Fort St. James to Drill Multiple High-Priority VMS Targets Including Historic 13.6% Zn / 8.15% Pb Zone at Nepisiguit, Within Bathurst Mining Camp - Northern New Brunswick
Fort St. James to Drill Multiple High-Priority
VMS Targets Including Historic 13.6% Zn /
8.15% Pb Zone at Nepisiguit, Within Bathurst
Mining Camp - Northern New Brunswick
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - Fort St. James Nickel Corp.
(TSXV: FTJ)
("
FTJ
" or the "
Company
") is pleased to announce it is planning a diamond drilling
program for 2026 at the Nepisiguit Property, located in the famous Bathurst Mining Camp in northern
New Brunswick.
Nepisiguit Property Priority Exploration Targets
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"With historic intercepts exceeding 13% zinc and 8% lead, and several untested targets across
the property, we believe Nepisiguit is poised for a major breakthrough. This upcoming drill
program is a significant step toward unlocking that potential,"
- Barry Brown, President.
FTJ has compiled historical exploration information for the property and has identified multiple
target areas for exploration for volcanogenic massive sulfide deposits including four priority
targets areas. The Company is planning a 1000-meter diamond drilling program during 2026 at
the property. The Nepisiguit Property borders the Heath Steele Property of Glencore Canada
Corp, site of the historic Heath Steele Mine.
During 2021, the Company announced it had entered into a letter of intent agreement with a private
company to acquire 100% interest in the Nepisiguit Base Metal - Precious Metal Property located within
the Bathurst Mining Camp of northern New Brunswick. The property consists of one mineral claim (claim
no. 8116), covering an area of approximately 4,675 hectares. The term of the original letter of intent has
been extended. A definitive agreement is expected to be negotiated between FTJ and the private
company regarding the Nepisiguit Property now that FTJ has completed a due diligence review of the
property and identified exploration targets.
Nepisiguit Claim Map
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The Company has incurred exploration expenditures on the Nepisiguit Property, including diamond
drilling (six holes totaling 1,131 meters) during 2021 and prospecting and rock geochemical sampling;
soil geochemical sampling; magnetometer geophysical surveys; and drill core sampling during 2021-
2025.
Magnetite iron formation with anomalous levels for lead and intervals of semi-massive
pyrite were intersected in 2020-2021 drill holes in the east-central region of the property
establishing a target area for the Company. Drill core sample analysis of magnetite iron
formation intervals from two 2021 drill holes in this area revealed anomalous levels of lead in
some samples. A 1.85 - meters long (core length) interval in drill hole NP-21-05 graded 2614
parts per million (ppm) lead (0.2614% Pb) and 32.0% iron. Four core samples (each 1.00 meters
long - core length) from drill hole NP-21-06 returned lead values in the 3010 - 3110 ppm range
(0.301 - 0.311% Pb) and iron values in the 24.0 - 35.1% range.
FTJ is planning additional diamond
drilling in this area.
FTJ has identified a target area for diamond drilling in the southern region of the Nepisiguit Property.
Stratabound Minerals Corp. reported lead, zinc and copper mineralization in this area during 1997 -
1998.
A 1998 drill hole reported in this area was reported to intersect 13.57% zinc and 8.15% lead
over 0.20 meters core length; and 2.08% zinc and 0.88% lead over 2.00 meters core length
(Lutes, 1998).
FTJ has not verified this mineralization. FTJ has located two drill collars in this target
area, interpreted by the Company as Stratabound holes 98-15 and 98-19.
Hole 98-19 was reported to
intersect near-surface intervals of anomalous lead and zinc including 0.69% zinc and 0.52% lead
over 0.67 meters core length (Lutes, 1998).
FTJ has identified target areas for diamond drilling in the east region of the Nepisiguit Property. Major
General Resources Ltd. reported geophysical anomalies (electromagnetic and induced polarization) in
this region during 1996 and 2000 (LeBel, 1996 and Gill, 2000). FTJ has not verified these geophysical
anomalies.
The Company is in the process of outlining a diamond drilling program for 2026 of approximately 1000
meters, testing some or all of these target areas.
David Martin, P.Geo. (New Brunswick and Newfoundland and Labrador), a Qualified Person as defined
by NI 43-101 and Project Geologist for Fort St. James Nickel Corp., approved the technical information
contained in this News Release.
ON BEHALF OF THE BOARD,
"Barry Brown"
President
Fort St James Nickel Corp. 604-488-3900
Forward-Looking Statements
This news release includes certain statements that constitute "forward-looking statements" within the
meaning of applicable securities law, including without limitation, statements that address the Private
Placement and the listing on TSXV Tier 2, and other matters. Forward-looking statements address future
events and conditions and are necessarily based upon a number of estimates and assumptions. These
statements relate to analyses and other information that are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions of management. Any statements that
express or involve discussions with respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans",
"estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not
statements of historical fact and may be forward-looking statements. Forward-looking statement are
necessarily based upon a number of factors that, if untrue, could cause the actual results, performances
or achievements of the Company to be materially different from future results, performances or
achievements express or implied by such statements. Such statements and information are based on
numerous assumptions regarding present and future business strategies and the environment in which
the Company will operate in the future, including the price of metals. While such estimates and
assumptions are considered reasonable by the management of the Company, they are inherently subject
to significant business, economic, competitive and regulatory uncertainties and risks. In particular, there
is no guarantee that exploration work, as proposed, or otherwise, will be completed on the Company's
properties.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual
events, level of activity, performance or results to differ materially from those reflected in the forward-
looking statements, including, without limitation: (i) risks related to commodity price fluctuations; (ii) risks
and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent
uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses; (iv)
that resource exploration and development is a speculative business; (v) that the Company may lose or
abandon its property interests or may fail to receive necessary licences and permits;
(vi) that
environmental laws and regulations may become more onerous;
(vii) that the Company may not be able
to raise additional funds when necessary; (viii) the possibility that future exploration, development or
mining results will not be consistent with the Company's expectations; (ix) exploration and development
risks, including risks related to accidents, equipment breakdowns, labour disputes or other unanticipated
difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for
delays in exploration or development activities or the completion of geologic reports or studies; (xii) the
uncertainty of profitability based upon the Company's history of losses; (xiii) risks related to
environmental regulation and liability; (xiv) risks associated with failure to maintain community
acceptance, agreements and permissions (generally referred to as "social licence"); (xv) risks relating to
obtaining and maintaining all necessary government permits, approvals and authorizations relating to the
continued exploration and development of the Company's projects; (xvi) risks related to the outcome of
legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks
related to current global financial conditions; and (xx) other risks and uncertainties related to the
Company's prospects, properties and business strategy. These risks, as well as others, could cause
actual results and events to vary significantly. There can be no assurance that planned exploration will be
completed as proposed or at all, or that economic resources will be discovered or developed at the
Company's properties. Accordingly, actual results may differ materially from those currently anticipated in
such statements.
Factors that could cause actual results to differ materially from those in forward-looking statements
include, but are not limited to, continued availability of capital and financing and general economic,
market or business conditions, equipment failures, the loss of key directors, employees, advisors or
consultants and fees charged by service providers. Investors are cautioned that forward-looking
statements are not guarantees of future performance or events and, accordingly are cautioned not to put
undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The
forward-looking statements included in this news release are made as of the date hereof and the
Company 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 expressly required by
applicable securities legislation.
Neither 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.
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