TSX.V: CNRI www.cnresources.com
TORONTO, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (“the Company”, TSXV: CNRI, FSE:EO0, which is “E-O-zero”) is pleased to announce that the Company has added the third drill rig on its 100% owned Ferguson Lake nickel, copper, cobalt, palladium and platinum project (“the Ferguson Lake Project”) in Canada and to report its financial results for the second quarter ended June 30, 2022.
“We have made major accomplishments during the past quarter, including an updated resource estimate, completion of the first 7,400 meters of the Company’s 15,000 meter drill program in 2022 and expanded the land package at the Ferguson Lake Project to 253.8 km2 covering all the known mineralized zones and outcrops.” said Dr. Kaihui Yang, the President & CEO, “Now we have added a third drill rig (Boyle 75) with a capacity to drill down to 1,200 meter deep. This, together with the operating two rigs (Boyle 37), will allow us to expand the mineral resources from surface to the depth of 1,200 meter along the confirmed the high-grade nickel, copper, palladium and platinum mineralized zones at the Ferguson Lake Project.”
Table 1, NI43-101 Mineral Resources of the Ferguson Lake mining property
Subsequent to Quarter 2, the Company achieved the following:
For the quarter end financial statements and Management’s Discussion and Analysis, please see the Company website at www.cnresources.com or on SEDAR.
About Canadian North Resources Inc.
Canadian North Resources Inc. is an exploration and development company focusing on the metals for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project in Nunavut, Canada.
Further information please visit the website at www.cnresources.com,
Dr. Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada) 1-888-688-8809 (Toll-Free)
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
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