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SPC Nickel Intersects 24 Metres of 0.97% Nickel Equivalent at the Lockerby East Nickel-Copper Project, Sudbury, Ontario
Sudbury, Ontario--(Newsfile Corp. - June 13, 2022) - SPC Nickel Corp. (TSXV: SPC) ( "SPC N...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Intersects 24 Metres of 0.97% Nickel Equivalent at the Lockerby East Nickel-Copper Project, Sudbury, OntarioSudbury, Ontario--(Newsfile Corp. - June 13, 2022) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\"), is pleased to announce the first assay results from the on-going 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 historic West Graham deposit. Previously, the Company announced the commencement of a 14 hole, 4,200 metre drill program designed to further evaluate and expand the extents of the high-grade Ni-Cu zone hosted within the larger West Graham deposit (see April 27, 2022 press release). Assay results from the first hole have been completed and are reported in Table 1. Highlights:Hole WG-22-001, intersected a broad zone of Ni-Cu mineralization over 38.0 metres grading 0.75% nickel equivalent (\"NiEq.\") (0.63% Ni, 0.33% Cu, 0.02% Co) from 38.0 to 76.0 metres.Included within the broad zone of mineralization was a high-grade zone returning values of 0.97% NiEq. (0.83% Ni, 0.40% Cu, 0.03% Co) over 24.0 metres.The values returned from WG-22-001 are consistent or better than those used to generate the 2009 West Graham resource.The drilling campaign continues at the Lockerby East Project with one drill currently turning. Since the start of the program a total of 2,600 metres in 10 holes have been completed. Drilling has been focused on defining and expanding the high-grade zone of the historic West Graham deposit, where values of ~1.0% NiEq. occur.Grant Mourre, CEO and President of SPC Nickel commented, \"We are delighted to have received results for the first hole from the West Graham drill program located on our Lockerby East Property. As expected, drilling so far has intersected broad zones of sulphide mineralization with grades and thicknesses comparable to the historic resource. With the intersection of a thick zone of ~1% Nickel Equivalent grade, we have confidence that our drill program will continue to expand the extents of the high-grade mineralized zone. Additional results from other holes will be published as they become available.\"Assay ResultsTable 1: Assay results from the West Graham drilling on the Lockerby East Project.To view an enhanced versio...