Business
SPC Nickel Provides Update on 2022 Exploration Programs
Sudbury, Ontario--(Newsfile Corp. - April 5, 2022) - SPC Nickel Corp. (TSXV: SPC) ( "SPC N...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Provides Update on 2022 Exploration ProgramsSudbury, Ontario--(Newsfile Corp. - April 5, 2022) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") is pleased to provide an update on its fully funded 2022 exploration program, which will focus on its nickel properties in Ontario and Nunavut. In addition, remaining assay results from the 2021-2022 Aer-Kidd exploration program are also included. Highlights:Lockerby East Project - Sudbury BasinHosts the shallow West Graham historical resource (non-compliant) comprised of 8.55Mt @ 0.45% Ni, 0.31% Cu (indicated) and 2.00Mt @ 0.38% Ni, 0.30% Cu1 (inferred).Definable high-grade zone with values greater than 1% NiEq over minable widths.4,200 metres of drilling are planned in 2022 to better define the higher-grade portion of the resource.Updated resource estimate by year end.Muskox Project - NunavutRepresents one of the last camp-scale Ni-Cu-PGM opportunities in North America.Includes the highly prospective, 100% controlled, 60 km long Feeder Dyke that hosts two broad zones (3 to 4 km in strike length) of high-grade mineralization at Spider Lake and Marceau Lake areas where grab samples with values up to 5.39% Ni, 2.88% Cu, 7.61 g/t PGM and 2.18% Ni, 2.13% Cu, 2.22 g/t PGM2 were respectively reported. Planned 2022 summer mapping and sampling program in late June to define targets for focused exploration work in 2023.Janes Project - Sudbury AreaWidespread Ni-Cu-PGM mineralization associated with a regionally extensive Nipissing diabase sill where drilling in 2021 returned values of up to 0.51% Ni, 1.04% Cu and 5.10 g/t PGM over 9.0 metres3.Exploration plans scheduled for May include ground geophysical surveying on a large previously untested area, followed by exploration drilling commencing in the fall. Grant Mourre, CEO and President of SPC Nickel Corp. commented, \"With the recent closing of a $3.16 million financing, we are fully funded for this year's expansive exploration programs with a focus on making new discoveries and adding value for our shareholders. Our primary focus will be on the Lockerby East Project where we feel that, with the planned work, we can establish a shallow nickel sulphide resource in a world-class stable mining camp. Additionally, our Muskox Project, provides the Company an opportunity to make a significant discovery in an underexplored...