FPX Nickel drills one of the highest-grading, near surface intervals in the history of the Decar nickel district at the Van target

FPX Nickel Corp (TSX-V:FPX) unveiled new drill results that confirmed the lateral extension of a recent nickel discovery at the Van target in the Decar nickel district of British Columbia.

Assay results returned 143 metres (m) grading 0.143% Davis tube recoverable (DTR) nickel, which FPX said is one of the 10 highest-grading, near-surface intervals in the history of Decar.

The first four holes drilled at Van now define a zone of strong awaruite nickel mineralization measuring approximately 350m wide by 400m-550m long, to downhole depths of 350m, according to a release from FPX.

READ: FPX Nickel’s Baptiste nickel project has potential to become the industry’s first carbon-neutral operation

All four holes drilled to date have returned strong nickel mineralization over broad intervals, FPX told shareholders.

What’s more, the results complement previous drilling at the Baptiste deposit, which contains 1.996 billion tonnes of indicated resources at an average grade of 0.122% DTR nickel, and 593 million tonnes of inferred resources with an average grade of 0.114% DTR nickel.

“We are very pleased with this second batch of drill results from the maiden drilling program at Van, which are consistent with the positive results from the discovery holes 21VAN-001 and 21VAN-002, materially expanding the nickel mineralization at Van,” FPX CEO Martin Turenne said in a statement.

FPX has drilled nine holes at Van this year as part of its maiden drill program, with assays remaining on the remaining five holes. 

“While the Van target is defined by the sporadic presence of mineralized outcrop over a 2.5km2 area, 21VAN-003 and 21VAN-004 were both drilled in areas with extensive overburden cover; the positive results of these holes support the view that strong nickel mineralization can occur in areas that extend beyond mineralized outcrop, thus expanding the scale of the conceptual target at Van,” Turenne added.

Vancouver-based FPX Nickel is exploring the Decar nickel district, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.

Contact Angela at [email protected]

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Story by ProactiveInvestors