Market
Equities Research - Market Bulletin
October 26, 2022 4:08 AM UTC
Québec Nickel Corp Rapidly Developing as Possible Extension of
Nickel-Copper-PGE Deposit is Drilled at Depth, 3 Drill Rigs Active
on Project
The Fortin Sill Ni-Cu-PGE deposit
is rapidly developing, high-grade, and starts at surface.
Drilling on the Fortin Sill
Ni-Cu-PGE deposit is building in-part off step-out intersections
that include 1.85% Ni, 1.65% Cu & 3.27 g/t Pt-Pd-Au over 8.43
m.
3 drill rigs are currently active
on the property, and multiple drill core assay results are
pending.
Quebec Nickel's Ducros Ni-Cu-PGE
project is an outlier in the Abitibi region for the fact it is
yielding grades ~4 - 5 times what is found in the region for
nickel, along with spectacular elevated copper, cobalt,
platinum, palladium, and gold.
Nickel
is an Important Green Energy Commodity and Sulphide Sources of
Nickel are Superior / in High Demand:
According to
The Nickel Institute, nickel is highly ductile, recyclable,
corrosion and oxidation resistant -- characteristics that make it
essential for building infrastructure, chemical production,
communications, energy supply, environmental protection and food
preparation.
Nickel is one of the most important metal alloys in the stainless
steel industry and demand is
forecasted to increase. Nickel is also 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.”
Demand for nickel from battery production is expected to increase
steadily, and clean 'class-1' nickel is most desirable. The purest
nickel comes from sulphide mined sources, they result in a carbon
footprint approximately 20 times lower than dirty laterite sources (which
require enormous energy inputs to upgrade and generate copious
amounts of by-products harmful to the environment).
According to the
International Energy Agency, nickel demand is expected to
increase 40 times by 2040 to meet the need for energy storage and EV
market growth.
------ ------ -----
Eyes on Québec Nickel Corp with
Three Drills Active on its Ducros Ni-Cu-PGE Project:
Last week (October 19, 2022) Québec
Nickel Corp (CSE: QNI) (OTCQB: QNICF) (Frankfurt: 71B) announced
news it has expanded the known sulphide mineralization at the Fortin
Sill Zone, Ducros Project, located approximately 80 kilometres
northeast of Val-d’Or, Québec. This news regarding the possible
extension of the Fortin Sill Zone at depth further affirms the
growing voluminous potential.
Figure 1. (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.
The
new QDG-22-38 sulphide-bearing ultramafic unit occurs
approximately 60 metres below and 50 metres to the
southwest of the currently known extents of the Fortin
Sill Ni-Cu-PGE Zone. Assays are pending, however the
abundance, composition and texture of the sulphides in
QDG-22-38 appear very similar to the mineralization
encountered in hole QDG-22-09 earlier this year; 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.
Also
important to note is that step-out holes QDG-22-28 &
QDG-22-29 are ~25 m SE from aforementioned QDG-22-09;
QDG-22-29 step-out drill intersection (reported on
August 30, 2022) contained 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 -- The Fortin Sill Ni-Cu-PGE deposit is
rapidly developing, high-grade, and starts at surface.
The following URLs have been
identified for additional insight on Québec Nickel Corp.:
The President & CEO of Québec
Nickel Corp, David Patterson, was interviewed on October 20, 2022 as
part of as part of a battery metal investment conference, the
following video is the related interview segment:
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.
Entering October-2022 the company had drilled ~12,000 m of the
planned 20,000 m, it has reported on 29 holes to date, and has 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 a drill on site
conducting 3,000 m as of mid-September-2022). There are currently 3
drill rigs active on the property, 2 are focused on the Fortin Sill
Ni-Cu-PGE Zone.
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. 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.
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.
● 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 actively populating a data-room
to facilitate majors/entities that sign a CA. 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, North & South.
● Mining-friendly jurisdiction at the local, provincial and national
levels. Québec Nickel Corp. has already begun environmental and
community work behind the scenes.
# #
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forward-looking statements regarding future events that involve risk and
uncertainties. Readers are cautioned that these forward-looking statements are
only predictions and may differ materially from actual events or results.
Articles, excerpts, commentary and reviews herein are for information purposes
and are not solicitations to buy or sell any of the securities mentioned.
Contact information:
Fredrick William, BaEc.
Market Equities Research Group
f.william@marketequitiesresearch.com
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