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NiCAN Identifies Gold Target at Pipy South Project, Thompson, Manitoba

Newswire.ca - Tue Jan 27, 6:00AM CST

TORONTO, Jan. 27, 2026 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) (OTCQB: NILTF) (FRA: W8Y) has identified a high priority gold target on its recently acquired claim located adjacent to the Pipy South Property (Figure 1). A historical diamond drill hole returned 6.63g/t Au and 10.13g/t Ag over 5.6 metres (m) within a wider, near-surface zone of mineralization that averages 1.20g/t Au and 5.90g/t Ag over 47.0m. The orientation and true width of the gold bearing intersection are currently unknown and will be determined by future drilling.

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