New Nickel Discovery Within the Fossilik Norite at Maniitsoq Project;

Drill Program Ends, Assays Pending for Imiak Hill Conduit Complex

 

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 26, 2013) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP:65704T 108) (the “Company”) is pleased to announce that the Company has made a new discovery at drill hole MQ-13-018, which is ~9 km south of the Imiak Hill Conduit Complex (IHCC). It intersected three new zones of nickel sulphide; all hosted by the Fossilik intrusion, which is the largest norite body in the Greenland Norite Belt at ~8 sq. km. MQ-13-018 is associated with NAN’s 2012 VTEM conductor P-04.

This new discovery is within a 10km radius from the Imiak Hill Conduit Complex, which the Company believes to be a reasonable distance to truck mineralization to a potential central mining / concentrating complex at, or near, Imiak Hill (see map 1).

NAN CEO, Rick Mark states. “This discovery is only 9 km from our recently announced near solid to solid sulphide intersections at Imiak Hill and Imiak North. It has significant near surface Ni-Cu-Co & PGM mineralization which is disseminated, similar to mineralization at Spotty Hill within the IHCC. The Fossilik norite also contains historical mineralized zones with grades of up to 2.24% Ni and 0.63% Cu. It creates a new area of focus for the company and bolsters our belief that the Maniitsoq conduit system has potential to produce multiple deposits.”

MQ-13-018 HIGHLIGHTS:

  • 32.19m @ 0.59% NI, 0.18% Cu, 0.02% Co, 0.21 g/t PGM (Zone 1)

Including:

  • 4.53m @ 1.06% Ni, 0.23% Cu, 0.04% Co, 0.33 g/t PGM

The mineralization was intersected between 35 and 160 m vertically below surface and it consists mainly of disseminated and blebby sulphides with occasional short intervals of inclusion bearing sulphide. All of the sulphides are hosted in massive melanocratic norite.

The Fossilik intrusion also hosts several historical showings including the Fossilik I and II occurrences:

  • Fossilik II includes historical drill holes with grades of up to 2.24% Ni and0.63% Cu over a core length of 12.89 metres in drill hole FoIl-1
  • Fossilik I includes historical drill holes with grades of 1.07% Ni and 0.46% Cuover a core length of 25.10 metres in drill hole F-3.

Table 1 below summarizes the assay results for MQ-13-018. All three mineralized zones are hosted in massive, non-foliated, melanocratic norite.

Table 1: MQ-13-018 significant assays

From
(m)

To
(m)

Length
(m)

Ni
(%)

Cu
(%)

Co
(%)

Pt
(g/t)

Pd
(g/t)

Au
(g/t)

Total
PGM*

S
(%)

Zone 1

40.24

72.43

32.19

0.59

0.18

0.02

0.10

0.03

0.08

0.21

2.94

  Incl.

51.75

56.28

4.53

1.06

0.23

0.04

0.20

0.04

0.09

0.33

5.97

 

Zone 2

94.00

120.00

26.00

0.24

0.11

0.01

0.07

0.02

0.07

0.16

1.31

  incl.

108.00

117.00

9.00

0.42

0.15

0.02

0.14

0.03

0.10

0.27

2.38

 

Zone 3

173.29

182.00

8.71

0.26

0.15

0.01

0.04

0.01

0.07

0.12

1.04

Note: all lengths are core lengths, true widths are unknown.

Hole collar information (WGS84 / UTM22N) 474324E / 7248800N / 695 masl, azimuth 50, dip -60, length 182 metres. (masl = metres above sea level)

The 2013 exploration program at Maniitsoq has come to an end, with 25 diamond drill holes completed for a total of 4266 metres. The drilling focused on numerous VTEM anomalies and existing Ni – Cu occurrences within the Greenland Norite Belt (GNB). A total of 1541 core samples have been submitted for analysis. All 2011 and 2012 targets (116) have been field checked by NAN geologists with a total of 238 field locations reviewed for mineralization and geological information. A total of 104 rock samples were analyzed and the NAN exploration team collected a total of 150 channel samples over mineralized areas of interest.