– SPC Nickel Corp. (TSX-V:SPC) (“SPC Nickel” or the
“Company”) is pleased to provide an update on its fully funded 2022 exploration program, which will focus on its nickel properties in Ontario and Nunavut. In addition, remaining assay results from the 2021- 2022 Aer-Kidd exploration program are also included.
Highlights:
• Lockerby East Project – Sudbury Basin
o Hosts the shallow West Graham historical resource (non-compliant) comprised of 8.55Mt @
0.45% Ni, 0.31% Cu (indicated) and 2.00Mt @ 0.38% Ni, 0.30% Cu1
(inferred).
o Definable high-grade zone with values greater than 1% NiEq over minable widths.
o 4,200 metres of drilling are planned in 2022 to better define the higher-grade portion of the
resource.
o Updated resource estimate by year end.
• Muskox Project – Nunavut
o Represents one of the last camp-scale Ni-Cu-PGM opportunities in North America.
o Includes the highly prospective, 100% controlled, 60 km long Feeder Dyke that hosts two
broad zones (3 to 4 km in strike length) of high-grade mineralization at Spider Lake and
Marceau Lake areas where grab samples with values up to 5.39% Ni, 2.88% Cu, 7.61 g/t
PGM and 2.18% Ni, 2.13% Cu, 2.22 g/t PGM2 were respectively reported.
o Planned 2022 summer mapping and sampling program in late June to define targets for
focused exploration work in 2023.
• Janes Project – Sudbury Area
o Widespread Ni-Cu-PGM mineralization associated with a regionally extensive Nipissing
diabase sill where drilling in 2021 returned values of up to 0.51% Ni, 1.04% Cu and 5.10
g/t PGM over 9.0 metres3
.
o Exploration plans scheduled for May include ground geophysical surveying on a large
previously untested area, followed by exploration drilling commencing in the fall.
