Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today released assay results from the final three of four holes drilled on its Midlothian Property. Through a combination of cash payments, share issuances, exploration expenditure requirements and a net smelter returns royalty as part of an option agreement with Canadian Gold Miner Corp. and Laurion Mineral Exploration Inc., Canada Nickel can earn a 100% interest in the property. “These outstanding Midlothian results, with all holes showing good nickel grades across long mineralized intervals of multi-hundred metres that start less than ten metres from surface, confirm Midlothian as a significant discovery,” said Mark Selby, CEO of Canada Nickel. “Midlothian is one of our ten properties with a target geophysical footprint larger than Crawford, and these latest results further confirm the success of our geophysical targeting approach. As well, these latest samples with high brucite content also demonstrate the potential for substantial carbon storage at Midlothian utilizing the In-Process Tailings (‘IPT’) Carbonation process the company is developing.”
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About Canada Nickel Company Inc.
Canada Nickel is advancing the next generation of nickel- sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM) and is pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.CanadaNickel.com.
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