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SPC Nickel Announces Remaining Drill Results from its Janes Ni-Cu-PGM Project
Sudbury, Ontario--(Newsfile Corp. - September 8, 2021) - SPC Nickel Corp. (TSXV: SPC) ( "SPC...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Announces Remaining Drill Results from its Janes Ni-Cu-PGM ProjectSudbury, Ontario--(Newsfile Corp. - September 8, 2021) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\"), is pleased to announce the final assay results from the drill program at its Janes Ni-Cu-PGM Project (the \"Project\") located in Sudbury, Ontario. The program focused on defining the extent and continuity of the high-grade Trench 1 mineralization and consisted of 16 short, closely spaced drill holes. Assay results from the final seven holes have been received and are reported in Table 1 along with all the previously released results.Grant Mourre, CEO and President of SPC Nickel Corp. commented, \"We are excited to see the continuation of these exceptional drill results from our Trench 1 exploration program at Janes. The drilling has confirmed the potential for the property to host high-grade Ni-Cu-PGM mineralization relatively close to surface. The next step in the process will be to complete detailed geological modelling of the size and grade distribution within the high-grade zone as well as the incorporation of the overlying lower-grade zone. This work will allow us to better assess the economics potential of the Trench 1 area and the overall potential of the property.\"Assay ResultsTable 1: Assay results from the Trench 1 target area.To view an enhanced version of Table 1, please visit:https://orders.newsfilecorp.com/files/6510/95816_picture1.jpgNote: 3E PGM represents Pd g/t + Pt g/t + Au g/t. Equivalent values calculated using the 30-day average metal prices of US$8.03/lb. Ni, US$4.54/lb. Cu, US$1,187/oz Pt, US$2,833/oz Pd, US$1,882/oz Au and $27.77/oz Ag listed in the June 17, 2021, Press Release. Recoveries were not used in calculations. Note that all drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information. Trench 1 ProgramThe Trench 1 drill program was designed to test the lateral and vertical continuity of the mineralized zone that is exposed at surface at the Trench 1 showing. The drill program consisted of 647 metres in 16 holes (see Table 2) that ranged in depth from 27 to 51 metres and tested an area measuring approximately 75 metres by 45 metres. Mineralization at the Trench 1 area is dominated by disseminated sulphides, hosted within a hypersthene-bearing gabbro unit...