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Canada Nickel Reports Encouraging Initial Metallurgical Results from its Texmont Project, Announces Consolidation of Texmont Region

Canada Nickel Company Inc.

Highlights

  • Initial metallurgy work yields excellent nickel and cobalt recoveries producing high-grade concentrates:
    • Nickel recoveries of 79 - 84%
    • Cobalt recoveries of 77 - 83%
    • Final concentrate grades of 18 - 28% nickel with up to 0.7% cobalt
  • Simple process can be used and would provide significant flexibility for potential toll milling opportunities
  • Company acquires 9,520 hectares of mining claims covering 20 kilometres of strike length with the potential to host Texmont style mineralization

Figure 2. Texmont Ultramafic Trend

Figure 1. Preliminary Metallurgy Work - Texmont Recovery Performance

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