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North American Nickel Inc. Announces Its 2010 Sudbury, Ontario Exploration Plans; TSX Venture Application Submitted
Sep 25,2010 11:01CST
industry news
Source:SMM

VANCOUVER, BRITISH COLUMBIA, Sep. 25 -- North American Nickel Inc. (OTCBB: WSCRF)(CUSIP: 65704T 108) is pleased to update shareholders on its Sudbury, Ontario exploration plans for the rest of 2010.

Exploration is about to resume on North American Nickel (NAN) Sudbury properties. This follows the recently completed $100,000 work program undertaken on its property of merit, the Post Creek property. The Company's TSX Venture application, and the accompanying NI43-101 technical report on Post Creek, has been submitted to the TSX.

The Sudbury mining camp was discovered in 1856 when Alexander Murray reported sulphide minerals in a Geological Survey of Canada report. The Sudbury camp and the Noril'sk region in Russia are regarded as the most prolific nickel sulphide producing districts in the world.

Geologically, the Sudbury Structure is the remnant of a deformed 1.85 billion year old meteor impact crater. It is of exceptional economic significance having produced 40 billion lbs of nickel, 36 billion lbs of copper, 70 million ounces of platinum, palladium and gold and 283 million ounces of silver recovered from more than 77 nickel-copper-platinum group element deposits and two minor Zn-Pb-Cu deposits. Total historic production and current known reserves in Sudbury represent one trillion dollars in value based on 2007 metal prices. Most recently, the discovery of new Cu-Ni-PGE resources in the Camp indicates there is additional ore
to be found in the district. New discoveries include the Podolsky Mine and the Totten Cu-Ni-PGE deposit along the Whistle Offset and the Worthington Offset, respectively and footwall deposits such as Nickel Rim South and Vale's 153 deposit.
 

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