Quebec Nickel Corp C.QNI

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[GrowthOps]

Qubec Nickel Corp Adds Third Drill At Its Ducros Ni-Cu-PGE Project, Abitibi Qubec

News URL: https://quebecnickel.com/2022/10/quebec-nickel-corp-adds-third-drill-at-its-ducros-ni-cu-pge-project-abitibi-quebec/

Here are comments a friend received in his inbox from respected professional he is client of,

Friend uses Kevin at Clarus Securities and this is what he has told his people today:
 
Accelerating drilling at the exciting new Ni-Cu discovery; Exploration update

• QNI has added a 3^rd rig that will target the Fortin Sill (recently incl. 8.43 m at 3.81% NiEq) in order to accelerate the ongoing 20,000 m program.

• The 1^st rig is also turning at Fortin Sill and the 2^nd one is at Ducros Sill Ultramafic Complex (DUSC) for the 3,000 m program at DUSC with 50% drilling complete.

• All planned summer work programs completed and analysis underway:
   
• Additional channel sampling from the Fortin Sill outcrop, incl. 7.16 m at 1.6% Cu+Ni and 2 g/t Pt+Pd+Au.

• Property wide biogeochem survey – results received for 90% of the samples with a final report expected by year-end.

• Satellite imagery over the entire Ducros project – final progressing of data in progress.

• Air-borne gravity survey over the entire Ducros property – will help better understand geology and structure.

 

• Drone magnetic survey over Fortin Sill – 3,000 m line km completed.  Results being processed and will help refine current & future drill targets.

CONCLUSION:  Drilling to date has indicated near-surface, high grade and bulk tonnage potential at the Fortin Sill target with significant upside potential as the Fortin Sill trend is +1 km in strike length.  We see similar potential at the other targets at the Ducros project, incl. the Ducros Sill (historic incl. 190.5 m at ~0.17% Ni) and Ducros Gabbro (associated with highly anomalous Ni, Cu & Co: +4 std. deviation above mean) which is the presumed source of mineralization at the project.  With drilling commencing at the DUSC, we see potential for another exciting new discovery to transform the exploration opportunity at Ducros.