SPC Nickel Completes MobileMT Survey and Launches Summer Field Program at the Muskox Cu-Ni-PGM Project, Nunavut
SPC Nickel Completes MobileMT Survey and
Launches Summer Field Program at the
Muskox Cu-Ni-PGM Project, Nunavut
HIGHLIGHTS
1,020-line km MobileMT electromagnetic survey completed – the first of its kind at the
Muskox Project and the first airborne geophysical survey in over 20 years
Summer field program launched to conduct detailed geological mapping and sampling of
high-priority targets. Results will directly inform the next phase of exploration, including
future drilling
Expanded land position through strategic staking of an additional 65 km
2
of the most
prospective ground in the region
SUDBURY, ON
,
Aug. 11, 2025
/CNW/ -
SPC Nickel Corp.
(TSX-V:SPC)
("SPC Nickel" or the
"Company")
is pleased to announce the start of a focused field program at its 100%-owned 496
km
2
Muskox Cu-Ni-PGM Project ("Muskox Project" or the "Project"), located in
Nunavut, Canada
.
This program complements the recently completed property-wide 1,020 line-km MobileMT
electromagnetic geophysical ("MobileMT") survey and is designed to further refine priority drill
targets in this vast, underexplored copper-nickel-PGM system.
SPC Nickel's MobileMT survey, the first of its kind completed over the highly prospective Muskox
Intrusion and the first airborne geophysical survey completed in over 20 years on the Project,
collected deep-penetrating geophysical data to help map potential conductive targets beneath the
Muskox Intrusion (Results pending; see news release
here
). In preparation for this work, SPC Nickel
strategically expanded its land position by staking an additional 65 km², increasing the Muskox
Project's total size and further consolidating its control over the most prospective ground in the
region. By immediately following up the MobileMT survey with a comprehensive field program, the
Company will maximise the seasonal exploration window while efficiently advancing the Muskox
Project by aggressively deploying the proceeds from the Company's successful
$3.5 million
Rights
Offering (See news release
here
).
Historical drill results underscore the exceptional mineral potential of the Muskox Intrusion, including:
7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au)
1
by Silvermet Corporation
in 2007 and
13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM
2
by Equinox Resources Ltd. in 1987
Grant Mourre
, CEO, said,
"With the MobileMT survey providing unprecedented visibility into the
mineralizing structures of the Muskox Intrusion, this follow on field program will help us validate
and refine targets with surface mapping and sampling. Muskox has all the hallmarks of a major
magmatic sulphide system. We are committed to unlocking its potential in a systematic manner by
drawing on historic data from our proprietary database and the accumulated knowledge of multiple
exploration seasons on site. With the completion of our recent Rights Offering, we are wasting no
time putting investors' funds to work to advance this exciting project."
During the course of the field program, SPC Nickel's team will conduct detailed geological mapping
and sampling high-priority targets. These efforts will enable us to better understand the styles and
controls of mineralization associated with the Muskox Intrusion and will directly inform the next phase
of exploration, including future drilling.
Follow SPC Nickel for real-time logistical updates from the field:
:
@SPC Nickel Corp
X (Twitter)
:
@CorpSpc
A detailed overview of the Muskox Project may be found in the project presentation
here
About the Muskox Intrusion
Originally discovered in the 1950s by Inco, SPC Nickel's Muskox Project, located in
Nunavut,
Canada
, represents one of the most prospective greenfield polymetallic copper, nickel, and PGM
projects globally. The district-scale land package (496 km
2
) covers the majority of the Muskox
Intrusion, a large, layered mafic-ultramafic body with striking geological similarities to some of the
world's most significant copper-nickel-PGM deposits, such as the massive Norilsk-Talnakh deposit
that contains in excess of 28.7 Mt of nickel and 48.9 Mt of copper
3
(reserves and resources, as of
January 1, 2025
).
The Muskox Intrusion is one of the largest and least deformed layered mafic to ultramafic bodies in
the world. It was emplaced during a large magmatic event (Mackenzie Magmatic Event) in the
Proterozoic by mantle plume volcanism related to the widespread Coppermine River Group flood
basalts. The intrusion is broadly composed of two distinct, but related, components called the Main
Muskox Intrusion and the Feeder Dyke, which combined are exposed over a length of 125 km, and
range in width from 200-600 metres in the Feeder Dyke to 11 km in the Main Body of the intrusion.
Previous exploration programs completed over a roughly 60-year period identified widespread high-
grade polymetallic sulphide mineralization along the basal contact of the intrusion or in the adjacent
footwall, similar to the
Sudbury
and Norilsk-Talnakh camps. Historical drill highlights from the Muskox
Project include:
7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au)
1
by Silvermet Corporation
(2007) and
13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM
2
by Equinox Resources Ltd. (1987).
These results, combined with an extensive footprint of magmatic sulfide mineralization, historical
high-grade drill intercepts, untested geophysical targets and limited modern follow-up, underscore
the Project's exceptional discovery potential.
Reference
1
.
Vivian, Gary (2007). Muskox Project,
Nunavut
, 2007 Drill and Geophysical Survey Program
Annual Report for Prize Mining, Assessment report. 57 p., 8 data Appendices.
2
.
Page, J.W., Culbert, R.R. and Martin, L.S. (1988). Geochemical, geophysical and diamond
drill reports on the Muskox property, NWT. Equinox Resources Ltd. DIAND Assessment report
082562. 56 p., 3 data Appendices.
3
.
Nornickel Annual Report 2024.
Quality Assurance, Quality Control and Qualified Persons
The technical elements of this news release have been approved by Mr.
Grant Mourre
, P.Geo.
(PGO), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument
43-101.
The historical information shown in this news release was obtained from historical work reports filed
by Equinox Resources Ltd. and Silvermet Corporation have not been independently verified by a
Qualified Person as defined by NI 43 101.
About SPC Nickel Corp.
SPC Nickel is a Canadian public corporation focused on exploring for high-grade polymetallic Cu-Ni-
PGM mineralization in
Nunavut
and within the world-class Sudbury Mining Camp. SPC Nickel is
currently exploring its unique district-scale polymetallic Muskox Project in
Nunavut
where the team is
conducting a field program during the summer of 2025. The Company is also advancing its 100%-
owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp,
which includes the West Graham Resource and the LKE Resource. SPC Nickel is committed to
advancing high-potential polymetallic projects in Tier-1 jurisdictions across
Canada
with an emphasis
on
Nunavut
and
Sudbury
.
Cautionary Note on Forward-Looking Information
Except for statements of historical fact contained herein, the information in this news release
constitutes "forward-looking information" within the meaning of Canadian securities law. Such
forward-looking information may be identified by words such as "plans", "proposes", "estimates",
"intends", "expects", "believes", "may", "will" and include without limitation, statements regarding
estimated capital and operating costs, expected production timeline, benefits of updated
development plans, foreign exchange assumptions and regulatory approvals. There can be no
assurance that such statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results to differ materially
include, among others, metal prices, competition, risks inherent in the mining industry, and
regulatory risks. Most of these factors are outside the control of
SPC Nickel
. Investors are
cautioned not to put undue reliance on forward-looking information. Except as otherwise required
by applicable securities statutes or regulation,
SPC Nickel
expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
SOURCE
SPC Nickel Corp.
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For further information:
Further information is available at www.spcnickel.com and/or by
contacting: Grant Mourre, P.Geo., Chief Executive Officer, SPC Nickel Corp., Tel: (705) 669-1777,
Email: [email protected]
CO: SPC Nickel Corp.
CNW 07:00e 11-AUG-25