Dr. Tony Naldrett, Internationally Acclaimed Expert on Magmatic Sulphide Deposits, Joins North American Nickel's Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 30, 2013) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) is pleased to announce that Dr. Tony Naldrett, Emeritus Professor at the University of Toronto, has joined the Company's Advisory Board. Dr. Naldrett is an internationally recognized and acclaimed expert on magmatic (nickel, copper and platinum-group element) sulphide mineralization.
Over a career spanning more than forty years, Dr. Naldrett's research has focused on magmatic sulphide deposits, the magmas from which they have formed, the origin of these magmas in the mantle, the chemistry controlling the segregation of sulphides from the magma, and the subsequent separation of minerals from the cooling sulphides that are important in the beneficiation of the ores.
Recently, Dr. Naldrett was the featured speaker for NAN's Greenland and Copenhagen lecture series on nickel sulphide deposits, with a focus on Greenland where NAN is exploring its 5100 square kilometer 100% owned Maniitsoq property in south west Greenland. While in Greenland, he was able to inspect Maniitsoq project drill core, which is stored in Nuuk.
Rick Mark, CEO of North American Nickel states: "We are honored that Dr. Naldrett has agreed to join the Company's Advisory Board and become part of a growing team providing guidance to the immediate and long term development of our Maniitsoq nickel-copper-cobalt-PGM sulphide project. Literally, he has been on the ground of all the significant nickel sulphide deposits in the world. His understanding of these very complex systems is unparalled and he will be a great help to the Company's technical team, as they explore and develop what we believe can be the world's next nickel sulphide camp."
Dr. Naldrett's work has always had a firm foundation in actual deposits. It has led him and his research teams to visit and investigate some of the world's classic nickel-copper-platinum group metal deposits in many parts of the world including, in addition to Canada and the US, Russia, China, Australia, South Africa, Botswana, Zimbabwe, Norway, Finland, Italy and Brazil. He has supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows during his career.
This remarkable on ground experience has resulted in his authoring, or co-authoring, over 240 refereed papers and 8 books. He has also served as President of the Mineralogical Association of Canada, the Society of Economic Geologists, the International Mineralogical Association and the Geological Society of America and as Chairman of UNESCO's International Geological Cooperation Programme.
North American Nickel would also like to announce that it has granted incentive stock options to certain consultants and/or employees of the Company to purchase up 200,000 common shares in the capital of the Company pursuant to the Company's stock option plan. The options are exercisable, on or before September 30, 2018, at an exercise price of $0.37 per share.
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 5,106 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Neil Richardson, COO, 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.
