# NiCAN Defines Several New Target Areas at The Wine Project in Manitoba Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b Original source: https://money.tmx.com/en/quote/NICN/news/4521283567432324/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba Publisher: tmx Original announcement: 2024-10-29T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: NiCAN Limited - Ticker: NICN - Exchange: TSX - Region: Manitoba - Primary commodity: Nickel - Secondary commodities: Copper - Document categories: Drill results, Other - Extracted: 2026-08-22 03:44:34 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NiCAN has identified several new untested target areas at the Wine Nickel-Copper Project in Manitoba using TDEM and Beep Mat geophysical surveys. The company is designing a drill program to test these targets and extend known mineralization. Reasoning: The release highlights new geophysical targets and restates recent high-grade drill results to provide context for upcoming exploration. - Positive factor: New geophysical targets identified - Positive factor: Deepest intersection to date at Wine Occurrence - Positive factor: Analogies to Lynn Lake deposits Facts used in scoring: 5 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release mentions a Qualified Person \(Mr. Bill Nielsen, P.Geo\) has reviewed and approved the technical information. Evidence · text > Qualified Person Mr. Bill Nielsen , P.Geo... has reviewed and approved the scientific and technical information **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The company highlights analogies to the historical Lynn Lake nickel deposits to support its exploration premise. Evidence · text > Analogies to Historical Lynn Lake Nickel Deposits ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### Wine 24-2 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b#fact-drill-facts-0) Wine Nickel-Copper Project · nickel #### Identity - Hole ID: Wine 24-2 - Project: Wine Nickel-Copper Project - Commodity: nickel - Region: canada\_mb - Reported Region: Manitoba - Ticker: NICN #### Geometry - Grade: 1.77 - Grade Unit: % NiEq - Intercept: 6.5 m - From: 67 m - To: 73.5 m #### Classification - Sample Type: drill - Group ID: Wine 24-2:67.0-73.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: 1.77% NiEq over 6.5m is a strong intersection for this project type. - Positive factor: Deepest intersection to date Evidence · text > Wine 24-2... returning 1.77% NiEq over 6.5 meters ### Wine 24-2 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b#fact-drill-facts-1) Wine Nickel-Copper Project · nickel #### Identity - Hole ID: Wine 24-2 - Project: Wine Nickel-Copper Project - Commodity: nickel - Region: canada\_mb - Reported Region: Manitoba - Ticker: NICN #### Geometry - Grade: 0.82 - Grade Unit: % NiEq - Intercept: 17.5 m - From: 73 m - To: 90.5 m #### Classification - Sample Type: drill - Group ID: Wine 24-2:73.0-90.5 #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: 0.82% NiEq over 17.5m provides good tonnage/width. - Positive factor: Significant width Evidence · text > Main Zone at a downhole depth of 87.0 meters... returning 0.82% NiEq over 17.5 meters ### Wine 24-1A [Link to this fact](https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b#fact-drill-facts-2) Wine Nickel-Copper Project · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 24-1A - Project: Wine Nickel-Copper Project - Commodity: nickel - Region: canada\_mb - Reported Region: Manitoba - Ticker: NICN #### Geometry - Grade: 1.89 - Grade Unit: % NiEq - Intercept: 3.7 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2024-05-06T00:00:00.000Z #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: Restatement of May 6, 2024 results. - Positive factor: High grade - Negative factor: Historical restatement Evidence · text > Wine 24-1A returning 3.7 meters averaging 1.89% NiEq ### Wine 22-3 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b#fact-drill-facts-3) Wine Nickel-Copper Project · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 22-3 - Project: Wine Nickel-Copper Project - Commodity: nickel - Region: canada\_mb - Reported Region: Manitoba - Ticker: NICN #### Geometry - Grade: 2.22 - Grade Unit: % NiEq - Intercept: 8.6 m - From: 66.6 m - To: 75.2 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-11-09T00:00:00.000Z #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: Restatement of November 9, 2022 results. - Positive factor: High grade - Negative factor: Historical restatement Evidence · text > Wine 22-3 which returned 8.6 meters averaging 2.22% NiEq from 66.6 ### Wine 22-3 [Link to this fact](https://atlas-staging.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--6ee06894-872d-437c-ae3b-52186a3ef82b#fact-drill-facts-4) Wine Nickel-Copper Project · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 22-3 - Project: Wine Nickel-Copper Project - Commodity: nickel - Region: canada\_mb - Reported Region: Manitoba - Ticker: NICN #### Geometry - Grade: 1.53 - Grade Unit: % NiEq - Intercept: 1.8 m - From: 79.5 m - To: 81.3 m #### Classification - Sample Type: drill #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2022-11-09T00:00:00.000Z #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: Restatement of November 9, 2022 results. - Negative factor: Historical restatement Evidence · text > 1.8 meters at an average grade 1.53% NiEq from 79.5 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.