Canada Nickel Company claims it’s made a major discovery at its Reid Property, north of Timmins, that rivals the size of the company’s nearby flagship Crawford deposit.
CEO Mark Selby said in a news release that the “large-scale discovery” is “90 per cent of the size of Crawford,” ranking it as “the world’s fifth largest nickel sulphide resource” based on the raft of assay results the company hosted this week posted from an ongoing drilling program.
Reid is 37 kilometres northwest of Timmins and 16 kilometres southwest of Crawford where a federal impact assessment is underway to review the proposed open-pit mine. It contains a measured and indicated resource of 1.43-billion tonnes of nickel at 0.24 per cent.
