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NiCAN's VTEM Survey Identifies Multiple Targets on the Wine Nickel Property in Manitoba, Canada
NiCAN's VTEM Survey Identifies Multiple Targets on the Wine Nickel Property in Manitoba, ...
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[{"type":"text","content":"\n \n \n \n NiCAN's VTEM Survey Identifies Multiple Targets on the Wine Nickel Property in 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 Nov. 14, 2022\n \n \n /CNW/ -\n \n NiCAN Limited\n \n (\"NiCAN\" or the \"Company\") (TSXV: NICN) provides the initial results from a Versatile Time Domain Electromagnetic (\"VTEM\") airborne geophysical survey completed in 2022 at the Wine project in\n \n Manitoba, Canada\n \n (Figure 3). This survey was designed to accurately define the location and depth of conductive sources that have a nickel mineralization signature. Preliminary interpretations indicate there is a distinct VTEM response to the Wine Occurrence, which had not been recognized in historical airborne surveys.\n \n \n \n \n \n \n \n \n \n \n A significant number of additional VTEM anomalies, typically with subtle coincident magnetic responses, have been defined within the Wine Gabbro\n \n (Figure 1 sets out the responses at a 50-metre depth).  All of the selected VTEM anomalies are currently being geophysically modelled in order to be prioritized for subsequent drill testing, which is planned for the first quarter of 2023.\n \n \n \n Note: There are five additional geophysical targets selected for modelling at the south end of the Wine property not shown in figure.\n \n \n \n \n Brad Humphrey\n \n , President and CEO of NiCAN, stated, \"We are very pleased with the VTEM survey results and the ability to define additional targets within the immediate Wine Gabbro area that hosts the Wine Occurrence. The Company is currently designing and prioritizing the next set of drill targets for the upcoming winter program, which will focus on testing these newly defined geophysical targets. NiCAN is in a strong position with a solid balance sheet and highly prospective nickel projects in established mining jurisdictions.\"\n \n \n A preliminary 3D model of the VTEM data has been received and merged with NiCAN's detailed 3D aeromagnetic model completed in 2021 to determine the relationsh...