FPX Nickel Corp. (TSXV: FPX) has received additional positive drill results further confirming the significant lateral extension of the new nickel discovery at the Van Target in the company’s Decar Nickel District in central British Columbia.
These drill results expand nickel mineralization approximately one km to the west of previous drilling, bringing the mineralized footprint at Van to approximately two km in strike length by one km in width.
The company says, based on the first two drilling campaigns completed to-date, the scale of nickel mineralization at Van is trending toward being comparable to the Baptiste Deposit, which has a strike length of approximately three km with an average width of approximately one km.
Highlights
- Drilling at Van has outlined strong nickel mineralization over a large footprint measuring approximately two sq. km, with mineralization open both laterally and at depth
- Final set of Van drillholes reported herein (22VAN-013 to 22VAN-019) extend nickel mineralization by approximately 1 km to the west from previously reported holes
- New drillhole 22VAN-016 intersected 426.9 m grading 0.127% DTR Nickel (0.204% Total Nickel), starting at an approximate vertical depth of 9 m below surface
- The highest grades to-date at Van are in the southwest portion of the target area, where future step-out drilling is planned to test the further lateral and depth extension of mineralization
“On the basis of the first two modestly-sized drill campaigns, the Van discovery has quickly achieved an extensive footprint of broad and higher-grade near-surface nickel mineralization, confirming the potential of the Decar Nickel District to host multiple large-scale deposits,” President and CEO, Martin Turenne, said.
“Van remains open for expansion in multiple directions, most favourably to the south, southwest, and west, where the encouraging trend of higher-grade nickel in outcrop and drill results to-date suggest the potential for a significant extension of the already sizeable 2 km2 mineralized footprint.
“While FPX is primarily focused the completion of a Baptiste preliminary feasibility study in the third quarter of 2023, we look forward to future drilling at Van to confirm our hypothesis that Van could ultimately host a significant near-surface nickel resource to complement the neighbouring Baptiste deposit.”
Van Target Drilling
The results described herein are from a ten-hole, 2,504 m drill programme completed in 2022 at the Van Target, which is located six km north of Baptiste at a similar elevation, and also accessible via active logging roads.
This drill programme was designed to follow up on the inaugural drilling in 2021, stepping out aggressively from the initial discovery area to define the extent of mineralization up to one km south and 1.5 km west of the holes drilled in 2021. The results of the first three holes from the 2022 programme (22VAN-010 to 22 VAN-012) were previously reported on December 12, 2022.
The nickel mineralization at the Van target, as defined by just 19 holes drilled in 2021 and 2022, is approaching the scale of the Baptiste deposit, which measures 3 km along strike with an approximate width of one km. Mineralization at the Van target remains open along strike to the west, southwest, and south, and at depth, confirming the potential for Van to host a large-scale, standalone nickel deposit.
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