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SPC Nickel Completes Geophysical Survey and Identifies Multiple High Priority Anomalies at the Janes Property
Sudbury, Ontario--(Newsfile Corp. - April 14, 2021) - SPC Nickel Corp. (TSXV: SPC) ( "SPC" ...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Completes Geophysical Survey and Identifies Multiple High Priority Anomalies at the Janes PropertySudbury, Ontario--(Newsfile Corp. - April 14, 2021) - SPC Nickel Corp. (TSXV: SPC) (\"SPC\" or the \"Company\") is pleased to announce that it has completed a 25.55 line km 3D induced polarization (\"IP\") and magnetometer survey on its Janes PGM-Cu-Ni Property (the \"Property\"). The survey was completed by Canadian Exploration Services Ltd. using a 3D induced polarization survey. The survey targeted the northern portion of the Property and included the area around Trenches 1 and 4 where recent channel sample results returned values up to 2.25 g/t Pd, 0.41 g/t Pt, 0.43 g/t Au, 1.09 % Cu and 0.50 % Ni over a continuous length of 22.0 m (see press release, March 22, 2021).Commenting on the results, SPC's CEO, Grant Mourre stated, \"It is extremely exciting to see so many high priority IP targets generated from this initial survey. The results clearly show chargeability responses associated with the known mineralization at Trenches 1 and 4 (Target A) and newly identified anomalies at Targets B and C that have seen little to no exploration in the past. We look forward to the upcoming field program where we will focus our efforts on further evaluating these targets.\"Target Areas: (see Figure 1)Target A: Survey results show a NE-SW trending linear chargeability anomaly spanning 125 m wide by 600 m long in horizontal plan view (100 m below the MSL) that correlates well with the known mineralization in and around Trenches 1 and 4. Geologically, this area is interpreted to represent the eastern limb of a folded (anticline) mafic Nipissing sill where sulphide mineralization occurs near the SE dipping basal contact of the sill. All historic work completed to date on the Janes Property has focused on this area. In 1999, Pacific North West Capital Corp. (\"PFN\") completed two shallow holes beneath historic Trench 1. Hole JR99-01 drilled by PFN intersected 2.28 g/t Pd, 0.33 g/t Pt, 0.20 g/t Au, 1.01 % Cu and 0.27 % Ni over 18.05 m from 32.0 - 50.05 m1. Hole JR99-06 drilled by PFN intersected 2.08 g/t Pd, 0.33 g/t Pt, 0.30 g/t Au, 0.84 % Cu and 0.27 % Ni over 14.01 m from 9.90 - 23.91 m1.Target B: Survey results show a large 300 m by 450 m chargeability anomaly in an area that has seen no previous exploration activities. The current ...