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

Executive Summary

• Fort St. James Nickel Corp. (FTJ) announced a planned 1,000‑meter diamond drilling program for 2026 on the Nepisiguit Property in New Brunswick’s Bathurst Mining Camp.
• The property hosts historic high‑grade intercepts (up to 13% Zn and 8% Pb) and multiple untested targets identified from prior work and third‑party reports.
• FTJ is finalizing a definitive agreement to acquire 100 % of the Nepisiguit Base Metal–Precious Metal Property after completing due‑diligence and target definition.

Key Details

• Drilling Scope: Approximately 1,000 m of diamond drilling slated for 2026 across four priority VMS targets (north, south, east, and central zones).
• Historical Intercepts:
• 1998 hole reported 13.57 % Zn & 8.15 % Pb over 0.20 m; 2.08 % Zn & 0.88 % Pb over 2.00 m.
• Hole 98‑19 intersected 0.69 % Zn & 0.52 % Pb over 0.67 m (near‑surface).
• Recent Work (2021‑2025):
• Six drill holes totalling 1,131 m; magnetite iron formation with anomalous lead values (e.g., 2.61 g/t Pb & 32 % Fe over 1.85 m in NP‑21‑05).
• Additional core samples from NP‑21‑06 showed 3.01–3.11 g/t Pb and 24–35 % Fe.
• Target Areas:
• Southern Zone: Historic lead, zinc, copper mineralization (Stratabound Minerals Corp.).
• Eastern Zone: Unverified EM/IP geophysical anomalies reported by Major General Resources Ltd. (1996, 2000).
• Central/East‑central Zone: Magnetite iron formation with elevated lead; further drilling planned.
• Acquisition Status: Original LOI to acquire 100 % of the property (≈4,675 ha) has been extended; a definitive purchase agreement is expected following due‑diligence completion.
• Qualified Person: David Martin, P.Geo., approved all technical information per NI 43‑101.

Notable Quotes

“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.