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NiCAN Commences Follow-Up Drilling at Pipy South Property in Thompson Manitoba
NiCAN Commences Follow-Up Drilling at Pipy South Property in Thompson Manitoba Canada New...
About this update from Nican Ltd.
NiCAN Commences Follow-Up Drilling at Pipy South Property in Thompson Manitoba /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire TORONTO, March 24, 2026 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) (OTCQB: NILTF) (FRA: W8Y) is pleased to announce that diamond drilling has commenced at the Pipy South Property. The objective of this follow-up diamond drilling program is to expand both the New Gold Discovery and the Nickel-Bearing Massive Sulphides intersected in the recently announced 2025 program (see press releases February 9, 2026, February 17, 2026 and February 18, 2026). This program is expected to consist of approximately 2,500 meters of drilling in 12-15 drill holes.Brad Humphrey, President and CEO of NiCAN, commented, "Following NiCAN's recent success at the Pipy South Project, we are excited to be back drilling. The current program aims to expand the newly discovered gold zone and evaluate additional targets with similar geophysical signatures. NiCAN will also drill test down-dip and along the strike extent of the recent nickel intersection. Following the recently announced expansion of Pipy South's land position, tripling the project's size, the Company is now able to broaden its exploration efforts in search of additional gold and nickel zones. "New Gold DiscoveryDetailed geophysical surveys designed to define the subtle magnetic signatures of the lean iron formations that, to date have hosted the gold mineralization, have been completed and preliminary results are currently being interpreted (Figure 1). Initial drilling will focus on understanding and expanding the mineralization intersected in the 2025 drilling program and subsequently test additional magnetic trends defined on the property. To date, there appears to be a strong correlation between the gold and magnetic pyrrhotite as well as appreciable concentrations of galena (lead).Initial interpretations indicate that the stratigraphy containing the gold mineralization is hosted by a steeply dipping anticlinal structure that can be traced over a north south distance of approximately 1.7 kilometers. Historical geochemical sampling has indicat...