| Announcement Date: | 2021-11-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | FPX Nickel Corp. |
| Project name: | Decar |
| Location: | Canada |
| Commodities: | Nickel |
| Highlight: | Drilling results incl. 287m @ 0.21% Ni from 64m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, November 15, 2021 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the “Company”) is pleased to announce additional drill results confirming the lateral extension of the significant new nickel discovery at the Van Target (“Van”) in the Company’s Decar Nickel District (“Decar” or the “District”) in central British Columbia. The results from holes 21VAN-003 and 21VAN004 complement the first two discovery holes reported by the Company on October 19th, with the first four Van holes now defining a zone of strong awaruite nickel mineralization measuring approximately 350 metres wide by 400 to 550 metres long, to downhole depths of 350 metres. Assays from the remaining five holes from this year’s maiden drill program are expected to be reported in the coming weeks. The results of 21VAN-003 and 21VAN-004 are from a maiden nine-hole, 2,688 m drill program at the Van Target, which is located 6 km north of Baptiste at a similar elevation, and accessible via active logging roads (see Figure 1). Maiden drilling at Van tested the sub-surface potential for mineralization below and adjacent to prospective mineralized outcroppings, which had defined a target area of approximately 2.5 km2 . The size of the Van Target as defined by this outcrop sampling is comparable to the Baptiste deposit, which measures 3 km along strike with widths of up to 1 km. All nine holes at Van were drilled to the north-northeast at an inclination of minus 50 degrees to a target depth of 350 m. |
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