FPX - FPX Nickel to Expand Mich Property Exploration with 350% Claim Increase and Summer Surface Program
(NewsDirect)
FPX Nickel CEO Martin Turenne joined SteveDarling from Proactive to FPX Nickel CEO Martin Turenne joined SteveDarling from Proactive to announce the re-initiation of explorationactivities at the Company's Mich property in the Yukon. TheCompany has recently expanded its claims at Mich by over 350% and willconduct a wide-ranging surface sampling program over the summer of2024 with the goal of advancing Mich to drill-ready status.
Turenne told Proactive that the company islooking to conduct geological mapping and surface sampling, aiming toexpand the footprint of known awaruite nickel mineralization, fromwhere previous sampling and drilling has generated positive results.FPX Nickel has been awarded a non-repayable grant under the YukonMineral Exploration Program, which will be used to offset programcosts.
The expanded explorationprogram is designed to leverage historical data and new findings torefine FPX's geological understanding of the Mich property. Thiswill involve detailed geological mapping and systematic surfacesampling to identify new zones of nickel mineralization. By combininghistorical data with new results from the 2024 fieldwork, FPX aims todevelop a comprehensive geological model that will inform the planningof a future drill program.
FPXNickel's recent expansion of its claim area at Mich reflects theCompany's commitment to unlocking the full potential of thispromising nickel project. The significant increase in claim sizeprovides a larger exploration area and enhances the likelihood ofdiscovering additional nickel-rich zones. The surface sampling programscheduled for summer 2024 will be crucial in identifying these zonesand advancing the project to the next stage of development.
The non-repayable grant from the YukonMineral Exploration Program is a testament to the project'spotential and the support of the local government for mineralexploration activities. This funding will help FPX Nickel manageexploration costs and focus on maximizing the value of the Michproperty.
As the company prepares for the 2024 explorationseason, Turenne emphasized the importance of integrating new data withhistorical work to refine their exploration strategy. The synthesis ofthese datasets will enable FPX Nickel to target high-potential areasmore effectively and plan a robust drilling program that aims toconfirm and expand the known nickel resources atMich.
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