Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

PR Newswire · Mar 18 18:45

Highlights

First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01
Best interval to date at first hole at Reid - 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17
First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence – approximately 2 times thicker than Crawford's Main zone

TORONTO, March 18, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce positive initial assay results from its 2024 exploration program including the first two holes at the Company's Newmarket property and results from the first hole from its Reid property, which delivered the best drill results to date from Reid.

Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity (CNW Group/Canada Nickel Company Inc.)

Figure 2 – Reid – Cross Section looking East (CNW Group/Canada Nickel Company Inc.)

Figure 3 – Newmarket – CNC Drillholes Over Total Magnetic Intensity (CNW Group/Canada Nickel Company Inc.)

Figure 4 – Newmarket – Mann Southeast targets (CNW Group/Canada Nickel Company Inc.)

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Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

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