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The latest announcement is out from Nican Ltd. ( (TSE:NICN) ).
NiCAN Limited has announced an update on its exploration plans for the Pipy South Project in Thompson, Manitoba. The company is set to commence a Phase I Exploration Program, which includes diamond drilling and geophysical surveys to assess nickel mineralization potential. This initiative marks the first drilling activity in this area for several decades, aiming to confirm and expand upon historical findings of nickel sulphides. The exploration is strategically significant as it targets areas within the Thompson Nickel Belt known for economic nickel deposits, potentially enhancing NiCAN’s positioning in the nickel mining sector.
More about Nican Ltd.
NiCAN Limited operates in the mining industry, focusing on the exploration and development of nickel resources. The company is engaged in projects within the Thompson Nickel Belt, with a particular emphasis on the Pipy Properties in Manitoba, Canada.
Average Trading Volume: 72,120
Technical Sentiment Signal: Sell
For detailed information about NICN stock, go to TipRanks’ Stock Analysis page.