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Canada Nickel Company Inc. reports development updates for nickel-sulphide projects in Ontario’s Timmins mining district. Coverage centers on the 100% owned Crawford Nickel-Cobalt Sulphide Project, permitting and grid-connection work, project financing, and technical disclosures for properties such as Reid and Midlothian.
The company’s news also covers NI 43-101 mineral resource reports, awaruite and metallurgical results, carbon-sequestration studies, and its NetZero Nickel, NetZero Cobalt and NetZero Iron process-development initiatives for nickel, cobalt and iron products.
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Canada Nickel Company reported promising assay results from the Texmont property, revealing high-grade near-surface nickel mineralization. Assay data from 16 drill holes indicated significant mineralization, with nine holes showing over 1% nickel content. Noteworthy findings include TEX23-26, which intersected 3 metres of 1.47% nickel, and TEX23-19 with 7 metres of 1.03% nickel within broader intersections. The mineralization spans a footprint of 1 km along strike, with depths reaching 444 metres. The exploration program has completed 39 holes totaling 9,696 metres. CEO Mark Selby expressed optimism about near-term open pit production potential and plans for further drilling. The company also issued 43,924 shares to satisfy advisory service fees and announced the acquisition of mining claims with additional share issuances.