Québec Nickel Corp. Provides an Update of Exploration Activities at Its Ducros Project, Abitibi, Québec - Seite 3

In addition, data from the recently completed 2022 VETM electromagnetic-magnetic survey define a subtle but distinctive magnetic high response that is coincident with the central axis of the historical I.P. chargeability anomaly and the Fortin Sill Ni-Cu mineralized stripped outcrop area (Figure 2). Project personnel interpret the coincidental nature of the two geophysical anomalies at the Fortin Sill Target to be a direct response to the amount and style of sulphide mineralization and/or host rocks known to occur at surface and from historical and recently drilled core. Future drilling will focus on testing these geophysical features along strike to the northwest and southeast of the Fortin Sill Zone.

As such, a permit to complete additional drilling at the Fortin Sill target has recently been received from the Québec Government that will allow for the creation of multiple new drill pads adjacent to and along the interpreted strike of the Fortin Sill Ni-Cu-Co-PGE-Au Zone. The continued drilling of this target will commence once the necessary access trails and drill pads have been cleared.

Ongoing and Future Work Plans at Ducros
QNI has recently expanded its Val-d’Or-based Ducros Project team which will allow for the start of additional field-based work programs. Some of the planned summer field programs and new exploration data acquisition projects include:

• Channel sampling of the Fortin Sill discovery outcrop:
  • Systematic channel sampling across the entire mineralized Fortin Sill stripped outcrop exposure;
• Property-wide biogeochemistry survey:
  • A Black Spruce bark sampling program, which will cover the entire >15,000 Hectare Ducros property, and will start with a tightly spaced orientation survey over the Fortin Sill Target Zone;
• High-resolution satellite imagery:
  • The collection of 50 cm resolution satellite imagery over the entire project area;

• Fixed-wing gravity survey:
  • Collection of airborne gravity gradiometer, gravity and magnetic data over the entire Ducros project area;
• High resolution UAV magnetic surveys over specific targets:
  • A high-resolution 250 line-kilometer UAV magnetic survey over the Fortin Sill target area was completed in May; the data are currently being processed. Additional detailed flight blocks will be flown over specific targets this summer to help refine final drill targets.

Québec Nickel at PDAC 2022