MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Reports on Nickel Recoveries, Acquisition Completion
Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) is reporting on robust nickel recovers from the initial metallurgical test conducted on a sample from the Reid property. Based on the report, the test at Reid delivered the highest-grade nickel sulphide concentrate achieved by Canada Nickel thus far; results also indicated an overall nickel recovery of 63% with half of recovered nickel reporting to nickel sulphide concentrate grading 60%. According to the announcement, the test used the same mineral processing flowsheet designed for the company’s flagship Crawford Nickel Sulphide project, which is located about 15 kilometers from the Reid project. Canada Nickel also announce that it closed on the acquisition of a 100% interest in the Texmont property, which includes 14 mining leases; the property is situated between CNIKF’s Deloro and Sothman properties south of Timmins, Ontario. “We are very pleased by this first test at Reid, which achieved an overall nickel recovery of 63% and achieved expected or better than expected nickel, iron, and chromium concentrate grades,” said Canada Nickel chair and CEO Mark Selby in the press release. “While it is early days at Reid, these results, achieved using the standard flowsheet developed for Crawford, demonstrate the potential to leverage our development work at Crawford, across the portfolio of targets throughout our entire Timmins Nickel District. I am also very pleased to announce that we have closed the acquisition of the Texmont property, where our recently announced drill results support the potential for near-term, smaller scale, open pit production.”
To view the full release, visit https://ibn.fm/mGaPO
About Canada Nickel Company
Canada Nickel is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high-growth electric vehicle and stainless-steel markets. Canada Nickel has applied in multiple jurisdictions to trademark the terms NetZero Nickel(TM), NetZero Cobalt(TM) and NetZero Iron(TM), and is also pursuing the development of processes to allow the production of net-zero carbon nickel, cobalt and iron products. The company provides investors with leverage to nickel in low political-risk jurisdictions. Canada Nickel is currently anchored by its wholly owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information about the company, visit www.CanadaNickel.com.
NOTE TO INVESTORS: The latest news and updates relating to CNIKF are available in the company’s newsroom at https://ibn.fm/CNIKF
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