Core Nickel Corp. (CSE: CNCO) (“Core Nickel” or the “Company”) is pleased to announce that it has received the second tranche of $69,100 as nonrepayable funding from the Manitoba Mineral Development Fund (the “MMDF”) on June 19, 2024. As released February 26, 2024, the total grant awarded to the Company from the MMDF is $207,000. The Company has already received a total of $138,200 from the MMDF and anticipates receiving the final tranche of $69,100 upon the successful completion of its proposed summer exploration program on the Halfway Lake and Resting Lake properties.
The Company’s 2024 winter program involved a diamond drilling program on the Halfway Lake property, with a total of 797.45 meters drilled into the Historical W62 zone, resulting in an intersecting 0.37% nickel over 91.05 meters. For further details on the results from the Company’s Halfway Lake drilling campaign, access SEDAR+ or visit the Company’s website here.
Looking ahead, the Company plans to conduct airborne VTEM surveys on Halfway Lake and Resting Lake in early July 2024.
MMDF is a $20M provincial fund administered by the Manitoba Chambers of Commerce that provides funding to strategic economic development projects in northern Manitoba.
Misty Urbatsch, President and CEO of Core Nickel Corp. commented “Core Nickel sincerely appreciates the ongoing support from the MMDF and the Manitoba Chamber of Commerce. We have had a successful first six months operating as a company in Manitoba, in part due to the support from MMDF. The MMDF contributions have allowed us to increase employment of local talent from the Wabowden area and establish invaluable relationships within the community.”
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