Canada Nickel Co. Inc. concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional target properties within a radius of 95 kilometers (km) of the company’s flagship Crawford nickel-sulphide project, consolidating Canada Nickel’s position in the Timmins area. Each of the additional properties contains one or more ultramafic targets based on combinations of historical geophysical work and drilling over the past 65 years.
“The acquisition of these highly prospective target properties represents a transformational milestone for Canada Nickel, on par with the initial discovery of our flagship property, Crawford,” Chair and CEO Mark Selby said. “The consolidation of these properties underscores our strong belief in the district-scale potential of the Timmins region and in our journey to become a leader of the next generation of nickel supply — large, scalable, low carbon nickel supply.”
These properties have combined target structures 40 times the scale of the structure, which hosts the current Crawford Main Zone resource, and like Crawford, all these target structures are near excellent infrastructure, Selby added. “Each target has had some amount of historical work, and in some cases, much more than Crawford did initially, confirming these targets contain the same serpentinized dunite and/or peridotite that hosts Crawford mineralization and, as our last release reported, has the potential to permanently sequester CO2.”
