12:39 PM EDT, 03/19/2024 (MT Newswires) -- Canadian North Resources Inc. ( CNRSF ) on Tuesday announced an updated Mineral Resource estimate for its Ferguson Lake base metal (copper, nickel, cobalt) and platinum group metal (PGM, mainly palladium and platinum) project in Nunavut, Canada.

This updated estimate reports a 172% increase from 24.3 million tonnes to 66.1 million tonnes in the Indicated Mineral Resources, in comparison to the 2022 Mineral Resources NI43-101 Technical Report. This consists of 1,093 million pounds (Mlb) copper at 0.75%, 678Mlb nickel at 0.47%, 79Mlb cobalt at 0.05%, 2.34 million ounces (Moz) palladium at 1.10 g/t and 0.42Moz platinum at 0.19 g/t; and

Inferred Mineral Resources of 25.9Mt containing 558Mlb copper at 0.98%, 333Mlb nickel at 0.58%, 40Mlb cobalt at 0.07%, 1.12Moz palladium at 1.43 g/t and 0.21Moz platinum at 0.25 g/t.

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