SPC Nickel Intersects Additional Shallow Mineralization Grading 1.01% Nickel and 0.53% Copper over 17.0 metres at West Graham Project
SPC Nickel Intersects Additional Shallow
Mineralization Grading 1.01% Nickel and 0.53%
Copper over 17.0 metres at West Graham
Project
SUDBURY, ON
,
Oct. 18, 2023
/CNW/ -
SPC Nickel Corp.
(TSXV: SPC)
("SPC Nickel")
, is pleased
to release additional assay results from a series of short holes drilled immediately beneath the
surface exposure of the West Graham mineralized zone. Results from the program continue to
return thick, shallow mineralized intervals at grades equal to or better than the historical West
Graham mineral resource.
The recently completed West Graham drill program (See news release
here
) has focused on
expanding and confirming the known mineralized zones, with the objective of delivering a new
consolidated mineral resource by the end of 2023. The results from the shallow drilling highlight the
potential to add near surface resource which could be amenable to low cost, bulk mining methods.
Highlights:
WG-23-063: 1.01% Ni, 0.53% Cu over 17.00 metres (12.00 to 29.00 metres)
within a wider
zone grading
0.71% Ni, 0.38% Cu over 59.00 metres (2.00-59.00 metres).
WG-23-068: 0.77% Ni, 0.48% Cu over 5.00 metres (41.00 to 46.00 metres)
within a wider
zone grading
0.42% Ni, 0.33% Cu over 39.00 metres (23.00-62.00 metres).
Grant Mourre
, CEO and President of SPC Nickel commented, "Today's results continue to
demonstrate continuity in both the grade and thickness of the West Graham mineralized zone.
Results from West Graham continue to exceed our expectations, returning grades equal to or better
than the historical West Graham mineral resource demonstrates the project's excellent potential. The
Company remains on track and we're looking forward to announcing additional drilling results and a
maiden Mineral Resource by the end of 2023."
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.
All samples for the remaining 17 drill holes have been submitted to the lab for analysis and results
are expected to be released over the coming weeks.
For detailed sections across the West Graham Property, please click on the following link
West Graham Sections.
Assay Results
Table 1:
Reported assay results from the Phase 2 drill program on the West Graham Project.
Assays from all holes not listed in Table 1 are pending.
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-23-063
2.00
61.00
59.00
0.71
0.38
0.02
0.06
0.02
0.02
1.94
50
including
12.00
29.00
17.00
1.01
0.53
0.04
0.06
0.03
0.02
2.39
50
including
40.00
47.00
7.00
1.10
0.49
0.03
0.08
0.03
0.02
2.53
50
WG-23-064
7.00
20.00
13.00
0.35
0.33
0.01
0.06
0.02
0.02
1.90
95
Including
14.20
18.00
3.80
0.77
0.72
0.02
0.14
0.05
0.03
3.66
95
WG-23-065
3.00
15.00
12.00
0.34
0.23
0.01
0.04
0.01
0.02
1.84
70
and
21.40
26.00
4.60
0.31
0.34
0.01
0.09
0.01
0.02
2.44
70
WG-23-066
2.70
16.00
13.30
0.42
0.28
0.01
0.05
0.02
0.02
1.55
95
WG-23-067
3.20
20.00
16.80
0.48
0.30
0.01
0.07
0.02
0.02
1.95
100
including
23.00
26.00
3.00
0.51
0.91
0.02
0.15
0.07
0.10
4.50
100
WG-23-068
23.00
62.00
39.00
0.42
0.33
0.01
0.05
0.02
0.04
1.94
85
including
41.00
46.00
5.00
0.77
0.48
0.03
0.08
0.04
0.04
3.12
85
WG-23-069
112.00
142.00
30.00
0.31
0.24
0.01
0.06
0.02
0.02
1.38
100
Notes:
1. Length refers to downhole length. Estimated True Width is expressed as a percentage of downhole length. Bold text denotes intervals with a Ni% grade multiplied by downhole
length greater than 15.
To view previously reported assay results from the West Graham Project please
click here
.
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.
Figure 1: Plan map of the current area of drilling on the West Graham Project showing the collar
locations and drill traces of the completed holes as well as all holes with assays pending.
Location of
Figure 2 is also displayed on the map. See Table 1 assay results. Bold collar labels indicated holes
with new assay results. (CNW Group/SPC Nickel Corp.)
Figure 2: Detailed map of the current area of drilling on the West Graham Project showing the collar
locations and drill traces of the completed holes as well as all holes with pending assay results.
Surface samples are shown as color coded triangles. Shaded red area represent the area over
which nickel and copper mineralization has been observed at surface. See Table 1 for results. Bold
collar labels indicated holes with new assay results. (CNW Group/SPC Nickel Corp.)
Figure 3: Cross section along Section 476250m E showing the geology, mineralization isoshells and
drill hole locations. Section is oreintated south north looking to the west. Assay results of selective
drill holes are shown. Refer to Table 1 for additional results. (CNW Group/SPC Nickel Corp.)
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. 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 Crean Hill 3 property under option from Vale. 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. Additional information regarding
SPC Nickel and its projects can be found at
www.spcnickel.com
.
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, Chief Executive Officer, SPC Nickel Corp., Tel: (705) 669-1777, Email:
CO: SPC Nickel Corp.
CNW 07:00e 18-OCT-23