Vancouver, British Columbia--(Newsfile Corp. - August 4, 2021) - Quebec Nickel Corp.(CSE: QNI)("Quebec Nickel Corp." or the "Company") is pleased to announce its upcoming exploration plans over the Ducros Ni-Cu-PGE Property group. This first phase exploration program is budgeted at $375,000.
Presently, two known Ni-Cu-PGE showings (Fortin and Ducros), as well as a quartz-vein hosted gold showing are known to exist on the property, but have seen limited surface sampling and drilling. The upcoming 2021 exploration program is planned to include a property-scale heliborne magnetic and electromagnetic (Mag-EM) survey, the construction of a 3D geological model utilizing historical and modern data, and mapping, prospecting, and sampling. Additionally, mechanical stripping is planned over the Fortin showing where previous drilling in 2007 intersected 0.35 % Ni, 0.41% Cu 0.23 g/t Pt, and 0.25 g/t Pd, 0.17 g/t Au over 23.20 m (from 2.0 m to 25.20 m down-hole). For further details the reader is referred to the Company's June 31, 2021 press release.
The Company expects to commence its maiden drill program on the property in the fall and winter of 2021-2022, with the initial focus on the Fortin Showing. The size and scope of the drill program will be based on the combined results from the 2020 ground electromagnetic survey (ARMIT-TDEM), and the upcoming 2021 Mag-EM survey, mechanical stripping, mapping and sampling program, and the concurrent 3D geological model.
"This is one of the more exciting chapters for Quebec Nickel, the geophysics program should help guide our technical team in proving up our excellent nickel, copper and PGE targets," stated David Patterson, CEO.
Raymond Wladichuk, P.Geo., is a "Qualified Person" for National Instrument 43-101 - Standards of Disclosure for Mineral Projects has reviewed and approved the scientific and technical information contained in this news release.
About Quebec Nickel Corp.
Quebec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing nickel projects in Quebec, Canada. The Company has 100% interest in our Ducros Group Property, consisting of 239 contiguous mining claims covering 12,818.63 hectares within the Abitibi region located in Quebec, Canada. Additional information on Quebec Nickel Corp. is available at www.quebecnickel.com.
On Behalf of the Board of Directors,
QUEBEC NICKEL CORP.
"David Patterson, CEO"
For further information, please contact:
Elyssia Patterson, CFO
Tel: +1 (778) 683 4324
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for this release's adequacy or accuracy.
This news release contains statements that constitute "forward-looking statements". Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Nickel's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Although Quebec Nickel believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92071
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