(Kitco News) - Canada Nickel (TSXV: CNC) announced today that it more than doubled measured and indicated resources at its Crawford nickel sulphide project in Ontario to 1.4 billion tonnes at 0.24% nickel plus a further 670 million tonnes of inferred resources at 0.23% nickel.
The company said that Crawford now believed to be fifth largest nickel sulphide resource globally comprising 3.5 million tonnes of contained measured and indicated nickel.
Chair and CEO Mark Selby stated, "We are very pleased with our continued exploration success at Crawford. When combined with the potential for zero carbon production, Crawford is expected to become an important source of nickel for electric vehicle and stainless-steel producers. With additional potential from a number of holes still pending assays at the resource cut-off date, we expect the final feasibility study resource to support the upper end of our mine plan target of 1.3 to 1.8 billion tonnes. The Crawford feasibility study continues to be on track for completion by year-end."
Canada Nickel Company is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel is currently anchored by its 100% owned flagship Crawford nickel sulphide property in the heart of the prolific Timmins-Cochrane mining camp.
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