On Friday, North American Nickel Inc. (TSXV:NAN) announced an 18.62 meter interval with heavy sulfides at the Imiak Hill target at the Maniitsoq project in southwestern Greenland.

Assays from the drill intercept are still 3-4 weeks away, NAN CEO Rick Mark tells me, however a photo of the drill core embedded in the press release has investors excited. Shares in the Vancouver-based junior explorer were .32 p/s at press time, representing an approx. 75% gain since Thursday.

Fig 1 Core Photo Draft 2 Low Res_thumb

Word on the street is that the drill core from Maniitsoq bears a strong resemblance to what one would see at Voiseys Bay, the project Robert Friedland's Diamondfields' sold to Inco in 1995 for $4.3 billion (Read: The Big Score).

It is far too early to tell if the Maniitsoq project will have the scale required to justify building a mine on Greendland, however the company should be able to use the excitement generated by Friday's release to raise more capital to explore the property.

One of the biggest challenges associated with delineating an economic deposit on Maniitsoq, if their even is one, is its sheer remoteness, meaning it will be very expensive to drill.

Read: NAN - Significant Near Solid to Solid Sulphide Mineralization Intersected