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NiCAN Intersects 1.54% Nickel over 1.45 Meters on the Pipy South Project, Thompson Manitoba
NiCAN Intersects 1.54% Nickel over 1.45 Meters on the Pipy South Project, Thompson Manitoba ...
About this update from Nican Ltd.
[{"type":"text","content":"\n\n\nNiCAN Intersects 1.54% Nickel over 1.45 Meters on the Pipy South Project, Thompson Manitoba\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\nCanada NewsWire\n\n\nTORONTO, Feb. 17, 2026 /CNW/ - NiCAN Limited (\"NiCAN\" or the \"Company\") (TSX-V: NICN) (OTCQB: NILTF) (FRA: W8Y) has confirmed high-grade nickel bearing massive sulphides in the prospective Pipe Formation which underlays the Pipy South Property, intersecting 1.54% nickel, 0.17% copper and 0.064% Co over 1.45 meters (m) at 60m below surface in its Phase I reconnaissance drilling program. The Pipe Formation hosts all of the economic nickel mineralization within the Thompson Nickel Belt. The Pipy South Nickel Project is located 20km to the north of Vale's Thompson Nickel Mine in Thompson Manitoba.Brad Humphrey, President and CEO of NiCAN, commented, \"NiCAN is pleased to report assay results from nickel-bearing massive sulphides on the highly prospective Pipy South Property. The objective of our initial reconnaissance drill program was to confirm the presence of nickel mineralization, and this intersection clearly demonstrates that nickel sulphides occur within the favourable Pipe Formation on the Pipy South property. Follow-up geophysical surveys completed both downhole and along strike indicate the mineralized system remains open to the north and south, as well as up- and down-dip. The Company is currently advancing plans for a follow-up drill program to further test this mineralized horizon, which can be traced over a five-kilometre strike length.\"\"Drilling at Pipy South in late 2025 not only achieved our primary objective, confirming nickel sulphides, but also resulted in the discovery of a new gold zone on the property. The Company is now designing exploration programs to advance both the nickel and gold targets.\"\"The project benefits from excellent infrastructure, with roads and existing trail networks traversing the property, and is located immediately north of the City of Thompson, home to Vale's long-producing Thompson Nickel Mine Complex.\"Diamond Drill Hole PIPY25-06Diamond drill hole PIPY25-...