release031921st Sector Newswire - ST.C

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Sector:  Mining, Base Metals, PGE, Precious Metals  :

 

News Release -  December 15, 2023 4:33 PM ET    - Editorial Release

 

 

Québec Nickel Corp. Completes 2023 Exploration Programs at Ducros Nickel-Copper-PGE Project

 

NEW YORK, NY, December 15, 2023 /Sector Newswire/ -- Québec Nickel Corp. (CSE: QNI) (OTCQB: QNICF) (Frankfurt: 71B) this week reported the completion of its 2023 exploration programs at its 100% owned Ducros Property, located 85 kilometers northeast of Val-d’Or, Québec. The news this week comes on the heels of news that QNI released the results from an Artificial Intelligence (“AI”) nickel-sulphide-focused targeting exercise at the Company’s Ducros claims which has recently been completed by ALS GoldSpot Discoveries.

  

Additionally, QNI is the subject of a Mining Journal review, full copy of which may be viewed at https://miningmarketwatch.net/qni.htm online, in an article entitled "Québec Nickel Corp. Advancing Ducros Critical Metals Property in Abitibi".

Excerpts:

  • QNI currently has a nominal market cap of ~C$2.4M (~115.34 million shares trading near ~C$0.02). The majority of the company shares are institutionally held. The share price of QNI appears undervalued considering the significant quality and quantity of the Fortin Sill Ni-Cu-PGE mineralized area discovered to date, the share price is poised for upside revaluation as continued news flow occurs, and as the significance of what Québec Nickel Corp. possesses is better appreciated by the market.
     

  • QNI Presents Opportunity: QNI currently has a nominal market cap of ~C$2.5M (~115.34 million shares trading near ~C$0.02). The share price of QNI appears poised for upside revaluation as continued news flow occurs, and as the significance of what Québec Nickel Corp. possesses is better appreciated by the market.
     

  • Tier 1 Geological Team: The geological team leadership, directors, and board of advisors are an impressive who's-who of nickel expertise with career accomplishments across the spectrum from nickel exploration & discovery, development, and major production. Gary DeSchutter, M.Sc., P.Geo., is Vice-President of Exploration for Québec Nickel Corp., he started his career with Falconbridge and transitioned to Anglo American for 6 years as part of their global nickel generation team.
     

  • With the new AI technology delineated targets and refined geological interpretation, QNI’s nickel-copper-cobalt-PGE generation team is highly prospective for major new discovery.

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Copy of December 13, 2023 Company News Release:

 

Québec Nickel Completes 2023 Exploration Programs at Its Ducros Nickel-Copper-PGE Project

 

 

Figure 1. Map of the Ducros Property showing the locations of select AI-derived nickel-sulphide and nickel-cobalt targets in relation to the Property’s primary target areas underlain by the newly interpreted geology. (Graphic: Business Wire)

 

VANCOUVER, British Columbia--(BUSINESS WIRE)--Québec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) (“QNI” or the “Company”) reports the completion of its 2023 exploration programs at its 100% owned Ducros Property, located 85 kilometers northeast of Val-d’Or, Québec.

Summary of 2023 Work Programs & Results:

  • Drilling of almost 18,000 metres in 50 holes across the Ducros

  • PropertyScoping-level metallurgical study of Fortin Sill Zone Ni-Cu-PGE sulphides

  • Discovery of multiple large Ni-Co-bearing ultramafic intrusions

  • Numerous new Ni-Cu-PGE targets identified through Artificial Intelligence targeting study

  • Start of project environmental baseline study work

David Patterson, QNI’s CEO and Chairman, comments “I want to congratulate and thank the Ducros project team for accomplishing so much work during the year. Between the unusually warm winter to start the year off and the two-month work stoppage during the summer because of the unprecedented forest fires in this part of Québec, it’s been very challenging to get our work programs completed this year. I am very confident the results from the large amount of work done over the past two years has set the table for continued success at Ducros.”

2023 Exploration Diamond Drilling

The 2023 drilling program tested a wide variety of prospective Ni-Cu-PGE targets across the entire Ducros Property. In total, 17,815 metres were completed in 50 holes at multiple target areas such as the Ducros Ultramafic Sill Complex (DUSC), the Ducros Sill Trend, the Q-Zone Target as well as at the greater Fortin Sill Zone area. Of note, and as previously announced, two large nickel + cobalt-bearing ultramafic intrusions were discovered at the Ducros Sill Trend and Q-Zone target earlier this year (see July 12, 2023 and September 12, 2023 News Releases for more information).

Drilling at the Fortin Sill Zone began in April with the completion of four short holes at the main Ni-Cu-PGE showing. These HQ-diameter holes supplied the materials required for a scoping-level metallurgical test program of the Fortin Sill Zone sulphides. Upon the lifting of the summer 2023 forest fire-related work stoppage, drilling at Fortin Sill resumed in August. The program was designed to explore for additional Ni-Cu-PGE sulphides at regular intervals along strike of the main outcropping mineralized zone. A total of eight holes for 5,883 metres was completed over a distance of approximately 1.2 kilometres along the interpreted strike of the Fortin Sill Zone. Downhole electromagnetic geophysical surveys were completed in four of the longer holes in efforts to locate sulphide-related conductors. Although this new drilling encountered mafic and ultramafic intrusive rocks as far away as 750 metres from the Fortin Sill Zone, no new Ni-Cu-PGE mineralization was identified in this new drilling.

Fortin Sill Zone Metallurgical Study

As discussed in the Company’s May 10, 2023 News Release, SGS Canada was contracted to complete a scoping-level evaluation of the amenability of the Fortin Sill Zone to produce saleable Critical Metals concentrate. A total of 150 kilograms of Ni-Cu-Co-PGE-Au mineralized HQ diameter drill core was collected and delivered to SGS’s Québec City laboratory for the study. The scope of the work program includes bond ball mill grindability testing, floatation test work, solid-liquid separation testing and environmental analyses. As of this news release, the test program is approximately 95% complete and the delivery of the results and interpretative report is expected in the coming weeks.

AI Targeting Project

In October 2023, QNI released the results from a Ducros property-wide Artificial Intelligence (AI)-assisted Ni-Cu-PGE targeting exercise that was completed by ALS GoldSpot Discoveries Ltd. (ALS GoldSpot). The results of this study are highlighted by the identification of more than a dozen new and untested nickel-sulphide targets distributed across the Ducros Property (see October 3, 2023 News Release for more details, Figure 1). The unique geological and geophysical fingerprint of the Ni-Cu-PGE Fortin Sill Zone was used to train ALS GoldSpot’s SmartTARGETTM targeting AI algorithms.

 

In parallel with the AI targeting project, ALS GoldSpot also completed a litho-structural reinterpretation of the Ducros Property. It is expected this new geological interpretation will greatly enhance the Company’s exploration efforts going forward by allowing future work programs to focus on the most prospective Ni-Cu-PGE targets within the large >15,000 hectare Ducros property.

Environmental Baseline Studies

In March 2023, Québec Nickel commissioned BluMetric Environmental, of St-Laurent Québec, to complete a baseline description of the hydrological and biological characteristics of QNI’s Ducros property and surrounding lands. Together with its partner, T2 Environment, of McMasterville Québec, BluMetric technical teams completed two separate site visits during the 2023 field season to obtain the necessary samples and data for the study. The results from this first year’s work are being synthesized into a final report, which is expected to be delivered early in the new year and will serve as the basis for future environmental baseline and monitoring work.

Other Exploration Work

In addition to the work summarized above, the Company completed further studies during the year that have greatly advanced the understanding of the Ducros Property geology and have led to the development of new highly prospective Ni-Cu-PGE targets. Examples of some of these other studies include the semi-automated detailed petrographic characterization of 33 drill core samples collected from the 2022 & 2023 exploration drilling programs. This work, which was completed by IOS Services Géoscientifiques inc. (IOS), of Ville de Saguenay, Québec, builds upon the petrography IOS and the micro-XRF work completed by the Mineral Deposit Research Unit of the University of British Columbia completed in 2022.

In addition, to follow-up on positive results of a 2022 biogeochemistry orientation survey completed across much of the Ducros property, over 500 additional samples were collected during the 2023 field season at the Fortin Sill Zone. The samples were collected from a 50 metre by 50 metre-spaced northwest-southeast oriented grid covering an area of ~2.5 kilometres long by 750 metres wide and included the Fortin Sill Zone surface showing and its interpreted strike extension. Results from the 2022 and 2023 biogeochemistry surveys were fed into the AI targeting exercise completed by ALS GoldSpot. Distinctive biogeochemical anomalies coincident with Fortin Sill Zone are highlighted as well as additional anomalies along the interpreted strike from the Zone in areas that have yet to be drill tested.

About Québec Nickel Corp.

Québec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing critical metals (Ni-Cu-Co-PGE) projects in Québec, Canada. The Company has a 100% interest in the Ducros Property, consisting of 282 contiguous mining claims covering 15,293 hectares within the eastern portion of the Abitibi Greenstone Belt in Québec, Canada. Additional information about Québec Nickel Corp. is available at www.quebecnickel.com.

Qualified Person

Gary DeSchutter, M.Sc., P.Geo., Vice-President of Exploration for Québec Nickel Corp., and a Qualified Person (“QP”) as defined under National Instrument 43-101 (“NI 43-101”), has reviewed, and approved the scientific and technical content of this press release.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY AND FORWARD-LOOKING STATEMENTS

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are 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 the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market, or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors should change.

Contacts

On behalf of the Board of Directors
David Patterson
Chief Executive Officer and Director
1 (855) 764-2535 (QNICKEL)
info@quebecnickel.com

 

 ...click here for full copy of news release from source

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Copy of October 5, 2023 Company News Release:

 

AI Technology Identifies Multiple Nickel-Copper-PGE Sulphide Targets at QNI's Ducros Project

 

VANCOUVER, British Columbia--(BUSINESS WIRE)--Québec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) (“QNI” or the “Company”) is pleased to report the results from an Artificial Intelligence (“AI”) nickel-sulphide-focused targeting exercise at the Company’s Ducros claims which has recently been completed by ALS GoldSpot Discoveries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231005135364/en/
 

 

Figure 1: Map of the Ducros property showing the locations of select AI-derived nickel-sulphide and nickel-cobalt targets in relation to the Property’s key target areas underlain by the newly interpreted geology. (Graphic: Business Wire)

 

Highlights:

  • AI-driven targeting algorithms have been trained using the unique geophysical, geological and geochemical fingerprint of the Ni-Cu-PGE Fortin Sill Zone;

  • Numerous new nickel sulphide targets generated through the work across the Ducros property, including several that occur adjacent to the Fortin Sill Zone, the recently discovered Q-Zone and along strike from the Ducros Sill Trend;

  • The geological interpretation of the Ducros Property has been updated to help guide future exploration.

In April 2023, QNI retained ALS GoldSpot Discoveries (“ALS GoldSpot”) to undertake a comprehensive review and synthesis of the vast amount of exploration data collected at the Ducros Property to date, enhancing ongoing exploration efforts. The objectives of the study were two-fold: firstly, to generate meaningful nickel-sulphide-focused targets across the property using its proprietary SmartTARGETTM AI technology, and secondly, to use the new exploration data to reinterpret the geology underlying the Ducros claims.
 
The unique fingerprint of the Ni-Cu-PGE Fortin Sill Zone was used to train the SmartTARGETTM targeting algorithms. This involved the integration and synthesis of multiple exploration datasets including the recently completed VTEMTM, airborne gravity, high-resolution drone magnetics and Lidar surveys, along with the data from two seasons worth of surface biogeochemical surveys and the Ducros diamond drilling assay, lithogeochemical and geotechnical databases. ALS GoldSpot used its Supervised Learning (“SL”) and Semisupervised Learning (“SSL”) algorithms on 25-metre and 10-metre datastacks during its study.
 
More than a dozen new nickel-sulphide targets have been generated by the study, the locations of which can be seen in Figure 1. Of note, several of the new nickel-sulphide targets, which are characterized as having a geophysical conductive response comparable to that of the Fortin Sill Zone, lie along strike of the Fortin Sill Zone, immediately adjacent to the recently discovered Q-Zone, within the southern portion of the Ducros Ultramafic Sill Complex and along strike to the south of the Ducros Sill Trend (Figure 1). As part of the targeting exercise, several new non-conductive large-tonnage nickel-cobalt anomalies were also generated (Figure 1), similar in character to the Q-Zone and Ducros Sill Trend.
 
In parallel with the AI targeting project, ALS GoldSpot also completed a litho-structural reinterpretation of the Ducros Property. Due to the relatively thick and consistent blanket of surface cover at the property, the new geological interpretation leans heavily on short wavelength airborne magnetic data in combination with the growing Ducros drillhole database. The results of this new geological interpretation can be seen in Figure 1 and are highlighted by a better understanding of the primary geological structural framework of the Ducros property and how this affects the interpreted location and extent of some key mafic-ultramafic intrusive bodies. It is expected this new geological interpretation will greatly enhance the Company’s exploration efforts going forward by allowing future work programs to focus on the most prospective Ni-Cu-PGE targets within the large >15,000-hectare Ducros property.

Ducros Property Exploration Update
 
As announced on August 9, 2023, the Company reports the program of exploration drilling and down-hole geophysics at the Fortin Sill target area continues as planned. The new drilling at Fortin Sill is focused on exploring for additional Ni-Cu-PGE sulphides down-plunge and along strike of the main outcropping mineralized showing. Up to 5,000 metres of drilling is planned for this phase of work, which will explore at depth beneath the Ni-Cu-PGE Zone as well as more than two kilometers of strike length of prospective geology. This work will also test the geological model discussed in the Company’s December 15, 2022 news release. Downhole electromagnetic geophysical surveys are being used to identify and target accumulations of conductive Ni-Cu-PGE sulphides during this phase of drilling. Since the restart of drilling in August, a total of five deep holes have been completed and are currently being logged and sampled, three of which have been surveyed with down-hole geophysics to date. This phase of drilling is expected to continue until later this fall and possibly into the winter months, depending on local ground conditions.

Corporate Update
 
The Company is happy to announce that David Patterson, Executive Chairman of QNI, has returned to his role as QNI’s Chief Executive Officer effective October 1, 2023. Richard Dufresne has stepped down from the role and has resumed his duties as a Director of QNI. The Company wishes to thank Mr. Dufresne for taking the helm of the Company in April 2023 (see April 19, 2023 News Release) on short notice and successfully leading QNI through a challenging forest fire-shortened summer exploration season.

Qualified Person
 
Gary DeSchutter, M.Sc., P.Geo., Vice-President of Exploration for Québec Nickel Corp., and a Qualified Person (“QP”) as defined under National Instrument 43-101 (“NI 43-101”), has reviewed, and approved the scientific and technical content of this press release.

About ALS GoldSpot Discoveries
 
ALS GoldSpot is a Canada-based group of expert geoscientists and data scientists who utilize computational methods (such as Data Analytics, Machine Learning, and numerical modelling) to assist mining and exploration clients. ALS GoldSpot offers unique processes to focus exploration efforts, minimize client risk related to exploration targeting, and optimize aspects of conventional resource exploration workflows. Its diverse geoscience and data science technical teams combine proprietary technology with in-depth expertise in mineral exploration, mineral resources, and mining to offer robust and actionable solutions to its clients and partners. While mineral exploration and mining have become data-rich environments, the value of data is lost when datasets become so large that they cannot effectively be integrated into decision making. Its expertise and solutions target such big data problems, processing or integrating underutilized data to better comprehend resource property potential.

About Québec Nickel Corp.
 
Québec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing critical metals (Ni-Cu-Co-PGE) projects in Québec, Canada. The Company has a 100% interest in the Ducros Property, consisting of 282 contiguous mining claims covering 15,293 hectares within the eastern portion of the Abitibi Greenstone Belt in Québec, Canada. Additional information about Québec Nickel Corp. is available at www.quebecnickel.com.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY AND FORWARD-LOOKING STATEMENTS
 
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are 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 the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market, or business conditions. Investors are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates, and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors should change.

Contacts
On behalf of the Board of Directors

David Patterson
Chief Executive Officer and Director

1 (855) 764-2535 (QNICKEL)
info@quebecnickel.com

 

 ...click here for full copy of news release from source

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The following URLs have been identified for additional insight on Québec Nickel Corp.:
 
Company website:
https://quebecnickel.com

 

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Recent Mining Journal Review:
https://miningmarketwatch.net/qni.htm

 

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SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

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