Canada Nickel Announces Additional Positive Metallurgy Results at Crawford Nickel-Cobalt Sulphide Project
(PresseBox) - Highlights:
New metallurgical testing confirms excellent nickel recovery of 52%
Nickel equally split between high grade concentrate of 37% nickel and standard grade concentrate of 13% nickel
Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-V:CNC) (OTCQB: CNIKF - https://www.commodity-tv.com/ondemand/companies/profil/canada-nickel-company-inc/ ) is pleased to announce excellent results from its latest metallurgical testing on its 100% owned Crawford Nickel-Cobalt Sulphide project.
?The 52% recovery from a higher-grade core sample marks another excellent step forward for the Crawford project. test samples,? said Mark Selby, Chair & CEO.
The locked cycle test (?LCT?) conducted at XPS Expert Process Solutions, a Glencore Company (?XPS?) was the third successful LCT. The results of the first two LCTs were previously announced in Canada Nickel press release dated December 23, 2020. ue to optimize various flowsheet parameters towards a final flowsheet for the feasibility study expected by year-end 2021.
The Crawford Nickel-Cobalt Sulphide Project is located in the heart of the prolific Timmins-Cochrane mining camp in Ontario, Canada, and is adjacent to well-established, major infrastructure associated with over 100 years of regional mining activity.
The Crawford Nickel-Cobalt Sulphide Project is expected to produce among the highest-grade nickel sulphide concentrates in the world, providing maximum flexibility for potential partners and offtake parties, including the battery and stainless steel markets.
Cobalt recovery was approximately 35% for this locked cycle test from sample consisting of heazlewoodite and pentlandite.
Fe and MgO content of the High Grade concentrate was 18% and 7% respectively; Fe and MgO content of the Standard Grade concentrate was 27% and 19%.
Magnetite recovery was not optimized in this test but still yielded 44% Fe recovery to a 45% Fe concentrate.
Phase I Metallurgy Testing
Metallurgical recovery testing has been ongoing at COREM in Quebec City and XPS in Sudbury. Test work to date has been completed on multiple samples from the Crawford deposit totalling over 700 kg of mineralized material from several large diameter holes drilled during 2020 and selected exploration drill core samples.
The current flowsheet is primarily comprised of two stages of grind-deslime-float.
The sample
The first phase of testing focused on confirming the overall flowsheet design and leveraged work completed on several other projects.ities.
Phase II Metallurgy Testing
Metallurgy testing during 2021 will have two key areas of focus.rom using coarser grind sizes and more aggressive desliming, to recover much of the nickel into a very high grade (nickel > 35%) concentrate as well as the potential to improve nickel recovery from the slimes portion of the material produced which these latest testwork results clearly demonstrate. A broad base of test samples will be developed, which are essential given the wide range of mineralogy in these types of deposits which typically results in nickel recoveries for a specific block ranging from 10-15% to as much as 60%.
Filing of Annual Financial Results
Canada Nickel has filed today its annual audited financial statements and related management''s discussion and analysis ("MD&A") for the full-year ended October 31, 2020, both of which are available at www.canadanickel.com and on Canada Nickel?s profile at www.SEDAR.com.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.
About Canada Nickel Company
Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill results relating to the Crawford Nickel-Cobalt Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, timing of economic studies and resource estimates, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the futureion programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company''s business operations including upon its employees, suppliers, facilities and other stakeholders.ontained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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Datum: 25.01.2021 - 07:56 Uhr
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