North American Nickel Inc.
TSX VENTURE : NAN
OTCBB : WSCRF

North American Nickel Inc.

August 05, 2014 09:20 ET

Second Drill Rig Added at Maniitsoq to Test Regional Exploration Targets in the Greenland Norite Belt: Focused Structural Mapping at the Imiak Hill Conduit Complex Initiated

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 5, 2014) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) (the "Company") is pleased to announce the commencement of regional exploration drilling of mineralized norite targets and a focused mapping program at their 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland.

Drilling continues at the Imiak Hill Conduit Complex (IHCC) with one drill rig and a second drill rig is now testing regional exploration targets. A total of 3,000 m of exploration drilling is planned to test approximately fifteen widely spaced targets located throughout the Maniitsoq property. The targets have been identified from compilation and analysis of the Company's airborne, surface and borehole electromagnetic surveys as well as historical geological data and include the Pingo target area located 25 kilometers northwest of IHCC and the Fossilik target area located 8 kilometers southwest of IHCC. Anomalous nickel sulphide mineralization is known to occur at both Pingo and Fossilik from surface sampling carried out by the Company as well as from historic exploration results. Drill testing of regional targets is a key element in the Company's efforts to identify and prioritize prospective sulphide-bearing noritic intrusions for more detailed exploration.

Concurrent with the drilling, a mapping program is being carried out over the IHCC and Fossilik areas by John Fedorowich of JFSG Consulting (Sudbury). Dr. Fedorowich has over 20 years of experience carrying out structural analysis and mapping on a wide range of international sulphide deposits. Detailed outcrop and structural mapping will be completed to further define the geometry, distribution and geological setting of the known sulphide mineralization and to understand the structural controls. Results of this work will be integrated with the on-going collection and modeling of geological, geophysical and drilling data in the IHCC and Fossilik areas.

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company, President and Interim CEO, North American Nickel Inc.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Sudbury, Ontario.

The Maniitsoq property in Greenland is a Camp scale project comprising 3,601 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Fedikow

President & Interim CEO

North American Nickel Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • North American Nickel Inc.
    Evan Sleeman
    604-986-2020 or Toll free: 1-866-816-0118