New nickel estimates from two deposits boost company’s resource count in northeastern Ontario<\/p>\n
Canada Nickel has amassed almost four\u00a0billion tonnes in nickel resources in the ground around Timmins.<\/p>\n
Just before Christmas, the Toronto multi-mine developer published mineral resources for more two deposits, Midlothian and Bannockburn, both situated south of the city.<\/p>\n
Like Canada Nickel\u2019s other properties in the area, including its flagship Crawford project, the Midlothian and Bannockburn\u00a0projects are shaping up to be low-grade, big-tonnage type of nickel deposits.<\/p>\n
To date, Canada Nickel has posted resource estimates on eight of its nine properties in the region.<\/p>\n
That amounts to 3.98 billion tonnes of 0.24 per cent nickel in the measured and Indicated resources, for a total of 9.4 million tonnes of nickel metal. There\u2019s an inferred resource of 4.95 billion tonnes of 0.23 per cent nickel, for a total of 11.5 million tonnes of contained nickel metal.<\/p>\n
The difference between indicated and inferred resources is the degree of confidence in the amount of minerals in the ground, with indicated being the higher category and inferred being the lower.<\/p>\n
Midlothian and Bannockburn are situated some 60 kilometres south of Timmins and west of Matachewan and Alamos Gold\u2019s Young-Davidson mine.<\/p>\n
Midlothian contains an inferred resource of 595 million tonnes grading 0.28 per cent nickel, for a total of 1.68 million tonnes of contained nickel. The company has.been drilling on the property since 2023.<\/p>\n
Bannockburn serves up an indicated resources of 63 million tonnes grading 0.28 per cent nickel, for a total of 0.18 million tonnes of contained nickel and inferred resource of 129 million tonnes grading 0.27 per cent nickel, for a total of 0.34 million tonnes of contained nickel.<\/p>\n
Another resource estimate for a ninth deposit, the Nesbitt project, north of Timmins, is coming up\u00a0sometime in the first quarter of 2026.<\/p>\n