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Nican Ltd. ( (TSE:NICN) ) has provided an announcement.
NiCAN Limited has commenced a Phase I Reconnaissance Exploration Program at its Pipy South Project in the Thompson Nickel Belt, Manitoba. The program includes diamond drilling and geophysical surveys to assess nickel mineralization potential. The exploration focuses on historical drill sites where nickel sulphides were previously identified, with plans to confirm and extend these findings using modern downhole electromagnetic technology. This initiative marks the first drilling in this area in 50 years, aiming to enhance NiCAN’s position in the nickel mining sector and potentially benefit stakeholders by uncovering new nickel resources.
More about Nican Ltd.
NiCAN Limited operates in the mining industry, focusing on the exploration and development of nickel deposits. The company is engaged in projects within the Thompson Nickel Belt in Manitoba, which is known for its rich nickel mineralization. NiCAN collaborates with local communities, such as the Nisichawayasihk Cree Nation, to advance its exploration activities.
Average Trading Volume: 101,669
Technical Sentiment Signal: Sell
Current Market Cap: C$4.47M
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