North American Gem Inc.

Published : September 05th, 2013

NICKEL EXTENDS NEAR SOLID TO SOLID SULPHIDE MINERALIZATION AT IMIAK HILL, MANIITSOQ, SOUTH-WEST GREE

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Cobalt |
 

NORTH AMERICAN NICKEL EXTENDS NEAR SOLID TO SOLID SULPHIDE MINERALIZATION AT IMIAK HILL, MANIITSOQ, SOUTH-WEST GREENLAND 

24.75m of significant sulphide mineralization intersected in drill hole MQ-13-028
Mineralization remains open


Vancouver, British Columbia, September 5, 2013 – North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108)  (the “Company”) is pleased to announce that Diamond drill hole MQ-13-028 at Imiak Hill intersected a 24.75 metre core length of near solid-solid sulphide mineralization averaging approximately 35 - 40% total sulphides within noritic host rocks. The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains the 70km long Greenland Norite Belt (GNB) and is 100% owned by North American Nickel.

The intersection in MQ-13-028 is the deepest of four significant sulphide intersections made at Imiak Hill this year and extends Zone 30’s significant near solid to solid sulphide mineralization ~35 metres further down plunge from hole MQ-12-026 to an overall vertical depth of 185 metres. (See figures 1, 2 and 3). The mineralization remains open at depth.

The sulphides in MQ-12-028 were contained within two intervals of mineralized norite.  The first is 17.91m long and averages 40-45% sulphide and the second is 2.40m long and contains 50-60% sulphide. The two intervals are separated by 4.44m of leucogabbro.  The entire intersection is summarized in the table below.

From (m) To (m) Length (m) Description
182.09 183.59 1.50 Norite, well mineralized 60-70% total sulphide
183.59 187.85 4.26 Norite, mineralized 25-30% total sulphide
187.85 190.87 3.02 Norite, well mineralized 65-75% total sulphide
190.87 192.07 1.20 Norite, well mineralized 40-50% total sulphide
192.07 193.80 1.73 Norite, well mineralized 60-70% total sulphide
193.80 195.14 1.34 Norite trace to 1% total sulphide
195.14 200.00 4.86 Norite, well mineralized 40-50% total sulphide
200.00 204.44 4.44 Leucogabbro
204.44 206.84 2.40 Norite, well mineralized 50-60% total sulphide

Note: the visual percent sulphide estimates and descriptions in this news release are not intended to suggest grades of contained metals, which will require assaying to determine. Mineral percentages are volume not weight.

MQ-13-028 was drilled to test an extremely strong “step response” type of anomaly extending below the Diamond drill hole MQ-13-026, which intercepted 18.62 m of mineralized norite containing an average of 40 to 45% total sulphides within Zone 30 at Imiak Hill (see NAN August 23/13 press release for details on Zone 30 and the previous three intersections).  

MQ-13-028 was surveyed with a 3 component bore hole EM (BHEM) system and this mineralization has also produced an extremely strong "step response" type of anomaly. The interpretation of the anomaly, by Crone Geophysics and Exploration Ltd, indicates that the mineralization continues further down plunge at Imiak Hill. Drill core for MQ-13-028 has been logged, samples sawed in half and shipped to ALS Chemex in Sweden for analysis.

NAN CEO, Rick Mark, states: “We are extremely pleased with the continuity of the near solid to solid sulphide mineralization at Imiak Hill that we have discovered this year. It has now been intersected from near surface to below 185 metres in depth and the borehole survey tells us it remains open down plunge. That fits the nickel deposit model we are following. The Company’s technical team, led by COO Neil Richardson, Chief Geologist John Pattison and Project Manager James Sparling, continues to deliver results for our shareholders”.

As described in the August 23/13 press release, NAN has now delineated three, closely spaced, north-trending, near vertically dipping, steeply south-plunging mineralized zones at Imiak Hill. From east to west the zones have been provisionally named 10, 20 and 30 as shown in plan in Figure 1 and in three dimensions in Figure 2.  The mineralization in MQ-13-028 correlates with Zone 30, as do the other three sulphide intersections made at Imiak in 2013. A composite longitudinal section through Imiak Hill showing the locations of all intersections to date is included in Figure 3.

Since commencing the 2013 field program in late June, NAN has drilled 22 holes totaling 3,711 meters at Maniitsoq. The drill has now been moved from Imiak Hill to test other high priority, norite-associated electromagnetic anomalies prior to the end of the field season.

Collar coordinates for all of the Company’s drill holes at Imiak are listed in the table below.

Hole Number East (m) * North (m)* Elevation (masl) Azimuth (°) DIP (°) Length (m)
MQ-12-001 477455 7257225 546 275 -45 106.07
MQ-12-002 477455 7257225 546 275 -70 173.12
MQ-12-003 477485 7257186 543 275 -73 292
MQ-12-004 477459 7257260 540 275 -45 95.4
MQ-13-019 477484 7257189 546 275 -55 176
MQ-13-020 477490 7257141 532 275 -62 209
MQ-13-023 477484 7257215 547 275 -59 188
MQ-13-024 477497 7257174 547 275 -59 197
MQ-13-025 477482 7257238 538 269 -45 122
MQ-13-026 477490 7257141 532 295 -65 215
MQ-13-028 477507 7257144 535 278 -67 287

*WGS84 UTM Zone 22N

Qualified Person

All technical information in this release has been reviewed by Dr. Mark Fedikow, P.Geo, who is the Qualified Person for the Company and President, North American Nickel Inc.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX.V: VMS) owns approximately 27.5% of NAN.

The Maniitsoq property in Greenland is a Camp scale project comprising 5,106 square km’s covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is pack ice free year round.

The first two discoveries of economic mineralization at Imiak Hill and Spotty Hill confirm the high value and potential of the GNB.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995.  The Company intends that such forward-looking statements be subject to the safe harbours created thereby.  Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from the expected results.

ON BEHALF OF THE BOARD OF DIRECTORS

Neil Richardson
COO
North American Nickel Inc.

For more information contact:

North American Nickel Inc.

Evan Sleeman
604-986-2020
Toll free: 1-866-816-0118

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.



Figure 1: Imiak Drill Plan Map

 

Figure 2: Three Dimensional Model



Figure 3: Imiak Composite Longitudinal Section



Click Here for a complete listing of press releases.

-------------------
To unsubscribe from this list please visit the email alert section of the NAN site.


Date Sent: 9/5/2013 8:37:08 AM Powered by Q4 Web Systems
Data and Statistics for these countries : Greenland | Sweden | All
Gold and Silver Prices for these countries : Greenland | Sweden | All

North American Gem Inc.

EXPLORATION STAGE
CODE : NAG.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

North American Gem is a gold and copper exploration company based in Canada.

Its main exploration properties are SASKASHEWAN, KENTUCKY, RANGER LAKE, APPALACHIA, WESTERN BASIN and LOUISE LAKE in Canada.

North American Gem is listed in Canada. Its market capitalisation is CA$ 956 435 as of today (US$ 957 200, € 786 340).

Its stock quote reached its highest recent level on June 27, 2008 at CA$ 0.65, and its lowest recent point on August 02, 2012 at CA$ 0.01.

North American Gem has 191 287 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of North American Gem Inc.
4/18/2011Closes Private Placement
3/29/2011Private Placement
Project news of North American Gem Inc.
10/15/2013Nevada Clean Magnesium and ScanMag AS of Norway to Form Join...
Corporate news of North American Gem Inc.
10/31/2013Agilith North American Diversified Fund up 58% year over yea...
10/23/2013Research Note Published on North American Nickel
10/2/2013Nickel Announces The Sentient Group Exercises Warrants
9/30/2013Dr. Tony Naldrett Joins North American Nickel's Advisory Boa...
9/5/2013NICKEL EXTENDS NEAR SOLID TO SOLID SULPHIDE MINERALIZATION A...
7/19/2013Strong Demand for Trinasmart at Intersolar North America Pro...
5/2/2013Alcoa to Further Expand North American Automotive Sheet Capa...
10/18/2012Alcoa Names 2012 Top North American Scrap Suppliers
8/7/2012Infographic =2D Natural Gas=3A North America's Energy Future...
2/27/2012Potash Developments Inc, Aquires Potassium Sulfate / Alunite
9/19/2011Alcoa Names 2011 Top North American Scrap Aluminum Suppliers
9/8/2011Alcoa Named to World and North American Dow Jones Sustainabi...
7/13/2011Trinamount Ready to Ship to North American Installers
7/5/2011Sub-Leases the North American Processing Facility
4/18/2011(Kentucky)Responds to Lawsuit issued by Kentucky Mining Partners LLC (...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (NAG.V)
0.005+0.00%
TSX-V
CA$ 0.005
08/02 14:52 -
0%
Prev close Open
0.010 0.005
Low High
0.005 0.005
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.005 -50.00%
Volume 1 month var.
200,000 -50.00%
24hGold TrendPower© : -37
Produces
Develops
Explores for Coal - Copper - Gold - Molybdenum - Silver - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 10/30/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :