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NiCAN Confirms Historical Results at the Wine Project 20.36 Meters of 2.09% Nickel Equivalent
NiCAN Confirms Historical Results at the Wine Project 20.36 Meters of 2.09% Nickel Equiva...
About this update from Nican Ltd.
[{"type":"text","content":"\n \n \n \n NiCAN Confirms Historical Results at the Wine Project 20.36 Meters of 2.09% Nickel Equivalent\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 TORONTO\n \n \n ,\n \n \n Aug. 23, 2022\n \n \n /CNW/ -\n \n NiCAN Limited\n \n (\"NiCAN\" or the \"Company\") (TSXV: NICN) has received assay results from historical core drilled at the Wine project in 2007, which confirm the high-grade historical assays. The resampling work is part of the exploration program completed in the first half of 2022, which included 17 confirmation and reconnaissance diamond drill holes. The 56.8km\n \n 2\n \n Wine property is located west of\n \n Snow Lake\n \n in\n \n Manitoba\n \n (see Figure 3). NiCAN is a recently listed nickel exploration company actively exploring nickel projects on known mineral belts in\n \n Manitoba, Canada\n \n , trading under the symbol \"NICN\" on the TSX Venture Exchange (\"TSX-V\").\n \n \n \n Highlights:\n \n \n \n \n \n Resampling of sections of drill hole RAD07-01 supported the historical assay results of 20.36 metres of 1.38% Ni, 2.14% Cu, 0.4g/t Au, and 0.06% Co or 2.09% Ni equivalent (\"NiEq\"). This compares to the 2.06% NiEq previously reported in 2007\n \n .\n \n (Note: True width is estimated at 16 metres and NiEq was calculated using copper and nickel values only.)\n \n \n \n \n \n Brad Humphrey\n \n , President, and CEO of NiCAN stated, \"We were excited to retrieve the previously drilled RAD07-01 drill core, as it allowed us to resample and confirm the spectacular assays reported in 2007. NiCAN eagerly awaits new assay and survey results from the initial 2022 exploration program expected in the coming weeks. NiCAN is in a strong position with a solid balance sheet and highly prospective Ni-Cu assets in stable jurisdictions.\"\n \n \n \n 2022 Exploration Program\n \n \n \n The initial 2022 Exploration program included an airborne geophysical survey, partial resampling of a historical drill hole, downhole geophysical (electro-magnetic) surveys and 17 diamond drill holes for 1,600 meters testing an area...