- Quebec Nickel Corp. (QNI) updates on its drill program on the Ducros Property Group Project, located in the Abitibi Greenstone Belt, Quebec
- Quebec Nickel has approached Orbit Garant Drilling Inc. to complete its multi-phase drill program on the property, commencing in early January 2022
- The first phase of the drill program will focus on three nickel-copper-platinum group elements target areas across the property which are the Fortin, Durcos Sill, and the Durco Gabbro Area targets
- Quebec Nickel has increased its 2021-2022 work program to over $5 million which will allow the company to drill up to 20,000 metres across the Durcos Property Group area
- Also, Quebec Nickel will grant 3.4 million incentive stock options to certain directors, officers, employees, and consultants of the company at an exercise price of $0.30 in accordance with the company’s 10 per cent rolling incentive stock option plan
- Quebec Nickel Corp. (QNI) is up 25 per cent and is trading at $0.35 per share as of 12:44 p.m. EST
Quebec Nickel Corp. (QNI) updates on its drill program on the Ducros Property Group Project, located in the Abitibi Greenstone Belt, Quebec.
Quebec Nickel has approached Orbit Garant Drilling Inc. to complete its multi-phase drill program on the property, commencing in early January 2022.
Orbit Garant Drilling Inc. is one of Canada’s largest mineral drilling companies, providing services to major, intermediate and junior mining companies through all stages of exploration, development and production cycles.
The first phase of the drill program will focus on three nickel-copper-platinum group elements target areas across the property.
The Fortintargets are to be tested in this first phase are based on results from the 2020 ground electromagnetic survey, the 2021 stripping mapping and sampling program, and ongoing property-scale compilation and 3D geological modelling.
Ducros Sill’sfollow-up verification drilling of reported historical anomalous nickel values obtained 0.167 per cent nickel over 190.5 metres, 0.171 per cent nickel over 67.3 metres and 0.150 per cent nickel over 134.4 metres.
The Ducro Gabbro Area will be testing previously defined ground electromagnetic conductors associated with highly anomalous nickel, copper, cobalt till sample results.
The company has increased its 2021-2022 work program to over $5 million.
The increased exploration budget will allow Quebec Nickel to drill up to 20,000 metres across the Ducros Property Group area.
The Phase II drill program will be directed to testing additional targets identified from the property-wide helicopter-borne VTEM survey, based on the result obtained from follow-up ground-truthing geophysical surveying, prospecting and geological fieldwork.
Also, Quebec Nickel will grant 3.4 million incentive stock options to certain directors, officers, employees, and consultants of the company at an exercise price of $0.30 in accordance with the company’s 10 per cent rolling incentive stock option plan.
Quebec Nickel Corp. (QNI) is up 25 per cent and is trading at $0.35 per share as of 12:44 p.m. EST.