New Nickel Discovery with FPX Nickel CEO Martin Turenne

from Mining Stock Education

FPX Nickel (TSXV:FPX; OTC:FPOCF) CEO Martin Turenne shares regarding the confirmation of a significant new nickel discovery from the maiden drilling program at the Van Target in the Company’s Decar Nickel District in central British Columbia. The first two widely-spaced holes at Van, which is located 6 km north of the Baptiste Deposit, returned some of the strongest results in the district’s history, highlighted by the results of the first hole (21VAN-001), which intersected among the highest-grading broad intervals of near-surface nickel mineralization ever drilled at Decar.

Hole 21VAN-001 intersected 101 m grading 0.150% DTR nickel (0.207% total nickel), starting at an approximate vertical depth of 27 m below surface, among the 8 highest-grading, near-surface intervals in the history of Decar. Hole 21VAN-002, collared 350 m south-southwest along section from 21VAN-001, intersected 103 m grading 0.144% DTR nickel (0.215% total nickel), starting at an approximate vertical depth of 55 m below surface.

Martin Turenne stated: “We are extremely pleased with these first drill results from Van, confirming the potential for this target to host a large-scale, standalone nickel deposit to rival that already delineated at Baptiste, which is the world’s third largest undeveloped nickel deposit. For context, the results of 21VAN-001 exceed the highest-grading, near-surface results achieved in any of the first 38 holes drilled at Baptiste between 2010 and 2012. We look forward to reporting additional assays from this year’s nine-hole Van program in the coming weeks.

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0:00 Introduction
1:00 New Van Target nickel discovery
2:47 Consist mineral grade and distribution at Van Target
4:21 New discovery with an efficient, low-cost drill program
5:31 Final 7 Van Target holes will be released in Oct-Nov
6:00 FPX Nickel undervaluation
7:08 Maximizing shareholder value with this new discovery
10:17 Nickel market commentary
11:48 Automakers need to secure nickel for EV production
15:26 Role of nickel in EV batteries is secured for next 10-15yrs
16:47 Why FPX Nickel?