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SPC Nickel Intersects 16.5 Metres of 0.84% Nickel Equivalent from Second Batch of Drilling Results at the Lockerby East Nickel-Copper Project, Sudbury, Ontario
Sudbury, Ontario--(Newsfile Corp. - July 13, 2022) - SPC Nickel Corp. (TSXV: SPC) ( "SPC N...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Intersects 16.5 Metres of 0.84% Nickel Equivalent from Second Batch of Drilling Results at the Lockerby East Nickel-Copper Project, Sudbury, OntarioSudbury, Ontario--(Newsfile Corp. - July 13, 2022) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\"), is pleased to announce assay results from a further 4 out of 18 diamond drill holes from the completed 2022 drill program at its 100% owned Lockerby East Project (the \"Project\") located in Sudbury, Ontario. The Lockerby East Project hosts both the past producing Lockerby East Mine and the unmined, near-surface West Graham Nickel-Copper sulphide deposit that contains over 47,000 tonnes of nickel and 34,000 tonnes of copper in indicated and inferred historical resources. The Company previously announced the commencement of a 14 hole, 4,200 metre drill program designed to further evaluate and expand the extents of the higher-grade Ni-Cu zone hosted within the larger West Graham deposit (see April 27, 2022 press release). As a result of better than estimated drilling rates, an additional 990 metres in 4 holes were added to the program resulting in a total of 5,200 metres in 18 holes being completed. Results from WG-22-001, were previously released and reported 38.0 metres grading 0.75% nickel equivalent (\"NiEq.\") (see June 13, 2022 press release).New assay results from the next 4 holes are reported in Table 1. Highlights:Hole WG-22-003, intersected a broad zone of Ni-Cu mineralization over 76.0 metres grading 0.54% NiEq. from 82.0 to 158.0 metres, including a higher-grade zone of 0.84% NiEq. over 16.5 metres.Hole WG-22-002, intersected a broad zone of Ni-Cu mineralization over 42.0 metres grading 0.48% NiEq. from 79.0 to 121.0 metres, including a higher-grade zone of 0.80% NiEq. over 16.0 metres.Assay results from the remaining 13 holes are expected to be released over the upcoming months as the results become available. Grant Mourre, CEO and President of SPC Nickel commented, \"We continue to be pleased with our drilling on the West Graham section of the Lockerby East Project. These new results combined with previously announced results from hole WG-22-001, further confirm the presence of multiple higher-grade zones and demonstrate the potential for West Graham to be a significant nickel asset for SPC in an already established nickel camp.\"The Company co...