North American Nickel Acquiring Additional Ground at the Maniitsoq Ni-Cu-Co & PGE Sulphide Project, Southwest Greenland
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 15, 2013) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) (the "Company") is pleased to announce that it has been notified by the Greenland Bureau of Minerals and Petroleum that its application to expand mineral exploration licence 2012/28 by 123 square kilometers has been accepted. The text of the new licence agreement is expected from the Greenland Government shortly. The expansion will bring the total area covered by the project to 5,106 square kilometers.
Licence 2012/28 is one of two contiguous licences that comprise the Maniitsoq project and the expansion consists of the six separate blocks outlined in red on the 2013 exploration map available on our website www.northamericannickel.com. The blocks are contiguous with the Company's current land holdings and they fill gaps in the project area that, until recently, belonged to an exploration company focused on diamond exploration. Many of the blocks contain exposures of norite, the rock type most commonly associated with nickel and copper sulphide mineralization at Maniitsoq. Many of the blocks also contain outcrops of kimberlite dykes.
NAN CEO, Rick Mark, states: "With the acquisition of this new ground, North American Nickel now controls over 90% of the highly prospective Greenland Norite Belt. The Company currently has field crews and a diamond drill rig operating on the project and is drill testing targets throughout the norite belt."
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 and President, North American Nickel Inc.
About North American Nickel
North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 27.5% of NAN.
The Maniitsoq property in Greenland is a Camp scale project comprising 4,983 square km's covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.
The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.
The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. 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.
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.
