Fjordland Exploration Inc. provides an update on the Renzy Nickel Copper project in Quebec
Vancouver, British Columbia – (Newsfile Corp. – September 16, 2021) – Fjordland Exploration Inc. (TSXV: FEX) (“Fjordland” or the “Company”) is pleased to announce the following update on the Renzy copper-nickel project located north of Maniwaki Quebec.
In April 2021, Fjordland launched a VTEM airborne geophysical survey on the group of claims. Preliminary results identified several conductive anomalies in and around the historic Renzy mine before the survey was temporarily suspended during the moose calving season. These initial targets were followed in June and July by ground prospecting and 5 ground electromagnetic loop (EM) surveys.
In August, the VTEM survey was restarted to fly over areas south of the original Renzy area. While still ongoing, initial results identified three of the strongest geophysical conductors comparable to those at the Renzy mine site. These three new targets show good continuity over several flight lines (initial spacing of 200 m). and are 100% owned by Fjordland and outside the area of interest as defined by the Renzy option agreement.
In anticipation of an expanded aerial survey, the Company staked 120 additional claims to the south and east of the original property. The total area of land controlled by Fjordland is now 308 square kilometers.
James Tuer, CEO of Fjordland, commented: “The three new conductive signatures south of the Renzy Shear Zone provide the company with a huge opportunity to find additional ore bodies like the original high grade Renzy mine. of this area never explored by geophysical surveys, other than government magnetic surveys. If these zones are found to harbor nickel mineralization, this will help confirm our theory that the Renzy shear zone could be the conduit for nickel and copper enrichment and may lead to deeper deposits to be discovered. in the future. In the meantime, our intention is to collect enough mineral resources to make the region economically viable.
The ground loop electromagnetic surveys were overseen by Crone Geophysics and Fjordland consultant geophysicist Brian Bengert of Platform Geoscience. Brian is a recognized nickel specialist and was a key member of the team that discovered the underground resources at Voisey’s Bay. Two of the loops confirmed VTEM results with conductors coinciding with each reading. Another loop confirmed a moderately conductive body within a large signature of disseminated sulphides over 3 km. A loop located at the South Alba Lake occurrence, which was previously sampled and drilled in bulk, did not detect a conductor. VTEM results were also negative even though the intersection of drill hole RZ-08-04 returned 0.43% Cu and 0.21% Ni over 6.65 m and the intersection of drill RZ-08-06 0.42 % Cu and 0.21% Ni over 9.00 m. This indicates that nickel can also be present in scattered, non-conductive areas.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mining exploration company focused on the discovery of large-scale economic metal deposits in Canada.
Fjordland, as operator, has an agreement to acquire 100% of the Renzy copper-nickel project located near Maniwaki Quebec from Precious Metals Quebec. The project encompasses the former Renzy mine where, during the period 1969 to 1972, 716,000 short tons were mined with average grades of 0.70% nickel and 0.72% copper. Fjordland staked additional claims to increase the size of the project to 308 km².
In collaboration with Ivanhoe Electric Inc. (formerly High Power Exploration Inc.) and Commander Resources Ltd., Fjordland explores the “Pants Lake Intrusive” target of South Voisey’s Bay, which is in a geological context similar to that of Voisey’s near nickel-cobalt-copper Deposit bay.
Fjordland is currently reviewing its West Milligan copper gold project located within 4 km of Centerra’s Mount Milligan copper gold mine in central British Columbia. The project is a joint venture with Northwest Copper Corp.
Robert Cameron, P. Geo., Technical advisor to the Company, is a Qualified Person for the purposes of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this press release. For more technical information, please visit the Fjordland website at www.fjordlandex.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James Tuer, CEO
For more information:
Phone. : 604-688-3415
This press release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the use of the proceeds of the private placement, and other future plans and objectives of the Company are forward-looking statements. which involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include market prices, general economic, market or business conditions, regulatory changes, the desirability of government or regulatory approvals and other risks detailed herein and from time to time in the filings. carried out by the Company with securities regulatory authorities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
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