Greenland explorer tearing it up

Punters kicked North American Nickel (CVE:NAN) more than 7% higher on Tuesday after the Greenland-focused explorer announced new assays from the Spotty Hill prospect at the Imiak Hill discovery, part of its Maniitsoq property in coastal southwest Greenland.
Just under 400,000 shares in North American Nickel had changed hands by early afternoon, more than double the usual daily volume. North American Nickel, which also owns properties in Ontario belt, is worth $37.4 million. Like its peers North American Nickel has found 2014 tough going and the counter is 12% year to date.

The Vancouver-based company owns 100% of the copper-nickel-cobalt and platinum group metals project and has $7 million in the bank to advance Maniitsoq, the largest exploration property ever granted in Greenland covering a whopping 3,601 km2 square kilometers.

Maniitsoq is adjacent to tide water that is navigable year-round. The capital of Nuuk is 45 minutes by helicopter and 3.5 to 4 hours by boat.

 

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