NICAN Ltd CEO Brad Humphrey $NICN bought deal, Multiple Mineralized Zones, Including 2.32% NiEq over 31.5 Meters

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12M ago 30:30

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The hole that put them on the map recently:

https://ceo.ca/@newswire/nicans-drilling-at-the-wine-project-manitoba-canada

NiCAN's Drilling at the Wine Project, Manitoba, Canada Intersects Multiple Mineralized Zones, Including 2.32% NiEq over 31.5 Meters

TORONTO, Jan. 31, 2024 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) is pleased to report assay results from its Phase III drilling program on the Wine Property located in the Snow Lake area, Manitoba, Canada (Figure 4). This program expanded several mineralized zones at the Wine Occurrence, including an upper zone that appears to be eastward dipping, and advanced our understanding of the overall Wine Gabbro.

Diamond drill hole Wine 23-29 intersected multiple zones of mineralization including,

31.5 meters averaging 1.90% Cu and 1.92% Ni (2.31% NiEq) (Table 1 and Figure 1) - the longest zone of continuous mineralization intersected to date, and also
an Upper Zone averaging 2.20% Cu and 1.56% Ni (2.11% NiEq) over 9.6 meters (Table 2 and Figure 2)

The Bought Deal:

https://ceo.ca/@globenewswire/nican-announces-closing-of-bought-deal-private-placement

Presentation: https://www.nicanltd.com/_resources/presentations/corporate-presentation.pdf?20240227

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