More exciting news from North American Nickel as quite a few (100!) exploration targets have been found for the 2014 drilling season.
2013-12-02 06:45 ET – News Release
Also News Release (C-VMS) VMS Ventures Inc
Mr. Mark Fedikow of North American Nickel reports
NORTH AMERICAN NICKEL INC.: 100 NEW EXPLORATION TARGETS IDENTIFIED AT MANIITSOQ
North American Nickel Inc. and VMS Ventures Inc. have received preliminary results from this year’s VTEM Plus helicopter borne geophysical survey completed at North American Nickel’s 100-per-cent-owned Maniitsoq nickel-copper-cobalt-PGM project in southwest Greenland.
A total of 917.3 line kilometres were flown in nine survey blocks resulting in a total of 389 electromagnetic responses being detected. A preliminary review of the survey results by the company has identified 100 new conductor zones. These target zones will be field checked in 2014 and targets with higher nickel sulphide potential will be added to the growing drill target list at Maniitsoq.
The purpose of the 2013 VTEM Plus survey was threefold:
- To obtain EM and magnetic coverage over areas which contain norite and other mafic-ultramafic intrusions that might be associated with economic nickel sulphide mineralization. All these new EM targets are outside the Greenland norite belt, which has been the focus of the company’s exploration work for the past three years;
- To obtain deeper EM penetration over prospective areas that were surveyed in 2011 with SkyTEM (the new VTEM Plus system has four times the dipole moment of the 2011 SkyTEM system);
- To detail other conductors of interest detected by previous VTEM and SkyTEM surveys.
North American Nickel chief executive officer, Rick Mark, states: “The market has been focused on the Imiak Hill conduit complex the past three months and rightly so, as the high-grade drill results around Imiak have been outstanding. Today, we want to remind investors that our 100-per-cent-owned Maniitsoq property, which is larger than the Sudbury basin, has the potential to host the world’s next sulphide nickel-copper-cobalt camp. These preliminary airborne results bolster that belief and provide us with a new array of targets to analyze and prepare for in 2014.”