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NiCAN Triples its Land Position at Pipy South Property in Thompson Manitoba
NiCAN Triples its Land Position at Pipy South Property in Thompson Manitoba Canada NewsWi...
About this update from Nican Ltd.
[{"type":"text","content":"\n\n\nNiCAN Triples its Land Position at Pipy South Property in 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, March 5, 2026 /CNW/ - NiCAN Limited (\"NiCAN\" or the \"Company\") (TSXV: NICN) (OTCQB: NILTF) (FRA: W8Y) has significantly increased its land position at the Pipy South Project in Thompson Manitoba following NiCAN's recent near surface gold discovery (see press releases dated February 9, 2026, and February 18, 2026).NiCAN has added 13 adjacent claims covering an area of approximately 30.5km2 bringing the total Pipy South land package to 45.75km2. Brad Humphrey, President and CEO of NiCAN, commented, \"As a result of NiCAN's recent successes at the Pipy South project, we have significantly expanded our land position within the Thompson area. This enables the Company to expand its exploration efforts looking for gold and nickel deposits. The new gold discovery along with gold prices touching all-time highs adds compelling value to the Company's exploration portfolio. NiCAN remains active at Pipy South with a geophysical program underway and is preparing for immediate follow-up diamond drilling to advance and further define this emerging gold system.\"The newly acquired claims cover a large interpreted anticlinal structure that is 10.0km long and 3.0km wide that displays multiple magnetic horizons caused by inferred iron formations. The new gold discovery at Pipy South is largely hosted by a lean iron formation that exhibits subtle magnetic anomalies. Only limited drilling has been completed in this area over the past 50 years, with all historical exploration efforts geared towards nickel.Access to the expanded Property is by Provincial Road 280 that passes through the center of the land position. Extensive infrastructure is available in Thompson located 10km to the south.Beyond the immediate follow-up drilling program, NiCAN also intends to carry out a summer exploration program designed to identify additional silicified, mineralized gold zones.The newly acquired claims also hold significant potential to ...