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FPX Nickel Corp.
Summary
| Project: | Decar | |
|---|---|---|
| Deposit: | Baptiste | |
| Location: | Canada | |
| Commodities: | Nickel | |
| Date: | 2/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 27-2-2018: FPX Nickel Corp. announces a Resource Estimation report for its Baptiste deposit at the Decar project. Mineral Resource Estimate update at Baptiste. Vancouver, February 26, 2018 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is | |
| Resources: | (Resource, 1.842Bt @ 0.123% Ni (Ind.) and 390Mt @ 0.115% Ni (Inf.) at Baptiste | |
| CP/QP: | [Resources]: Ronald G. Simpson (Independent) | |
| ABSTRACT: | Vancouver, February 26, 2018 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce an updated National Instrument (“NI”) 43-101 mineral resource estimate on the Company’s Baptiste Deposit at its 100%-owned Decar Nickel District in central British Columbia. The updated estimate includes additional drilling and assays from work completed during 2017 (see news release dated November 20, 2017), with considerable updates and modifications to geologic interpretation, block model wireframes and grade estimation strategy. The updated Baptiste mineral resource estimate incorporates the results of our successful 2017 drilling program, which confirmed a significant extension of higher-grade, near-surface nickel mineralization to the southeast of the previous resource outline,” said Martin Turenne, FPX Nickel’s President & CEO. “The new resource estimate incorporates important new geologic interpretation and an updated estimation strategy and will provide an improved basis for future development studies. This resource estimate, which was completed using a modest nickel price assumption of US$6.00/lb, will be incorporated into the Company’s ongoing internal trade-off studies, which aim to optimize the components of a mine plan for Baptiste.” The block model tonnage and grade for each of the indicated and inferred resource categories were calculated at various cut-off grades as shown in Table 2 Table 2: 2018 Baptiste Deposit Block Model Tonnage and Grades Reported at a Range of Cutoff Grades (Base Case 0.06% DTR Ni) * | |
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