SPC Nickel Provides Update on the Reinterpretation of Historic Geophysical Data Collected on the Muskox Property, Nunavut

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[{"type":"text","content":"SPC Nickel Provides Update on the Reinterpretation of Historic Geophysical Data Collected on the Muskox Property, NunavutSudbury, Ontario--(Newsfile Corp. - May 25, 2022) - SPC Nickel Corp. (TSXV: SPC) (\"SPC Nickel\" or the \"Company\") reports that it has successfully concluded a reinterpretation of a 1994 ground based Total Field Magnetics and VLF-EM survey completed by BHP Minerals Canada Ltd.1 over the Marceau Lake Area of the high prospective Muskox Property (the 'Property') located in Nunavut, Canada (Figure 1).Figure 1: Regional Map of the Muskox Intrusion showing the location of SPC's Muskox Property. Also shown is the location of the Marceau Lake area. Blue regions are the newly acquired mining claims.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/6510/125217_c7323cebc4519b86_002full.jpgHighlights from the reinterpreted Geophysical Survey include:The presence of a broad conductive zone measuring 500 metres in strike length and up to 125 metres in width (Figure 2).2D inversions of the data indicate that the anomaly extends from surface to the depth limits of the survey (80 metres vertical) (Figure 3).The anomaly is associated with the historic SKOX showing where values up to 1.90% Ni+Cu and 2.76 g/t Pt+Pd+Au1 have been reported historically from grab samples.The magnetic survey clearly identifies the contacts of the Muskox Feeder dyke. A positive correlation between nickel soil geochemistry anomalies and modelled VLF anomalies.Figure 2: KH Depth slice (-67m) of the remodelled VLF-EM data. Conductive zones are shown in red/orange while resistive zones are blue/purple in color. Added to the map are the interpreted contacts of the Muskox Feeder dyke in the white dashed lines. Selective assay results1 from the area are shown as red circles with respective Ni+Cu wt.%/Pt+Pd+Au ppm values. Dashed red line is the approximate outline of the modelled conductive region. Note that grab samples are selective by nature and values reported may not be representative of mineralized zones. Note that the Karous-Hjelt Filter, named after Karous and Hjelt who calculated this in 19833. The Karous and Hjelt filter has been long time used as a qualitative interpretation of VLF-EM data. It is derived directly from the concept of magnetic fields associated with the current flow in the su...

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