VANCOUVER, BC, Aug. 31,
2023 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB:
FPOCF) ("FPX" or the "Company") is pleased to
announce that the Company will announce the results of a
preliminary feasibility study ("PFS") on the Baptiste Nickel
Project ("Baptiste") on September 6,
2023. The PFS will mark the culmination of the extensive
de-risking and optimization program that has been undertaken since
the issuance of the Baptiste 2020 preliminary economic assessment
("2020 PEA").
The Company's management will host a live webinar on
Wednesday, September 6 at
10:00 a.m. Eastern (7:00 a.m. Pacific) to provide an overview of the
Baptiste PFS results and to answer questions from
participants. Participants can access the live webinar at the
following link:
https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-fpx-otcqb-fpocf-2023-09-06-100000
A replay of the webinar will be available within 48 hours after
the event at the following link:
https://www.renmarkfinancial.com/vndrs
About the Decar Nickel
District
The Company's Decar Nickel District represents a large-scale
greenfield discovery of nickel mineralization in the form of a
naturally occurring nickel-iron alloy called awaruite (Ni3Fe)
hosted in an ultramafic/ophiolite complex. FPX's mineral
claims cover an area of 245 km2 west of the Middle River
and north of Trembleur Lake, in central British Columbia.
Awaruite mineralization has been identified in several target areas
within the ophiolite complex including the Baptiste Deposit and the
Van Target, as confirmed by drilling, petrographic examination,
electron probe analyses and outcrop sampling. Since 2010,
approximately US $30 million has been
spent on the exploration and development of Decar.
Of the four targets in the Decar Nickel District, the Baptiste
Deposit has been the focus of increasing resource definition (a
total of 99 holes and 33,700 m of
drilling completed), as well as environmental and engineering
studies to evaluate its potential as a bulk-tonnage open pit mining
project. The Baptiste Deposit is located within the Baptiste Creek
watershed, on the traditional and unceded territories of Tl'azt'en
Nation and Binche Whut'en, and within several Tl'azt'enne and
Binche Whut'enne keyohs. FPX has conducted mineral exploration
activities to date subject to the conditions of agreements with
First Nations and keyoh holders.
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.
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.