Canada Nickel deposits akin to ‘Sudbury’s endowment’

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Canada Nickel’s Crawford property. Image courtesy of Canada Nickel.

New initial resources for Canada Nickel’s (TSXV: CNC) deposits add almost 275 million measured and indicated tonnes to the company’s portfolio, with the Texmont deposit boasting grades higher than all its other targets in northern Ontario’s Timmins region.

Mann Central hosts 236.7 million indicated tonnes grading 0.22% nickel for 520,000 million tonnes of contained nickel, and 543.2 million inferred tonnes at 0.21% nickel for 1.15 million tonnes of metal, the company reported Tuesday. Mann Central is located 23 km east of the company’s main Crawford project and 40 km northeast of Timmins.

Texmont holds 37.9 million measured and indicated tonnes grading 0.29% nickel for 109,000 tonnes of contained metal; and 57.7 million inferred tonnes at 0.25% nickel for 143,900 contained tonnes. Texmont is 36 km south of Timmins.

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