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North American Nickel ( NAN.V / WSCRF)
Dundee Capital Markets Report: North American Nickel
Symbols NAN.V / WSCRF
Excellent Grades in Assays Persist
Results from 2012-2013 drill campaigns include significant intercepts of Ni-Cu sulphides. The most recent release includes an intercept of 10m grading 4.65% Ni and 0.36% Cu, which, while not representative of true width, is an excellent indicator of the economic potential of the conduits that are being drilled. The intercept is shallow and contained within a broader zone of 55.8m grading 1.28% Ni and 0.36% Cu from 57.75 to 113.50m down hole. On conversion, based on current nickel prices (a depressed $7/lb), this intercept equates to 0.5-0.6oz/t gold, which is exceptional.
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News Drills High Grade Again
DISCOVERY OF HIGH GRADE NICKEL AT IMIAK NORTH
55.75m of 1.28% Ni incl. 9.99m of 4.65% Ni
Vancouver, British Columbia, October 23, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce a new discovery of high grade nickel and copper-cobalt-PGM mineralization at Imiak North, 950m north of Imiak Hill, and additional copper-nickel-cobalt and elevated-PGM mineralization at Spotty Hill, 1350m east of Imiak Hill.
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HIGH GRADE NICKEL DISCOVERY ANNOUNCED
Intersects 18.62m of 4.31% Ni, incl. 7.12m of 5.18% Ni
Vancouver, British Columbia, October 10, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce high grade nickel-copper-cobalt mineralization at its Imiak Hill discovery based on results from drill holes MQ-13-019, MQ-13-024 and MQ-13-026.
Assays of up to 7.06% nickel in MQ-13-026 and 6.26% nickel in MQ-13-024 have been received.
Imiak Hill is one of three mineralized conduits at the Imiak Hill Conduit Complex (IHCC) located in the northern part of the Company's 100% owned Maniitsoq Nickel - Copper - Cobalt and PGM project in southwest Greenland (See figure 1 and figure 2).
IMIAK HILL
Highlights of the Imiak Hill drilling:
DDH MQ-13-026: at 149 m down the hole:
• Intersected 25.51m grading: 3.25% nickel, 0.48% copper, 0.11% cobalt,
• Including: 18.62m of 4.31% nickel, 0.62% copper, 0.14% cobalt
• Including: 7.12m of 5.18% nickel, 0.81% copper, 0.17% cobalt
• Including: 4.01m of 6.04% nickel, 0.64% copper, 0.19% cobalt
DDH MQ-13-024: at 136 m down the hole:
• Intersected 14.90m grading: 2.67% nickel, 0.39% copper, 0.09% cobalt
• Including: 5.23m of 5.03% nickel, 0.30% copper, 0.16% cobalt
DDH MQ-13-019: at 118 m down the hole:
• Intersected 8.68m grading: 1.53% nickel, 0.43% copper, 0.06% cobalt
• Including: 3.56m of 3.27% nickel, 0.66% copper, 0.10% cobalt
Assays for the deepest 2013 hole at Imiak Hill, DDH MQ-13-028, which is below DDH MQ-13-026, are pending. The mineralization at Imiak Hill remains open at depth (see figure 3).
Assays for the other two mineralized intrusions at the Imiak Hill Conduit Complex, Imiak North and Spotty Hill, are also pending.
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This stock has been climbing since Aug 23 when it released news on strong core sulphides.
Has many assays pending from 25 holes, 2013 drilling.
Assay announcements coming in October.
Some are thinking another Voisey Bay or Norlisk.
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