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Canadian North Resources Undertakes Updating NI43-101 Mineral Resources Report for the Ferguson Lake Nickel, Copper, Cobalt, Palladium and Platinum Project
Highlights: Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the completion of an updated Mineral Resources esti
About this update from Canadian North Resources, Inc.
[{"type":"text","content":" Highlights: Adding results of 39,270 meters in 145 holes of new diamond drilling to the project database for the completion of an updated Mineral Resources estimation. New Mineral Resource model to include both mineralization types and significant extensions of mineralized zones defined by the Company drilling to September 2023. SRK Consulting (Canada) Inc. and Ronacher McKenzie Geosciences Inc. have been engaged for an independent technical review of the project, an update of the 2022 resource estimate and preparation of the new NI 43-101 Mineral Resource Report. TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company’; TSXV:CNRI; OTCQX:CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce it has commissioned a new Mineral Resource estimation in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) for its Ferguson Lake nickel, copper, cobalt, palladium and platinum project (“Ferguson Lake Project”) in Nunavut, Canada. The new Mineral Resource estimation will incorporate the results of 39,270 metres of new diamond drilling in 145 holes completed by the Company, which has significantly expanded the mineralized zones at the Ferguson Lake Project. The results will be added to the mineral deposit database applied for the previous released Mineral Resource estimate (Refer to “Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada, Prepared by Ronacher McKenzie Geosciences Inc. and Francis Minerals Ltd” filed by the Company to SEDAR.com on July 13, 2022). “The update resource modelling will include significant extensions of the mineralized zones as defined by the new 145 drill holes,” said Kaihui Yang, President and CEO of the Company, “We expect the results of the remodeling will continue to demonstrate the Ferguson Lake Project has tremendous potential for containing a significant nickel, copper, cobalt, palladium and platinum mineral deposit in North America.” The Company has engaged with the independent geological and mining consultants, SRK Consulting (Canada) Inc. (“SRK”) and Ronacher McKenzie Geosciences Inc. (“Ronacher McKenzie”), to independently re-evaluate and re-model the Ferguson Lake Project with the addition of the Company’s new exploration data and at updated metal prices and economic conditi...