VANCOUVER, British Columbia, Sept. 25, 2017 (GLOBE NEWSWIRE) — FPX Nickel Corp. (TSX-V:FPX) (“FPX Nickel” or the “Company”) is pleased to announce the completion of its stepout drilling program of the Baptiste deposit at the Company’s flagship Decar nickel project. The previously announced program (see FPX Nickel’s August 10, 2017 news release) tested the southeast extension of the Baptiste deposit, where adjacent holes drilled during the most recent drilling campaign in 2012 returned the highest-grading drill intercepts on the property.
A total of eight diamond drill holes were completed over a cumulative 1,917 metres. Drilling was conducted to the southeast of the Baptiste deposit, covering an area of 500 metres along strike from previous drilling (trending from northwest to southeast), over a width of 500 metres (trending from southwest to northeast). All holes were drilled at an angle of minus 50 degrees, with maximum down-hole depth of 350 metres testing vertical depth to a maximum of 300 metres below surface. Assays are pending, and first results are expected to be received by the Company in mid-October.
Dr. Peter Bradshaw, P. Eng., FPX Nickel’s Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600.
On behalf of FPX Nickel Corp.
Martin Turenne, President, CEO and Director
Certain of the statements made and information contained herein is considered “forward-looking information” within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.