Commodities
FPX Nickel Begins Inaugural Drill Program at the Advocate Nickel Property in Newfoundland
FPX Nickel Corp. (TSXV: FPX) (OTCQX: FPOCF) ("FPX" or the "Company") is pleased to announce the recent commencement of a 4,000-metre diamond drill program testing two large-scale targets within the Advocate Nickel Property (the "Property") in Newfoundland.
About this update from Fpx Nickel Corp
VANCOUVER, BC, Aug. 4, 2026 /CNW/ -- FPX Nickel Corp. (TSXV: FPX) (OTCQX: FPOCF) ("FPX" or the "Company") is pleased to announce the recent commencement of a 4,000-metre diamond drill program testing two large-scale targets within the Advocate Nickel Property (the "Property") in Newfoundland. Highlights "The Advocate drill program marks an important milestone in our global generative alliance with JOGMEC," commented Keith Patterson FPX's Vice President, Exploration. "The large-scale, high-grade awaruite targets at Birchy North and Wolverine are similar in size and surface DTR nickel grades to those at the Baptiste deposit, and we look forward to confirming Advocate mineralization with the drill bit." Advocate Nickel Property The Advocate Nickel Property is located in north-central Newfoundland, approximately midway between Deer Lake and the mining town of Baie Verte (Figure 1). The 12,175 hectare land package covers highly prospective, serpentinized ultramafic rocks and includes over 45 km strike length of the Advocate Complex ophiolite. Access is via a high-quality network of logging roads, generally no more than 5 to 10 km from the Trans-Canada Highway or Newfoundland Highway 410. The Property vendor currently operates a deep-sea port at Pine Cove, approximately 50 km northeast of the Property. Birchy North Drill Target As described in the Company's June 23, 2026 news release, the Birchy North Target is delineated by anomalous DTR nickel values of up to 0.13% from top-of-bedrock sampling over an area of approximately 800 m by 350 m. This target area has been significantly expanded to 2.6 km by 700 m using the airborne magnetic data to extrapolate into areas of limited or no sampling. The Company expects to drill holes testing multiple wide-spaced sections covering a strike length of up to 1.2 kilometers (see Figure 2). Wolverine Target As described in the Company's June 23, 2026 news release, the Wolverine target is delineated by anomalous DTR nickel values of up to 0.14% over an area of approximately 2.4 km m by 650 m. This sampled target area corresponds to a consistent high-mag feature which extends over 7 km in strike length and up to 1 km in width. The Company plans an initial drill test of the Wolverine target comprising multiple drill holes primarily targeting areas of high DTR nickel from rock sampling over a strike length of 800 m (se...