Workflow
Net zero carbon
icon
Search documents
Canada Nickel Reports Additional Positive Exploration Drilling Results at Midlothian Nickel Sulphide Property
Prnewswire· 2025-09-25 10:45
Core Insights - Canada Nickel Company Inc. announced positive exploration drilling results from its Midlothian Property, indicating its growing potential as a significant asset within the company's portfolio [1][2][3] Exploration Results - The latest drill assays from Midlothian have shown consistently higher-grade intervals, with three recent holes returning 0.29–0.30% nickel over several hundred meters [2][6] - The Midlothian property has a target footprint larger than the Crawford project, with a geophysical target measuring 2.7 kilometers long and 0.4 to 0.9 kilometers wide [3][6] - Six infill drillholes were completed in summer 2025, all intersecting long intervals of mineralized dunite, with significant nickel mineralization found at shallow depths [3][6] Drilling Highlights - Drillhole MID25-17A intersected 0.30% nickel over 330.0 meters, while MID25-18A intersected 0.29% nickel over 449.1 meters, including 0.36% nickel over 10.5 meters [4][6] - The company plans to produce an initial resource estimate for Midlothian by the end of 2025, based on the combined dataset from 2023, 2024, and 2025 drilling [3][6] Joint Venture and Financials - The Midlothian property is a joint venture between Canada Nickel and Canadian Gold Miner Corp. and Laurion Mineral Exploration Inc., with Canada Nickel needing to make a final payment of $400,000 and issue 140,000 shares to earn a 100% interest [3] - Canada Nickel also announced the issuance of 333,120 common shares to a service provider in satisfaction of $249,840.51, subject to TSX Venture Exchange approval [8]