Mark Selby, CEO of Canada Nickel, commented, saying, “We are pleased to complete the option agreement with Noble after our successful drill program in 2023 where all 15 holes intersected target mineralization. We are looking forward to further unlocking the potential of these three targets in 2024.”
Canada Nickel has completed C$1.7-million of exploration at Mann and made a cash payment of C$350,000 to Noble. The company will also make annual cash payments to Noble of C$100,000. The project is to be a joint venture, 80% Canada Nickel and 20% Noble.
Earlier this year, Noble said Canada Nickel drilled a new discovery called Mann Central across a 2.5-km strike length. Drilling at Mann Northwest extended mineralization across a 2.7-km strike length. Noble further commented that the three Mann finds, plus the Newmarket and Reaume finds, each have a geophysical footprint larger than the Crawford nickel mine that Canada Nickel is…
