Market Herald logo

Subscribe

Be the first with the news that moves the market
  • SPC Nickel Corp. (SPC) announced additional drilling results from its Lockerby East-Nickel-Copper Project in Sudbury, Ontario
  • The Lockerby East Project hosts both the past-producing Lockerby East Mine and the unmined near-surface West Graham Nickel-Copper sulphide deposit
  • The West Graham Nickel-Copper sulphide deposits contain over 47,000 tons of nickel and 34,000 tons of copper indicated and inferred historical resources
  • SPC Nickel considers the West Graham and Lockerby East resource estimates to be historical mineral resources for an NI 43-101 report
  • The company first disclosed a historical resource estimate of the Lockerby East project in 2009 of 8.55 Mt at 0.45 nickel and 0.31 per cent indicated copper, and 2.0 Mt at 0.38 per cent nickel and 0.30 per cent copper inferred for the West Graham deposit
  • Shares of SPC Nickel dipped 7.14 per cent in Toronto to C$0.065 as of 3:42 p.m. EDT on Wednesday

SPC Nickel Corp. (SPC) announced assay results from the 2022 drill program at its 100 per cent owned Lockerby East Project.

Located in Sudbury, Ontario, the Lockerby East Project hosts the past-producing Lockerby East Mine and the unmined, near-surface West Graham nickel-copper sulphide deposit.

The West Graham deposit hosts over 47,000 tons of nickel and 34,000 tons of copper in indicated and inferred historical resources.

Highlights from the assay results include:

  • Hole WG-22-003, intersected a broad zone of Ni-Cu mineralization over 76.0 metres grading 0.54% NiEq. from 82.0 to 158.0 metres, including a higher-grade zone of 0.84% NiEq. over 16.5 metres.
  • Hole WG-22-002, intersected a broad zone of Ni-Cu mineralization over 42.0 metres grading 0.48% NiEq. from 79.0 to 121.0 metres, including a higher-grade zone of 0.80% NiEq. over 16.0 metres.

“We continue to be pleased with our drilling on the West Graham section of the Lockerby East Project. These new results combined with previously announced results from hole WG-22-001, further confirm the presence of multiple higher-grade zones and demonstrate the potential for West Graham to be a significant nickel asset for SPC in an already established nickel camp,” Grant Mourre, CEO and president of SPC Nickel, said in a press release.

The company also said assay results from the rest of the 13 holes would be released in the coming months as they become available.

The Lockerby East Project hosts the historic West Graham and Lockerby East deposits. In 2009, First Nickel Inc. disclosed a historical resource estimate of 8.55Mt @ 0.45 per cent Ni and 0.31 per cent Cu (indicated) and 2.0Mt @ 0.38 per cent Ni and 0.30 per cent Cu (inferred) for the West Graham deposit. These grades have economic potential in the context of the Sudbury Mining Camp, as the deposit is located very near to surface and may be amenable to low-cost open pit mining.

Shares of SPC Nickel dipped 7.14 per cent in Toronto to C$0.065 as of 3:42 p.m. EDT on Wednesday.

More From The Market Herald
VR Resources - CEO, Dr. Michael Gunning.

" VR (TSXV:VRR) intersects more critical mineralization

VR Resources (VRR) has discovered another high-grade zone of critical metals mineralization at its Hecla-Kilmer Property in Ontario.

" U3O8 Corp. (TSX:UWE) appoints new board chairman and CEO

U3O8 Corp. (UWE) announced that Dr. Richard Spencer has transitioned from President and Chief Executive Officer to Chairman of the Board.

" Gratomic (TSXV:GRAT) unveils graphite deposit extension in Brazil

Gratomic (GRAT) has a trenching program underway on its Capim Gross Project in Brazil.
The Market Herald Video

" Tocvan Ventures (CSE:TOC) announces latest drill results from Pilar

Tocvan Ventures Corp. (TOC) has completed the latest stage of drilling at its Pilar Au-Ag Project in Sonora, Mexico.