12:47 PM EDT, 03/26/2024 (MT Newswires) -- NiCAN Limited ( NILTF ) announced Tuesday it has completed its late winter diamond drilling program on the Wine Property located in the Snow Lake area, Manitoba.

Brad Humphrey, President and CEO, said in a statement: "We are encouraged by the drilling completed so far in 2024 at the Wine Occurrence, which continues to add to our understanding of the various zones. Preliminary observations suggest that NiCAN ( NILTF ) has expanded the known zones, and intersected a new zone further to the north that sub crops. Modelling and interpretation work is underway, and samples have been sent to the lab for analysis."

NiCAN ( NILTF ) believes that the nickel-copper mineralization hosted by the Wine Gabbro may have analogies to the nickel-copper deposits in the Lynn Lake area, which is to the north of the Wine property. At Lynn Lake, approximately 22.2 million tonnes averaging 1% nickel and 0.5% copper were historically mined at the Farley Mine.

The Farley Mine consisted of multiple lenses of mineralization contained within a 4.2 square kilometre gabbro body and contains numerous similarities to the Wine Gabbro area.

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