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Mel Project

North Thompson

Core Nickel’s North Thompson properties consist of a contiguous land package with over17,000 ha of land containing ample strike length of the target Pipe Formation Pelites associated with several known intersections on the properties, including hosting the Mel Deposit. Overburden on the northern properties is approximately 19 metres on average, and all properties are strategically located about 20 km from the Thompson Mine and are proximal to highways and other infrastructures.

Mel Project Location

  • Mel is 100% owned by Core Nickel.
  • The project consists of one mineral lease and ten mineral claims covering 2,613 ha.
  • Mel is strategically located 20 km north of Thompson, Manitoba.
  • The Mel deposit and property is subject to a Vale 10% nets profit royalty. The Mel deposit contains a milling agreement with Vale at cash cost plus 5%.

History

1954-1971

Explored by several companies including Canadian Nickel Co. Ltd (a wholly owned subsidiary of INCO) that led to the discovery of the Mel Deposit in 1961

1997-2004

Explored predominantly under the INCO/ Nuinsco Resources (Victory Nickel) mostly focused on the Mel deposit, with a minor focus on exploration outside of the deposit

2007-2012

Victory Nickel acquired the property in 2007 and completed a resource estimate on the Mel deposit along with additional drilling

2023

CanAlaska Uranium acquired the Mel deposit and claims and included the property in the Core Nickel Spinout

Project Potential

  • The potential for deposit expansion of Mel is significant
  • There are very few exploration holes drilled on Mel claims due to majority of drilling focused on the immediate Mel deposit area.
  • Likely deposit types on the Mel property are Thompson and Birchtree type

Future Work

  • Mel data compilation and core review to prepare for future exploration programs

Mel Deposit

The Mel Deposit was discovered in 1961 by Canadian Nickel Company Ltd. (a wholly owned subsidiary of Inco). Exploration activity ceased in 1971 with the advent of exploration-prohibitive legislation. The region became dormant until 1999, when Inco staked the Mel Claims and continued exploration under a JV with Victory Nickel Inc. In 2007, Victory Nickel contracted Wardrop (Naccashian, 2007) to complete an NI-43-101 report, now deemed historical, on the Mel Deposit. Naccashian (2007) recommended further drilling along the strike of the Mel deposit to increase the tonnage estimates, and additional drilling on Mel potentially claims to explore the prolific Pipe Formation Pelits further.

Head Office

Core Nickel Corp.
Suite 204, 75-24th Street East Saskatoon, Sk S7K 0K3

306-668-6927

[email protected]

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