North American Nickel (TSXV:NAN) (OTCBB:WSCRF) Reports Significant Sulphide Mineralization in Greenland, Moves Stock Up More Than 50% - Video News Alert Posted on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, August 23, 2013 - North American Nickel (TSXV:NAN)
(OTCBB:WSCRF) reported significant sulphide mineralization today, moving the
share price up more than 50%.
InvestmentPitch.com has produced a "video news alert" based on this news. If
this link is not enabled, please visit www.InvestmentPitch.com and enter "North
American Nickel" in the search box.
Diamond drill hole MQ-13-026 intersected an 18.62 metre core length of sulphide
mineralization averaging approximately 40 to 45% total sulphides, including
numerous sections containing 65% to 80% sulphides. This is the deepest of three
sulphide intersections, all fully described in today's news release, that have
been drilled at Imiak Hill in 2013.
Imiak Hill is located in the company's 100% owned Maniitsoq property in
Greenland, a Camp scale project comprising 5,106 square kilometres, covering
numerous high-grade nickel-copper sulphide occurrences associated with norite
and other mafic-ultramafic intrusions of the Greenland Norite Belt.
Since commencing the 2013 field program in late June, the company has drilled
27 holes totalling 3,037 meters. The first two discoveries of economic
mineralization at Imiak Hill and Spotty Hill confirm the high value and
potential of the Greenland Norite Belt.
Neil Richardson, Chief Operating Officer stated, "We are pleased to report that
drill hole MQ 13-026 is the best intersection we have seen to date with intense
sulphides clearly present and our BHEM surveys indicate that Imiak Hill is still
open down plunge. It is also important to note is that the intensity of the
sulphide mineralization, as shown in the three holes referenced in this release,
is increasing with depth."
The company also has 100% owned properties in Sudbury, Ontario, and the
Thompson, Manitoba nickel belt.
The company is currently trading at $0.31, and with approximately 122.2 million
shares outstanding, the company is capitalized at $37.9 million.
For more information, please visit their website www.northamericannickel.com or
contact Rick Mark, CEO and Chairman at 604-986-2020 or email
info(at)northamericannickel.com.
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 23.08.2013 - 21:58 Uhr
Sprache: Deutsch
News-ID 290608
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