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Québec Nickel says drill results point to large nickel-cobalt deposit at Ducros project

Published Jul 12, 2023 10:17
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© Reuters Québec Nickel says drill results point to large nickel-cobalt deposit at Ducros project
 
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Proactive Investors - Québec Nickel Corp (NLB:QNI) has reported positive drill assay results from its Ducros Sill target at its Ducros nickel-cobalt-copper-platinum group elements project in Québec.

Highlights include hole QDG-23-503, which was terminated at 450 m (m) depth in nickel and cobalt-bearing dunite, the last 118.30 m of which returned 0.21% nickel 117 parts per million (ppm) cobalt.

Additionally, hole QDG-23-505 returned 293 m at 0.19% nickel and 106 ppm cobalt, including a higher-grade subinterval of 152 m at 0.21% nickel and 114 ppm cobalt.

The company said the results pointed to the presence of a large tonnage nickel-cobalt-bearing ultramafic intrusion with a geophysical expression spanning several hundred kilometres (km) wide and 7 km long.

“Should this 7-km-long magnetic anomaly be the geophysical expression of the Ducros Sill intrusion, as is currently hypothesized, its overall dimensions would rival the size of other high-profile large tonnage nickel-cobalt projects currently being advanced in the Abitibi Greenstone Belt,” Québec Nickel said in a statement.

Meanwhile, the company noted that it intends to resume exploration at the Fortin Sill Zone once forest fire-related work restrictions are lifted.

Drilling at this zone in the summer and fall will follow up on positive results from the company’s 2022 drill program, it said.

Québec Nickel is a mineral exploration company focused on acquiring, exploring, and developing critical metals projects in Québec, Canada.

Read more on Proactive Investors CA

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Québec Nickel says drill results point to large nickel-cobalt deposit at Ducros project
 

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