NiCAN Expands Gold Mineralization at Pipy South with Broad Zones of Discovery — NiCAN Limited

Event summary

NiCAN's diamond drill program at Pipy South intersected 75m at 0.65g/t gold and 30m at 0.9g/t gold, including a high-grade zone of 2m at 8g/t gold.
The Horseshoe Gold zone extends at least 400m along strike, confirming the scale of the system.
NiCAN expanded its land position at Pipy South to 65.2km², identifying a larger, structurally similar feature to the south.
Assay results from the remaining nine drill holes are expected in the near term.

The big picture

NiCAN's latest drill results at Pipy South highlight the growing potential of the Horseshoe Gold Zone, which extends along a significant strike length. The discovery of a larger, structurally similar feature to the south expands the exploration horizon and underscores the strategic importance of the Pipy South property in Manitoba's well-established Thompson Nickel Belt. The company's ability to define and develop these targets will be critical in assessing the long-term value of the project.

What we're watching

Resource Expansion: Whether the remaining drill results will further extend the mineralized zones and enhance the resource potential of Pipy South.
Geological Interpretation: How the geological understanding of the Horseshoe Gold Zone will guide future exploration and targeting at Pipy South.
Exploration Strategy: The pace at which NiCAN can advance the larger, structurally similar feature identified to the south of the Horseshoe Gold Zone.