FPX Nickel Corp. (FPX) announced additional drill results confirming the lateral extension of the significant new nickel discovery at the Van Target (Van) in the Company’s Decar Nickel District (Decar or the District) in central British Columbia. The results from holes 21VAN-003 and 21VAN-004 complement the first two discovery holes reported by the Company, with the first four Van holes now defining a zone of strong awaruite nickel mineralization measuring approximately 350 meters wide by 400 to 550 meters long, to downhole depths of 350 meters. Assays from the remaining five holes from this year’s maiden drill program are expected to be reported in the coming weeks.
The results of 21VAN-003 and 21VAN-004 are from a maiden nine-hole, 2,688 m drill program at the Van Target, which is located 6 km north of Baptiste at a similar elevation, and accessible via active logging roads.
The nickel mineralization intersected within 21VAN-003 and 21VAN-004 is characterized by disseminated, coarse-grained awaruite (nickel-iron alloy) mineralization hosted in serpentinized ophiolitic rocks and is very analogous to the mineralization and geological setting at the Baptiste Deposit.
