Last C$0.20 CAD
Change Today +0.035 / 21.21%
Volume 30.6K
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canickel mining ltd (CML) Snapshot

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12/31/13 - C$0.31
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10/18/13 - C$0.06
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canickel mining ltd (CML) Details

CaNickel Mining Limited, a junior mining company, focuses on the exploration, extraction, and processing of nickel-containing ore properties in Canada. The company holds a 100% interest in the Bucko Lake Mine located near Wabowden, Manitoba. It also holds interests in nickel, copper, and platinum group mineral projects in the Thompson Nickel Belts, Manitoba; and an interest in AER-Kidd Property, a 280 hectare nickel project located in Sudbury, Ontario. The company was formerly known as Crowflight Minerals Inc. and changed its name to CaNickel Mining Limited in June 2011. CaNickel Mining Limited was founded in 1937 and is headquartered in Vancouver, Canada.

Founded in 1937

canickel mining ltd (CML) Top Compensated Officers

Chairman, Interim Chief Executive Officer, Ch...
Total Annual Compensation: --
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$165.0K
Compensation as of Fiscal Year 2012.

canickel mining ltd (CML) Key Developments

Canickel Mining, Ltd. Auditor Raises 'Going Concern' Doubt

Canickel Mining, Ltd. filed its Annual on Mar 27, 2014 for the period ending Dec 31, 2013. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

CaNickel Mining, Ltd. Announces Board Changes

CaNickel Mining Ltd. reported that subject to regulatory approval, Mr. Kevin Zhu is appointed to the Board of Directors of CaNickel. He currently is the principle consultant and a director of CMS Consulting Limited. He joined CaNickel in 2010 and resigned from the Board and as interim CEO of CaNickel in 2011 due to family reasons. Prior to joining CaNickel, he worked at Continental Minerals Corporation for two years as project manager of Xietongmen project, two years with Eldorado Gold Corporation as senior mining engineer and chief engineer at Tanjianshan mine, and six years with Sino Gold Limited as senior manager at JCL gold mine and White Mountain project. Mr. Myles Gao has resigned from the Board of Directors of CaNickel for personal reasons.

Canickel Mining, Ltd. Announces Results from 2013 Winter Drilling Program at Bucko North Property

Canickel Mining, Ltd. announced results from its 2013 winter drilling program at the company's Bucko North Property, located immediately to the north of the company's Bucko Lake Mine, Thompson Nickel Belt, Manitoba. A total of 8,682 metres were drilled in 17 surface diamond drill holes, which included the analysis of 1,033 drill core samples (including 41 QA/QC samples). The interpreted northern extension of the Bucko Lake ultramafic sill, host to high-grade nickel sulphide mineralization at the Bucko Lake Mine, was intersected in 14 of the 17 holes, with individual ultramafic intersections ranging from 0.3 to 113 metres in core length. Highlight Intersections from the drill holes include: Hole BK13-13 intersected 27 metres grading 1.05% nickel; Hole BK13-8 intersected three separated zones including 6 metres grading 1.04% nickel, 6.4 m grading 1.28% nickel, and 3 metres grading 1.41% nickel. Detailed exploration results: Drill hole BK13-13 was designed to test the potential for additional nickel mineralization immediately outside the current Bucko Lake Mine mineral resource. At a down hole depth of 644 metres, approximately 200 metres vertically below the 305 metre (1000 foot) level of the Bucko Lake Mine at the edge of the current mineral resource, drill hole BK13-13 intersected a 113 metre core width zone of ultramafic peridotite including a zone of nickel sulphide mineralization grading 1.05% Ni over 27 m between a down hole depth of 706 and 733 metres. Drill hole BK13-08 collared 500 metres north of the Hinge Zone of the Bucko Lake Mine intersected three separate zones of ultramafic peridotite and nickel sulphide mineralization over a distance of 42.4 metres down hole. The three zones of mineralization returned grades of 1.04% nickel over 6 metres between 351.35 and 357.35 metres; 1.28% nickel over 6.40 metres between 373.70 and 380.10 metres; and 1.41% nickel over 3 metres between 390.75 and 393.75 metres, respectively. Drill holes BK13-1, BK13-2, BK13-4, BK13-5, and BK-13-10, designed to provide a series of wide-spaced drill intersects of the Bucko North ultramafic sill each returned peridotite intersections ranging from 12.54 to 95.3 metres associated with consistently anomalous low-grade nickel mineralization.


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