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FPX Nickel Corp.
Summary
| Project: | Decar | |
|---|---|---|
| Deposit: | Baptiste | |
| Location: | Canada | |
| Commodities: | Nickel | |
| Date: | 10/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 19-10-2017: FPX Nickel Corp. announces an Exploration/Drilling Update report for its Baptiste deposit at the Decar project. Drilling results incl. 322m @ 0.131% Ni from 29m. Vancouver, October 18, 2017 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Bradshaw (Internal) | |
| ABSTRACT: | Vancouver, October 18, 2017 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce results of the first three of eight diamond drill holes completed during its recent stepout drill testing of the Baptiste deposit at the Company’s 100%- owned Decar nickel project (the “Project”) in central British Columbia. The drill holes highlighted in this release (see Figure 1 below) are the first holes drilled at Decar since 2012. The drill results support the potential for meaningful resource expansion of higher grade, nearsurface nickel-iron alloy mineralization at the Baptiste deposit beyond the resource used in the National Instrument 43-101 2013 Preliminary Economic Assessment (“2013 PEA”) (see 2013 PEA filed under the Company’s SEDAR profile on August 21, 2013). “We are very pleased with the initial drill results from our stepout program, highlighted by hole 65, collared 420 metres southeast of 2013 PEA resource pit outline, which returned the second highest grading broad interval of near-surface nickel mineralization in the Project’s history,” commented Martin Turenne, the Company’s President and CEO. “These results support the potential to considerably improve the early development plan for the Baptiste deposit in an updated PEA by allowing for the incorporation of near-surface tonnage with grades significantly higher than the material modeled in the early years of the 2013 PEA.” | |
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