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Canada Nickel announces additional results on regional properties

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Global Mining Review,

Canada Nickel Company Inc. has announced initial results from its drill programme testing targets located on its regional properties around its cornerstone Crawford Nickel Project.

The first two discovery holes at the Nesbitt Nickel property intersected visible disseminated nickel sulfides on a geophysical target that is 3.7 km long and 100 – 300 m wide and located just 8 km north of the company’s Crawford Nickel Project. The first two holes at the Mahaffy Nickel property and the first two holes drilled by Canada Nickel on the Kingsmill property intersected mineralised dunite across core lengths up to 417 m. Assays are pending on all holes.

Mark Selby, Chair and CEO, said: “This discovery at Nesbitt of sulfide mineralisation just 8 km from Crawford is very exciting as it opens up the potential for another higher-grade source of feed for the Crawford mill. This discovery also further confirms the district scale potential of our properties. The success of our geophysical approach combined with the success in confirming the results of the historic Nesbitt drilling increases the potential for success following up on the historic 0.38% nickel interval at the recently acquired Bradburn/Dargavel target.”

Steve Balch, Vice Principal Exploration, said “These results highlight the success of our geophysical approach to define these hidden targets as we have intersected significant mineralisation in every drill hole on our first three regional properties. While this approach has identified multiple targets on each property, we will focus our efforts outside of Crawford on Nesbitt, MacDiarmid, and our recently acquired Dargavel/Bradburn property as those properties will be closest to the Crawford infrastructure, appear to be more serpentinised, and most importantly, now have demonstrated higher grade potential. We will continue to explore targets on the other properties as we improve our robust methodology to rapidly evaluate prospects.”

The Nesbitt Nickel property is located 8 km north of the company’s initial discoveries in Crawford Township. The Mahaffy Nickel property is located 15 km west of Crawford and the Kingsmill Nickel property is located 22 km northwest of Crawford. The Crawford Nickel Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of mining activity.

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