SPC Nickel Provides Update on Aer-Kidd Drill Program
SPC Nickel Provides Update on Aer-Kidd Drill
Program
Sudbury, Ontario--(Newsfile Corp. - June 2, 2021) -
SPC Nickel Corp. (TSXV: SPC)
(
"SPC Nickel"
or
the
"Company"
) is pleased to provide an update on the Robinson Trend diamond drill program
currently underway on the Company's Aer-Kidd Property (the "Property") located in the world-class
Sudbury Mining Camp.
Highlights
Hole AK-21-039 intersected 28.85 metres grading 0.85 % Nickel Equivalents (NiEq.) from 523.9
to 561.75 metres (see Table 1).
Multiple narrow high-grade massive sulphide intersections reported including:
1.68 % Ni, 0.40 % Cu, 0.65 g/t Pt, 0.27 g/t Pd and 0.03 g/t Au over 0.58 metres
4.28 % Ni, 1.06 % Cu, 2.46 g/t Pt, 0.11 g/t Pd and 0.11 g/t Au over 0.33 metres
1.98 % Ni, 0.69 % Cu, 0.29 g/t Pt, 2.38 g/t Pd and 0.48 g/t Au over 0.72 metres
Grant Mourre, CEO and President of SPC Nickel Corp. commented, "
We're encouraged by the results
from the near surface 2021 drill program, which continues to demonstrate the potential for the Aer-
Kidd Property to host significant mineralization down-dip of the past producing Robinson Mine. We
are also actively drilling deeper portions of the property at depths similar to those that host the Totten
Mine and the Victoria deposit southwest and northeast of the property, respectively. We are excited
about the potential of the property and will continue to aggressively drill the property with two active
drills."
Table 1
: Assay results from holes AK-21-037 and AK-21-039.
Note: PGM represents Pd g/t + Pt g/t + Au g/t. Equivalent values calculated using the 30-day average metal prices of US$7.97/lbs. Ni, US$4.61/lbs.
Cu, US$1,226/oz Pt, US$2,917/oz Pd, US$1,844/oz Au and $27.38/oz Ag. Recoveries were not used in calculations. Note that all drilling intervals are
down-hole lengths. True thicknesses cannot be estimated with available information.
To view an enhanced version of this table, please visit:
https://orders.newsfilecorp.com/files/6510/86197_spc_table1.jpg
Robinson Trend Drilling
Since late March, SPC Nickel has drilled five holes totaling 2,686 metres targeting the down-dip
extension of the past producing Robinson Mine (see Table 2 to this release). Mineralization previously
encountered within this area consists of narrow (up to 1.60 metres) intervals of high-grade massive
sulphide (up to 7.96 % Ni, 7.5 % Cu) within a larger mineralized envelope. Sulphide mineralization is
hosted within well-developed breccia zones called amphibolite inclusion-bearing quartz diorite ("AIQD"),
which occurs within the central portion of the Worthington Offset dyke ("WOD"). These zones are
dominated by large amphibolite inclusions that can range in size from less than 10 centimetres up to 10
metres in diameter and represent up to 80% of the host rock. Disseminated through to massive sulphide
occurs interstitially to the large amphibolite fragments.
Drilling on the Robinson Trend is currently focused on evaluating the extent and grade distribution of the
mineralized zone down-dip of the past producing Robinson Mine. To date, drilling has encountered a
broad zone of sulphide mineralization extending over 400 metres down-dip of the historic mine. The
mineralized zone is dominated by disseminated, blebby and massive sulphides hosted with well-
developed zone of AIQD.
Table 2:
Drill hole details of the Robinson Trend drill program; see Figure 1).
Note: All drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.
Assay results for drill holes AK-21-037 and AK-21-039 are shown in Table 1. The assay results from holes AK-21-040 and AK-21-041 are pending.
Hole AK-21-038 was terminated at 115 metres due to technical problems.
To view an enhanced version of this table, please visit:
https://orders.newsfilecorp.com/files/6510/86197_spc_table2.jpg
Historic Robinson Mine Trend Results
Table 3
: Previous drill intersections reported by SPC Nickel from the area down-dip the historic
Robinson Mine (see Figure 1) (see also Press Releases dated October 19, 2020, November 6, 2018,
and May 25, 2015).
Note: PGM represents Pd g/t + Pt g/t + Au g/t. Equivalent values calculated using the 30-day average metal prices of US$7.97/lbs. Ni, US$4.61/lbs.
Cu, US$1,226/oz Pt, US$2,917/oz Pd, US$1,844/oz Au and $27.38/oz Ag. Recoveries were not used in calculations. Note that all drilling intervals are
down-hole lengths. True thicknesses cannot be estimated with available information.
Refer to
Figure 1
for a long section of the Robinson Mine area that highlights the reported holes (see Table 1 and 2) as well as many of the others
mentioned in this release (see Table 3).
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6510/86197_spc_table3.jpg
Next Steps
Robinson Trend
SPC Nickel is currently incorporating the 2021 drilling with historic mines sections and plans to complete
a 3D geological model of the Robinson Trend, including the past producing mine. Detailed 3D modeling
of the geological units, structures and mineralization will be completed to better understand the
distribution of the sulphide mineralization and the opportunity that exists for follow-up drilling. Previously
reported drill results from the Robinson Trend are summarized in Table 3 of this release.
Rosen Trend
The diamond drill that was testing the Robinson Trend has been moved 400 metres to the northeast to
begin testing targets on the Rosen Trend (see Figure 2), which hosts the past producing Rosen Mine.
Drilling will initially focus on testing targets approximately 750 metres down-dip of the Rosen Mine,
where previous drilling intersected narrow sections of high-grade massive sulphide within a well-
developed zone of AIQD.
Howland Trend
A second drill continues to evaluate targets within the Howland Trend, located 400 metres to the
southwest of the Robinson Trend (see Figure 2). Drilling is currently focused on a section of AIQD where
previous drill hole AK-14-001A intersected 8.10 metres grading 1.04 % Ni, 0.75 % Cu, 0.60 g/t Pt, 1.52
g/t Pd, 0.19 g/t Au (900.8 - 908.9 metres), including narrow sections of high-grade massive sulphide that
returned values of 3.60 % Ni, 4.12 % Cu, 3.69 g/t Pt, 1.24 g/t Pd and 0.46 g/t Au over 0.85 metres (see
Press Releases dated March 2, 2015).
Spartan MT Survey
The previous announced (see Press Release May 26, 2021) Spartan MT survey covering 31 sites has
been completed well ahead of schedule. As a result of the increased production and lower overall per
station cost, an additional 60 sites have been added to cover the entire Aer-Kidd Property. The results of
this survey will be incorporated into the 3D geological model and used to target the prospective zones of
AIQD more effectively at depth.
Refer to
Figure 2
for a long section of the Aer-Kidd Property that highlights the prospective AIQD trends
present on the property and the current areas of exploration activities.
Quality Assurance and Quality Control
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. Over limits for Pd were determined using fire assay and AAS.
Base metal values were determined using sodium peroxide fusion and ICP-AES finish. Silver values
were determined using an aqua regia digestions 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.
Qualified Person
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.
About SPC Nickel Corp.
SPC Nickel Corp. is a new Canadian public corporation focused on exploring for Ni-Cu-PGMs within the
world class Sudbury Mining Camp. The Company is currently exploring its key 100% owned exploration
projects Aer-Kidd and Lockerby East both located in the heart of the historic Sudbury Mining Camp.
The
Company also holds an option to acquire 100% interest in the Janes project located approximately 50
km NE of Sudbury. The Company's flagship project, Aer-Kidd, is strategically located between two world
class assets in the producing Totten Mine (Vale) and the large, high-grade Victoria development project
(KGHM). The Company will initially focus on advancing its key Sudbury assets with a vision of growing to
a pre-eminent North American nickel exploration company.
Additional information regarding the
Company 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 the Company.
Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise
required by applicable securities statutes or regulation, the Company expressly disclaims any intent or
obligation to update publicly forward-looking information, whether as a result of new information, future
events or otherwise.
Further information is available at
www.spcnickel.com
by contacting:
Grant Mourre
Chief Executive Officer
SPC Nickel Corp.
Tel: (705) 669-1777
Email:
Figure 1
: Vertical long section of the Robinson Trend looking the Northwest.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6510/86197_e7a60273a4682bd8_005full.jpg
Figure 2
: Vertical long section of the Aer-Kidd Property looking the Northwest.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6510/86197_e7a60273a4682bd8_006full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/86197