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Feature article November 24, 2022:

 

Québec Nickel Corp. Advancing Nickel-Copper-PGE Deposit in Abitibi, 2 Drill Rigs Active

 

Spectacular Grades: Expanding Fortin Sill Deposit NE & SE along strike, building off 2022 drill step-out intersection of 0.59% Ni, 0.54 Cu & 1.01 g/t Pt-Pd-Au over 35.63 m, including 1.85% Ni, 1.65% Cu & 3.27 g/t Pt-Pd-Au over 8.43 m.

 

Québec Nickel Corp.

(CSE: QNI)  (OTCQB: QNICF)  (71B.F)

 

Share data, Capitalization, & Corporate info

 

 Shares Outstanding:  71.9 million

 Recently Traded: ~CDN$0.20/share (CSE: QNI)

 52 Week High/Low: $0.41/ 0.09

 Current Market Cap.: ~$15 million Canadian

 Corporate Website: www.quebecnickel.com

 

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Mining Analyst, Eric Lemieux, provides noteworthy endorsement following site visit of Québec Nickel Corp's Ducros Ni-Cu-PGE Project.

...Click to view his Nov. 2/22 article

 

"We estimate for the 7 intersections disclosed by QNI in the Fortin Sill system an average of 4.95m @ 0.72% Ni, 0.78% Cu, 1.32 g/t Pt-Pd-Au"

- Eric Lemieux, Mining Analyst

 

   

Valuation Commentary: Québec Nickel Corp. (CSE: QNI) (OTCQB: QNICF) (Frankfurt: 71B) is a Canadian-based mineral exploration company focused on advancing its 100%-owned Ducros Ni-Cu-PGE Property in Québec, located in the prolific Abitibi Greenstone belt. The Abitibi region is world renown for world-class gold-copper deposits, however QNI has what is rapidly developing as one of Canada's most exciting nickel sulphide plays, increasingly described in mining circles as a "big unicorn" for the fact it is an outlier with grades ~4 - 5 times what is found in the region for nickel, but also spectacular elevated copper, cobalt, platinum, palladium, and gold (PGE stands for Platinum Group Elements).

 

Québec Nickel Corp. was formed in 2020 to specifically tackle Ducros, its maiden 20,000 m multi-phase drill program began in Q1-2022. The Fortin Sill Ni-Cu-PGE deposit is rapidly developing, starts at surface and appears amenable to a high-grade open pit scenario. There is currently 2 drill rigs active on the Fortin Sill Ni-Cu-PGE Zone completing the planned 20,000 m, to date the company has reported on 29 holes, and has numerous core assays pending at the lab to report near-term.  Besides its main focus of ongoing continuity drilling at the Fortin Sill deposit, the company is juxtaposing exploration, also looking at targets that are highly prospective for new discovery in other areas of the property (e.g. its Ducros Ultramafic Sill Complex has recently received over 3,650 metres in 10 holes spanning 800 m across the interpreted north-south strike of the regional geological trend (assays are pending)).

   

QNI currently has a nominal market cap of ~C$15M (~71.9 million shares [see Nov. 24, 2022 news announcing new financing] trading near ~C$0.20). ~80% of the shares are institutionally held, and the company is fully financed to accomplish all key objectives for 2022. The share price of QNI appears poised for upside revaluation as continued news flow occurs, and as the significance of what Québec Nickel Corp. possesses is better appreciated by the market.

 

The geological team leadership, directors, and board of advisors are an impressive who's-who of nickel expertise with career accomplishments across the spectrum from nickel exploration & discovery, development, and major production (see CV's at the bottom of this article). Gary DeSchutter, M.Sc., P.Geo., is Vice-President of Exploration for Québec Nickel Corp., he started his career with Falconbridge and transitioned to Anglo American for 6 years as part of their global nickel generation team. Gary joined Québec Nickel in February-2022 -- in-short, he picked Québec Nickel because he knows nickel and was attracted by the anomalous Nickel-Copper-Platinum Group Element (PGE) occurrences and elephant-size potential at Ducros.

 

Québec Nickel Corp. appears on a trajectory with serious potential to yield an impressive first-pass Ni-Cu-PGE resource on its Fortin Sill Zone after its 2023 drill program -- one look at the recent drill results at the Fortin Sill Zone of the Ducros NI-Cu-PGE Property and it is apparent that the methodical approach of step-outs and following the continuity drilling is paying off...

  

 

Figure 1. (above) Fortin Sill Zone Step-out Drilling hole 28 & 29. These step-outs are ~25 m SE from holes 9, 10, & 11 at the original showing; the geological team is already building a voluminous body of quality material. -- Image source: Company Q3-2022 Presentation, related news release: August 30, 2022 "Québec Nickel Corp Intersects 1.85% Ni, 1.65% Cu and 3.27 g/t Pt-Pd-Au Over 8.43 Metres In Step-out Drilling At The Fortin Sill Zone, Ducros Project, Abitibi, Québec". Seen in the image above are stellar grades (nearly 5% Ni-Cu and 6 g/t Pt-Pd-Au -- these are probably the best grades combined of Ni-Cu + PGEs + Gold in the history of the Abiti region). In image of core seen above you can see the foliation of sulphides with multiple events going on (good for the formation of nickel deposits), the material is running ~35% - 40% sulphides.

[Footnotes: Reported assay intervals seen in image are sample length weighted, the true width of mineralized intervals is not known due to insufficient information, 3E = Pt+Pd+Au]

 

Recent news headlines from Québec Nickel Corp.:

 

● November 24, 2022 -- "Québec Nickel Corp. Announces Offering Of Up To $10 Million"

 

● November 17, 2022 -- "Québec Nickel Provides An Update Of Its Work Programs At The Ducros Ni-Cu-Pge Project, Abitibi, Québec"

 

● October 19, 2022 -- "Québec Nickel Corp Drills Possible Extension Of The Fortin Sill Zone At Depth"

 

● October 12, 2022 -- "Québec Nickel Corp. Adds Third Drill at Its Ducros Ni-Cu-PGE Project, Abitibi Québec"

 

Synopsis:    • QNI has added a 3rd rig that will target the Fortin Sill (recently incl. 8.43 m at 3.81% NiEq) in order to accelerate the ongoing 20,000 m program.
• The 1st rig is also turning at Fortin Sill and the 2nd one is at Ducros Sill Ultramafic Complex (DUSC) for the 3,000 m program at DUSC with 50% drilling complete.
• All planned summer work programs completed and analysis underway:
  • Additional channel sampling from the Fortin Sill outcrop, stellar grades.
  • Property wide biogeochem survey – results received for 90% of the samples with a final report expected by year-end.
  • Satellite imagery over the entire Ducros project – final progressing of data in progress.
  • Air-borne gravity survey over the entire Ducros property – will help better understand geology and structure.
  • Drone magnetic survey over Fortin Sill – 3,000 m line km completed. Results being processed and will help refine current & future drill targets.

• The press release includes a summary table of assay results returned from selected holes completed; previously reported assay results are highlighted by a 35.63 metre-long intersection that returned 1.13% Ni + Cu, 238 ppm Co and 1.01 g/t Pt-Pd-Au, and includes higher grade sub-intervals of 1.44 % Ni, 1.49 % Cu, 461 ppm Co and 2.79 g/t Pt-Pd-Au over 11.80 metres and 1.85% Ni, 1.65% Cu (3.50% Ni + Cu), 576 ppm Co and 3.27 g/t Pt-Pd-Au over 8.43 metres in hole QDG-22-29. Of note, a one-metre-long sample from hole QDG-22-29 containing heavy net-texture chalcopyrite and pyrrhotite (35-40% total sulphides) returned 1.98% Ni + 2.77% Cu (4.75% Ni + Cu), 624 ppm Co and 5.78 g/t Pt-Pd-Au. The release also has an image of drill sections (see Figure 8 below in this article), and a plan map showing the locations of selected drill holes completed at the Fortin Sill Zone (see Figure 9 below in this article). Drilling to date has indicated near-surface, high grade and bulk tonnage potential at the Fortin Sill target with significant upside potential as the Fortin Sill trend is +1 km in strike length. There is also similar potential at the other targets at the Ducros project.

 

● September 20, 2022 -- "Québec Nickel Corp Adds Second Drill Rig To Its Ducros Ni-Cu-PGE Property and Begins a 3,000 Metre Drilling Program at The Ducros Ultramafic Sill Complex"

 

● August 30, 2022 -- "Québec Nickel Corp Intersects 1.85% Ni, 1.65% Cu and 3.27 g/t Pt-Pd-Au Over 8.43 Metres In Step-out Drilling At The Fortin Sill Zone, Ducros Project, Abitibi, Québec"

 

● June 13, 2022 -- "Québec Nickel Corp. Provides An Update Of Exploration Activities At Its Ducros Project, Abitibi, Québec"

 

● June 6, 2022 -- "Continuity Drilling at Québec Nickel Corp’s Ducros Project Intersects 1.49% Ni + Cu, 271 ppm Co and 1.71 g/t Pt-Pd-Au Over 9.0 Metres"

 

● May 16, 2022 -- "Québec Nickel Corp. Intersects 0.44% Ni, 0.51% Cu and 0.69 g/t Pt-Pd-Au Over 18.50 Metres at its Ducros Project, Abitibi Québec"

 

● April 27, 2022 -- "Québec Nickel Corp. Receives Final Airborne VTEM Data & Plans To Mobilize A Second Drill To Its Ducros Ni-Cu-PGE Project, Abitibi Québec"

 

Below is an overview of the project and why investors seeking exposure to nickel as a commodity should consider establishing a long position in Québec Nickel Corp.

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Québec Nickel Corp. Presents Exceptional Opportunity

 

Nickel is a hot commodity: Nickel is a key component of most lithium ion batteries, enabling more energy density. With EV demand on the rise so is the demand for nickel. The trend has been for increased nickel content in EV batteries as energy density is further optimized by various manufacturers; ~20 kg to 50 kg of Ni is in a typical EV battery, depending on make. There is a shortage of the type of high-grade nickel that’s needed for EV batteries. Russia has traditionally been a source for a lot of this nickel, however it is now considered black-market. There is a lack of western-world domestic sources of nickel. To quote Elon Musk on July 22, 2020 Any mining companies out there, please mine more nickel ... Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way. Currently stainless steel production accounts for the majority (~85% - 90%) of nickel used globally, however demand from battery production is expected to increase steadily. Not all nickel can go into batteries, it has to be clean ‘class-1’, dirty laterite nickel from Indonesia, Australia, Philippines, and Brazil generally does not meet the grade – the purest nickel comes from sulphides (such as that which Québec Nickel Corp. has at Ducros). Trying to upgrade low-grade laterites involves extremely energy-intensive processes such as pressure acid leaching which results in an environmentally destructive CO2 footprint ~20 times more than that can be achieved from sulphide sourced nickel.

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Location -- Mining friendly jurisdiction with exceptional infrastructure.

 

 

Figure 2. (above) Location map -- Located in the eastern Abitibi Greenstone Belt, northeast of Val-d'Or Québec. The Abitibi Greenstone Belt is ~700 km long and home to numerous Cu-Au producers. The Timmins area has had several past nickel producers.

 

● 100% QNI-owned – 280 map designated mineral claims totaling >15,000 hectares.

 
● Located 80 km northeast of Val-d’Or, between the nearby towns of Lebel-sur-Quévillon and Senneterre (2 towns that are driven by mineral exploration and logging, providing QNI access to workforce and support (e.g. labs and drill contractors). Québec Nickel Corp. rents office space in Val-d'Or and is logging its core there. Additionally, Québec Nickel Corp. is populating a data-room on an ongoing basis to facilitate majors/entities that sign a CA (several have been signed to date [source: Nov. 17, 2022 news release]). Val-d'Or is a huge gold town with 4 operating mills with another 2 set to come online -- no need to sleep in tents and no need for choppers -- the team can hit the property in ~50 minutes from Val-d'Or.

 
● Provincial Highway 113 crosses east side of property + network of logging roads.

 
● CN Rail line and power within five kilometres of property.

 

● There are 2 small airports ~15 minute drive either side of the property, N & S.

 
● Mining-friendly jurisdiction at the local, provincial and national levels. Québec Nickel Corp. has already begun environmental and community work behind the scenes.

 

Synopsis/opinion -- where this appears headed: On the side of the road, in mining-friendly Québec, with power and rail (possibly sending to Sudbury) -- Québec Nickel Corp. has, assuming continued exploration success, the ingredients to potentially become one of the lowest cost nickel concentrate producers. Drilling to date has indicated near-surface, high grade and bulk tonnage potential at the Fortin Sill target with significant upside potential as the Fortin Sill trend is +1 km in strike length. There is also similar potential at the other targets at the Ducros project.

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Background/Property acquisition: The project originated from what was originally known about an outcrop that has since become the Fortin Sill discovery zone. The showing had been known since the 70s and 80s; the outcrop returned anomalous chip samples from prospectors, and the prospectors made a deal with Golden Valley Mines which was a Glenn Mullan company. Back in 2008 Glenn Mullan drilled two holes in the area of the showing and came back with ~20 m of ~.3 Ni, ~.4 Cu + Platinum and Gold. That was 2008 and the market went south resulting in the project laying dormant for the next ~13 years. The now CEO of Québec Nickel Corp., David Patterson, recognising the coming demand for nickel and potential of the anomalous land package, contacted Glenn in 2020 and made a deal; essentially for a 9.9% equity position once public plus a 1.5% NSR -- they struck a deal and the company was created.

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Claims Map - Property Geology and Exploration Zones/Targets

  

Figure 3. (above) Claims Map - Property Geology and Exploration Zones/Targets. The image above has been annotated / augmented (inset & description on right) by Mining MarketWatch Journal. The Fortin Sill deposit Zone is the anchor, where a deposit of significance is being advanced, working/expanding from the known to the unknown with great success. Then off to the west  of Fortin at the Ducros Sill, back in 1987, there was a series of 5 holes drilled by operators looking for elements other than nickel, records indicate they hit the right rock types; they hit dunite rock from from top to bottom, also ultramafics were intersected -- important ingredients for what QNI is looking for. They were not targeting geophysical anomalies as QNI is doing now. Also note that this sits next to a sulphur resource that was drilled off in the late 50s (Note: sulphur is an important ingredient for creating a nickel deposit). The purple squiggly lines are what the Québec Goverment has interpreted to be the right rock types (ultramafic intrusive rocks). Note that ultramafic sills and dykes all intrude into the light blue package of sulphide bearing meta-sediments -- again more encouraging ingredients to bake in a Ni-Cu-PGE deposit. Québec Nickel Corp. will be the first to put a drill hole into areas that are highly prospective for discovery.

 

Aside: A common asked question is "Who owns the land ~1 km to the north of QNI's Fortin Sill Deposit Zone?" That ground is owned by Mosaic Minerals, which recently did a deal with Fokus, and above them is Osisko as part of their Windfall land package. Testimony to success that Québec Nickel Corp. is having, the neighbours are attempting to emulate it and are actively drilling just off the highway near QNI's borderline -- although there is a learning curve as the temptation is to drill the iron formation since it lights up bright on geophysics drowning out everything else (in-fact, a few of QNI's first holes were sunk into the iron formation to essentially eliminate it going forward).

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VTEMTM Airborne Geophysics & Geology

 

 

Figure 4. (above) VTEMTM Airborne Geophysics & Geology, with inset of channel dug at striped expression of outcrop at Fortin Sill Ni-Cu-PGE deposit zone. In addition to geophysics completed earier in 2022 the VP of Exploration Exploration, Gary DeSchutter, also recently had high-resolution magnetics flown from drones in key areas to zoom-in and see micro structures in incredible detail. The geological team has in-depth magnetic imagery overlaying the geology with in-house lines representing its guess of large faults and structures; essentially translating to "X marks the spot" in some cases. Numerous high-quality coincident electromagnetic-magnetic anomalies have been identified throughout the project. 2-D and 3-D inversion modelling of the VTEMTM and magnetic data are now being used to guide the drilling program.

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Work Program for Q1-Q2 2022 consisted of:

 

● 1,717 line-kilometre VTEM™ airborne geophysical survey.
 
● Initiate 20,000+ metre multi-phase drilling program at Fortin Sill target area.
 
● Channel sampling of Fortin Sill discovery outcrop.
 
● Incorporate new data into exploration database, interpretation and drill target generation.

 

Figure 5. (right) VTEM™ airborne geophysical survey over  Québec Nickel's Project.

  

Work Program Q3-Q4 2022:

● Step-out drilling at Fortin Sill Ni-Cu-PGE Zone.
 
● High resolution UAV magnetic surveys over select targets.
 
● Prospecting, geological mapping & biogeochemical surveys.
 
● Initiate drilling program at Ducros Ultramafic Sill Complex and Ducros Gabbro targets.
 
● Airborne gravity-gradiometer survey.
 
● Drill-off new discoveries, 3D modeling & preliminary resource estimation work.

 

Figure 6 (left) Stripped expression of the original showing at Fortin Sill deposit zone. One of several channels that were made (and sampled) is visible in this image along with a drill visible in distance. The entire stripped outcrop is ~60 m long by 25 m wide.

 

Advancing the Fortin Sill Ni-Cu-PGE deposit zone -- building quality 3-dimensional volume of material

 

 

NOTE: Now consider that step-outs 28 & 29 (not shown above) are ~25 m away to the SE (from holes 9, 10, & 11 at the original outcrop), the geological team is already building a 3-dimensional volume of material.

 

Figure 7. (above) Section at Fortin Sill Ni-Cu-PGE zone at outcrop looking ~NW. The colour red represents over 1% combined Ni-Cu. Holes 9 is Québec Nickel's confirmation hole stemming from the 2008 (historical) hole that Glenn had done at the outcrop; the geological team simply continued and drilled a hole ~45° and tilted the head and drilled two more holes (hole 10 & 11) on the expression of the stripped outcrop, yielding quality results of higher and higher grades.

 

 

Table 2. (above) Summary of assay results returned from selected holes completed at the Fortin Sill Zone -- Table sourced from October 12, 2022 news release entitled "Québec Nickel Corp Adds Third Drill At Its Ducros Ni-Cu-PGE Project, Abitibi Québec"

 

 

Figure 8. (above) -- Drill section showing the locations of selected holes completed at the Fortin Sill Ni-Cu-PGE Zone in relation to historical hole GCF-08-07 and the Fortin Sill Zone discovery outcrop.

 

 

Figure 9 a. (above) -- Plan map showing the locations of selected drill holes completed at the Fortin Sill Zone in relation to the Fortin Sill discovery outcrop. Assay results for holes QDG-22-30 through QDG-22-33 are pending. The location of hole QGD-22-28 has been moved approximately two (2) metres to the SE from its actual collar location for illustrative purposes. Image sourced from Oct. 12/22 news release.

 

Assays pending on extension at depth

 

 

 

 

Figure 9 b. & c. (above) Plan map and drill section showing the locations of selected holes completed at the Fortin Sill Ni-Cu-PGE Zone. from October 19, 2022 news release "Québec Nickel Corp Drills Possible Extension Of The Fortin Sill Zone At Depth"; "The abundance, composition and texture of the sulphides in this portion of QDG-22-38 appear very similar to the mineralization encountered in hole QDG-22-09 earlier this year" ... "As previously reported, assay results from hole QDG-22-09 returned a 31 metres-wide intercept averaging 0.37% Ni, 0.40% Cu and 0.55 g/t Pt-Pd-Au that includes higher grade sub-intervals of 0.44% Ni, 0.51% Cu and 0.69 g/t Pt-Pd-Au over 18.50 and 0.55% Ni, 0.86% Cu and 0.86 g/t Pt-Pd-Au over 5.0 metres" ... "The sulphide-bearing ultramafic unit encountered in QDG-22-38 occurs approximately 60 metres below and 50 metres to the southwest of the currently known extents of the Fortin Sill Ni-Cu-PGE Zone".

 

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2022 Drill Program Highlights at Fortin Sill Zone (presented in order progress occurred):

 

QDG-22-09 - Confirmation Hole: (click here for related May 16, 2022 release)

 

Confirmation drilling of historical (2008) hole returned 0.37% Ni, 0.40% Cu, 176 ppm Co and 0.55 g/t Pt-Pd-Au over 31.0 m (hole QDG-22-09); higher grade sub-intervals include:
 

 ● 0.44% Ni, 0.51% Cu, 192 ppm Co, 0.69 g/t Pt-Pd-Au over 18.50 m
 ● 0.55% Ni, 0.86% Cu, 207 ppm Co 0.86 g/t Pt-Pd-Au over 5.00 m

 

Figure 10 a. & b. (left) -- core from confirmation hole 9; copper-rich disseminated and blebby magmatic sulphides.

 

 

Figure 10c. (above) -- A 0.50 m sample of semimassive to net texture sulphides from QDG-22-09: contains 1.31 % Ni, 0.38 % Cu, 413 ppm Co and 2.12 g/t Pt-Pd-Au.

 

 

Table 3. (above) Grades for the above 0.50 m sample from QDG-22-09.

 

Follow-Up Continuity Drilling: (click here for related June 6, 2022 release)
 

QDG-22-10
 

29.0 metres @ 0.36% Ni, 0.41% Cu, 167 ppm Co, 0.95 g/t Pt-Pd-Au, including high-grade subintervals:

 
 ● 9.0 m @ 0.70% Ni, 0.79% Cu, 271 ppm Co, 1.71 g/t Pt-Pd-Au over 9.0 m, and

 ● 4. 0 m @ 0.90% Ni, 1.01% Cu, 324 ppm Co and 2.39 g/t Pt-Pd-Au

QDG-22-11
 

32.67 metres @ 0.33% Ni, 0.32% Cu, 170 ppm Co and 0.57 g/t Pt-Pd-Au, including a high-grade
subinterval:

 
6.0 m @ 0.62% Ni, 0.60% Cu, 256 ppm Co and 1.01 g/t Pt-Pd-Au

 

Fortin Sill Zone Step-out Drilling: (click here for related August 30, 2022 release)

 

QDG-22-28

 

Hole QDG-22-28 cored through a 29.90 metre interval averaging 0.30% Ni, 0.31% Cu, 167 ppm Co, and 0.45 g/t Pt-Pd-Au which includes a higher-grade subinterval containing 0.46% Ni, 0.64% Cu, 209 ppm Co and 0.72 g/t Pt-Pd-Au over 3.24 metres.

 
QDG-22-29

 

QDG-22-29Hole QDG-22-29 intersected a 11.80 metre interval containing 1.44% Ni, 1.49% Cu, 461 ppm Co and 2.79 g/t Pt-Pd-Au which includes a higher-grade subinterval assaying 1.85% Ni, 1.65% Cu (3.50% Ni + Cu), 576 ppm Co and 3.27 g/t Pt-Pd-Au over 8.43 metres.

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Fortin Sill Zone Discovery Outcrop Channel Sampling:

 

 

Figure 11. (above) Results from 2022 channel sampling program at the Fortin Sill discovery outcrop. Channel sample assay results were draped on a georeferenced Fortin Sill discovery outcrop drone image (oblique view looking 345° Az and down 30°).

  

Also seen in the image is Table 4. (above) -- Summary of assay results from the Fortin Sill discovery outcrop channel sampling program completed [Reported assay intervals are sample length weighted]. When Québec Nickel first acquired the project the team stripped as much as it could, exposing the full expression of the outcrop -- essentially the whole outcrop is mineralized.

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Other Noteworthy Target Areas

 

 

Figure 12 (above) -- Plan map of Québec Nickel’s Ducros property (red outline) showing the merged total field VTEMTM and drone magnetic data sets overlain on top of Québec Government geology. 2023 drilling target areas are indicated by dashed outlines. Drill targets comprise coincident geophysical anomalies (VTEM conductive features +/- magnetic highs responses +/- gravity features).

 

Ducros Sill Complex

 
As announced on September 19, 2022, exploration drilling began in the central portion of the Ducros property at the Ducros Ultramafic Sill Complex (DUSC). The objective of the Phase I drill program at the DUSC was to obtain the first ever geological information from this ~2 kilometres wide by ~10 kilometres long exploration target area. This area is interpreted to be underlain by significant volumes ultramafic to mafic dikes and sills that have been injected into an extensive package of sulphide-bearing clastic metasediments and metavolcanics. As the target area is covered by variable thicknesses of overburden and contains little to no outcrop exposure, the current geological interpretation of the DUSC target area is derived from Québec Government geology maps that are in turn based on interpretations of historical airborne geophysical datasets.
 

The Company is happy to report its Phase I drilling program at the DUSC target has been successfully completed and the drill contractor has demobilized from the area. Over 3,650 metres in 10 holes were drilled along an east-west fence. This fence of holes spans more than 800 metres across the interpreted north-south strike of the regional geological trend. These holes targeted strong magnetic high geophysical features with well-defined flanking and/or coincident electromagnetic conductive anomalies, as highlighted by the VTEMTM airborne survey completed in Q2 2022 (see news release from April 27, 2022 for reference) and further refined by high-resolution drone magnetic surveys (refer to news release from June 13, 2022). All drill holes encountered rock types that support the geological interpretation of the DUSC, including but not limited to thick mafic to ultramafic intrusive units, graphitic metasedimentary seams, sulphide +/- oxide facies iron formation, felsic to intermediate metavolcanics and related breccias as well as sequences of silicified +/- sulphide-bearing exhalative/volcanogenic/volcanoclastic rock units. Core logging and sampling is in progress and assay results from the Phase I DUSC drilling will be reported when available.
 

As previously reported, due to the saturated ground conditions along portions of the existing access trail into the DUSC target area, the Company engaged the services of Northern Mat & Bridge (NM&B) to facilitate the mobilization of the drill and support equipment to the work area. NM&B, a Canadian company with an office in Montreal, Québec, specializes in providing safe, environmentally benign, and cost-effective temporary access solutions to otherwise impassable terrain for reasons such as poor ground conditions, weather, sensitive farm/grass lands and traditional land use areas. Utilizing the expertise and services of NM&B supports Québec Nickel’s philosophy of minimizing the impact of its work programs on the environment. NM&B have returned to the Ducros project and have begun the process of removing the temporary environmental matting along the access trail into the DUSC target area.
 
Ducros Gabbro

 
● Poorly exposed ~ 5 km X 5 km mafic intrusion largely inferred from regional magnetic data.

 
● Interpreted to be emplaced along intersecting deep-seated regional structures (regional magnetics).

 
● Magnetic data suggest the body is layered and/or multi-phased.

 
● Never drilled

 Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

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Québec Nickel's Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

David Patterson – President, CEO

Mr. Patterson is the Co-founder and CEO of Vested Technology Corp., a start-up equity crowdfunding portal. Mr. Patterson is a former CEO of Emerita Resources Corp., an exploration and development company listed on the TSXV. Mr. Patterson was also CFO of Donner Metals Ltd., a mineral exploration and development company listed on the TSXV. For more than 30 years he has been involved in the administration and financing of exploration companies based in North America. He holds a Masters of Business Administration from Simon Fraser University (1991).

  

Gary DeSchutter – V.P. of Exploration

Mr. DeSchutter is a professional geologist with more than 25 years of industry experience with a focus on exploring for Ni-Cu-PGE deposits within Canada and abroad. In addition to beginning his mineral exploration career with Falconbridge Limited (now Glencore), Mr. DeSchutter spent nearly ten years at Anglo American, most of which was spent as a key member of its Vancouver-based global Ni-Cu- PGE exploration team. In addition, he spent six years working at the Lac des Iles palladium mine in northwestern Ontario, where he was responsible for the management of within- mine and brownfields exploration programs. Mr. DeSchutter grew up in Montreal and received a B.Sc. in Geology from Concordia University. In addition, Mr. DeSchutter graduated from Laurentian University in 1996 with a M.Sc. in Geology and is a member in good standing with Engineers and Geoscientists British Columbia(EGBC) as a P.Geo.

  

Ming Jang – CFO

Mr. Jang is a professional accountant with 25 years of senior financial management experience in various sectors, including cannabis, nonprofit organizations and mining. He currently serves as a financial consultant to various private and publicly listed companies. Mr. Jang has planned and executed taking several companies public including most recently Numinus Wellness Inc. and Ignite International Brands Ltd. He drives robust financial management and the set-up, implementation, and oversight of financial and regulatory processes.

 

Richard Dufresne – Director

Mr. Richard Dufresne is a professional geologist active in the mining and mineral exploration industry for more than 30 years, including several years with Anglo American when he managed Anglo’s Eastern Canada nickel exploration projects. He has held executive and senior management positions for both junior and major companies exploring in North and South America as well as West Africa. Mr. Duf resne is currently Vice-President Exploration for Infield Minerals Corporation, a gold exploration company with activities in Nevada. Mr. Dufresne is a Geology graduate from the University of Montreal and holds a P.Geo. designation with Engineers and Geoscientists British Columbia (EGBC).

 

Hani Zabaneh – Director

Mr. Hani Zabaneh is a business consultant specializing in growth funding, mergers and acquisitions, and transitioning companies to public markets. For over 20 years, Hani has held both officer and board positions in numerous public companies. These companies include Summa Silver Corp., Blue Gold Mining, Auryn Resources, and Sigma Lithium Resources Corporation. Hani currently sits on several boards of public companies. Previously, Hani was a principal at Orange Capital Corp, a boutique investment bank located in Vancouver, BC. He was also Vice President of Corporate Development at Eventbase Technology Inc., where he was instrumental in helping the company secure Series A financing from a US-based VC.

 

Christine Petch – Director

Ms. Petch has over 25 years of corporate, global and project site experience in the mining industry with proven project management skills leading diverse, multi-cultural teams in challenging project environments with strong outcomes in health & safety. Currently she is the Deputy Project Manager for Greenstone Gold Mines, focused on the construction of the Greenstone Mine in Northwestern Ontario. For the last eight years, Ms. Petch has been providing fit-for-purpose project and risk management consulting services to the resources sector. Previously, she spent 19 years with Falconbridge/Xstrata/Glencore where she worked on multiple projects and held a variety of senior corporate roles within the business development, sustainability and strategic leadership teams. She is credited with the discovery of the Kikialik nickel deposit (Raglan) in Northern Québec. Ms. Petch received her B.Sc. in Geology and Geophysics from McGill University and M.Sc. in Geology from Queen’s University. She is a Professional Geoscientist in the Province of Ontario and a RIMS Certified Risk Management Professional.

 

Glenn Mullan – Advisor

Glenn Mullan serves as the founder, and President/CEO of Golden Valley Mines and Royalties Ltd. and Executive Chair of Abitibi Royalties Inc., both based in Val-D’Or, QC where his main area of interest continues to be grassroots early-stage exploration, primarily for precious and base metals, and energy minerals in Canada and abroad. Glenn formed a Nickel mining exploration company (Canadian Royalties Inc.) in 1999, and which soon won the AEMQ’s “Prospector of the Year” Award in 2003 for its multiple Ni-Cu-PGE discoveries in the remote Nunavik Region of Northern Québec. This company soon evolved into a Ni-Cu-PGE producer that currently employs more than 1000 people in Northern Québec, and is currently owned by a Chinese Nickel producer.

 

David Gower – Advisor

David Gower has been involved in the mineral industry for over 30 years, including positions with Falconbridge Limited and Noranda Inc. (now Glencore Canada Corporation). While at Falconbridge he was General Manager of Global Nickel and PGM Exploration and a member of the senior operating team that approved capital budgets for new mining projects. Mr. Gower has been involved in numerous discoveries and mine development projects including at Raglan, Matagami, and Sudbury, Canada and green field discoveries in Brazil and Tanzania. He also previously held positions as Director of several junior mineral exploration companies focused in South America and Europe and has been a Director of Alamos Gold since 2009.

 

Daniel Schieber – Advisor

Daniel Schieber established his career in metals and mining finance as an analyst for the Stabilitas Group of Funds in 2005. In 2009, he co-founded Euroscandic International Group where he raised upwards of $360M in project financing for specific development projects in the mining sector. In 2011-2015, he pivoted to Canadian-based farmland investments, where he became Chief Investment Officer at Dynamis Capital Corp., which focuses on long-term, recession-proof investments with emphasis on gold and silver. Mr. Schieber is CEO and Director of GoldHaven Resources Corp.

 

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Note: This article is not intended to be a complete overview of Québec Nickel Corp. or a complete listing of Québec Nickel's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Québec Nickel's head office at: PH +1.855.764.2535 (+1.855.QNICKEL)

 

Company's web site: www.quebecnickel.com   SEDAR Filings: URL

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