Quebec Nickel Corp QNICF

New High-Grade Assay Results From Fortin Sill Zone Drilling

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https://quebecnickel.com/2022/12/quebec-nickel-reports-new-high-grade-assay-results-from-fortin-sill-zone-drilling-including-1-07-ni-1-19-cu-364-ppm-co-2-70-g-t-pt-pd-au-over-4-77-metres/

Qubec Nickel Reports New High-Grade Assay Results From Fortin Sill Zone Drilling Including 1.07% Ni, 1.19% Cu, 364 Ppm Co, 2.70 G/t Pt-Pd-Au Over 4.77 Metres
   
December 15, 2022

The inaugural 2022 drilling program at the Ducros property is successfully completed and plans are in progress to launch winter work programs including up to 20,000 metres of new drilling in 2023

Vancouver, British Columbia, December 15, 2022 – Qubec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) (“QNI” or the “Company“) is pleased to report additional assay results from drilling completed at its Ducros Ni-Cu-Co-PGE-Au Project, 80 kilometres northeast of Val-d’Or, Qubec. Assay results are reported here for four holes completed at the Fortin Sill Zone and demonstrate the zone extends from the mineralized surface outcrop to the southeast. In addition, the assay results also highlight the potential for discovery of additional Fortin Sill Zone-like bodies at depth.

Drilling Highlights:

• Magmatic Ni-Cu-PGE sulphides encountered in three new holes collared to the southeast of the Fortin Sill Zone discovery outcrop.
   
• Hole QDG-22-30 cored through 0.58% Ni, 0.60% Cu, 230 ppm Co and 1.26 g/t Pt-Pd-Au over 13.77 metres, including 1.07% Ni, 1.19% Cu, 364 ppm Co and 2.70 g/t Pt-Pd-Au over 4.77 metres.
   
• Hole QDG-22-31 returned a 14.56 metre interval containing 0.43% Ni, 0.33% Cu, 193 ppm Co and 0.57 g/t Pt-Pd-Au and includes a higher-grade subinterval assaying 0.65% Ni, 0.88% Cu, 243 ppm Co and 0.99 g/t Pt-Pd-Au over 1.74 metres.
   
• Highly anomalous results were also returned from hole QDG-22-38 at depth and to the southwest of the Fortin Sill Zone proper and include 0.64% Ni + Cu, 164 ppm Co and 0.66 g/t Pt-Pd-Au over a seven-metre core length.

2022 Ducros Project Drilling Results

Drill holes QDG-22-30 through QDG-22-33 were collared southeast of the Fortin Sill Zone discovery outcrop at the same location as holes QDG-22-28 & QDG-22-29, the results of which were previously reported in Q3 2022 and include an 11.80 metre interval containing 1.44% Ni, 1.49% Cu, 461 ppm Co and 2.79 g/t Pt-Pd-Au in hole QDG-22-29 (see August 30, 2022 News Release). The four holes were directed towards the surface showing (Figure 1), of which three returned long intervals of Ni-Cu-Co-PGE-Au mineralization (see Table 1). Notably, Hole QDG-22-30 cored through a 33.00-metre-long interval averaging 0.35% Ni, 0.35% Cu, 167 ppm Co, and 0.67 g/t Pt-Pd-Au which includes higher-grade subintervals of 0.58% Ni, 0.60% Cu, 230 ppm Co and 1.26 g/t Pt-Pd-Au over 13.77 metres and 1.07% Ni, 1.19% Cu, 364 ppm Co and 2.70 g/t Pt-Pd-Au over 4.77 metres. Results for the fourth hole, QDG-22-33, are still pending.

Assay results are also reported for hole QDG-22-38, which was collared on the northeast side of the Fortin Sill Zone discovery outcrop and drilled towards the southwest under the bedrock exposure. The geology and mineralization encountered in this hole are summarized in the Company’s October 19, 2022 News Release and summary assay results are provided below in Table 1. The occurrence of strongly anomalous Ni-Cu-Co-PGE-Au mineralization well below the Fortin Sill Zone within QDG-22-38 highlights the potential of discovering additional Ni-Cu-Co-PGE-Au mineralization at depth and throughout the greater Fortin Sill Zone target area. As discussed in the Company’s October 19, 2022 News Release, a series of holes was completed from an existing drill pad to the southwest of the Fortin Sill Zone to test for the continuity of this deeper mineralization, and assays are pending for these holes.