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Fjordland Announces Updates on Renzy and North Thompson Nickel Projects
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Fjordland Exploration Inc. (...
About this update from Fjordland Exploration Inc.
[{"type":"text","content":"Fjordland Announces Updates on Renzy and North Thompson Nickel ProjectsVancouver, British Columbia--(Newsfile Corp. - June 17, 2021) - Fjordland Exploration Inc. (TSXV: FEX) (\"Fjordland\" or the \"Company\") is pleased to announce that it has initiated a ground field EM program on the Renzy Nickel-Copper project located near Maniwaki Quebec. A ground-based EM survey is being conducted on 4 zones as a follow up to the VTEM survey initiated in the spring. While the VTEM survey was suspended until the middle of August, it did generate a number of discrete EM anomalies immediately adjacent to the historic mine site and, more importantly, up to 10 km away. Management and Company geologists will be on site next week to help ground truth and collect samples from the area.Fjordland also announces that it has entered into an agreement with CanAlaska Uranium Ltd. to terminate the Hunter/Strong Property Option Agreement (\"Option Agreement) relating to the North Thompson Nickel Project (NTNP). The Option Agreement was executed on April 28, 2020 on the basis that a winter drill program could be initiated in early 2021 (NR2020-5 dated December 2, 2020). Despite applying for a drill permit in January 2020, CanAlaska has still not received permission and there does not appear to be any clarity as to when a permit might be received. Unfortunately, these permitting delays with Manitoba's Ministry of Agriculture and Resource Development have, in the opinion of Fjordland's Board of Directors, resulted in this particular project not meeting its corporate objective of participating as a partner in \"drill ready\" projects. As a result, Fjordland and CanAlaska have mutually agreed to unwind the Option Agreement. Fjordland has agreed to give up any interest in the project upon the return to treasury of 1,000,000 Fjordland common shares from CanAlaska which is in process.About Fjordland Exploration Inc.Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large-scale economic metal deposits located in Canada. Fjordland, as operator, has an agreement to acquire 100% of the Renzy nickel copper project located near Maniwaki Quebec from Quebec Precious Metals. The project encompasses the former Renzy Mine where during the period from 1969 to 1972, 716,000 short tons were mined with average grades of 0.70 % nickel ...