SPC Nickel Corp (TSX-V:SPC, OTC:SPCNF) has announced assay results for the first 13 holes of 30 from the ongoing Phase 2 drill program at its West Graham Project in Sudbury, Ontario, which included 1.27% nickel and 0.47% copper over 18 metres (m) from 245m to 263m.
The mineral exploration company said the Phase 2 program is well underway, with over 6,748m already completed, and continues to confirm and extend historic mineralization at expected or better grades while discovering new high-grade mineralization.
"The drill program successfully demonstrates the robust upside potential at West Graham, where we have not yet reached the limit of the strike and depth continuity of the main mineralized zone,” SPC Nickel CEO Grant Mourre said in a statement.
"While the recently completed ground EM (electromagnetic) survey has the potential to identify new targets within a sparsely tested footwall environment, we're looking forward to announcing additional drilling result and a maiden Mineral Resource estimate for the combined deposits in 2023," he added.
SPC Nickel also reported the completion of a 6.5 line kilometre ground EM survey covering a large portion of the property, which represents the first ground EM survey to date completed on the property.
The company added that the objectives of the survey are to test the contact of Sudbury Igneous Complex (SIC) west of the ongoing Phase 1 and 2 drilling as well as to evaluate the potential of the related footwall to host economic sulphide mineralization similar to what is observed at other Sudbury mines.
As well, SPC Nickel said it has received an Ontario Junior Exploration Program (OJEP) grant from the Ontario Government of up to $200,000 to cover 50% of eligible explorations costs on its project, which is aimed at facilitating the exploration of critical minerals within Ontario.
SPC Nickel is a Canadian public corporation focused on exploring for nickel, copper, and platinum group metals (PGMs) within the world-class Sudbury Mining Camp.
The company 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.
Contact Sean at sean@proactiveinvestors.com