The Orca-Wale property covers 68 km2 and is located 34 km east of Dease Lake in northern British Columbia. The Orca-Wale claim package is centred on a 20 km long package of Cache Creek Formation ultramafic rocks, which is a similar geological setting to the Baptiste deposit and consists of dominantly serpentinized ultramafic rocks.
Awaruite mineralization has been delineated at Orca-Wale through mapping, visual awaruite estimates, geochemical analyses, and ten diamond drill holes. Limited Davis Tube Recoverable (DTR) nickel analyses have been performed, but do confirm the presence of magnetically recoverable awaruite; however, these DTR nickel results also suggest that DTR nickel grades may be may be less than reported nickel-in-alloy results.
Awaruite mineralization at the Orca target has been mapped over 1,400 m by 750 m. 118 rock samples were collected from this zone and returned values from 0.060% to 0.211% nickel in alloy by selective geochemical extraction techniques. DTR nickel analysis were conducted on 62 of these samples, with 34 reporting DTR nickel grades greater than 0.080%.
At Wale, fine-grained awaruite mineralization has been delineated over a strike length of greater than 5 km. Within this area, a coarser grained awaruite zone has been mapped and sampled. This area covers approximately 1,330 m by 170-250 m. Drilling at Wale includes 10 wide spaced diamond holes totalling 2,762 m and covering a strike length of 3.5 km. Significant results include 162 m grading 0.137% Ni in alloy and 261 m grading 0.126% Ni in alloy.
| Hole # | Intersections (m) | Nickel-In-Alloy (%) | ||
|---|---|---|---|---|
| From | To | Intercept | ||
| 12DH-01 | 3.1 | 188.0 | 184.9 | 0.122 |
| 12DH-02 | 4.6 | 340.8 | 336.2 | 0.077 |
| including | 4.6 | 47.3 | 42.7 | 0.103 |
| 12DH-03 | 3.1 | 18.0 | 14.9 | 0.107 |
| 12DH-04 | 258.9 | 407.5 | 148.6 | 0.105 |
| 12DH-05 | 255.1 | 361.9 | 106.8 | 0.104 |
| 12DH-06 | 4.3 | 300.2 | 295.9 | 0.100 |
| including | 128.0 | 207.5 | 79.5 | 0.147 |
| 12DH-07 | 2.6 | 108.8 | 106.2 | 0.083 |
| 12DH-08 | 16.0 | 51.0 | 35.0 | 0.100 |
| 12DH-09 | 31.0 | 303.0 | 272.0 | 0.081 |
| and | 140.0 | 191.0 | 51.0 | 0.145 |
| 12DH-10 | 3.5 | 152.4 | 148.9 | 0.094 |
Note: results were obtained by geochemical analysis and may not represent Davis Tube Recoverable (DTR) nickel grades. DTR nickel values refer to the portion of the total contained nickel that is recovered from a magnetically separated fraction of the sample. Nickel-in-alloy results refer to nickel recovered by a selective geochemical leach which targets only nickel contained in awaruite. While both methods measure nickel in awaruite, awaruite particle exposure and grain size influence each method slightly differently, therefore these results are not directly comparable.
Keith Patterson, P.Geo., Vice President, Exploration for FPX, is a qualified person as defined by NI 43-101. Mr. Patterson has reviewed and approved the technical content of this summary.