SPC NICKEL CORP. SPC Nickel Corp. (SPC Nickel), advised that it has intersected massive to semi-massive sulphide mineralization in hole WG-23-026, the eighth drill hole of its Phase 1 drilling campaign at the recently consolidated West Graham and Crean Hill 3 properties (collectively, the West Graham Project). SPC Nickel is currently drilling the Crean Hill 3 portion of the Project, which is subject to the Agreement between SPC Nickel and Vale Canada.
Highlights WG-23-026 intersected a 143.0 metre2 (76.0-219.0 metres) zone of 'West Graham-style' mineralization consisting of 5 to 20% disseminated to blebby sulphides 1. Contained within this intersection was an unexpected 7.80 metre2 interval (170.05-179.9 metres) hosting several intervals of massive to semi-massive sulphide mineralization1. Assay results from WG-23-026 are pending. Massive sulphide sections contain up to 10% visual pentlandite1.
The reported intersection is located approximately 150 metres west of the West Graham Crean Hill 3 property boundary. To date, eight holes (1,000 metres), including WG-23-026, have been completed and have intersected 'West Graham-style' mineralization over widths consistent with the current geological model. Assays from all these holes are pending.
1. In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of sulphide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the widths and grade of the visible mineralisation reported in preliminary geological logging. The Company will update the market when laboratory analytical results become available.
2. Reported drill hole intersections refer to down-hole intersection length. True widths cannot be estimated with available information.
