Dear North American Nickel and VMS Followers,
Following our news release sent out this morning, we wanted to share with you a research note on North American Nickel published by Haywood Securities today. Here is one paragraph from the piece:
"Nickel-Copper mineralization at Imiak Hill is hosted in noritic intrusive rocks, and is defined by three discrete, steeply dipping massive sulphide lenses that are ~30 metres wide and ~100 metres in length-each of which is open to the south and at depth. Further drilling is required to determine the size potential of the mineralized zone-in particular, whether these sub-vertical lenses are part of a larger, deep-seated ‘magma-conduit system’ synonymous with geologically similar deposit types including Voisey’s Bay in Labrador. Imiak Hill’s relationship to Imiak North and Spotty Hill (i.e., the ‘Imiak Hill Conduit Complex’) also needs to be determined. While the higher grade nickel intersections at Maniitsoq to date are not as long as those associated with the Voisey’s Bay discovery of the 1990s, the results are indicative of a potentially prolific nickel-sulphide system. More drilling is definitely warranted. In the meantime, we continue to eagerly await assay results from hole MQ-13-028, which intersected 24.8 metres of 35%-40% sulphides at Imiak Hill (~30 metres down plunge from ‘discovery’ hole MQ-13-026; see above)."
Please CLICK HERE to view the 4 page report.
Best regards,
Rick Mark
CEO
North American Nickel and VMS Ventures
VMS owns ~23.9% of NAN
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North American Gem Inc.
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EXPLORATION STAGE |
CODE : NAG.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
North American Gem is a gold and copper exploration company based in Canada. Its main exploration properties are SASKASHEWAN, KENTUCKY, RANGER LAKE, APPALACHIA, WESTERN BASIN and LOUISE LAKE in Canada. North American Gem is listed in Canada. Its market capitalisation is CA$ 956 435 as of today (US$ 957 200, € 786 340). Its stock quote reached its highest recent level on June 27, 2008 at CA$ 0.65, and its lowest recent point on August 02, 2012 at CA$ 0.01. North American Gem has 191 287 000 shares outstanding. |