Québec Nickel Corp (CSE:QNI, OTCQB:QNICF) has said it will showcase high-grade nickel-copper-platinum group elements (Ni-Cu-PGE) drill core results from the Fortin Sill Zone at its Ducros project in Québec at the Vancouver Resource Investment Conference, ending today, January 30 2023.
The mineral exploration company said conference attendees are invited to visit company 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, the company added.
READ: Québec Nickel to kick off 2023 drill program at Ducros project in Québec
2022 highlights include:
- 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 (m) drilled across the property, and is highlighted by the high-grade Ni-Cu-PGE core intersections at the Fortin Sill Zone including:
- 18.50m at 0.44% Ni, 0.51% Cu, 193 parts per million ppm Co (cobalt) and 0.69 grams per ton (g/t) Pt-Pd-Au (platinum-palladium-gold) in hole QDG-22-09;
- 9m at 0.7% Ni, 0.79% Cu, 271 ppm Co and 1.71 g/t Pt-Pd-Au in hole QDG-22-10; and
- 11.8m at 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 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 (rhenium–osmium) age date of the sulphide mineralization at the Fortin Sill Zone; and
- Refining and updating of the geological and emplacement model of the Fortin Sill Zone Ni-Cu-PGE mineralized intrusion.
Financing to fund 2023 programs
Following significant results from last year’s exploration activities, Québec Nickel said it completed a brokered financing at the end of 2022 which raised over $8.5 million. 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 LP, Société de Développement de la Baie-James and the Caisse de dépôt et placement du Québec.
Additionally, the company has announced the official launch of its 2023 winter drilling program at the Ducros property which began on January 20 at the northern portion of the Ducros Ultramafic Sill Complex 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, it added.
Québec Nickel 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.
Contact the author at stephen.gunnion@proactiveinvestors.com