29 May 2023
Toronto, May 29th, 2023 – Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI) is pleased to announce it has completed its spring diamond drilling program on ice consisting of 6,151 metres in 21 holes for its 100% owned Ferguson Lake base metal (nickel, copper, cobalt) and platinum group metal (“PGM”, mainly palladium and platinum, project in Nunavut, Canada.
The purpose of the spring on-ice program was to test the main mineralized horizon trending across Ferguson Lake with the focus of completing definition drilling of the East Zone 1 and extending it to the west plus, as well, extending the West Zone further to the East to join it to the Central Zone in the lake.
“The drill program intersected massive sulphides (Figure 1) of the main horizon in 17 out of the 21 holes and successfully intersected a second parallel trending disseminated sulphide zone approximately 200 metres south of the Central Zone.” Said Dr. Trevor Boyd, the Vice President of Exploration, “This encouraging second zone has been identified as a separate target from the compilation and re-plotting of an interpreted historic airborne VTEM conductor. It will be followed up with additional drill testing during the summer using a nearby island as a platform. “