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SPC Nickel Commences Drilling at Its High-Grade Ni-Cu-PGM Janes Project
Sudbury, Ontario--(Newsfile Corp. - May 27, 2021) - SPC Nickel Corp. (TSXV: SPC) ( "SPC Nick...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Commences Drilling at Its High-Grade Ni-Cu-PGM Janes ProjectSudbury, Ontario--(Newsfile Corp. - May 27, 2021) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") is pleased to announce the commencement of the 2021 drill program at its Janes Ni-Cu-PGM Project (the \"Project\") located in Sudbury, Ontario. The drill program will focus on testing a series of high-priority targets generated from the recently completed channel sampling and ground geophysical programs (see Company news releases of March 22, 2021 and April 14, 2021). The objectives of the 2021 drill program are to: (a) define the extent and continuity of the Trench 1 mineralization, and (b) test the 'Target B' geophysical anomaly identified in the recently completed ground Induced Polarization (\"IP\") survey.Grant Mourre, CEO and President of SPC Nickel Corp. commented, \"While the deep drill program continues at the Company's flagship Aer-Kidd project, the Janes Trench 1 drill program will test near and at surface opportunities with the goal of defining the extent of the known high-grade mineralization observed at surface. Systematic drilling has not been previously completed on the property and we look forward to building our understanding of the style and distribution of mineralization to determine our next steps at Janes.\" Discussion of Target AreasTrench 1 TargetThe Trench 1 (\"T1\") drill program is designed to test the lateral and vertical continuity of the mineralized zone that is exposed at surface in a 35 metre by 30 metres mineralized outcrop. Mineralization at the T1 area is dominated by disseminated sulphides, hosted within a hypersthene-bearing gabbro unit situated 10 metres above the basal contact of the Nipissing sill and the surrounding metasediments. Historic drilling completed by Pacific North West Corp. in 19991 reported similar grades and thicknesses as encountered at surface at a down-dip depth of 50 metres. Highlights from historic drilling include those detailed in Table 1 of this release.Table 1: Selected historic drill hole results from the T1 target area.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6510/85513_e8b33cf1847139c6_002full.jpgNote: PGM represents Pd g/t + Pt g/t + Au g/t. Equivalent values calculated using the 60-day average metal prices of US$7.80/lb Ni...