VANCOUVER, BC, Jan. 10, 2022 /CNW/ - FPX Nickel Corp. (TSXV:
FPX) (OTCQB: FPOCF) ("FPX" or the "Company") is
pleased to announce the appointment of Erin
Wilson, P. Geo., as the Company's Principal Geologist.
Ms. Wilson, formerly Chief Mine
Geologist with Pure Gold Mining Inc. and Lead Production
Geologist with Newmont Corporation, will lead the exploration
activities and advancement of the geological understanding of FPX's
projects, including the PEA-stage Decar Nickel District in central
British Columbia.
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"We are happy to welcome Erin to our growing team and look
forward to drawing on her deep experience in managing work programs
through the complete project development cycle," commented
Andrew Osterloh, FPX Nickel's
Vice-President, Projects. "Erin has a strong track record of
leading exploration teams in both supervisory and management roles,
having planned, managed and executed work programs covering
early-stage, resource-stage and production-stage assets. As
we move our flagship Baptiste project toward a preliminary
feasibility study and pursue the sizeable exploration potential at
our new Van discovery, she will play a critical role in ensuring
the Company maintains a high standard of technical proficiency and
mutually beneficial collaboration with our First Nations
partners."
Ms. Wilson has over 18 years' experience in exploration,
resource and mine geology. In her previous role as the Chief
Mine Geologist for Pure Gold Mining,
she had oversight and responsibility for mine site geological and
block models, working with senior management in developing
geological work programs and managing a strong safety culture in
compliance with company policies and occupational health and safety
regulations. Prior to joining Pure Gold Mining, Ms. Wilson
worked in a number of roles for Goldcorp and Newmont at the Red
Lake Gold Mines for nine years. As the lead Exploration
Geologist and Production Geologist at the Couchenour Project, she
developed and managed multi-million dollar work programs,
supervising geological site personnel and integrating drill results
for the growth of mineral reserves and resources at the
project. Ms. Wilson holds a Bachelor of Science in Geology
and Geography from the University of
Victoria, and serves as a mentor for International Women in
Mining ("IWiM"), a global organization pursuing gender
equality and promoting women's voices, access to opportunities and
leadership in mining.
FPX has granted 250,000 stock options to Ms. Wilson. The
stock options have an exercise price of $0.55 per share and will expire on January 10, 2027.
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,
petrographic examination, electron probe analyses and outcrop
sampling on all four. Since 2010, approximately US
$28 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 34,000 m 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 bedrock exposures in
the area were very poor prior to more recent logging
activity. In 2021, the Company executed a maiden drilling
program at Van, which has returned promising results comparable
with the strongest results at Baptiste.
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.