Core Nickel Corp. (CSE: CNCO) (“Core Nickel” or the “Company”) is pleased to announce the start of drilling as part of the ~$2 million 2025 exploration program on the Company’s 100%-owned Halfway Lake project (the “Project”) in the Thompson Nickel Belt, Manitoba. The 2025 Halfway Lake winter program will focus on drill testing 14 high-priority targets identified from the 2024 VTEM survey previously announced on November 18, 2024. The Project is strategically located 15 km from the Bucko Mill in the Thompson Nickel Belt, Manitoba (Figure 1), and the Company is fully permitted to conduct drilling on the Project until April 2026.
Figure 1 – Regional Map showing Halfway Lake Project Location
Misty Urbatsch, Chief Executive Officer, President, and Director of Core Nickel, commented, “The Halfway Lake Project is strategically located just 15 km from the Bucko Mill, benefiting from nearby infrastructure such as highways, a rail line, and a major hydroelectric transmission that powers the region with nearly 100% clean electricity. Recent work at Halfway Lake has delivered promising results, including our inaugural 2024 drill program at the W62 Zone, which intersected 91 metres of mineralization grading 0.37% nickel from just 120 metres below surface, and our 2024 VTEM survey that identified 14 high-priority targets. This upcoming drill program will build on our findings from our 2024 work, testing key targets, including one just 900 metres southwest of the Halfway Lake Deposit (historical mineral resource of 900,000 tonnes at 1.2% Ni)1 and another 150 metres north of the W62 Zone, with the remaining targets located on untested or undertested trends. This drilling program is an important step in advancing the exploration potential at Halfway Lake.“
Halfway Lake 2025 Drill Targets include:
- A target testing the extension of the conductive trend interpreted to host the Halfway Lake nickel deposit (historic estimate of 900,000 tonnes grading 1.2% nickel1), located 600 metres to the northeast of the Company’s Halfway Lake project
- A target identified 150 m to the north of the W62 Zone, where the Company focused its inaugural drill program in the winter of 2024, successfully intersecting 91 metres grading 0.37% Ni, from a vertical depth of approximately 120 metres
- Three targets which occur on 2.4 km of conductive trends that have yet to be drill tested
- Nine targets which are situated on under-explored conductor trends
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