Canadian North Resources
With high-grade and large mineral resources and significant expansion potential for nickel, copper, cobalt, palladium, and platinum that are used increasingly in the clean-energy and high-tech industries worldwide.
Canadian North Resources Inc. (CNRI) is a Canadian mining company at late-stage exploration and development of a mining property, the Ferguson Lake Project, in the Kivalliq Region of Nunavut, Canada. The Company owns 100% of the Ferguson Lake Project that has abundant base metals (copper-nickel-cobalt) and platinum-group metals (palladium, platinum, and rhodium) mineral resources.
Ferguson Lake Project has substantial indicated/inferred mineral resources*
Over 71 million tonnes containing substantial resources of copper (1,402 million pounds, Mlb), nickel (872, Mlb), cobalt (99.9 Mlb), palladium (3.20 million ounces, Moz), and platinum (0.56 Moz)
The project site includes a 825 meter long by 30 meter wide airstrip, 55 person all-year camp, and infrastructure with operational field/ heavy equipment
C$150 million being spent on ground with >200,000 meters diamond drilling in >650 holes
Source: Canadian North Resources Inc. June 13, 2022, “Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada” filed on SEDAR.
Canadian North Resources Inc. – Mission Statement: Building value and trust in an emerging Canadian mining district.
Sustainability – Environmental, Social, & Governance (ESG)
Hole FL05-237: 103.7m
1.29%-Cu, 0.73%-Ni, 0.08%-Co, 1.94g/t Pd, 0.38g/t Pt *
Two massive sulfide zones drilled on grid for resource definition
Hole FL06-261: 75.9m
0.93%-Cu, 0.49%-Ni, 0.06%-Co, 1.21g/t Pd, 0.28g/t Pt *
Magmatic Cu-Ni-Co sulfides with high-grade PGM
Hole FL01-84: 46.9m
1.1%-Cu, 0.64%-Ni, 0.07%-Co, 1.60g/t Pd, 0.29g/t Pt *
Greater than ten sulfide zones with numerous target sites