Québec Nickel to Showcase High-Grade NI-CU-PGE Drill Core at VRIC on January 29-30
January 27 2023 - 6:48PM
Business Wire
Québec Nickel Corp. (CSE: QNI; FSE:
7lB; OTCQB: QNICF) (“QNI” or the
"Company") is pleased to announce the Company will be
showcasing high-grade NI-CU-PGE drill core from the Fortin Sill
Zone at the Vancouver Resource Investment Conference on January
29-30 2023. Conference attendees are invited to visit the QNI
representatives at booth 511 during the two-day event to review
some of the impressive high-grade Ni-Cu-PGE core drilled in 2022
and discuss the Company’s 2023 exploration plans.
The Québec Nickel team, along with its many contractors and
service providers, accomplished a substantial amount of work in
2022, all of which returned exciting results:
2022 Highlights
- Completion of a 1,717 line-kilometer helicopter-borne VTEMTM
survey that identified numerous electromagnetic-magnetic anomalies
across the project area
- Completion of the Company’s inaugural exploration program that
saw more than 21,000 metres drilled across the property, and is
highlighted by the high-grade Ni-Cu-PGE core intersections at the
Fortin Sill Zone including:
- 18.50 metres @ 0.44% Ni, 0.51% Cu, 193 ppm Co and 0.69 g/t
Pt-Pd-Au in hole QDG-22-09
- 9.00 metres @ 0.70% Ni, 0.79% Cu, 271 ppm Co and 1.71 g/t
Pt-Pd-Au in hole QDG-22-10
- 11.80 metres @ 1.44% Ni, 1.49% Cu, 461 ppm Co and 2.79 g/t
Pt-Pd-Au in hole QDG-22-29
- Completion of the first ever diamond drilling at the Ducros
Ultramafic Sill Complex target area confirming the occurrence of
prospective ultramafic intrusives and sulphide-bearing country
rocks
- Collection of almost 100 channel samples from the Fortin Sill
Zone discovery outcrop that expanded the previously known surface
Ni-Cu-PGE mineralization by several orders of magnitude
- Completion of a 2,054 line-kilometer airborne gravity survey
which resulted in the identification of numerous Ni-Cu-PGE drill
targets
- Flying of over 3,000 line-kilometers of detailed drone-based
magnetic surveys which greatly enhance the interpretation and
understanding of the Ducros project geology
- Collection of over 800 biogeochemical samples across the Ducros
project area that has identified multiple target areas that warrant
follow-up work
- Thin section and micro-XRF studies of Fortin Sill Zone
Ni-Cu-PGE-mineralized rocks that clearly demonstrate the
nickel-copper and PGE mineralization is hosted within sulphides and
not silicate mineralogy
- Obtaining a Re-Os age date of the sulphide mineralization at
the Fortin Sill Zone
- Refining and updating of the geological and emplacement model
of the Fortin Sill Zone Ni-Cu-PGE mineralized intrusion
Following significant results from last year’s exploration
activities, the Company successfully completed a brokered financing
at the end of 2022 which raised over $8.5 million dollars. The
proceeds of the financing will fund its 2023 exploration work
programs. In addition to receiving support and participation from
its existing shareholders, the Company acknowledges the new
participation and support from three Québec-based institutional
funds during this financing, including SIDEX L.P., Société de
Développement de la Baie-James (“SDBJ”) and the Caisse de
dépôt et placement du Québec (“CDPQ”).
Additionally, the Company reports the official launch of its
2023 winter drilling program at the Ducros property which began on
January 20th at the northern portion of the Ducros Ultramafic Sill
Complex (“DUSC”) with the start of hole QDG-23-001. There is a
second drill on the property which is expected to be active on the
multiple coincident geophysical anomalies at the southern margin of
the large Ducros Gabbro target area in the coming days (see
November 16, 2022 News Release for details).
QUALIFIED PERSON
Gary DeSchutter, M.Sc., P.Geo., Vice-President of Exploration
for Québec Nickel Corp., and a Qualified Person (“QP”) as defined
under National Instrument 43-101 (“NI 43-101”), has reviewed, and
approved the scientific and technical content of this press
release.
ABOUT QUÉBEC NICKEL CORP.
Québec Nickel Corp. is a well-financed mineral exploration
company focused on the acquisition, exploration, and development of
high grade sustainable nickel projects in Québec, Canada. The
Company has a 100% interest in the Ducros Property, consisting of
280 contiguous mining claims covering 15,147 hectares within the
eastern portion of the Abitibi Greenstone Belt in Québec, Canada.
Additional information about Québec Nickel Corp. is available at
www.quebecnickel.com.
The CSE has neither approved nor disapproved the contents of
this news release. Neither the CSE nor its Market Regulator (as
that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this
release.
CAUTIONARY AND FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed
“forward-looking statements”. All statements in this news release,
other than statements of historical facts that address events or
developments that the Company expects to occur, are forward-looking
statements. Forward-looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words “expects,” “plans,” “anticipates,” “believes,” “intends,”
“estimates,” “projects,” “potential” and similar expressions, or
that events or conditions “will,” “would,” “may,” “could” or
“should” occur. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance, and actual results may differ materially from
those in the forward-looking statements. Factors that could cause
the results to differ materially from those in forward-looking
statements include market prices, continued availability of capital
and financing, and general economic, market, or business
conditions. Investors are cautioned that such statements are not
guarantees of future performance and that actual results or
developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on
the beliefs, estimates, and opinions of the Company's management on
the date the statements are made. Except as required by applicable
securities laws, the Company undertakes no obligation to update
these forward-looking statements if management's beliefs,
estimates, opinions, or other factors should change.
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version on businesswire.com: https://www.businesswire.com/news/home/20230127005180/en/
On behalf of the Board of Directors David Patterson Chief
Executive Officer and Director 1 (855) 764-2535 (QNICKEL)
info@quebecnickel.com