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SPC Nickel Announces Major Land Acquisition Covering the Highly-Prospective Muskox Intrusion (Ni-Cu-PGM) and the Acquisition of a Large Comprehensive Database
Sudbury, Ontario--(Newsfile Corp. - November 17, 2021) - SPC Nickel Corp. (TSXV: SPC) ( "SPC...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Announces Major Land Acquisition Covering the Highly-Prospective Muskox Intrusion (Ni-Cu-PGM) and the Acquisition of a Large Comprehensive DatabaseSudbury, Ontario--(Newsfile Corp. - November 17, 2021) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") is pleased to announce that is has acquired, through staking, a significant land position on the highly-prospective Muskox Intrusion, located in Nunavut. Map staking of ten claims and two prospecting permits in two separate blocks (North Block, South Block) (see Figure 1) was recently completed and resulted in the acquisition of a large land package covering more than 43,000 hectares (430 km2). Additionally, SPC has acquired a large comprehensive database related to the exploration of Muskox Intrusion. The proprietary database, that is exclusive to SPC, represents over 15 years of exploration and four multi-year programs conducted back to 1955 and is estimated to easily be equivalent to cost 20 million dollars in modern exploration expenditure. Grant Mourre, CEO and President of SPC Nickel Corp., commented, \"Acquiring the Muskox Property and consolidating it with an exclusive and proprietary database provides SPC with another high-quality asset within its portfolio of Ni-Cu-PGM projects. Although we remain focused on our Sudbury Projects, we felt we could not pass up the opportunity to acquire, via staking, a large property position on what is arguably one of the last camp-scale Ni-Cu-PGM opportunities in in the world. In addition, the purchase of the exclusive and proprietary Muskox database adds significant value to the prospect by shortening the discovery timeline while also reducing the overall cost of exploration. SPC will look to leverage our investment in the Muskox Property and the database to source a partner to jointly advance the project.\"\"Most of the world's Nickel sulphide deposits are hosted within either large-layered intrusions, as is the case in Sudbury, or within the hidden feeder plumbing system to these intrusions, like Noril'sk and Voisey's Bay. Our newly acquired North Block and South Block properties provide SPC Nickel with an opportunity to evaluate both environments with the high-prospective Muskox Intrusion. We are particularly excited about the opportunity that exists within the South Block, where SPC Nickel has secured all ...