SPC Nickel Intersects 0.83% Nickel and 0.19% Copper over 14.7 metres at the West Graham Project, Sudbury, Ontario
SPC Nickel Intersects 0.83% Nickel and 0.19%
Copper over 14.7 metres at the West Graham
Project, Sudbury, Ontario
SUDBURY, ON
,
Oct. 1, 2024
/CNW/ -
SPC Nickel Corp.
(TSXV: SPC)
("SPC Nickel" or the
"Company")
, is pleased to announce additional diamond drill results from the ongoing 2024 Drill
Program at the Company's West Graham Project ("West Graham" or "the Project") located in the
world-class nickel-copper mining district of
Sudbury, Ontario
(Figure 1).
Assay results from an additional 7 holes have been received and are reported here. To date, assay
results for 19 (1,152 metres) of the 33 holes (2,240 metres) completed have been received and
reported. Significant results are presented below in Table 1. A summary table of drill results from
the 2024 Drill Program at West Graham may be found on our website,
here
.
Highlights:
Hole WG-24-101, intersected
0.83% Ni and 0.19% Cu over 14.7 metres
from 35.0 to 49.7
metres. This interval is part of a wider interval that returned
0.53% Ni and 0.18% Cu over 44.0
metres
from 14.0 to 58.0 metres (Table 1).
Hole WG-24-102, intersected
1.59% Ni and 0.15% Cu over 3.0 metres
from 16.5 to 19.5
metres. This interval is part of a wider interval that returned
0.65% Ni and 0.29% Cu over 30.0
metres
from 13.5 to 43.5 metres (Table 1).
Grant Mourre
, CEO and President of SPC Nickel commented,
"Since the publication of our Mineral
Resource Estimate, SPC Nickel has remained focused on upgrading and expanding the potential
we see at West Graham. Our original thesis has remained unchanged in so far as we believe we
have a high-quality, near surface resource, close to infrastructure in the heart of the world's
leading nickel district, representing a significant economic opportunity. These latest results
continue to reinforce our confidence in the geologic and economic potential of the West Graham
Project, and we will continue to advance this strategic asset. The SPC Nickel team is committed to
a rigorous and methodical exploration process at West Graham that will ultimately deliver
exceptional value to our shareholders."
Assay Results
Table 1:
New assay results from the 2024 drill program on the West Graham Project.
HOLE ID
From
(m)
To
(m)
Length
(m)
1
Ni
(%)
Cu
(%)
Co
(%)
Pt
(g/t)
Pd
(g/t)
Au
(g/t)
Ag
(g/t)
Estimated
True
Width %
WG-24-098
1.00
33.00
32.00
0.51
0.31
0.02
0.06
0.02
0.02
1.53
100
including
20.00
29.00
9.00
0.72
0.37
0.02
0.08
0.02
0.02
1.78
100
WG-24-099
7.00
48.00
41.00
0.46
0.21
0.02
0.04
0.02
0.01
1.00
95
including
37.00
43.00
6.00
0.88
0.21
0.03
0.06
0.02
0.01
1.15
95
WG-24-100
11.30
46.00
34.70
0.35
0.19
0.01
0.03
0.01
0.02
1.24
95
including
37.00
43.00
6.00
0.64
0.31
0.02
0.07
0.02
0.03
1.95
95
WG-24-101
14.00
58.00
44.00
0.53
0.18
0.02
0.04
0.01
0.01
1.28
95
including
35.00
49.70
14.70
0.83
0.19
0.03
0.05
0.02
0.01
1.52
95
WG-24-102
13.50
43.50
30.00
0.65
0.29
0.02
0.03
0.02
0.02
1.79
75
including
16.50
19.50
3.00
1.59
0.15
0.06
0.04
0.02
0.004
1.79
75
WG-24-103
15.00
36.00
21.00
0.24
0.16
0.01
0.02
0.01
0.01
1.06
95
WG-24-104
33.00
49.50
16.50
0.33
0.18
0.01
0.02
0.01
0.01
1.01
100
Notes:
1. Length refers to downhole length. Estimated True Width is expressed as a percentage of
downhole length.
About the West Graham Deposit
The West Graham Project is located in the heart of the Sudbury Mining District where nine mines are
currently in operation and two more are in the development phase. The region benefits from its
proximity to well-developed transportation infrastructure including roads, railways, and electrical grid.
In addition, West Graham is situated close to processing, smelting and refining assets which include
two mills, two smelters and one nickel refinery. Local operators include global mining corporations
Vale, Glencore and KGHM.
In
January 2024
, SPC Nickel announced the maiden Mineral Resource Estimate (MRE) for the West
Graham Project (see
news release
dated
January 17, 2024
). The MRE showed an In-Pit Resource
(0.3% NiEq Cutoff Grade) of 19.3 Mt at 0.42% Ni, 0.28% Cu in the indicated category and 3.3 Mt at
0.37% Ni, 0.28% Cu in the inferred category. The Out-of-Pit Resource (0.7% NiEq Cutoff Grade)
contained a further 3.2 Mt at 0.63% Ni, 0.47% Cu (0.92% NiEq) in the indicated category and 3.9 Mt
at 0.69% Ni, 0.43% Cu (0.97% NiEq) in the inferred category.
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.
SPC Nickel follows rigorous sampling and analytical protocols that meet or exceed industry
standards. Core samples are stored in a secured area until transport in batches to the ALS facility in
Sudbury, Ontario, Canada
. Sample batches include certified reference materials, blank, and
duplicate samples that are then processed under the control of ALS. All samples were analyzed in
Vancouver
by ALS Chemex. Platinum, palladium, and gold values were determined together using
standard lead oxide collection fire assay and ICP-AES finish. Base metal values were determined
using sodium peroxide fusion and ICP-AES finish. Silver values were determined using an aqua regia
digestion and an AAS finish. A Certified Reference Material (CRM) standard, blank or duplicate is
inserted on every 10th sample in the following order: CRM, blank, CRM, duplicate. The cycle
repeats every 40 samples, thus ensuring that 10% of samples submitted are control samples.
About SPC Nickel Corp.
SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the
world class Sudbury Mining Camp and in
Nunavut
. SPC Nickel is currently exploring its key 100%
owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp
that includes the West Graham Resource and the LKE Resource. SPC Nickel also holds three
additional projects across
Canada
including the large camp-scale Muskox Project (located in
Nunavut
), the past producing Aer-Kidd Project (located in the Sudbury Mining Camp) and the Janes
Project (located 50 km northwest of
Sudbury
). The corporate focus is on
Sudbury
, and SPC Nickel
continues to look for new opportunities to add shareholder value.
Figure 1: Plan map of the current area of drilling on the West Graham Project showing the collar
locations and drill traces of the 2024 drill holes. See Table 1 for assay intervals. (CNW Group/SPC
Nickel Corp.)
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 01-OCT-24