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Below is our recent interview with Brad Humphrey, Chief Executive Officer & Director at NiCAN:
Q: Could you provide our readers with a brief introduction to your company?
A: NiCAN is an exploration company listed on the TSXv under the symbol NICN. The company is primarily focused on two Nickel Sulphide projects in Manitoba Canada. The first is the Wine Project located in the Snow Lake/Flin Flon area. NiCAN just completed its second phase of drilling at Wine and to date this project has returned impressive near surface high grade results such as 27.3 meters at 2.01% Ni and 1.81% Cu (2.28% NiEq), and 23.5 meters at 1.59% Ni and 1.76% Cu, (1.91% NiEq). The second project is Pipy, next to the Vale Thompson Nickel Mine. NiCAN has submitted an application for drilling and once received, plans to start its first phase of drilling.
Q: Any highlights on your recent drill results?
A: NiCAN is very pleased with the recent drill results from the Wine project. This Phase II program not only returned multiple zones of high-grade nickel, but also indicated that the two middle zones have merged into one larger zone as it strikes to the north. Highlights from these results include drill hole Wine 23-16 which intersected four zones of mineralization including 12.6 meters at 1.52% Ni and 2.01% Cu (1.93% NiEq) and drill hole Wine 23-17 which intersected three zones of mineralization including 23.5 meters at 1.59% Ni and 1.76% Cu, (1.91% NiEq).
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Q: Can you give us more insights into your offering?
A: Although NiCAN is a new nickel focused exploration company, being public for less than a year, it has already accumulated two highly prospective projects in stable jurisdictions and is already returning very impressive drill results. NiCAN offers investors an attractive risk reward with considerable upside at both assets and roughly C$3.0 million in cash but is currently trading at a market cap of just under C$5 million.
Q: What can we expect from your company in next 6 months? What are your plans?
A: At the Wine project, NiCAN expects to complete ground and downhole geophysics as well as a geochemical survey, which along with its recent drill results will be incorporated into the project’s geological model and will drive our next phase of drill targets.
At Pipy, NiCAN has submitted an application for drilling. Once that is in hand the company plans to start its Pipy Phase I program.
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Q: What is the best thing about your company that people might not know about?
- A: Experienced management team and Board of Directors
- Two highly prospective assets in stable mining jurisdictions with existing infrastructure
- Already reporting impressive results from initial drill programs
- Roughly C$3 million in cash
- Market cap of less than C$5 million
