NEW DISCOVERY OF HIGH GRADE NICKEL COPPER COBAL
Post# of 22
NEW DISCOVERY OF HIGH GRADE NICKEL COPPER COBALT PGM SULPHIDE MINERALIZATION AT THE MANIITSOQ PROJECT IN GREENLAND
123.94 Meters of Near Surface
Sulphide Mineralization Intercepted
Vancouver, B.C. – December 3, 2012. North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) North American Nickel ("NAN") is pleased to announce the discovery of significant values for nickel, copper, cobalt and, for the first time, the precious metals platinum, palladium and gold on its 100% owned 4,983 km2 Maniitsoq project in southwest Greenland (see Figure 1 for location).
This new discovery at Spotty Hill, starting approximately 50 meters below surface, was made in diamond drill hole MQ-12-005 which was designed to test a vertical to very steeply northeast-dipping, pipe-like electromagnetic (EM) conductor, defined by the 2012 VTEM-Plus survey. Spotty Hill is a historical, near surface anomaly previously tested by shallow north and south drilling.
Highlights from Spotty Hill discovery hole MQ-12-005:
· 123.94 meters (m) grading: 0.81% Nickel (Ni), 0.21% Copper (Cu), 0.03% Cobalt (Co) & 0.26 g/t Platinum (Pt) + Palladium (Pd) + Gold (Au)
· Including: 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co & 0.52 g/t Pt+Pd+Au.
· Including: 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, & 0.60 g/t Pt+Pd+Au.
· The mineralization is primarily hosted by disseminated sulphide with zones of near massive sulphide.
· The mineralization has high Ni tenor averaging 9.0% Ni recalculated to 100% sulphide and is likely to produce clean concentrate.
Rick Mark, CEO states: “The discovery of high grades of Ni, Cu, Co and PGM/Au in long drill intersections confirms a previously unrecognized style of mineralization at Maniitsoq. This bodes well for future discovery potential on this district sized property. With PGMs added to our high grade Ni mineralization mix at Spotty Hill, in addition to the previously announced high grade Ni/Cu at Imiak Hill, we can safely say that, our re-interpretation of historical results and the use of modern geophysical techniques, confirm the property’s potential to host significant Ni-Cu-Co PGM deposits”.
2012 SPOTTY HILL ASSAY RESULTS
Significant intersections are summarized in Table 1.
Table 1: Significant 2012 Intersections at Spotty Hill.
Hole Number | From (m) | To (m) | Length (m) | Ni (%) | Cu (%) | Co (%) | Pt (g/t) | Pd (g/t) | Au (g/t) | S (%) |
MQ-12-005 | 41.36 | 165.30 | 123.94 | 0.81 | 0.21 | 0.029 | 0.12 | 0.11 | 0.03 | 2.91 |
Incl. | 117.80 | 142.00 | 24.20 | 1.75 | 0.34 | 0.057 | 0.22 | 0.25 | 0.05 | 6.30 |
Incl. | 117.80 | 126.00 | 8.20 | 2.39 | 0.21 | 0.069 | 0.28 | 0.30 | 0.02 | 7.44 |
|
|
|
|
|
|
|
|
|
|
|
MQ-12-009 | 8.00 | 127.00 | 119.00 | 0.17
(0)
(0)
Top 10 Most Recent Blog PostsSafe & Green Holdings Corp. (SGBX): A Comprehensive AnalysisCategory: Stocks Total Views: 72By : Editor Updated: 05-03-2024 Introduction
Safe & Green Holdings Corp. (NASDAQ: SGBX), previously recognized as SG Blocks Inc., has distinguished itself within the modular construction sector. This innovative company specializes in transforming cargo shipping containers into versatile building materials, a process that not only promotes sustainability but also offers a unique approach to construction. By repurposing these containers, Safe & Green Holdings Corp. addresses the growing market demand for eco-friendly ... Read More
Beneficient (BENF): A Comprehensive Analysis Amidst a Stock SurgeCategory: Stocks Total Views: 125By : Editor Updated: 05-03-2024 Introduction
Beneficient (BENF) is a Dallas-based financial service company that specializes in providing liquidity solutions and related services for the alternative asset industry. The company has recently made headlines with a significant surge in its stock price. Let's delve into the details of this company and attempt to unravel the factors behind this stock movement.
Company Profile
Symbol: BENF
Exchange: NASDAQ
Sector: Financial Services
Industry: Asset Management
... Read More
Wall Street Win: Surprise Surge Despite Economy - May 3, 2024Category: Markets Total Views: 85By : Editor Updated: 05-03-2024 Introduction
Ah, another day on Wall Street, another dollar—or millions of them, depending on which side of the trades you found yourself on today, May 3, 2024. As the sun set on the bustling streets of the financial district, it's time to delve deeper into the intricate world of stock exchanges and financial maneuvers. Let's meticulously analyze the market's performance today, exploring the highs and lows, the winners and losers, and what it all means for investors and the ... Read More
Understanding the Economic Factors Impacting Gas PricesCategory: Economy Total Views: 125By : Editor Updated: 05-03-2024 Introduction
The price of gasoline is a pervasive topic that touches the lives of nearly everyone in some way. From daily commuters who rely on their vehicles to get to work or school, to major global industries whose operations and logistics depend heavily on fuel costs, the impact of gas price fluctuations can be profound and wide-reaching. Understanding what drives these changes in gas prices is not just a matter of curiosity but a necessity for many. It requires a deep dive into the econo... Read More
This Week's Stock Market Standouts: Top Performing SectorsCategory: Markets Total Views: 89By : Editor Updated: 05-03-2024 As investors navigate the ever-shifting landscape of the stock market, certain sectors have emerged as this week's clear winners. With a mix of economic data releases, corporate earnings reports, and geopolitical events influencing market movements, it's essential to stay informed about which sectors are outperforming the rest. Here's a look at the top-performing stock market sectors this week and the factors driving their success.
Technology Sector: A Digital Surge
The technol... Read More
Top 25 Most Active Stocks by Percentage Gains for May 3, 2024Category: Stocks Total Views: 91By : Editor Updated: 05-03-2024 The stock market is an ever-evolving beast, with daily fluctuations that can make or break fortunes. For the savvy investor, keeping an eye on the most active stocks by percentage gains is crucial. Today, we're diving into the top 25 most active stocks by percentage gains for May 3, 2024, complete with stock prices and percentage gains, along with company profiles where available.
Typically, stocks that show significant activity in terms of volume and price changes can signal underlying c... Read More
The Current Real Estate Market: In-depth Analysis and Interest Rate ComparisonCategory: Real Estate Total Views: 128By : Editor Updated: 05-03-2024 The real estate market is a dynamic entity, constantly influenced by economic trends, interest rates, and consumer behavior. As we delve into the current state of the market, it's crucial to understand the factors at play and how they compare to the last five years. This analysis will provide a detailed overview of the current real estate landscape, focusing on mortgage rates, market conditions, and the implications for buyers and sellers.
Interest Rates: A Five-Year Retrospective
Inte... Read More
Unveiling the Seasonal Secrets of the Stock Market: A Guide for InvestorsCategory: Markets Total Views: 134By : Editor Updated: 05-03-2024 In the sprawling, fast-paced world of investing, understanding the rhythm of the stock market can be a game-changer for investors aiming to maximize their returns. Just as nature goes through seasons, so does the stock market exhibit its own seasonal trends that can influence investment decisions. This post peels back the layers of historical stock market performance across different times of the year, shining a light on the patterns that could help you, whether you’re a seasoned investor,... Read More
Entrepreneurship and the MBA: Preparing to Launch Your Own BusinessCategory: Stocks Total Views: 167By : Editor Updated: 05-03-2024 In a nurturing environment of entrepreneurship and a business degree, one learns not just from professors but also from peers who bring a wealth of experiences and perspectives. It's a place where the spirit of entrepreneurship thrives, supported by an ecosystem that encourages innovation and experimentation.
This vibrant community is also where you can encounter a reliable custom essay writing service, who shares insights into the art of effectively communicating complex ideas. In simila... Read More
Debunking Credit Myths: Why Every Student Needs a Credit CardCategory: Personal Finance Total Views: 152By : Editor Updated: 05-03-2024 Credit cards have been around for a while and still cause a lot of controversies. While some find them a real saving grace, others believe that they are pure evil that causes you to go into debt. But who’s right?
Answering this question often becomes a real challenge for young people. When you arrive at college, you might not have any experience with banks yet. So, it’s natural to doubt whether you need to get a credit card or not.
Being a cardholder is definitely a huge respon... Read More
|