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Vancouver-based North American Nickel (NAN) has announced a new nickel discovery at the company’s Maniitsoq property in Greenland.
CEO Rick Mark says the discovery creates a new area of focus for the company as it’s only 9 km away from two other recently announced near solid to solid sulphide intersections. Danish geologist Adam Garde argues that the Maniitsoq area is an impact structure much like Ontario’s Sudbury Basin.
NAN’s share price dipped over 10% in Thursday trading, falling to $0.35.
North American Nickel is a mineral exploration company with 100% owned properties in Greenland, Ontario, and the Thompson, Manitoba nickel belt. VMS Ventures Inc. (TSX.V: VMS) owns approximately 27.5% of NAN.
Read the full September 26 press release here.
