10:47 AM EDT, 07/31/2024 (MT Newswires) -- Canada Nickel Company ( CNIKF ) on Wednesday announced additional results from its drilling program targeting the PGM zones in the Crawford Nickel Project.

CNC in a statement said the infill drilling campaign targeted PGM Zones at Crawford with 45 holes intersecting drill intervals of more than 1g/t palladium + platinum.

Results cited include 2.19 g/t palladium + platinum over core length of 76.5 metres in Crawford Main Zone including 3.90 g/t over core length of 13.5 metres; and 1.15 g/t palladium + platinum over 38.5 metres in Crawford East Zone including 2.94 g/t over core length of 4.5 metres.

PGM results will be included in development of a Crawford PGM Zone resource estimate and incorporated into the Crawford nickel mine plan

"We are very pleased with the drilling results of the PGM Zones for both the Crawford Main & East Zones, which occur within the existing feasibility study mine plan for Crawford. The opportunity to drill out these zones and to incorporate the findings into a PGM resource estimate have the potential to unlock incremental value from material that was previously unaccounted for, and in fact was treated as waste material within the Crawford feasibility study," said Mark Selby, CEO of Canada Nickel ( CNIKF ).

Canada Nickel ( CNIKF ) is up $0.01 to $1.11.