# NiCAN Defines Several New Target Areas at The Wine Project in Manitoba Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291 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: 2026-09-14 15:37:33 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary NiCAN has identified several new target areas at the Wine Nickel-Copper Project in Manitoba using TDEM and Beep Mat geophysical surveys. The company also reported that drill hole Wine 24-2 provided the deepest intersection to date at the Wine Occurrence, extending the Upper and Main Zones. Reasoning: The release reports a significant down-plunge extension of the Wine Occurrence with new geophysical targets, though the primary drill results are restatements of recent 2024 drilling. - Positive factor: down-plunge extension of high-grade zones - Positive factor: new geophysical targets identified - Positive factor: deepest intersection to date at Wine Occurrence 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 **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The release describes Wine 24-2 as providing the deepest and most southern intersection to date, representing a down-plunge extension. Evidence · text > returned the deepest and most southern intersection to date at the Wine Occurrence ## 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-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291#fact-drill-facts-0) Wine · nickel #### Identity - Hole ID: Wine 24-2 - Project: Wine - Commodity: nickel - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.77 - Grade Unit: % - Intercept: 6.5 m - From: 76.5 m - To: 83 m - Intercept Depth: 76.5 m #### Classification - Sample Type: drill - Group ID: Wine 24-2:76.5-83 #### Location - Location: Upper Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.77 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: High-grade NiEq intercept representing a down-plunge extension. - Positive factor: deepest intersection to date - Positive factor: extends high-grade zone Evidence · text > Wine 24-2 ... returning 1.77% NiEq over 6.5 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Wine 24-2 [Link to this fact](https://atlas-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291#fact-drill-facts-1) Wine · nickel #### Identity - Hole ID: Wine 24-2 - Project: Wine - Commodity: nickel - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 0.82 - Grade Unit: % - Intercept: 17.5 m - From: 87 m - To: 104.5 m - Intercept Depth: 87 m #### Classification - Sample Type: drill - Group ID: Wine 24-2:87-104.5 #### Location - Location: Upper Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 0.82 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2024-10-29T00:00:00.000Z Reasoning: Solid width intercept in the Main Zone. - Positive factor: significant width Evidence · text > the Main Zone at a downhole depth of 87.0 meters ... returning 0.82% NiEq over 17.5 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Wine 24-1A [Link to this fact](https://atlas-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291#fact-drill-facts-2) Wine · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 24-1A - Project: Wine - Commodity: nickel - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.89 - Grade Unit: % - Intercept: 3.7 m - From: 0 m - To: 3.7 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: Wine 24-1A:0-3.7 #### Location - Location: Upper Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.89 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### 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: This is a restatement of results from the May 6, 2024 release. - Negative factor: re-stated result Evidence · text > Wine 24-1A returning 3.7 meters averaging 1.89% NiEq \(See NiCAN press release of May 6, 2024 \) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Wine 22-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291#fact-drill-facts-3) Wine · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 22-3 - Project: Wine - Commodity: nickel - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 2.22 - Grade Unit: % - Intercept: 8.6 m - From: 66.6 m - To: 75.2 m - Intercept Depth: 66.6 m #### Classification - Sample Type: drill - Group ID: Wine 22-3:66.6-75.2 #### Location - Location: Upper Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 2.22 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### 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: Historical result from 2022. - Negative factor: historical data Evidence · text > Wine 22-3 which returned 8.6 meters averaging 2.22% NiEq from 66.6 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Wine 22-3 [Link to this fact](https://atlas-extractions.minestarters.com/news/nican-defines-several-new-target-areas-at-the-wine-project-in-manitoba--99e01b7e-94e9-4dc2-9358-742e456b4291#fact-drill-facts-4) Wine · nickel Historical result Needs review: historical\_restatement #### Identity - Hole ID: Wine 22-3 - Project: Wine - Commodity: nickel - Region: canada\_mb - Reported Region: canada\_mb - Ticker: NICN #### Geometry - Grade: 1.53 - Grade Unit: % - Intercept: 1.8 m - From: 79.5 m - To: 81.3 m - Intercept Depth: 79.5 m #### Classification - Sample Type: drill - Group ID: Wine 22-3:79.5-81.3 #### Location - Location: Upper Zone - Loc. Source: document #### QA/QC - QP Signed: Yes #### Metal Equivalent - Metal Eq. Grade: 1.53 - Metal Eq. Unit: % NiEq - Assumptions Disclosed: Yes #### 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: Historical result from 2022. - Negative factor: historical data Evidence · text > 1.8 meters at an average grade 1.53% NiEq from 79.5 \(See NiCAN press release of November 9, 2022 \) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## 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.