Fjordland Updates South Voisey’s Bay and Renzy Nickel Copper Projects
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Suite 1100 – 1111 Melville Street Tel: (604) 688-3415
Vancouver, B.C. V6E 3V6 Email: [email protected]
TSX-V: FEX
FOR IMMEDIATE RELEASE NR2021-14
Fjordland Updates South Voisey’s Bay and Renzy Nickel Copper Projects
Vancouver, BC, November 15, 2021 ─ Fjordland Exploration Inc. (TSX-V: 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.
Highlights
SVB Nickel Project, Voisey’s Bay, Newfoundland
• SQUID 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, Quebec
• Versatile 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 Programs
• The Company is working on preparing drill programs for both projects in the new year.
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Suite 1100 – 1111 Melville Street Tel: (604) 688-3415
Vancouver, B.C. V6E 3V6 Email: [email protected]
James Tuer, Fjordland’s CEO commented, “I’m very encouraged by this year’s exploration results. The
work programs have been primarily geophysics -based, building on previous work in areas known for
hosting nickel copper deposits. We look forward to presenting the final interpretation from our geophysical
contractors, Discovery Geophysics and Geotech, in the near future. In the meantime, we believe that the
preliminary data has delivered us some excellent drill targets on both projects. We are in the process of
securing the required permitting and a drill contractor for initiating a drill program for Renzy at the
beginning of 2022.”
Upon receipt of the final product from the survey contractors, the Company will update its website and
corporate presentation with the appropriate maps and information.
Robert Cameron, P. Geo., a technical advisor to the Company, is a qualified person within the context
of National Instr ument 43-101 and has read and takes responsibility for the technical aspects of this
release. Preliminary review of geophysical data with project contractors and partners has recognised
the presence of conductors as described but final data processing and contractor reports have not been
received. For further technical information please visit Fjordland’s website at www.fjordlandex.com
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a mineral exploration company that is focused on the discovery of large-
scale economic metal deposits in Canada.
In collaboration with Ivanhoe Electric Inc. and Commander Resources Ltd., Fjordland is exploring the
SVB “Pants Lake Intrusive” target which is in a geologic setting analogous to the nearby nickel -cobalt-
copper Voisey’s Bay deposit. Fjordland has earned a 75% interest in the project.
In addition to the SVB project, Fjordland, as operator, has an agreement to acquire 100% of the Renzy
nickel-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 and 0.72% copper. Fjordland has staked additional claims to increase
the size of the project to 308 sq. km.
As well, Fjordland is currently funding a small survey on its West Milligan copper -gold project located
within 4 km of Centerra’s Mount Milligan copper -gold mine in central British Columbia. The project is a
joint venture with Northwest Copper Corp.
ON BEHALF OF THE BOARD OF DIRECTORS
“James Tuer”
James Tuer, CEO
For further information:
James Tuer
Ph: 604-688-3415
www.fjordlandex.com
Forward-Looking Statements
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Suite 1100 – 1111 Melville Street Tel: (604) 688-3415
Vancouver, B.C. V6E 3V6 Email: [email protected]
This news release includes certain forward-looking statements or information. All statements other than statements of historical
fact included in this news release, including, without limitation, statements regarding the use of proceeds from the private
placement, and other future plans and objectives of the Company are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
materially from the Company's plans or expectations include market prices, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in
the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.