FPX Nickel Announces Board Appointment of Peter Marshall and Provides Update on Decar Nickel Project Drilling Program
VANCOUVER, British Columbia, Sept. 07, 2017 (GLOBE NEWSWIRE) -- FPX Nickel Corp. (TSX-V:FPX) (“FPX Nickel” or the “Company”) is pleased to announce the appointment of Peter Marshall, P. Eng., to the Board of Directors, effective immediately.
Mr. Marshall was most recently the Vice-President of Project Development for New Gold Inc., where he led the completion of the feasibility study for the Blackwater gold project in central British Columbia. Prior to joining New Gold, Peter was the Senior Vice President of Project Development for Terrane Metals Corp. (“Terrane”) and was responsible for managing the technical development of the Mt. Milligan copper-gold project, located in central British Columbia, from the preliminary economic assessment (“PEA”) through to final feasibility and the commencement of project design and construction, before the acquisition of Terrane by Thompson Creek Metals Company Inc. for $650 million in 2010. Mr. Marshall is a Member of the Association of Professional Engineers of British Columbia and holds a Bachelor of Science in Civil Engineering from the University of British Columbia.
“We are happy to welcome Peter to the FPX Nickel Board,” commented the Company’s Chairman, Peter Bradshaw. “Peter possesses extensive experience working in central British Columbia, and has an excellent track record in managing all aspects of mine development, including permitting, First Nations engagement, and technical optimization. In particular, Peter is widely recognized as a leader in the development and construction of bulk-tonnage, open-pit mining operations in Canada, and he will play a critical role in helping us to advance our flagship Decar nickel project toward a revised PEA and the commencement of project permitting.”
The appointment of Mr. Marshall is subject to receipt of approval from the TSX Venture Exchange and the Securities Regulatory Authorities. Mr. Marshall has been granted options on 250,000 shares of the Company’s common stock, exercisable at a price of $0.15 per share for a five-year period commencing on September 6, 2017.
Further, the Company is pleased to announce that it has commenced its summer 2017 drilling program at Decar (see FPX Nickel Corp. news release dated August 10, 2017). The Company is executing a minimum 2,000-metre step-out drilling program to test the southeast extension of the Baptiste deposit at Decar. The drilling program is expected to conclude by September 30, 2017.
About FPX Nickel Corp.
FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company’s website at www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681-8600.
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.
