November 29, 2022
  • November 29, 2022

Canada Nickel Co. Updates Crawford MRE

By on July 7, 2022 0

Canada Nickel Company Inc. announced a updated mineral resource estimate (MRE) for its 100% owned Crawford nickel sulphide project near Timmins, Ontario, doubling the project’s Measured and Indicated (M&I) mineral resources.

Mark Selby, President and CEO, said, “We are very pleased with our continued exploration success at Crawford. Our overall M&I resources more than doubled, largely due to outstanding exploration success in our East Zone. In less than three years after the initial discovery, we believe Crawford has quickly become the fifth largest nickel sulphide resource in the world. Combined with the potential for zero carbon production, Crawford is expected to become an important source of nickel for electric vehicle and stainless steel producers. With additional potential from a number of holes still awaiting assay at the resource cut-off date, we expect the final feasibility study resource to support the upper limit of our mine plan target of 1.3 to 1.8 billion tons. The Crawford Feasibility Study continues to be on track for completion by the end of the year. »

Crawford MRE Update

M&I’s total resources more than doubled to 1.43 billion tonnes at 0.24% nickel (Ni) and inferred resources were 0.67 billion tonnes at 0.23% Ni. East Zone M&I resources increased more than 14 times to 701 million t at 0.23% Ni and Main Zone resources increased by 17% to 724 million t at 0.25% Ni . With 3.48 million tonnes of contained nickel in M&I resources, the company estimates that Crawford has the fifth largest contained nickel sulphide resource in the world. M&I’s resources also include 93.9 million tonnes of iron, 8.5 million tonnes of chromium, 183,000 tonnes of cobalt and 1.06 million ounces of palladium and platinum.

This updated resource is based on a combined total of 113 drill holes and 56,286 m of drilling. Consistent with previously reported resources, a cut-off grade of 0.15% Ni was used in the ERM. 60% of assays from 54 additional exploration drill holes in the East and Main Zones that had not yet been received by the resource closing date will subsequently be incorporated into the final feasibility study resources. Given the focus on the Main Zone and East Zone as resources for this phase of the Feasibility Study, the North Zone (15 drill holes) and West Extension (38 holes) resources drilling) are expected to be completed later this year and incorporated into the final feasibility study. study.

This MRE has been prepared by Caracle Creek International Consulting Inc. in accordance with the CIM Definition Standards for Mineral Resources and Mineral Reserves. The MRE has been effective since July 6, 2022.

East area

Drilling in 2021 and early 2022 joined the two previously isolated sections of mineralization. The updated resource, consisting of a total of 47 drill holes and 22,563 m, extended the resource 500 m to the east for a total of 2.6 km in strike length, to 350 m wide and more than 650 m deep. Drilling has extended the mineralization an additional 200m to the east and the mineralization remains open at depth. Higher grade mineralization continues at depth beyond the current resource, as tested by hole CR22-230 which was completed to a depth of 1155m. Analyzes of this hole are pending.

Main area

Drilling in the Main Zone has focused near the western extension and tested the continuation of higher grade targets at depth. The Main Zone resource now consists of a total of 66 drill holes and 33,723 m of drilling and is defined over a length of 1.9 km, a width of up to 580 m and a depth of 700 m. Higher grade mineralization continues at depth beyond the current resource, as tested by hole CR22-198 which was completed to a depth of 1044m. Analyzes of this hole are pending.

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