SUDBURY,
ON, Sept. 13, 2023 /CNW/ - SPC Nickel
Corp. (TSXV:SPC) ("SPC Nickel"), is pleased to release
additional Phase 2 assay results from a series of short holes
drilled immediately beneath the surface exposure of the West Graham
mineralized zone. Recent geological mapping by SPC and historical
sampling by Vale Canada have outlined the surface exposure of the
mineralization over a 300 metre by 150 metre area north of the
norite-granite footwall contact and south of any drilling completed
during the Phase 1 or 2 programs (see Figure 2). Initial results
from the short 16 hole program have confirmed the down-dip
extension of the surface mineralization with thick mineralized
intervals at grades equal to or better than the historical West
Graham mineral resource. This work has further demonstrated the
potential for any future development at West Graham to be open-pit
amenable.
A total of 13,254 metres in 62 holes have so far been completed
on the West Graham Project since drilling commenced in early March.
The Phase 1 program consisted of 5,338 metres in 27 holes and was
completed in late May while a total of 7,916 metres in 35 holes,
including the 16 short holes mentioned above, have been completed
from the ongoing Phase 2 program, (Figure 1, 3).
Highlights:
- WG-23-062: 0.87% Ni, 0.41% Cu over 20.00 metres (1.00-21.00
metres) including 1.07% Ni, 0.44% Cu over 12.50 metres (6.50 to
19.00 metres).
- WG-23-061: 0.48% Ni, 0.24% Cu over 34.00 metres (14.00-48.00
metres) including 2.07% Ni, 0.15% Cu over 1.15 metres (15.60 to
16.75 metres).
Length refers to downhole length. Estimated true thickness
ratios are provided in Table 1.
Grant Mourre, CEO and President
of SPC Nickel commented, "Today's results continue to
demonstrate the robust fundamentals of the West Graham Project. We
continue to intersect thick intervals of near surface
mineralization, which are equal to or better than the historical
mineral resource. These recent results combined with our previous
reported drill intersections demonstrate that we are growing a
significant nickel resource within the world class Sudbury Mining
Camp. The West Graham Project benefits from in place
infrastructure, has year-round road access, access to hydroelectric
power, and several processing facilities within kilometres of the
site. We're looking forward to announcing additional drilling
results and a maiden Mineral Resource estimate for the Project by
the end of 2023."
For detailed sections across the West Graham Property, please
visit the website at https://spcnickel.com/projects/lockerby-east/
under Current Program or 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-23-059
|
23.00
|
37.00
|
14.00
|
0.53
|
0.37
|
0.02
|
0.04
|
0.02
|
0.03
|
1.95
|
100
|
WG-23-060
|
12.00
|
42.00
|
30.00
|
0.32
|
0.20
|
0.01
|
0.02
|
0.01
|
0.01
|
1.49
|
100
|
WG-23-061
|
14.00
|
48.00
|
34.00
|
0.48
|
0.24
|
0.02
|
0.03
|
0.01
|
0.02
|
1.57
|
90
|
including
|
14.00
|
26.00
|
12.50
|
0.66
|
0.26
|
0.02
|
0.03
|
0.02
|
0.01
|
1.58
|
90
|
including
|
15.60
|
16.75
|
1.15
|
2.07
|
0.15
|
0.07
|
0.03
|
0.03
|
0.01
|
2.17
|
90
|
WG-23-062
|
1.00
|
21.00
|
20.00
|
0.87
|
0.41
|
0.03
|
0.07
|
0.03
|
0.05
|
2.45
|
90
|
including
|
6.50
|
19.00
|
12.50
|
1.07
|
0.44
|
0.04
|
0.08
|
0.03
|
0.04
|
2.20
|
90
|
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.
|
Previously Reported Results
Table 2: Previously reported assay results from 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-23-019
|
64.00
|
93.00
|
29.00
|
0.39
|
0.25
|
0.01
|
0.04
|
0.02
|
0.02
|
1.36
|
70
|
WG-23-020
|
47.00
|
91.00
|
44.00
|
0.53
|
0.27
|
0.02
|
0.05
|
0.02
|
0.02
|
1.41
|
100
|
including
|
75.00
|
83.00
|
7.00
|
0.75
|
0.39
|
0.03
|
0.06
|
0.02
|
0.02
|
1.86
|
100
|
including
|
87.00
|
91.00
|
4.00
|
1.03
|
0.62
|
0.04
|
0.07
|
0.05
|
0.03
|
2.85
|
100
|
WG-23-021
|
41.00
|
72.00
|
31.00
|
0.46
|
0.29
|
0.02
|
0.06
|
0.02
|
0.02
|
1.50
|
90
|
including
|
42.00
|
46.00
|
4.00
|
0.63
|
0.46
|
0.02
|
0.10
|
0.03
|
0.04
|
2.40
|
90
|
including
|
58.00
|
63.00
|
5.00
|
0.66
|
0.30
|
0.02
|
0.04
|
0.02
|
0.01
|
1.50
|
90
|
WG-23-022
|
61.00
|
81.00
|
20.00
|
0.51
|
0.26
|
0.02
|
0.03
|
0.01
|
0.01
|
1.12
|
100
|
including
|
76.00
|
80.00
|
4.00
|
0.85
|
0.46
|
0.03
|
0.05
|
0.02
|
0.02
|
1.80
|
100
|
WG-23-023
|
45.00
|
83.00
|
38.00
|
0.47
|
0.28
|
0.02
|
0.04
|
0.02
|
0.02
|
1.45
|
90
|
including
|
71.00
|
82.00
|
11.00
|
0.71
|
0.41
|
0.02
|
0.07
|
0.02
|
0.04
|
2.09
|
90
|
WG-23-024
|
29.00
|
48.00
|
19.00
|
0.46
|
0.25
|
0.02
|
0.04
|
0.01
|
0.02
|
1.21
|
100
|
and
|
56.00
|
61.00
|
5.00
|
0.93
|
0.50
|
0.03
|
0.06
|
0.02
|
0.02
|
4.18
|
100
|
WG-23-025
|
20.00
|
67.00
|
47.00
|
0.56
|
0.30
|
0.02
|
0.05
|
0.02
|
0.02
|
1.85
|
90
|
including
|
42.00
|
65.00
|
23.00
|
0.72
|
0.42
|
0.02
|
0.08
|
0.03
|
0.03
|
2.73
|
90
|
WG-23-026
|
106.00
|
186.90
|
80.90
|
0.49
|
0.25
|
0.02
|
0.05
|
0.02
|
0.02
|
1.29
|
35
|
including
|
167.00
|
186.90
|
19.90
|
1.19
|
0.37
|
0.04
|
0.09
|
0.02
|
0.02
|
1.29
|
35
|
including
|
170.00
|
177.90
|
7.90
|
2.48
|
0.64
|
0.08
|
0.15
|
0.04
|
0.02
|
1.82
|
35
|
WG-23-027
|
68.00
|
120.50
|
52.50
|
0.43
|
0.27
|
0.01
|
0.05
|
0.02
|
0.02
|
1.49
|
85
|
including
|
96.65
|
120.50
|
23.85
|
0.57
|
0.33
|
0.02
|
0.06
|
0.02
|
0.03
|
1.79
|
85
|
including
|
111.00
|
120.50
|
9.50
|
0.83
|
0.37
|
0.02
|
0.09
|
0.03
|
0.03
|
2.16
|
85
|
WG-23-028
|
79.00
|
275.85
|
196.85
|
0.32
|
0.19
|
0.01
|
0.04
|
0.01
|
0.02
|
1.07
|
30
|
including
|
89.00
|
110.00
|
21.00
|
0.72
|
0.18
|
0.03
|
0.03
|
0.01
|
0.01
|
0.75
|
30
|
including
|
93.60
|
95.00
|
1.40
|
3.73
|
0.27
|
0.17
|
0.06
|
0.07
|
0.01
|
1.26
|
30
|
WG-23-029
|
84.00
|
107.00
|
23.00
|
0.37
|
0.25
|
0.01
|
0.03
|
0.02
|
0.02
|
1.39
|
50
|
WG-23-030
|
20.00
|
52.00
|
32.00
|
0.60
|
0.36
|
0.02
|
0.07
|
0.02
|
0.03
|
2.02
|
45
|
including
|
39.00
|
46.00
|
7.00
|
0.98
|
0.54
|
0.03
|
0.15
|
0.38
|
0.04
|
3.00
|
45
|
WG-23-031
|
3.00
|
9.65
|
6.65
|
0.37
|
0.22
|
0.01
|
0.04
|
0.01
|
0.01
|
1.08
|
95
|
WG-23-032
|
34.50
|
42.50
|
8.00
|
0.49
|
0.38
|
0.02
|
0.05
|
0.02
|
0.03
|
2.00
|
85
|
WG-23-033
|
38.00
|
52.00
|
14.00
|
0.35
|
0.24
|
0.01
|
0.04
|
0.02
|
0.02
|
1.29
|
80
|
WG-23-034
|
59.00
|
90.00
|
31.00
|
0.27
|
0.19
|
0.01
|
0.04
|
0.01
|
0.01
|
1.26
|
50
|
including
|
96.00
|
97.65
|
1.65
|
0.67
|
0.34
|
0.02
|
0.05
|
0.03
|
0.03
|
2.29
|
50
|
WG-23-035
|
43.00
|
51.00
|
8.00
|
0.26
|
0.21
|
0.01
|
0.04
|
0.02
|
0.02
|
1.25
|
80
|
WG-23-036
|
97.00
|
102.00
|
5.00
|
0.39
|
0.23
|
0.01
|
0.05
|
0.02
|
0.01
|
1.54
|
45
|
WG-23-037
|
147.00
|
188.65
|
41.65
|
0.50
|
0.34
|
0.02
|
0.08
|
0.02
|
0.03
|
1.64
|
50
|
including
|
174.00
|
188.65
|
14.65
|
0.81
|
0.51
|
0.02
|
0.14
|
0.04
|
0.05
|
2.61
|
50
|
including
|
174.00
|
179.00
|
5.00
|
1.21
|
0.69
|
0.04
|
0.14
|
0.04
|
0.05
|
3.32
|
50
|
WG-23-038
|
130.00
|
140.00
|
10.00
|
0.43
|
0.25
|
0.01
|
0.06
|
0.02
|
0.21
|
1.31
|
75
|
WG-23-039
|
191.50
|
241.00
|
49.50
|
0.36
|
0.28
|
0.01
|
0.05
|
0.02
|
0.02
|
1.49
|
40
|
including
|
224.00
|
241.00
|
17.00
|
0.43
|
0.49
|
0.01
|
0.08
|
0.03
|
0.04
|
2.58
|
40
|
WG-23-040
|
169.00
|
209.00
|
40.00
|
0.46
|
0.32
|
0.01
|
0.07
|
0.02
|
0.03
|
1.90
|
60
|
WG-23-041
|
237.00
|
276.00
|
39.00
|
0.43
|
0.36
|
0.01
|
0.17
|
0.03
|
0.06
|
2.04
|
55
|
including
|
243.00
|
250.00
|
7.00
|
0.60
|
0.49
|
0.02
|
0.10
|
0.03
|
0.04
|
2.13
|
55
|
including
|
262.82
|
275.00
|
12.20
|
0.60
|
0.54
|
0.02
|
0.36
|
0.05
|
0.11
|
3.46
|
55
|
WG-23-042
|
256.00
|
306.00
|
50.00
|
1.06
|
0.34
|
0.03
|
0.15
|
0.04
|
0.04
|
1.71
|
75
|
including
|
286.00
|
306.00
|
20.00
|
1.71
|
0.46
|
0.05
|
0.17
|
0.06
|
0.06
|
2.61
|
75
|
including
|
286.90
|
291.70
|
4.80
|
3.15
|
0.21
|
0.09
|
0.15
|
0.11
|
0.02
|
0.95
|
75
|
and
|
331.00
|
331.40
|
0.40
|
6.23
|
0.30
|
0.14
|
0.10
|
0.12
|
0.03
|
2.60
|
75
|
and
|
336.90
|
337.20
|
0.30
|
7.07
|
0.09
|
0.15
|
0.04
|
0.07
|
0.01
|
2.50
|
75
|
WG-23-043
|
212.00
|
280.00
|
68.00
|
0.46
|
0.36
|
0.01
|
0.09
|
0.02
|
0.03
|
1.90
|
60
|
including
|
246.00
|
280.00
|
34.00
|
0.64
|
0.50
|
0.02
|
0.12
|
0.03
|
0.04
|
2.64
|
60
|
including
|
266.00
|
275.00
|
9.00
|
0.94
|
0.68
|
0.02
|
0.19
|
0.05
|
0.06
|
3.83
|
60
|
including
|
277.50
|
280.00
|
2.50
|
0.96
|
1.02
|
0.02
|
0.05
|
0.04
|
0.04
|
4.58
|
60
|
and
|
304.10
|
304.60
|
0.50
|
6.09
|
0.07
|
0.12
|
0.81
|
0.30
|
0.03
|
2.50
|
60
|
WG-23-044
|
362.35
|
375.40
|
13.05
|
0.74
|
0.81
|
0.02
|
0.22
|
0.05
|
0.10
|
4.84
|
45
|
including
|
369.25
|
375.40
|
6.15
|
0.96
|
1.33
|
0.03
|
0.26
|
0.08
|
0.18
|
8.04
|
45
|
WG-23-045
|
286.00
|
296.00
|
10.00
|
0.33
|
0.24
|
0.01
|
0.12
|
0.02
|
0.03
|
1.33
|
60
|
and
|
302.05
|
304.00
|
1.95
|
0.54
|
0.75
|
0.02
|
0.21
|
0.05
|
0.11
|
4.93
|
60
|
and
|
307.55
|
308.55
|
1.00
|
0.81
|
1.12
|
0.02
|
0.31
|
0.09
|
0.37
|
8.50
|
60
|
WG-23-046
|
381.55
|
402.35
|
20.80
|
0.46
|
0.58
|
0.01
|
0.32
|
0.04
|
0.14
|
4.03
|
65
|
including
|
381.55
|
387.30
|
5.75
|
0.51
|
0.59
|
0.01
|
0.76
|
0.08
|
0.07
|
3.79
|
65
|
Including
|
395.30
|
402.35
|
7.05
|
0.89
|
1.09
|
0.02
|
0.29
|
0.06
|
0.35
|
7.63
|
65
|
WG-23-047
|
221.00
|
271.00
|
50.00
|
0.70
|
0.32
|
0.02
|
0.14
|
0.03
|
0.04
|
1.57
|
80
|
including
|
245.00
|
263.00
|
18.00
|
1.27
|
0.47
|
0.04
|
0.20
|
0.05
|
0.04
|
2.16
|
80
|
WG-23-048
|
196.00
|
229.10
|
33.10
|
0.54
|
0.38
|
0.02
|
0.09
|
0.03
|
0.03
|
1.98
|
85
|
including
|
216.00
|
230.00
|
14.00
|
0.76
|
0.60
|
0.02
|
0.14
|
0.06
|
0.05
|
3.03
|
85
|
WG-23-049
|
271.00
|
302.00
|
31.00
|
0.46
|
0.38
|
0.01
|
0.12
|
0.03
|
0.04
|
1.78
|
70
|
including
|
289.00
|
299.00
|
10.00
|
0.69
|
0.47
|
0.02
|
0.16
|
0.04
|
0.05
|
2.10
|
70
|
WG-23-050
|
118.00
|
143.00
|
25.00
|
0.53
|
0.34
|
0.02
|
0.07
|
0.02
|
0.03
|
1.82
|
85
|
including
|
130.00
|
141.00
|
11.00
|
0.76
|
0.48
|
0.02
|
0.10
|
0.03
|
0.04
|
2.56
|
85
|
WG-23-051
|
86.00
|
111.05
|
25.05
|
0.28
|
0.23
|
0.01
|
0.04
|
0.02
|
0.02
|
1.11
|
100
|
WG-23-052
|
174.00
|
228.00
|
54.00
|
0.55
|
0.29
|
0.02
|
0.07
|
0.02
|
0.03
|
1.45
|
60
|
including
|
184.60
|
208.00
|
23.40
|
0.78
|
0.35
|
0.02
|
0.07
|
0.02
|
0.02
|
1.63
|
60
|
including
|
202.50
|
206.15
|
3.65
|
1.24
|
0.21
|
0.04
|
0.11
|
0.03
|
0.02
|
0.92
|
60
|
WG-23-053
|
256.00
|
259.85
|
3.85
|
0.41
|
0.35
|
0.01
|
0.04
|
0.02
|
0.02
|
2.09
|
90
|
and
|
276.75
|
281.00
|
4.25
|
0.49
|
0.29
|
0.02
|
0.08
|
0.02
|
0.03
|
1.62
|
90
|
and
|
294.00
|
299.00
|
5.00
|
0.52
|
0.35
|
0.01
|
0.30
|
0.06
|
0.05
|
2.10
|
90
|
WG-23-054
|
339.00
|
384.15
|
45.15
|
0.38
|
0.28
|
0.01
|
0.18
|
0.06
|
0.05
|
1.74
|
85
|
including
|
348.70
|
369.00
|
20.30
|
0.55
|
0.38
|
0.01
|
0.17
|
0.04
|
0.06
|
2.30
|
85
|
WG-23-055
|
335.00
|
354.30
|
19.30
|
0.36
|
0.22
|
0.01
|
0.09
|
0.02
|
0.03
|
1.00
|
75
|
and
|
382.5
|
394.00
|
11.50
|
0.35
|
0.25
|
0.01
|
0.19
|
0.03
|
0.05
|
0.92
|
75
|
WG-23-056
|
455.00
|
480.75
|
25.75
|
0.47
|
0.36
|
0.02
|
0.15
|
0.03
|
0.04
|
2.01
|
65
|
and
|
485.35
|
492.00
|
6.65
|
0.56
|
0.46
|
0.02
|
0.17
|
0.04
|
0.06
|
2.49
|
65
|
WG-23-057
|
409.00
|
428.00
|
19.00
|
0.41
|
0.33
|
0.01
|
0.09
|
0.03
|
0.03
|
1.67
|
95
|
and
|
447.00
|
462.00
|
15.00
|
0.39
|
0.28
|
0.01
|
0.34
|
0.07
|
0.06
|
0.63
|
95
|
and
|
467.00
|
468.05
|
1.05
|
1.47
|
0.17
|
0.04
|
0.46
|
0.58
|
0.09
|
0.70
|
95
|
WG-23-058
|
327.00
|
358.00
|
31.00
|
0.52
|
0.37
|
0.02
|
0.16
|
0.03
|
0.05
|
2.11
|
90
|
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.
|
West Graham Project
On January 23, 2023, SPC Nickel
announced the signing of an Agreement with Vale Canada ("Vale")
granting SPC Nickel the right to earn an 100% interest in Vale's
Crean Hill 3 Property that is located adjacent to SPC Nickel's West
Graham Property.
- As an advanced project, the combination of the West Graham and
Crean Hill 3 assets is a transformational opportunity for SPC
Nickel. The historical mineral resources on these properties form
one contiguous near-surface deposit and consists of the following:
- Crean Hill 3 hosts a historical mineral estimate of
16.78Mt @ 0.43% Ni and 0.30% Cu1.
-
- West Graham hosts a historical indicated mineral resource of
8.55Mt @ 0.45% Ni, 0.31% Cu along with an inferred mineral
resource of 2.0Mt @ 0.38% Ni, 0.30% Cu2.
SPC Nickel considers the West Graham and Crean Hill 3 resource
estimates to be historical mineral estimates for purposes of NI
43-101. Neither the Company nor a qualified person on behalf of SPC
Nickel have done sufficient work to classify the historical
estimates as current mineral resources and SPC Nickel is not
treating such historical estimates as current mineral resources.
SPC Nickel considers the historic mineral estimates to be relevant
to an understanding of the Project but has not done any work to
validate the estimates.
Reference
|
|
1.
|
Van Wiechen, A.G (1990): December 31, 1989 Mineral
Resource Inventory table in: The Exploration Potential for Sulphide
Mineralization in the Crean Hill – Ellen – Crean Hill No.3
Environment, Internal Inco Report, December 13,
1990.
|
|
2.
|
Routledge, Richard and Churchill, Bruce (2009):
Technical Report on the West Graham Property Conwest Zone Resource
Estimate, Graham Township, Ontario, Canada prepared for First
Nickel Inc., January 15, 2009. Scott Wilson Roscoe Postle
Associates.
|
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.
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.
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.
SOURCE SPC Nickel Corp.