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SPC Nickel Provides Update on Historical Data Compilation on its Highly Prospective Muskox Property: Grab Sample Grades at Surface up to 5.39% Ni, 2.88% Cu and 7.61 g/t PGM
Sudbury, Ontario--(Newsfile Corp. - February 1, 2022) - SPC Nickel Corp. (TSXV: SPC) ( "SPC ...
About this update from Spc Nickel Corp.
[{"type":"text","content":"SPC Nickel Provides Update on Historical Data Compilation on its Highly Prospective Muskox Property: Grab Sample Grades at Surface up to 5.39% Ni, 2.88% Cu and 7.61 g/t PGMSudbury, Ontario--(Newsfile Corp. - February 1, 2022) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") is pleased to provide an update of activities on the Company's 100% held, 43,000 hectares (430 km2) Muskox Property (the 'Property') located in Nunavut, Canada.Highlights from database studies preformed by SPC Nickel include:Presence of widespread high-grade nickel-copper-PGM mineralization along the 60 km strike length of the Muskox Feeder dyke.Two broad zones (3 to 4 km in strike length) of high-grade mineralization identified at both the Spider Lake and Marceau Lake areas.Grab sample values up to 5.39% Ni, 2.88% Cu and 7.61 g/t PGM reported from historic sampling at the Spider Lake area.Grab sample values up to 2.18% Ni, 2.13% Cu and 2.22 g/t PGM reported from historic sampling at the Marceau Lake area.Higher-grade zones occur in possible physical traps where the thickness and orientation of the dyke changes; similar to other world class nickel deposits such as in Sudbury and Voisey's Bay.No historic drilling is reported from either the Spider Lake or Marceau Lake areas.Grant Mourre, CEO and President of SPC Nickel Corp. commented, \"Since acquiring the Muskox Property and consolidating it with an exclusive database late last year, the team has been aggressively analyzing four decades worth of historic data. We believe the Muskox Property has tremendous potential and our initial review of the historic data has given us a fresh perspective on the exploration potential of the Property. We feel the Property, which has laid dormant for many years, has exciting potential to be a new source of critical metals for electric batteries which are now so important in our new world.\"In advance of ground-based exploration activities on the Property, SPC Nickel has initiated comprehensive desktop studies of the recently acquired proprietary Muskox database to identify potential areas of opportunity that exist on the Property. These studies include: (a) a detailed review and reinterpretation of historic geophysical data, (b) the extraction and compilation of ground geochemical data including soil and rock samples, and (c) a detailed comparison to other ...