Northern Nickel Mining Inc. a private company dedicated to the development of base metal properties primarily in the Sudbury Basin has acquired, under option, the Wanapitei Nickel Property in Dryden Township, Ontario.
The Wanapitei Intrusive Complex, southeast of the Sudbury Intrusive Complex, has signifigant Ni+Cu+PGM values , numerous EM-Mag targets and a large mineralized shear zone that has never been properly evaluated. This consistent mineralized zone is up to 4 metres in width, has been traced for 1 km in length, and is marked by a series of old pits.
Previous work on the property has identified 8 EM Conductors on the southern part of the property. In 1998 a large magnetic anomaly was located on the east side of the property, associated with numerous "gossan" zones. Prospectors gouged out samples below the "gossan" of which a sample assayed Ag 2.7 g/t; Co 0.077 %, Ni 0.625 %; Cu0.793 % (1.41 % Ni +Cu) Pd .307 g/t (0.504 g/t PGE's).
The company plans to carry out a summer work program of line cutting, geophysics, trenching, stripping and sampling. A second phase will consist of a late summer diamond drill program.
The company believes the property to be a high quality acquisition, close to the Nickel capital of Sudbury, and taken in conjunction with high world spot Nickel price a valued and exciting acquisition.
Contacts:
Northern Nickel Mining Inc.
Tim D. Towers
Director Corporate Development
(905) 319-3033
Northern Nickel Mining Inc.
Steve Mlot
Director Engineering
(416) 573-0583
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Northern Nickel Mining Inc. Acquires Option on Sudbury Basin Nickel Property
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