Quesnel Nickel Project

Overview

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The Quesnel Nickel Project is an exciting, early-stage nickel project with the correct geological and geophysical characteristics to host nickel-alloy mineralization, with many similar features to the Decar District. When Green River Gold Corp. staked the Fontaine property in 2019, management was aware of the possibility of significant other mineral occurrences, beyond just gold.

The Quesnel Nickel Project consists of 36 contiguous mineral claims comprising over 200 sq. km and the project area covers a favorable linear NW-SE striking geological unit approximately 30km by 13km hosting nickel mineralization in serpentinite and sheared ultramafic rock, a similar geological host as the Trembleur ultramafic rocks found at Decar. With 2,434,965 tonnes of contained metal at a grade of 0.12% Ni, Decar has been recognized by www.mining.com as the third top nickel project in the world. (See article here)

Drone Footage from the Quesnel Nickel Project

Geology

Government aeromagnetic data over the Quesnel Nickel Project indicates the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of the favorable geologic unit. This is similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout in the Decar District.

Technical Presentation

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Within the Quesnel Nickel Project area there are 6 BC MINFILE occurrences as follows:

Z

093A 013

Z

093A 130

Z

093A 139

Z

093H 061

Z

093H 153

Z

093H 245

The six BC MINFILE occurrences are based on exploration work documented in 21 BC ARIS and 12 BC Property File reports, as well as various government agency reports and maps.

Within the property, limited rock sampling and analyses indicates nickel grades of 0.1 to 0.2% have been found in ultramafic rocks, comparable to those in the Decar District. Preliminary metallurgical work completed in 1971 has suggested the presence of nickel sulphide or nickel alloy minerals, but no Davis Tube analyses appear to have been conducted on any of the samples to confirm the presence of nickel alloys minerals, such as awaruite.

A September 10, 1971 report by Findlay Consultants Limited of Morrisburg, Ontario, publicly available in BC Property File stated the following in a report to Cypress Exploration: “Mr. Trifaux (owner) has submitted a list of 17 undocumented grab sample assays with nickel values ranging from 0.15 to 0.26 per cent and an arithmetic mean of 0.22 per cent to Dr. O.R. Eckstrand, Geological Survey, Ottawa”. Furthermore “the owner (Trifaux) has had a preliminary metallurgical (separation) study conducted by Ferromagnetic Laboratories, Montreal. This study indicated that up to 54 per cent of the total rock nickel was recoverable in -200 mesh grind magnetic separations – indicating that about half the nickel is in non-silicate (sulphide, F./Ni alloy, magnetite, etc.) matrix”. This information should not be relied upon since it has not been independently confirmed by the Company.

Assessment Report