Fjordland Exploration Inc. announced that in conjunction with Ivanhoe Electric Inc. and Commander Resources Ltd, the Company is preparing for a summer drill program on the South Voisey's Bay nickel project located in Labrador. In order to earn its 65% interest in the project, IE is required to spend CAD 5 million on exploration by October 31, 2024. For the 2022 field season, IE has committed to a maximum 2,500m drill program.

Located 75 km south of Vale's operating high-grade Voisey's Bay nickel mine, the South Voisey's Bay Pants Lake Intrusive is believed to have the potential for hosting a massive sulfide nickel deposit similar to the Voisey's Bay deposit. Nickel sulfide in varying amounts occurs in the vast majority of the previous drill holes assayed within the Pants Lake intrusive. As an example, in 1997, Donner Resources Ltd. reported a 1.1m intercept of 11.6% nickel, 10.2% copper and 0.41% cobalt in drill hole SVB 97-75 on ground now adjacent to Fjordland's project.

The goal of this summers drill program is to locate conduits within the SVB system where nickel bearing magma has flowed back into structural traps and accumulated into economic volumes.