SPC Nickel Provides Summer Exploration Update on Muskox Project, Nunavut Advancing Muskox Toward Drill-Ready Targets
SPC Nickel Provides Summer Exploration
Update on Muskox Project, Nunavut
Advancing Muskox Toward Drill-Ready Targets
SUDBURY, ON
,
Sept. 17, 2025
/CNW/ -
SPC Nickel Corp. (TSX-V: SPC) ("SPC Nickel" or the
"Company")
is pleased to provide an update on the recently completed 2025 summer exploration
program at the Company's 100%-owned, district-scale Muskox Project ("Muskox" or the "Project")
located in
Nunavut, Canada
. Work completed between July and
September 2025
has significantly
advanced the geological understanding of this large, underexplored magmatic system and is an
important step toward defining drill-ready targets.
Summer 2025 Program Highlights
Airborne MobileMT Survey:
1,020 line-km flown over the Muskox Intrusion
First comprehensive MobileMT survey ever completed on the property
Targeting large conductive regions along the 40 km-long Keel Zone and basal contact
Airborne Electromagnetic (EM) & Magnetic Survey:
1,340 line-km of coverage over the Main Intrusion and Feeder Dyke
First modern EM survey in 20+ years and first-ever over the Feeder Dyke
Targeted high-priority zones prospective for sulphide accumulation
Field Program:
85 surface samples collected and submitted for assay (results pending)
Historic drill holes relogged and resampled to refine geological model
High-priority showings revisited to better define mineralization controls
District-Scale Consolidation:
65 km² of new claims staked, securing key ground prospective for both feeder- and
contact-style mineralization
Next Phase:
Integration of new MT, EM, and field data with SPC Nickel's proprietary database
Generate high-quality drill ready exploration targets and further define areas for additional
follow-up work ahead of the 2026 season
Grant Mourre
, CEO and President of SPC Nickel, commented,
"This has been a transformative
summer at Muskox. We've completed the most thorough modern geophysical survey coverage
ever flown over the intrusion, built on it with a systematic field program, and expanded our land
package to secure ground critical to unlocking the district's potential. This work positions SPC
Nickel at the forefront of exploring one of
Canada's
most compelling magmatic copper-nickel
systems. Once our assessment of the data collected this season is complete, we will be positioned
to move quickly toward defining drill targets that can unlock the scale and grade potential of
Muskox. It's an exciting time for SPC Nickel and we look forward to sharing the path forward with
our shareholders."
Catalysts Pending
Analysis of the newly collected MT and EM datasets is now underway with initial interpretations
expected in Q4 2025. This will provide clear near-term technical news flow for investors. These
results, combined with observations from the 2025 field program, will deliver a steady flow of
catalysts as SPC Nickel advances Muskox toward drill-ready status. The work completed this
summer has generated unique and extensive new data that will contribute to setting the stage for
meaningful target definition.
Fig. 1: Massive sulphide (pyrrhotite and chalcopyrite) sample from Pyrrhotite Lake area. Note that
grab samples are selective by nature and may not be representative of mineralized zones. Source:
SPC Nickel (CNW Group/SPC Nickel Corp.)
Fig. 2: Massive sulphide (chalcopyrite, cubanite, pyrrhotite, pentlandite) sample from the Spears
Lake area. Note that grab samples are selective by nature and may not be representative of
mineralized zones. Source: SPC Nickel (CNW Group/SPC Nickel Corp.)
Fig. 3: Sampling at the Spears Lake area. Note that grab samples are selective by nature and may
not be representative of mineralized zones. Source: SPC Nickel (CNW Group/SPC Nickel Corp.)
Fig. 4: HeliTEM airborne geophysical survey (Xcalibur Geophysics). Source: SPC Nickel (CNW
Group/SPC Nickel Corp.)
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
1
(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 on SPC Nickel property 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)
2
by Silvermet Corporation
(2007) and
13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM
3
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
.
Nornickel Annual Report 2024.
2
.
Vivian, Gary (2007). Muskox Project,
Nunavut
, 2007 Drill and Geophysical Survey Program
Annual Report for Prize Mining, Assessment report. 57 p., 8 data Appendices.
3
.
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.
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
recently completed its 2025 summer field program. 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
.
Further information is available 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:
Grant Mourre P.Geo., Chief Executive Officer, SPC Nickel Corp., Tel:
(705) 669-1777, Email: [email protected]
CO: SPC Nickel Corp.
CNW 07:00e 17-SEP-25