SPC Nickel Corp (TSX-V:SPC, OTC:SPCNF) has announced the final batch of assay results from the 2022 drill program at its Lockerby East project in Sudbury, Ontario, moving the company closer to defining a near-surface resource at the West Graham deposits.
The results include hole WG-22-013, which intersected a broad zone of nickel-copper mineralization over 40.83 meters grading 0.62% nickel equivalent (NiEq) between 204.17 to 245.00 meters, including a higher-grade zone of 0.82% NiEq. over 8 meters.
All drill holes returned nickel-copper intersections consistent or better than the historic West Graham resource, the company said, including 82.6 meters grading 0.68% NiEq.
READ: SPC Nickel strikes promising nickel equivalent at Lockerby East nickel-copper project in Sudbury
"The drill program at West Graham is now complete and has been a resounding success,” SPC Nickel CEO Grant Mourre said in a statement. “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 high-grade massive sulphide mineralization and interpreted a number of new high-grade shoots.”
The company expects to issue an updated resource estimate for the West Graham project in 2023.
“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,” Mourre said.
All told, SPC Nickel has completed an 18-hole, 5,200-meter drill program at the Lockerby East property. Results from the first 11 holes were announced earlier this year.
The unmined near-surface West Graham nickel-copper sulfide deposit contains over 47,000 tonnes of nickel and 34,000 tonnes of copper in indicated and inferred historical resources
SPC Nickel is a Canadian public corporation focused on exploring for nickel, copper and platinum group metals. The company has 100% owned exploration projects Lockerby East and Aer-Kidd in the historic Sudbury mining camp and holds an option to acquire 100% interest in the Janes project located approximately 50 kilometers northeast of Sudbury. In addition, the company recently acquired over 45,000 hectares covering a considerable proportion of the high prospective Muskox Intrusion in Nunavut.
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