- Now Underway: 5000 m drill program along footwall contact at Fortin Zone to discover more high-grade Ni-Cu-Co-PGE-Au pockets.
- QNI Presents Opportunity – Asymmetric Return Potential at Current Share Price: 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.
Québec Nickel Corp. (CSE: QNI) (OTCQB: QNICF) (Frankfurt: 71B) 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 (click here for related news release).
Figure 1. (above) 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.
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.
Québec Nickel Corp. is a Canadian-based critical metals exploration company focused on advancing its 100%-owned Ducros Critical Metals (Ni-Cu-Co-PGE-Au) Property in Québec, located in the prolific Abitibi Greenstone belt. The Abitibi region is world renown for world-class gold-copper deposits, however QNI has what is rapidly developing as one of Canada's most exciting nickel sulphide plays as it is an outlier in the area with grades ~4 - 5 times what is found in the region for nickel, but also spectacular elevated copper, cobalt, platinum, palladium, and gold.
QNI is advancing / targeting two types of nickel on its Ducros project:
1) Advancing High-Grade Nickel Pocket(s); QNI's Fortin Sill Zone Ni-Cu-Co-PGE-Au discovery appears to be a classical high-grade Raglan-style phenomena; the well-known Raglan nickel mine is known as a "string of pearls", numerous high-grade pockets in close proximity (each in the 100,000 tonne to 3 million tonne range) -- such nickel pocket occurrences are usually never one-off, its just a matter of vectoring-in on more. In QNI's case at Fortin, the geological team has already found one and is now actively executing on a plan to find more. Québec Nickel Corp. is a young company, it was formed in 2020 to specifically tackle the Ducros property. QNI's maiden multi-phase drill program began in Q1-2022 when it completed just over 21,000 metres in 91 holes across the Ducros property, a majority of the 2022 drilling occurred on the Fortin Sill Ni-Cu-Co-PGE-Au Zone which is rapidly developing, starts at surface and appears amenable to a high-grade open pit scenario. Exceptional Fortin Zone drill results were returned in 2022 include hole QDG-22-29, which drilled an 11.80 metre interval containing 1.44% Ni, 1.49% Cu, 461 ppm Co and 2.79 g/t Pt-Pd-Au that includes a higher-grade subinterval assaying 1.85% Ni, 1.65% Cu (3.50% Ni + Cu), 576 ppm Co and 3.27 g/t Pt-Pd-Au over 8.43 metres (see August 30, 2022 News Release for reference). 5,000 metres of new drilling and geophysics are currently underway at the Fortin Sill high-grade nickel-copper-PGE prospect. The new drilling is focused on exploring for additional Ni-Cu-PGE sulphides down plunge and along strike of the main outcropping mineralized zone.
The following Plan Map from the December 15, 2022 news release shows a sizeable Ni-Cu-PGE pocket at the Fortin Sill Zone, the geological team is confident there are more pockets to be discovered in close proximity.
Figure 2. (above) Plan map showing the locations of selected drill holes completed at the Fortin Sill Zone with Ni + Cu assays (%) in relation to the outline of the Fortin Sill discovery outcrop (the black dotted lines represent an expression of the stripped outcrop area). Voluminous body of quality material: the Fortin Sill pocket seen above measures ~30 m deep, 65 m from North to South, and ~30 m East to West -- already the reader can start working out back-of-the-envelope calculations with assumptions (e.g. non-43-101 specific gravity of say maybe 3 to 3.5, spot price for Ni, Cu, Co, Pt, Pd) and an impressive number develops assuming decent recoveries. Important to note that metallurgical test results are expected soon, favourable recoveries will further de-risk matters and propel economics.
2) Discovering Ni-Co Bulk Tonnage with Enormous Potential. The land-package is large (15,147 ha), and the highly experienced nickel generation team has a high level of confidence in its ability to make a major discovery of significance. New Q-Zone Discovery: This September 12, 2023 the Company announced "Québec Nickel Discovers New Large Nickel + Cobalt-Bearing Ultramafic Intrusion at Ducros".
Assay result highlights for newly discovered nickel and cobalt-bearing ultramafic intrusion, now referred to as the “Q-Zone”:
• Hole QDG-23-306 intersected dunite for most of its 567-metre length and returned 0.22% nickel + 122 ppm cobalt over 164.50 metres;
• Hole QDG-23-307 returned 0.20% nickel + 107 ppm cobalt over a 249.00 metre core length which includes a higher-grade subinterval of 182.80 metres @ 0.21% Ni + 109 ppm Co;
• The surface geophysical footprint of the Q-Zone spans approximately two kilometers long by one kilometer wide.
The nickel generation team appears to have hit just the edge of a potentially very large bulk-tonnage scenario unfolding at the new Q-Zone discovery. This marks the second discovery of a large Ni-Co-bearing ultramafic intrusion at Ducros this year. The nickel generation team has shown it can find nickel, however it is clear the market needs to see more juicy bulk tonnage size and grades to make an impression, confidence is high it will deliver…
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.
The following URLs have been identified for additional insight on Québec Nickel Corp.:
Company website:
Recent Mining Journal Review:
https://miningmarketwatch.net/qni.htm
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.
