SPC Nickel Corp. (TSX-V:SPC) (“SPC Nickel” or the “Company”) ispleased to announce that a property wide 1,000 line-km MobileMT electromagnetic geophysical (“EM”) survey willcommence during the last week of July at SPC Nickel’s 100% owned district-scale Muskox Cu-Ni-PGM Project (“Muskox Project” or the “Project”) in Nunavut, Canada.
The helicopter-borne survey, to be conducted by Expert Geophysics Survey Inc. (“EGS”), will be instrumental in determining the overall three-dimensional shape and morphology of the Muskox Intrusion and for identifying both large conductive regions associated with the basal contact of the Muskox Intrusion and the extensive Keel Zone target, a Voisey’s Bay analogue. The survey will be the first of its kind completed over the highly prospective Muskox Intrusion and the first airborne geophysical survey completed in over 20 years on the Project. Historical drill results underscore the exceptional mineral potential of the Muskox Intrusion, including:
• 7.50 metres @ 6.14% Cu, 2.76% Ni and 9.06 g/t PGM (Pt+Pd+Au)1 by Silvermet Corporation in 2007and
• 13.74 metres @ 5.04% Cu, 2.21% Ni and 5.63 g/t PGM2 by Equinox Resources Ltd. in 1987.
The Keel Zone is interpreted to represent a dynamic geological environment, similar to the Ovoid deposit at the Voisey’s Bay Mine, which the Company believes has excellent potential to host high-grade polymetallic (Cu-Ni-PGM) sulphide mineralization. The Keel Zone extends over a strike length of 40 km and represents the intersection point of the Muskox Feeder Dyke with the main Muskox Intrusion.
Grant Mourre, CEO and President of SPC Nickel commented, “Muskox stands out as one of the last remaining district-scale, underexplored polymetallic systems in a Tier-1 jurisdiction. The scale of the intrusion, the intensity of the mineralization, and the diversity of metal content we’re seeing – including copper, nickel, and PGMs – all point to the presence of a very large, highly fertile magmatic system. We are just beginning to scratch the surface of this exciting project. The program announced today builds on our previous work at Muskox and will, alongside our comprehensive proprietary database, contribute to a robust geological model that supports the potential for a globally significant polymetallic discovery in Canada’s north.”
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