08:30 AM EST, 12/05/2024 (MT Newswires) -- Canada Nickel ( CNIKF ) on Thursday said assay results for drill hole BAN24-20 at the company's Bannockburn property intersected 15.7 meters of net-textured sulphides within a disseminated sulphide-bearing peridotite, highlighting up to 1.32% nickel over 4.4 meter within a well mineralized zone of 0.8% nickel in 15.7 meter drill hole length.

"We are very pleased that this second hole at Bannockburn intersected a well mineralized interval grading 1.11% nickel across 10.1 metres and correlates with both the geophysical target that had been identified in the prior borehole survey and the observed mineralization," said Canada Nickel ( CNIKF ) Chief Executive officer Mark Selby. "We look forward to continuing to unlock the higher-grade potential of this target, and to testing other high potential conductors identified at the Bannockburn property."

The company added that the follow-up on drillhole BAN24-21 was in progress with a BHEM survey scheduled.