08:37 AM EDT, 08/08/2024 (MT Newswires) -- Canada Nickel ( CNIKF ) reported Thursday positive assays from its ongoing 2024 exploration program at the Reid property in Ontario, including the company's best interval to date.

Highlights include 661 meters of 0.29% nickel, including 100 meters of 0.42% nickel and 40 meters of 0.51% nickel.

The company said all 34 holes drilled this year at Reid have intersected long intervals of targeted mineralized dunite and minor peridotite.

"Reid continues to deliver excellent results, including the best individual hole to date with long core lengths grading in excess of 0.4% and 0.5% nickel and all holes delivering large intervals of target mineralization," CEO Mark Selby said.

Canada Nickel's ( CNIKF ) share price fell 4.9% to $0.97 yesterday.