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FPX Nickel Corp.
Summary
| Project: | Decar | |
|---|---|---|
| Deposit: | Baptiste | |
| Location: | Canada | |
| Commodities: | Nickel | |
| Date: | 11/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 20-11-2017: FPX Nickel Corp. announces an Exploration/Drilling Update report for its Baptiste deposit at the Decar project. Drilling results incl. 294m @ 0.151% Ni from 55m. Vancouver, November 20, 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, November 20, 2017 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce results of the final five 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. These results are highlighted by hole 67, which returned the second-highest grading broad interval of near-surface nickel mineralization in the Project’s history. The results from this year’s eight-hole program support the potential for meaningful resource expansion of higher grade, near-surface Davis Tube magnetically-recovered (“DTR”) nickel 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 extremely pleased with the results of our 2017 stepout drilling program, highlighted by holes 63 and 67, which both returned broad near-surface intervals grading over 0.163% DTR nickel, representing two of the three highest-grading such intervals in the history of Baptiste,” commented Martin Turenne, the Company’s President and CEO. “This year’s successful drilling campaign supports the potential to considerably improve the development plan for Baptiste 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.” The eight holes drilled during this year’s campaign are the first holes drilled at Decar since 2012. Figure 1 provides a plan map of the locations for all holes drilled at Baptiste since the Project’s inception. | |
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