SPC Nickel of Sudbury, Ontario Reports Positive New Assay Results

PC Nickel Corp. announced new assay results from its Phase 1 drilling campaign, including the complete assay results from hole WG-23-026, at the recently consolidated West Graham and Crean Hill 3 properties in  "West Graham Project") Nickel-Copper mining district of Sudbury, Ontario.

The ongoing 5,000 metre drill program is focused on confirming, upgrading, and extending the historical Nickel-Copper resources that straddle the consolidated property boundary (see West Graham Project summary below).

"We are enthusiastic about these assay results from the West Graham Project drilling program which continue to return thick mineralized zones with nickel and copper grades that are equal to or better than the historic West Graham Resource,” said  Grant Mourre, CEO and President of SPC Nickel.

“To date, assays from only 9 of the 22 holes drilled during the campaign have been received from the lab, so we expect to continue providing updates on results through the remainder of this quarter,” added Mourre. “ Our focus remains on working towards delivering a combined mineral resource estimate at the West Graham Project by the end of 2023."

Hole WG-23-026, intersected a thick zone of nickel and copper mineralization over 80.9 metres grading 0.49% Ni, 0.25% Cu (0.58% Nickel Equivalent (NiEq.) from 106.0 to 186.9 metres, including the previously reported higher-grade zone that returned 2.48% Ni, 0.64% Cu (2.72% NiEq.) over 7.9 metres from 170.0 to 177.9 metres (SPC Nickel's news release of April 11, 2023).

Hole WG-23-025, intersected 47.0 metres grading 0.56% Ni, 0.30% Cu (0.67% NiEq.) from 20.0 to 67.0 metres, including a higher-grade zone of 0.72% Ni, 0.42% Cu (0.87% NiEq.) over 23.0 metres from 42.0 to 65.0 metres.

Individual semi-massive sulphide samples from WG-23-027 returned values as high as 3.33% Ni, 0.23% Cu over 0.50 metres.

To date, 3,600 metres in 22 holes have been completed and results from 9 of these holes have been received.

West Graham Project
On January 23, 2023, SPC Nickel announced the signing of an Agreement with Vale Canada granting SPC Nickel the right to earn 100% interest in the Crean Hill 3 Property which is adjacent to SPC Nickel's West Graham Property. As an advanced project, the combination of the West Graham and Crean Hill 3 assets is a transformational opportunity for SPC Nickel. 

The historical mineral resources on these properties form one contiguous near-surface deposit and consists of the following:

Crean Hill 3 hosts a historic mineral estimate of 16.78Mt @ 0.43% Ni and 0.30% Cu (0.53% NiEq.)1.
West Graham hosts a historic indicated mineral resource of 8.55Mt @ 0.45% Ni, 0.31% Cu (0.55% NiEq.) along with an inferred mineral resource of 2.0Mt @ 0.38% Ni, 0.30% Cu (0.48% NiEq.).

SPC Nickel considers the West Graham and Crean Hill 3 resource estimates to be historic mineral estimates for purposes of NI 43-101. Neither the company nor a qualified person on behalf of SPC Nickel have done sufficient work to classify the historical estimates as current mineral resources and SPC Nickel is not treating such historical estimates as current mineral resources. 

SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp. SPC Nickel is currently exploring its key 100% owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp that includes the Graham West Resource and the Crean Hill 3 property under option from Vale. 

SPC Nickel also holds three additional projects across Canada including the large camp-scale Muskox Project (located in Nunavut), the past producing Aer-Kidd Project (located in the Sudbury Mining Camp) and the Janes Project (located 50 km northwest of Sudbury). The corporate focus is on Sudbury, and SPC Nickel continues to look for new opportunities to add shareholder value. Additional information regarding SPC Nickel and its projects can be found at www.spcnickel.com.

For further information is available at www.spcnickel.com by contacting: Grant Mourre, Chief Executive Officer, SPC Nickel Corp., Tel: (705) 669-1777, Email: gmourre@spcnickel.com

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