Key facts
| Company | NiCan Ltd (TSXV: NICN) |
|---|---|
| Commodity | Nickel |
| Location | Canada |
| Stage | Early exploration |
About Pipy Project
The Pipy Project is located 15 kilometres north of the world class Thompson nickel deposit. The claims cover the same geological horizon within Pipe Formation that hosts the Thompson nickel mineralization, and the horizon can be traced for over 14 kilometres wrapped around a folded structure at Pipy.
News releases15 on file
NiCAN Confirms Horseshoe Gold Zone Extends Beyond 400-Metre in Strike and Points to a Significantly Larger Opportunity to the South at Pipy Property, Thompson, Manitoba
A 16-hole, 2,395-metre spring diamond drill program at the Pipy South Property in Manitoba's Thompson Nickel Belt extended the Horseshoe Gold Zone by over 400 metres of strike, with the zone open in all directions. Results include 75.0 metres of 0.65 g/t Au and 11.55 g/t Ag in PG26-06 (28.30 m of 1.05 g/t Au), 30 metres of 0.90 g/t Au in PG26-07 including 2.0 m at 8.01 g/t Au, and 29.0 m of 0.77 g
Drill resultsNiCAN Intersects Broad Zones of Gold Mineralization at Pipy South, Thompson, Manit...
Assays from the first seven holes of a 16-hole, 2,395-metre diamond drill program at the Pipy South Property near Thompson, Manitoba returned 75.0 metres of 0.65 g/t gold and 11.55 g/t silver in PG26-06, 30 metres of 0.90 g/t gold in PG26-07 including 2.0 metres of 8.01 g/t gold, and 29.0 metres of 0.77 g/t gold and 12.83 g/t silver in PG26-05. The Horseshoe Gold zone extends at least 400 metres a
Drill resultsNican Intersects Broad Zones Of Gold Mineralization At Pipy South Thompson Manitoba 75M At 065Gt Gold And 30M At 09Gt Gold Including 2M Of 8Gt Gold Expands Pipy South Land Position To 65Km2
Assays from the first seven holes of a 16-hole, 2,395-metre diamond drill program at the Pipy South Property near Thompson, Manitoba returned 0.65 g/t Au and 11.55 g/t Ag over 75.0 metres in PG26-06, 0.77 g/t Au and 12.83 g/t Ag over 29.0 metres in PG26-05, and 30 metres of 0.90 g/t Au in PG26-07, including 2.0 metres at 8.01 g/t Au. The Horseshoe Gold zone extends at least 400 m along strike, and
Drill resultsNiCAN Commences Follow-Up Drilling at Pipy South Property in Thompson Manitoba
Diamond drilling has begun at the Pipy South Property in Manitoba's Thompson Nickel Belt, with approximately 2,500 metres planned across 12-15 holes to expand the gold discovery and nickel-bearing massive sulphides intersected in the 2025 program. Follow-up drilling will test the 2025 nickel intersection of 1.45 metres averaging 1.53% Ni at depth and along strike, where a coincident TDEM anomaly h
Drill resultsNiCAN Triples its Land Position at Pipy South Property in Thompson Manitoba
Thirteen adjacent claims covering approximately 30.5 km² have been added at the Pipy South Project in Thompson, Manitoba, bringing the total land package to 45.75 km², following near-surface gold discovery reported February 9 and February 18, 2026. The new claims cover an interpreted anticlinal structure 10.0 km long and 3.0 km wide with multiple magnetic horizons from inferred iron formations. A
NewsNiCAN - Additional Assays from New Near Surface Gold Discovery in Thompson Manitob...
Drilling at the Pipy South property in Manitoba's Thompson Nickel Belt returned 19.45 m averaging 1.00 g/t Au and 12.2 g/t Ag in hole PIPY25-08, including 5.00 m of 2.17 g/t Au, 28.7 g/t Ag and 2.07% Pb. Hole PIPY25-04 returned 27.60 m of 1.25 g/t Au and 12.5 g/t Ag, and PIPY25-07 returned 4.00 m of 1.25 g/t Au. Four shallow holes were completed in late 2025; a geophysical program has begun and fo
Drill resultsNiCAN Intersects 1.54% Nickel over 1.45 Meters on the Pipy South Project, Thompson...
Phase I reconnaissance drilling at the Pipy South Project in Manitoba's Thompson Nickel Belt intersected massive sulphides grading 1.54% nickel, 0.17% copper and 0.064% cobalt over 1.45 metres at 60 metres below surface in hole PIPY25-06. Downhole and surface electromagnetic surveys show conductivity over 400 metres, open along strike and up- and down-dip, with prospective Pipe Formation stratigra
Drill resultsNiCAN Confirms New Gold Discovery in Thompson Manitoba, Intersecting 27.6 Meters ...
Drill hole PIPY25-04 at the Pipy South Project in Manitoba's Thompson Nickel Belt returned 27.6 m of 1.25 g/t gold and 12.5 g/t silver from 20.4 m downhole, including 14.3 m of 2.14 g/t gold and 19.8 g/t silver. Hole PIPY25-05 returned 9.5 m of 0.65 g/t gold and 8.4 g/t silver. Four shallow holes were drilled in late 2025 to confirm historical hole 17BN01; assays for PIPY25-07 and PIPY25-08 are pe
Drill resultsNiCAN Identifies Gold Target at Pipy South Project, Thompson, Manitoba
A gold target has been identified on a recently acquired claim adjacent to the Pipy South Property in Manitoba's Thompson Nickel Belt, based on a historical 2017 drill hole (17BN01) that returned 6.63 g/t Au and 10.13 g/t Ag over 5.6 m within a near-surface zone averaging 1.20 g/t Au and 5.90 g/t Ag over 47.0 m. NiCAN has since drilled four holes near the intercept, with assays pending, and plans
Drill resultsNiCAN Intersects Nickel Bearing Massive Sulphides on the Pipy South Project, Thom...
Drill hole PIPY25-06 at the Pipy South Nickel Project near Thompson, Manitoba intersected 1.45 m of nickel bearing massive sulphides at 60 m below surface within the Pipe Formation, 20 km north of the Thompson Nickel Mine; assays are pending. Nine diamond drill holes totalling 1,264 m have been completed to date, with four other holes cutting Pipe Formation but no significant massive sulphides. Do
Drill resultsNiCAN Commences Drilling on the Pipy South Project in Thompson Nickel Belt, Manitoba
Diamond drilling has begun at the Pipy South project in the Thompson Nickel Belt, Manitoba, under a Phase I Reconnaissance Exploration Program permitted through NiCAN's Exploration Agreement with Nisichawayasihk Cree Nation. Drilling will initially test two priority targets where INCO holes in 1969 and 1967 reported 8.2 metres of disseminated sulphides and 4.39 metres and 1.3 metres of mineral bre
Drill resultsNiCAN Updates Exploration Plans for its Pipy South Project in Thompson, Manitoba
A fully permitted Phase I exploration program, including diamond drilling and geophysical surveys, is planned at the Pipy South Project in the Thompson Nickel Belt, Manitoba, targeting two areas where 1967–1969 INCO drilling reported intervals such as 8.2 metres of disseminated sulphides and 4.39 metres of mineral zone breccia, with no assays in the historical logs. NiCAN has identified 21 histori
Drill resultsNiCAN Receives Work Permit for Maiden Drill Program at Pipy South Nickel Project ...
A work permit has been received for an initial exploration program, including diamond drilling, at the Pipy South Project in the Thompson area of Manitoba, with exploration plans being finalized and no drilling conducted on the property in the last 50 years. The Pipy Properties comprise Pipy South, Pipy North and Pipy West, totaling 39.1 km2. Pipy South, about 12 km northeast of Thompson, has 71 h
CorporateNiCAN and Nisichawayasihk Cree Nation Sign Exploration Agreement for the Pipy Pro...
An Exploration Agreement has been signed with Nisichawayasihk Cree Nation covering the Pipy Project in Thompson, Manitoba, which lies within NCN's Traditional and Ancestral Territory. The framework sets out how the parties will work together on exploration, including environmental monitoring protocols and potential business relationships and training. Having completed Heritage Resources screening,
CorporateNiCAN Doubles Land Position at the Pipy Project in Thompson, Manitoba
The land position at the Pipy Project on the Thompson Nickel Belt in Manitoba has been doubled to over 24 km², with new Pipy North claims covering 11.84 km² and contiguous with Vale's property to the south. Pipy North covers stratigraphy over a folded strike length of 6 km, 28 km northeast of the Thompson T1 and T3 deposits, and has seen 1,720 metres of historical drilling in nine INCO holes (1967
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