Canada Nickel Company Inc. has announced it has received assays for drillhole BAN2418 which intersected 4.0 m of massive sulphide within a disseminated sulphide-bearing peridotite at Bannockburn, one of the Company’s southern exploration properties in the Timmins Mining Camp.
CEO Mark Selby said, “These are very exciting results and one of the highest-grade nickel intervals discovered this year – highlighting the potential of our district scale land package and significant nickel resources to also deliver high grade nickel. I look forward to further unlocking the potential of the Bannockburn F-Zone target, while also continuing to test the other high potential conductors identified in other zones of the Bannockburn property.”
The Bannockburn Property is located 65 km south of Timmins and approximately 20 km west of Matachewan, Ontario and is located in the vicinity of the Company’s Midlothian and Sothman properties. The Company has been primarily focused on the large tonnage, low grade nickel zone (the BZone) and has identified a number of new prospective targets which are being tested for higher-grade material. Results from assays for massive sulphides identified in drillhole BAN24-18 confirmed very high-grade nickel mineralisation of 3.95% nickel over 4 m and up to 4.65% nickel over 1 m within a well mineralised zone of 1.61% nickel in 12 m drillhole length.
Canada Nickel was testing the previously identified F-Zone which had been historically drilled by Outokumpu Mining Oy and Mustang Minerals Corp. in the late 1990s and early 2000s and yielded narrow intervals of net-textured and massive sulphide mineralisation including 2.8 m of 2.9% nickel approximately 50 m east of the current interval.
The Company is now conducting a borehole electromagnetic (BHEM) survey. The BHEM survey will test for the presence of conductive sulphide mineralisation beyond the extents of the drillhole and can indicate the approximate size and location of the conductor representing the mineralised sulphide system. Additional holes will be drilled based on the BHEM results.
Canada Nickel is also following up with similar targets inside the B-Zone that were highlighted during a semi-airborne EM survey (drone and ground loop) that was flown during the summer of 2024, performed by Rosor Corp. The survey shows two other higher conductivity/lower resistivity targets within the B-Zone.