Quebec Nickel Corp. announces its listing on the Canadian Securities Exchange and start of trading


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Vancouver, British Columbia – (Newsfile Corp. – July 1, 2021) – Quebec Nickel Corp. (CSE: QNI) (“Quebec Nickel Corp.“or the”Company“) is pleased to announce that it has received final approval to list the common shares of the Company on the Canadian Stock Exchange (the” CSE “).

Registration date :

Trading in the Company’s common shares on the CSE is expected to begin when the market opens on July 2, 2021. The Company’s common shares will trade under the symbol “QNI. “

Company Highlights:

  • Low free float of 35.9 million shares outstanding and 53.2 million fully diluted shares;

  • 100% interest in the Ducros Group property, consisting of 239 mining claims covering a total area of ​​12,818.63 hectares;

  • Located approximately 80 kilometers northeast of the city of Val-d’Or, Quebec, in the heart of the Abitibi greenstone belt;

  • Magmatic nickel-copper-PGE sulphide mineralization hosted in known ultramafic intrusive units (dunites) associated with historical mineralized occurrences defined by surface sampling and drilling

  • Potential for both bulk tonnage and high grade nickel sulfide zones with significant copper and platinum + palladium mineralization, based on existing historical exploration work conducted only on limited sections of the large intrusions ultramafics (dunites) indicated on the property;

  • The 2020 exploration program consists of a 14.7 linear km ground electromagnetic survey (ARMIT-TDEM) on the Fortin showing. The survey identified a total of fifteen (15) surface EM anomalies grouped into two (2) trends and five (5) individual targets; and

A technical report in accordance with National Instrument 43-101 on the property of the Ducros Group has been filed and is available on SEDAR. The report was prepared by Alain-Jean Beauregard, P.Geo. (OGQ # 227) and Daniel Gaudreault, ing. (OIQ # 39834), of Geologica Groupe-Conseil Inc., based in Val-d’Or, Quebec. The technical report also includes a description of the project history, geology, mineralization, drilling, sampling procedures and quality assurance / quality control laboratory procedures, as well as recommendations. The highlights, conclusion, recommendations and proposed work program for 2021 of the authors of NI-43-101 are summarized below for the information of readers.

David Patterson, CEO of Québec Nickel, comments: “July 2, 2021 will mark an important milestone for the Company as we begin trading on the CSE. The Quebec Nickel team did an excellent job creating this brand new resource exploration company. We look forward to creating shareholder value by exploring our Ducros Group property in Quebec, Canada. Finally, I would like to thank our shareholders for their continued support as we strive to become a leader in exploration and development.

The company’s world-class Canadian nickel ownership

The Ducros claims consist of 239 mining claims covering 12,818.63 hectares and are 100% owned by Quebec Nickel Corp. The Property is located in the southern area of ​​the Lebel-Sur-Quévillon mining camp.

Highlights of the NI 43-101 report:

  • The Ducros Group property is located at the northwest end of a northwest trending deformation corridor in the eastern part of the Abitibi greenstone belt. The Chicobi Deformation Corridor rests on felsic to metamorphosed mafic volcanic flows and gabbroic intrusions covered by metasedimentary rocks with protoliths of grauwacke, argillite and siltstone. These rocks were locally intersected by ultramafic rocks (peridotite, dunite, pyroxenite and gabbro);

Figure 1
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  • Only limited exploration work has been performed on the current properties with the aim of exploring potential nickel-copper-EGP mineralization on a large ultramafic intrusive complex (dunite). Currently, two Nickel-Copper-PGE magmatic sulphide showings exist on the current property and have only been subject to limited surface drilling and sampling. However, based on the large ultramafic intrusions (dunites) mapped, considerable potential exists to delineate new sulphide occurrences or extensions of known historical exploration at depth and along strike.

  • Ni-Cu-PGE indices

  • The Fortin showing is hosted by an ultramafic sill-type intrusion, recently interpreted as dunite. The dunite host rock is exposed to a surface of more than 24 meters by 58 meters. A series of well-mineralized iron caps along the eastern flank of the outcrop support abundant pyrrhotite and chalcopyrite. Five (5) grab samples were taken in the fall of 2004 in the area of ​​the Pyroxenite showing. The best results come from sample 116101, which gave 0.49% Ni, 1.46% Cu, 0.86 gpt Pt and 1.79 gpt Pd, 0.67 gpt Au. The southern part of the exposed pyroxenite body was channel sampled in August 2007. The 5.08 m channel yielded 0.42% Ni, 1.30% Cu, 0.75 gpt Pt and 0.83 gpt Pd, 0 , 55 gpt Au

A seven (7) hole 639 m diamond drilling program, designed to track surface sampling results and test for PP anomalies, was completed in 2008. Drill hole GCF-08-07, which undercut the pyroxenite showing, gave the important results of 0.35% Ni, 0.41% Cu 0.23 g / t Pt, and 0.25 g / t Pd, 0.17 g / t Au over 23.20 m (from 2.0 m to 25.20 m downhole).

Geologica’s data verification resampling shows excellent correlation with analytical results obtained from surface samples and drill core samples from 2004 and 2008.

Figure 2
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figure 3

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Figure 4
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  • Sill Ducros: located in the central part of the Property, which intersects mafic metavolcanic rocks poor in sulphide and carries anomalous nickel values. The Ducros weir is estimated to be 3 kilometers long and up to 600 meters wide, and contains historically reported Ni values ​​in drill hole intersections. For example, in 1987, Abitibi Resources Ltd. reported the following borehole values: DU 87-05: 193 m of 0.177% Ni, DU 87-06: 67 m of 0.17% Ni and DU 87-07: 134 m of 0.15% Ni ( GM47268).

  • Based on the significant results obtained in the exploration programs from 2004 to 2007, the recognition of the ultramafic (dunite) nature of the Fortin and Ducros sills, the known Ni-Cu-EGP showings, the induced polarization anomalies ( PP) untested, recent electromagnetic survey results (ARMIT-TDEM), as well as the potential for additional mineralization along the direction of these zones and other untested ultramafic intrusions, further work is recommended on the property.

Proposed work program for 2021

Based on the findings and recommendations of the NI43-101 report, the report authors recommended that a phased and systematic exploration program be designed and implemented to delineate areas with a known or high probability of magmatic mineralization. nickel-copper-PGE and to discover new zones of similar mineralization.

The first phase, $ 375,000, is recommended to include a property-scale helicopter-borne magnetic-electromagnetic survey, property compilation and 3D geological model, property-scale mapping, prospecting and sampling, mechanical outcrop stripping, mapping and drilling programs.

About Quebec Nickel Corp.

Quebec Nickel Corp. is a mining exploration company focused on the acquisition, exploration and development of nickel projects in Quebec, Canada. The Company holds a 100% interest in our Groupe Ducros property, consisting of 239 contiguous mining claims covering 12,818.63 hectares in the Abitibi region located in Quebec, Canada. Additional information on Quebec Nickel Corp. are available at www.quebecnickel.com

On behalf of the Board of Directors, CORP.

“David Patterson, CEO”

For more information, please contact: Elyssia Patterson, CFO

Phone. : +1 (778) 683 4324

Email: [email protected]

Neither the Canadian Securities Exchange nor its regulatory services provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performances or achievements of Québec Nickel, or developments in the industry to differ materially from the anticipated results, performances or achievements. expressed or implied by these forward-looking statements. staring statements. Forward-looking statements are statements which are not historical fact and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends to”. “,” Believes “,” projects, “” potential “and similar expressions, or that events or conditions” will “,” would “,” could “,” could “or” should “occur.

Although Québec Nickel believes that the forward-looking information contained in this press release is reasonable based on the information available at the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and ” other factors that may result, performance or achievement, or other future events, be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

The forward-looking information contained in this press release represents the Company’s expectations as of the date of this press release and, therefore, is subject to change after this date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. Although the Company may choose to do so, it does not undertake to update this information at any given time, except as required in accordance with applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/89237

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