SPC Nickel Intersects 82.6 metres of 0.68% Nickel at the Lockerby East Project, Sudbury
SPC Nickel Corp. (TSXV: SPC) is pleased to announce new assay results from the 2022 drill program at the Company's 100% owned Lockerby East Project located in Sudbury.
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 recently completed a 18 hole, 5,200 metres drill program designed to further evaluate and expand the higher-grade Ni-Cu zone hosted within the larger West Graham deposit (see April 27, 2022 press release). Results from the first 5 holes were previously announced (see June 13, 2022 and July 13, 2022 press releases).
New assay results along with previously released results are reported in Table 1.
Highlights:
- Hole WG-22-008, intersected a broad zone of Ni-Cu mineralization over 82.6 metres grading 0.68% Nickel Equivalent (NiEq.) from 246.0 to 328.6 metres, including a higher-grade zone of 0.87% NiEq. over 16.0 metres.
- Narrow intervals of high-grade massive sulphide were encountered in holes WG-22-008 and WG-22-009 including 2.15% Ni, 0.50% Cu over 2.0 metres.
- Assay results from the remaining 10 holes are expected to be released in due course as they become available.
Grant Mourre, CEO and President of SPC Nickel commented, "We continue to be pleased with the assay results from the West Graham drilling program that now include only 8 of the 18 holes drilled during the campaign. The drilling continues to return thick mineralized zones with nickel and copper grades that are equal to or better than the historic resource. Additionally, the high-grade massive sulphide intervals encountered in holes 008 and 009, have us excited about the overall potential of the property."
The Company considers the West Graham and Lockerby East resource estimates to be historic mineral resources for purposes of NI 43-101. Neither the Company nor a qualified person on behalf of the Company have done sufficient work to classify the historical estimates as current mineral resources and the Company is not treating such historical estimates as current mineral resources. The Company considers the historic mineral resource estimates to be relevant to an understanding of the West Graham Project but has not done any work to validate the estimates.
Tags: Northern Ontario / Exploration / Battery Metals / All Articles