intrusions. The review of government geological and geophysical data as well as historic assessment file data is continuing.

Engagement and continuing dialogue with the local first nation groups will occur as the 2019 scope of work is formalized.

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 SEDAR.

All technical information in this release has been reviewed and approved by Dr. Peter C. Lightfoot, PhD, PGeo (consulting chief geologist), who is the qualified person for the company.

About North American Nickel Inc.

North American Nickel is a mineral exploration company with 100-per-cent-owned properties in Maniitsoq, Greenland, and Sudbury, Ont.

The Maniitsoq property in Greenland is a camp-scale permitted exploration project comprising 3,048 square kilometres covering numerous high-grade nickel-copper-plus-cobalt sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland norite belt (GNB).

The 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.

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