VANCOUVER, BC, April 12,
2022 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
announce the appointment of Anne
Currie to the Board of Directors, effective
immediately. Ms. Currie is a recognized leader in the
permitting of major Canadian mining projects, with over 30 years of
experience in the private and public sector, including as a former
senior partner with the leading global consultancy Environmental
Resources Management ("ERM"), and in her prior role as
British Columbia's Chief Gold
Commissioner, the chief regulatory authority for the Mineral Tenure
Act.
"We are very happy to welcome Anne to the FPX Board," commented
the Company's Chairman, Peter
Bradshaw. "Anne has an exceptional track record in
steering the environmental assessment and permitting processes for
major mining projects in British
Columbia, including for the KSM, Brucejack, Kemess
Underground, and Blackwater projects. As a recognized leader
in the Canadian mining industry, she will help us to advance our
flagship Baptiste Deposit at the Decar Nickel District, and support
management in fostering the development of relationships with
government officials at the regional, provincial and federal
levels, and with our Indigenous partners."
In her present role, Ms. Currie is advising Canadian mining
companies on permitting applications, stakeholder and Indigenous
engagement, and sustainability and ESG reporting and
disclosure. She holds a Bachelor of Science from the
University of Guelph and a Master of
Public Administration from the University of
Victoria.
The appointment of Ms. Currie is subject to receipt of approval
from the TSX Venture Exchange and the Securities Regulatory
Authorities. Ms. Currie has been granted options on 250,000
shares of the Company's common stock, exercisable at a price of
$0.80 per share for a five-year
period commencing on April 11,
2022.
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 targets. 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 99 holes and 33,700 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.