VANCOUVER, BC, July 19, 2021 /CNW/ - FPX Nickel Corp. (TSXV:
FPX) ("FPX" or the "Company") is pleased
to announce the appointment of Randy
MacGillivray as the Company's Manager, Environment and
Government Affairs. Mr. MacGillivray, formerly Regional
Manager, Environment and Regulatory Affairs for Centerra Gold, will
support FPX's senior leadership in managing the environmental,
community and government engagement efforts of the Company's
PEA-stage Decar Nickel District in central British Columbia.
"We are happy to add Randy to our fast-growing team and look
forward to drawing on his deep experience in managing environmental
and community engagement efforts for mining operations in
British Columbia," commented
Martin Turenne, FPX Nickel's
President and CEO. "Randy has a strong track record of
respective and collaborative engagement with First Nations
governments on several B.C. projects and mines, and has played a
hands-on management role in advancing projects through the
environmental assessment and permitting process both in B.C. and
abroad. As we move our flagship Baptiste project toward a
preliminary feasibility study, he will play a critical role in
ensuring the Company maintains a high standard of environmental
stewardship and mutually beneficial collaboration with our First
Nations partners."
Mr. MacGillivray has over 25 years' experience in permitting and
community consultation and engagement activities at mining projects
and operations in British Columbia
and abroad. In his previous role at Centerra Gold's Mount
Milligan Mine and Kemess project in British Columbia, he was responsible for
negotiating, implementing and maintaining compliance with Impact
Benefit Agreement commitments and Environmental Assessment
Certificate conditions. This experience included developing
and leading joint implementation and environmental management
committees with impacted First Nations in central and northern
B.C. Prior to joining Centerra, Mr. MacGillivray occupied
several senior environmental and community engagement roles in the
mining industry, including as Director, Environment and
Sustainability for Thompson Creek Metals Company, as Manager,
Environment for Coeur Mining and as Environmental Superintendent
for Barrick Gold's Eskay Creek and Snip Mines in northwestern
B.C. Mr. MacGillivray holds a Bachelor of Science in Geology
from the University of British
Columbia.
FPX has granted 250,000 stock options to Mr. MacGillivray.
The stock options have an exercise price of $0.50 per share and will expire on July 19, 2026.
About the Decar Nickel District
The Company's Decar Nickel District claims cover 245
km2 of the Mount Sidney Williams ultramafic/ophiolite
complex, 90 km northwest of Fort St.
James in central British
Columbia. The District is a two-hour drive from Fort St. James on a high-speed logging
road.
Decar hosts a greenfield discovery of nickel mineralization in
the form of a naturally occurring nickel-iron alloy called awaruite
(Ni3Fe), which is amenable to bulk-tonnage, open-pit
mining. Awaruite mineralization has been identified in four target
areas within this ophiolite complex, being the Baptiste Deposit,
and the B, Sid and Van targets, as confirmed by drilling in the
first three plus petrographic examination, electron probe analyses
and outcrop sampling on all four. Since 2010, approximately
US $24 million has been spent on the
exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste
Deposit, which was initially the most accessible and had the
biggest known surface footprint, has been the focus of diamond
drilling since 2010, with a total of 82 holes and over 31,000
metres of drilling completed. The Sid target was tested with
two holes in 2010 and the B target had a single hole drilled
in 2011; all three holes intersected nickel-iron alloy
mineralization over wide intervals with DTR nickel grades
comparable to the Baptiste Deposit. The Van target was not
drill-tested at that time as rock exposure was very poor prior to
more recent logging activity.
As reported in the current NI 43-101 resource estimate, having
an effective date of September 9,
2020, the Baptiste Deposit contains 1.996 billion tonnes of
indicated resources at an average grade of 0.122% DTR nickel,
containing 2.4 million tonnes of nickel, plus 593 million tonnes of
inferred resources with an average grade of 0.114% DTR nickel,
containing 0.7 million tonnes of nickel, both reported at a cut-off
grade of 0.06% DTR nickel. Mineral resources are not mineral
reserves and do not have demonstrated economic viability.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development
of the Decar Nickel District, 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 or ceo@fpxnickel.com.
On behalf of FPX Nickel Corp.
"Martin Turenne"
Martin Turenne, President, CEO and
Director
Forward-Looking Statements
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.
SOURCE FPX Nickel Corp.