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Canada Nickel Demonstrates Robust Nickel Recoveries at the Reid Ultramafic Nickel Project, Announces Closing of Texmont Acquisition
Canada Nickel Demonstrates Robust Nickel Recoveries at the Reid Ultramafic Nickel Project, Announ...
About this update from Canada Nickel Company Inc
[{"type":"text","content":"\n \n \n \n Canada Nickel Demonstrates Robust Nickel Recoveries at the Reid Ultramafic Nickel Project, Announces Closing of Texmont Acquisition\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n First metallurgical test at Reid delivers highest grade nickel sulphide concentrate yet achieved by Canada Nickel\n \n \n \n \n Overall nickel recovery of 63% with half of recovered nickel reporting to nickel sulphide concentrate grading 60%\n \n \n \n \n Results achieved utilizing existing flowsheet design developed for the Company's Crawford Nickel Sulphide project\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 15, 2023\n \n \n /CNW/ - Canada Nickel Company Inc. (\"Canada Nickel\" or the \"Company\") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce robust nickel recoveries from the first metallurgical test on a sample from the Reid property.\n \n \n The test utilized the same mineral processing flowsheet designed for the Company's flagship Crawford Nickel Sulphide project.  The Company's Reid project is situated 16 kilometres southwest of Crawford.\n \n \n \n Mark Selby\n \n , Chair and CEO said, \"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.  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.\"\n \n \n \n Description of Results\n \n \n \n This initial open circuit test was completed by the Company's third party lab partners on a sample from the higher grade area at the Reid property.  The sample had a head grade of 0.35% nickel...