| Announcement Date: | 2022-12-06 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | SPC Nickel Corp. |
| Project name: | Lockerby East |
| Location: | Canada |
| Commodities: | Gold,Palladium,Platinum,Silver,Copper,Nickel,Cobalt |
| Highlight: | Drilling results incl. 4m at 0.43% Ni, 0.31% Cu, 200.00ppm Co, 0.04g/t Pt, 0.02g/t Pd, 0.02g/t Au, 1.73g/t Ag, from 180m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Sudbury, Ontario – (December 6, 2022) – SPC Nickel Corp. (TSX-V:SPC) (“SPC Nickel” or the “Company”), is pleased to announce the final batch of assay results from the 2022 drill program at the Company’s 100% owned Lockerby East Project (the “Project”) located in Sudbury, Ontario. These results expand the high-grade mineralized zone while also adding confidence in the continuity of the historic resource, which further advances the Company towards its goal of defining a near surface resource at West Graham. Highlights: 1. New assay results include hole WG-22-013 that intersected a broad zone of Ni-Cu mineralization over 40.83 metres grading 0.62% Nickel Equivalent (NiEq.) from 204.17 to 245.00 metres including a higher-grade zone of 0.82% NiEq. over 8.0 metres. 2. All drill holes returned Ni-Cu intersections consistent or better than the historic West Graham resource. Highlights include 82.6 metres grading 0.68% NiEq. (WG-22-008, previously reported). 3. Step-out drilling further defined and expanded the high-grade core of the West Graham resource. Highlights include 24.0 metres grading 0.97% NiEq. (WG-22-001, previously reported). Grant Mourre, CEO and President of SPC Nickel commented, “The drill program at West Graham is now complete and has been a resounding success. Not only have we achieved much improved geological confidence in the historic resource, but we also significantly expanded the high-grade envelopes, discovered new zones of highgrade massive sulphide mineralization and interpreted a number of new high-grade shoots. We believe that an updated Resource Estimate at West Graham, scheduled for some time in 2023, will provide the market with a better understanding of this strategic asset’s value potential. We feel the West Graham deposit is developing into a key asset of the Company in what is arguably the top Nickel camp in the world.” |
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