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Fjordland Updates South Voisey's Bay and Renzy Nickel Copper Projects
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2021) - Fjordland Exploration Inc...
About this update from Fjordland Exploration Inc.
[{"type":"text","content":"Fjordland Updates South Voisey's Bay and Renzy Nickel Copper ProjectsVancouver, British Columbia--(Newsfile Corp. - November 15, 2021) - Fjordland Exploration Inc. (TSXV: FEX) (\"Fjordland\" or the \"Company\") is pleased to provide an update on its recent exploration activities. These positive results support the Company's plan for robust exploration programs beginning in early 2022. In addition, Commander Resources Ltd. has confirmed that Fjordland has earned its 75% interest in the South Voisey's Bay (\"SVB\") project after meeting its funding commitments and paying Commander the $40,000 option payment and issuing 400,000 Fjordland common shares, pursuant to the Option Agreement. To date, over $3,000,000 has been expended on the project under the Agreement. Fjordland has the option to increase its interest to 100% by funding an additional $5,000,000 in exploration expenses by October 2024 together with a $250,000 cash option payment and issuing 3.0 million Fjordland common shares. Under its agreement with Fjordland, Ivanhoe Electric Inc. (\"IVNE\"), a privately owned US corporation led by Chairman and CEO Robert Friedland, can earn a 65% interest in the SVB project by funding these commitments, leaving Fjordland with a residual 35% interest.Ivanhoe Electric has confirmed to the Company that it is preparing a budget to fund exploration drilling in 2022 based on the preliminary Superconducting Quantum Interference Device (\"SQUID\") survey results at SVB.HighlightsSVB Nickel Project, Voisey's Bay, NewfoundlandSQUID Moving Loop Time domain Electromagnetic (\"MLTEM\") surveying has been completed on the SVB nickel property.Fjordland has now earned its 75% interest in the SVB project with Commander Resources.Preliminary SQUID data indicate new targets warrant drilling of the \"Worm\" Intrusion.Renzy Nickel Project, QuebecVersatile Time domain Electromagnetic (\"VTEM\") heliborne surveying has been completed on the Renzy project in Quebec.Preliminary results highlight 3 high-priority target areas that span multiple flight lines and mimic the Renzy Mine anomaly.These targets represent a new area 10km to 15km south of the Renzy mine on ground that has never been flown for geophysics or drilled in the past.Drill ProgramsThe Company is working on preparing drill programs for both projects in the new year.James Tuer, Fjordland's CEO com...