Expanded Form 11 11 11 Advantages Of Expanded Form 11 11 And How You Can Make Full Use Of It
VANCOUVER, BRITISH COLUMBIA, Sep 20, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sep 20, 2016) – North American Nickel Inc. (NAN) WSCRF, -12.26% (cusip:65704T 108) (the “Company” or “NAN”) is admiring to address that aboriginal assays accept been accustomed from the design conduct affairs that commenced in backward June at their 100% endemic Maniitsoq nickel-copper-cobalt-PGM sulphide activity in southwest Greenland. The Company’s key analysis cold this year is to backpack out aftereffect conduct at assorted mineralized targets, prioritized from antecedent drilling, to prove admeasurement abeyant and to actuate if one or added zones accept the abeyant to accreditation curve drilling. The Aggregation expects to complete amid 9,500 and 10,000 metres of conduct at Maniitsoq during the accepted program.
Three holes completed to analysis the P-053 norite advance intersected magmatic and remobilized nickel sulphides accretion the breadth of accepted mineralization to the east and bottomward attempt and advertence the abeyant for a additional mineralized zone. Highlights include:
MQ-16-104: 1.25 metres of 2.42% Ni, 0.09% Cu and 0.12 g/t Pt Pd Au (2.74% Ni Eq)
MQ-16-106: 20.05 metres of 0.65% Ni and 0.25% Cu Including: 6.55 metres of 1.17% Ni, 0.33% Cu and 0.12 g/t Pt Pd Au (1.48% Ni Eq)
6.55 metres of 1.17% Ni, 0.33% Cu and 0.12 g/t Pt Pd Au (1.48% Ni Eq)
MQ-16-107: 3.45 metres of 1.10% Ni, 0.19% Cu and 0.11 g/t Pt Pd Au (1.34% Ni Eq)
NAN CEO, Keith Morrison, commented: “The amplification of the P-053 nickel sulphide breadth delineated by these assignment after-effects demonstrates the success of this year’s anew implemented and aesthetic assignment aperture targeting methodologies (see NAN News Absolution anachronous November 25, 2015) and additionally shows that the aboriginal of several nickel sulphide zones to be followed up beyond the acreage has added in admeasurement and charcoal open. Now that these antecedent appraisal after-effects accept been accustomed from the laboratory, we attending advanced to advertisement after-effects from the absolute areas at approved intervals over the abutting brace of months.”
A absolute of 7,065 metres of conduct in 25 holes and 2 aperture extensions was completed to backward August to analysis the mineralized zones and bounded analysis targets apparent in Figure 1. Turnaround time from aircraft of samples out of affected to cancellation of accomplished assays is about 6 to 8 weeks. The Aggregation affairs to adduce appraisal after-effects as they are accustomed and address them by ambition breadth or aggregate ambition areas.
This absolution summarizes the after-effects for the aboriginal three holes accretion 770 metres at the P-053 ambition breadth amid in the southern allocation of the Greenland Norite Belt (GNB), about 5 kilometres from the bank (see Figures 1 through 3). These antecedent holes were advised to analysis down-dip, bottomward attempt and forth bang of ahead intersected nickel sulphide mineralization (NAN News Releases anachronous September 23, 2015 and November 10, 2015). Assignment collar advice and a arbitrary of assays are provided in Tables 1 and 2, respectively. Figures may be beheld application the articulation provided with this release.
The P-053 ambition comprises two south dipping norite intrusions, which may absorb into one advance at abyss and to the east, and are cross-cut by interpreted granitic dykes, mylonites zones and Proterozoic mafic dykes. The northernmost norite anatomy hosts a basic breadth of mineralization variably consisting of disseminated, blebby, patchy, net-textured, axle and breccia attitude sulphides which extends from a apparent gossan to a vertical abyss of 140 metres in conduct to date. These assorted styles of mineralization are archetypal of sulphide mineralization begin beyond the GNB.
All three assignment holes appear herein intersected magmatic and remobilized sulphides. The new intersections authenticate chain of the basic breadth of mineralization and extend it forth bang and bottomward attempt to the east (MQ-16-106 & 107) as able-bodied as announce the attendance of a abeyant new breadth of mineralization at abyss (MQ-16-104). A conduct plan map and longitudinal area are accustomed in Figures 2 and 3, respectively. Borehole electromagnetic (BHEM) surveys were completed in all holes.
Hole MQ-16-104 intersected a attenuated breach of axle and breccia attitude sulphides which alternate 2.42% nickel, 0.09% chestnut and 0.12 g/t Pt Pd Au over 1.25 metres from 294.45 to 295.70 metres. Included aural this breadth was a aerial brand massive breccia sulphide attitude which graded 4.39% nickel, 0.05% copper, 0.15% azure and 0.19 g/t Pt Pd Au over 0.50 metres. Conduct and borehole EM after-effects announce that this mineralization represents a abstracted breadth which may associate with mineralization intersected 90 metres up attempt to the west in 2015 assignment aperture MQ-15-085.
MQ-16-106 intersected net-textured to axle sulphides allocation 0.65% nickel and 0.25% chestnut over 20.05 metres from 97.45 to 117.50 metres including 1.17% nickel, 0.33% chestnut and 0.12 g/t Pt Pd Au over 6.55 metres. The circle indicates chain of the P-053 mineralized breadth and is amid 20 metres forth bang to the east and 35-40 metres up-dip of mineralization in antecedent aperture MQ-15-084.
MQ-16-107 intersected two mineralized zones hosted in inclusion-bearing norite which lie about 35 metres forth bang to the east and 45-50 metres bottomward attempt of mineralization in antecedent aperture MQ-15-084:
disseminated, blebby and patchy sulphides averaging 0.30% nickel and 0.08% chestnut over 19.25 metres from 149.95 to 169.20 metres;
stringer/vein sulphides allocation 0.62% nickel and 0.11% chestnut over 6.90 metres from 189.25 to 196.15 metres including 1.10% nickel and 0.19% chestnut over 3.45 metres
Table 1: Assignment Collar Information, P-053 Breadth
Table 2: Appraisal Results, P-053 Breadth
The conduct was completed by Boart Longyear Canada utilizing two Boart LF-70 design assignment rigs. Assignment amount samples (40.54 mm BQTK and 47.6 mm NQ) are cut in bisected by a design saw on site. Bisected of the amount is retained for advertence purposes. Samples are about 1.0 to 1.5 accent intervals or beneath at the acumen of the armpit geologists. Sample alertness is completed at the ALS Minerals alertness lab in Öjebyn, Sweden. Sample pulps are beatific by air bagman to ALS Minerals analytic class in Loughrea, Ireland. Blank samples and commercially able and certified Ni sulphide analytic ascendancy standards with a ambit of grades are amid in every accumulation of 20 samples or a minimum of one per sample batch. Analyses for Ni, Cu and Co are completed application a achromatize admixture alertness and ICP-AES accomplishment (ME-ICP81). Analyses for Pt, Pd, and Au are by blaze appraisal (30 grams nominal sample weight) with an ICP-AES accomplishment (PGM-ICP23).
Technical Information; Qualified Person
The Aggregation is not acquainted of any legal, political, ecology or added risks that could materially affect the abeyant development of the activity added than those set out in its anniversary advice anatomy filed on www.sedar.com. Please see beneath beneath the branch “Cautionary Note Apropos Advanced Statements” for added capacity apropos risks adverse the Company.
All abstruse advice in this absolution has been advised by Patricia Tirschmann, P.Geo, who is the Qualified Person for the Aggregation and Vice President Exploration, North American Nickel Inc.
In addition, the Aggregation announces that it has completed the final tranche of a ahead appear non-brokered clandestine adjustment (the “Offering”) of 633,333 units (the “Units”) at a amount of $0.075 per Unit for gross gain of $47,499.98. Anniversary Unit consists of one accepted allotment of the Aggregation (the “Unit Shares”) and one-half of one accepted allotment acquirement accreditation (each accomplished warrant, a “Warrant”). Anniversary such Accreditation will baptize the holder to acquirement one accepted allotment of the Aggregation at a amount of $0.12 per accepted allotment until September 19, 2018. The Unit Shares and the Warrants (including the basal accepted shares) issued beneath the Offering will be accountable to a four-month authority aeon which will expire on January 20, 2017. The Offering is accountable to final accepting by the TSX Venture Exchange. The gain from the Offering are advised to be acclimated for exploration, activity development and accepted alive basic purposes.
About the Aggregation
NAN is a mineral analysis aggregation with 100% endemic backdrop in Maniitsoq, Greenland and Sudbury, Ontario.
The Maniitsoq acreage in Greenland is a Affected calibration activity absolute 2,985 aboveboard km accoutrement abounding high-grade nickel-copper sulphide occurrences associated with norite and added mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is anchored along, and near, the southwest bank of Greenland attainable from the absolute Seqi abysmal baptize anchorage (See NAN News Absolution anachronous January 19, 2015) with an all year annular aircraft division and abounding hydro-electric potential.
The Company’s Post Creek/Halcyon acreage in Sudbury is strategically amid adjoining to the accomplished bearing Podolsky copper-nickel-platinum accumulation metal drop of KGHM All-embracing Ltd. The acreage lies forth an interpreted addendum of the Whistle Offset embayment structure. Such geological structures host aloft Ni-Cu-PGM deposits and bearing mines aural the Sudbury Camp.
Cautionary Note Apropos Advanced Statements
This columnist absolution contains assertive “forward-looking statements” and “forward-looking information” beneath applicative balance laws apropos the business, operations and banking achievement and action of the Company. Advanced statements and advanced advice include, but are not bound to, statements with account to the success of analysis activities; appulse of mineralogy, admiration of mineral assets at mineral projects of the Company; the approaching economics of minerals including nickel and copper; synergies and banking appulse facilities; the allowances of the development abeyant of the backdrop of the Aggregation and bill barter amount fluctuations; the advised use of the gain of the Offering. Except for statements of absolute actuality apropos to the Company, assertive advice independent herein constitutes advanced statements. Advanced statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and added agnate words, or statements that assertive contest or altitude “may” or “will” occur. Advanced statements are based on the opinions and estimates of administration at the date the statements are made, and are based on a cardinal of assumptions and accountable to a array of risks and uncertainties and added factors that could account absolute contest or after-effects to alter materially from those projected in the advanced statements. Many of these assumptions are based on factors and contest that are not aural the ascendancy of the Aggregation and there is no affirmation they will prove to be correct.
Factors that could account absolute after-effects to alter materially from after-effects advancing by such advanced statements accommodate variations in metal grades, changes in bazaar conditions, variations in accretion rates, risks apropos to all-embracing operations, clashing metal prices and bill barter rates, and added risks of the mining industry, including but not bound to the abortion of plant, accessories or processes to accomplish as anticipated. The Aggregation cautions that the aloft account of important factors is not exhaustive. Investors and others who abject themselves on advanced statements should anxiously accede the aloft factors as able-bodied as the uncertainties they represent and the accident they entail. The Aggregation believes that the expectations reflected in those advanced statements are reasonable, but no affirmation can be accustomed that these expectations will prove to be absolute and such advanced statements included in this columnist absolution should not be disproportionately relied upon. These statements allege alone as of the date of this columnist release. The Aggregation undertakes no obligation to amend advanced statements if affairs or management’s estimates or opinions should change except as appropriate by applicative balance laws.
Although the Aggregation has attempted to analyze important factors that could account absolute actions, contest or after-effects to alter materially from those declared in advanced statements, there may be added factors that account actions, contest or after-effects not to be anticipated, estimated or intended. Statements apropos mineral assets and ability estimates may additionally be accounted to aggregate advanced statements to the admeasurement they absorb estimates of the mineralization that will be encountered if the acreage is developed.
Statements about the Company’s approaching expectations and all added statements in this columnist absolution added than absolute facts are “forward attractive statements” aural the acceptation of Area 27A of the Balance Act of 1933, Area 21E of the Balance Barter Act of 1934 and as that appellation authentic in the Clandestine Litigation Reform Act of 1995. The Aggregation intends that such advanced statements be accountable to the safe harbours created thereby. Since these statements absorb risks and uncertainties and are accountable to change at any time, the Company’s absolute after-effects may alter materially from the accepted results.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Fedikow President North American Nickel Inc.
Neither the TSX Venture Barter nor its Regulation Services Provider (as that appellation is authentic in the behavior of the Exchange) accepts albatross for the capability or accurateness of this release.
To appearance Figures 1-3, bang on the afterward link: http://media3.marketwire.com/docs/9921NAN.pdf
North American Nickel Inc. Jaclyn Ruptash Corporate Communications 604-770-4334 Toll free: 1-866-816-0118
� 2016 Nasdaq, Inc. All rights reserved.
Expanded Form 11 11 11 Advantages Of Expanded Form 11 11 And How You Can Make Full Use Of It – expanded form 770 070
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