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NiCAN Intersects New Mineralized Zone at Wine Nickel Property, Manitoba, Canada
NiCAN Intersects New Mineralized Zone at Wine Nickel Property, Manitoba, Canada Canada ...
About this update from Nican Ltd.
[{"type":"text","content":"\n \n \n \n NiCAN Intersects New Mineralized Zone at Wine Nickel Property, Manitoba, Canada\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 March 2, 2023\n \n \n /CNW/ -\n \n NiCAN Limited\n \n (\"NiCAN\" or the \"Company\") (TSXV: NICN) has intersected new mineralization approximately 850 metres to the northeast of the Wine Occurrence (Figures 2 and 3) as part of its 2023 winter drilling program on the Wine Property located in the\n \n Snow Lake\n \n area,\n \n Manitoba, Canada\n \n .\n \n \n All targets drilled to date have intersected varying quantities of disseminated to massive sulphide mineralization. Most notable has come from diamond drill hole Wine-23-08 where pyrrhotite and chalcopyrite mineralization have been intersected in two relatively shallow zones.\n \n \n DDH Wine-23-08 was designed to test a conductive geophysical (EM) anomaly located on the edge of a larger discrete magnetic anomaly that is in a similar geological location to the previously announced high-grade Wine Occurrence zone. NiCAN is currently following up with additional drilling on this new zone to better understand its orientation and extent.\n \n \n This new mineralization is scheduled for a follow up downhole geophysical survey and further drill testing. Core from the initial holes have been split and sent for assay analysis at an accredited laboratory. Assays are pending.\n \n \n \n \n \n \n \n \n \n \n \n \n Brad Humphrey\n \n , President, and CEO of NiCAN, who has just returned from the project site, stated, \"We are very happy with the results of the drilling program to date and the intersection of a new mineralized zone. I saw firsthand the mineralization encountered and look forward to further drill testing the broader Wine Gabbro area. Importantly, this new zone of disseminated and massive sulphides within the Wine Gabbro clearly demonstrates that the Wine Nickel-Copper Occurrence is not a one-off zone. NiCAN remains in a strong position with a solid balance sheet and highly prospective nickel sulfide project...