Nicobi Project

A Magmatic Nickel Sulphide Project

Geological Overview

The Nicobi Project is a magmatic nickel sulphide project located within a mafic-to-ultramafic intrusive complex in the Abitibi Subprovince. Historic exploration drilling until the early 1990s targeted and revealed disseminated to massive sulphide mineralization at the Nicobi showing. Parts of the property underwent systematic drilling in the 1960s, during which previous operators defined a non-compliant resource. A scout drilling campaign in 1991 intersected 37.61 metres at 0.75% Cu and 0.89% Ni from the surface. The historic drilling was all focused on a small area directly over the Nicobi showing in the west of the property. Compilation of historic data and modelling of historic drilling suggests the mineralized body remains open down plunge to the northwest, and untested along strike in either direction. The intrusive complex continues for at least 2 km to the north west, and remains largely unexplored.

2024 Infinico Drilling

In January 2024 Infinico conducted a 1,160 metre drill program. The program was designed test the thickness of the mineralized body and step out to the north and northwest. The best intercept from the program was 51.94 m at 1.37% Ni, 0.38% Cu, 418 ppm Co & 0.16 g/t 2PGE from 6.10 m. The drilling highlighted exceptional nickel tenors of 8.2% over the 51.94 metre intersect, as well as magmatic and tectonic breccia textures within the mineralization, consistent with a dynamic high energy mineral system.

Location and Access

The Nicobi property is located 54 km northeast of Lebel-Sur-Quévillon and 3 hours drive north east of the mining hub of Val-d’Or. The project is fully accessible by road with near by rail tracks and power supplies.