SPC Nickel Corp. (TSX-V: SPC) is pleased to release additional assay results from a series of short holes drilled immediately beneath the surface exposure of the West Graham mineralized zone. Results from the program continue to return thick, shallow mineralized intervals at grades equal to or better than the historical West Graham mineral resource.

The recently completed West Graham drill program (See news release here) has focused on expanding and confirming the known mineralized zones, with the objective of delivering a new consolidated mineral resource by the end of 2023. The results from the shallow drilling highlight the potential to add near surface resource which could be amenable to low cost, bulk mining methods.

Highlights:

• WG-23-063: 1.01% Ni, 0.53% Cu over 17.00 metres (12.00 to 29.00 metres) within a wider zone grading 0.71% Ni, 0.38% Cu over 59.00 metres (2.00-59.00 metres).
• WG-23-068: 0.77% Ni, 0.48% Cu over 5.00 metres (41.00 to 46.00 metres) within a wider zone grading 0.42% Ni, 0.33% Cu over 39.00 metres (23.00-62.00 metres).

Grant Mourre, CEO and President of SPC Nickel commented, “Today’s results continue to demonstrate continuity in both the grade and thickness of the West Graham mineralized zone. Results from West Graham continue to exceed our expectations, returning grades equal to or better than the historical West Graham mineral resource demonstrates the project’s excellent potential. The Company remains on track and we’re looking forward to announcing additional drilling results and a maiden Mineral Resource by the end of 2023.”

The West Graham Project is located in the heart of the Sudbury Mining District where nine mines are currently in operation and two more are in the development phase. The region benefits from its proximity to well-developed transportation infrastructure including roads, railways, and electrical grid. In addition, West Graham is situated close to processing, smelting and refining assets which include two mills, two smelters and one nickel refinery. Local operators include global mining corporations Vale, Glencore and KGHM.

All samples for the remaining 17 drill holes have been submitted to the lab for analysis and results are expected to be released over the coming weeks.

For detailed sections across the West Graham Property, please click on the following link West Graham Sections.

Assay Results

Table 1: Reported assay results from the Phase 2 drill program on the West Graham Project. Assays from all holes not listed in Table 1 are pending.

Quality Assurance, Quality Control and Qualified Persons

The technical elements of this news release have been approved by Mr. Grant Mourre, P.Geo. (PGO), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101.

SPC Nickel follows rigorous sampling and analytical protocols that meet or exceed industry standards. Core samples are stored in a secured area until transport in batches to the ALS facility in Sudbury, Ontario, Canada. Sample batches include certified reference materials, blank, and duplicate samples that are then processed under the control of ALS. All samples were analyzed in Vancouver by ALS Chemex. Platinum, palladium, and gold values were determined together using standard lead oxide collection fire assay and ICP-AES finish. Base metal values were determined using sodium peroxide fusion and ICP-AES finish. Silver values were determined using an aqua regia digestion and an AAS finish. A Certified Reference Material (CRM) standard, blank or duplicate is inserted on every 10th sample in the following order: CRM, blank, CRM, duplicate. The cycle repeats every 40 samples, thus ensuring that 10% of samples submitted are control samples.

About SPC Nickel Corp.

SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp. SPC Nickel is currently exploring its key 100% owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp that includes the West Graham Resource and the Crean Hill 3 property under option from Vale. SPC Nickel also holds three additional projects across Canada including the large camp-scale Muskox Project (located in Nunavut), the past producing Aer-Kidd Project (located in the Sudbury Mining Camp) and the Janes Project (located 50 km northwest of Sudbury). The corporate focus is on Sudbury, and SPC Nickel continues to look for new opportunities to add shareholder value.

Figure 1: Plan map of the current area of drilling on the West Graham Project showing the collar locations and drill traces of the completed holes as well as all holes with assays pending. Location of Figure 2 is also displayed on the map. See Table 1 assay results. Bold collar labels indicated holes with new assay results. (CNW Group/SPC Nickel Corp.)

Figure 2: Detailed map of the current area of drilling on the West Graham Project showing the collar locations and drill traces of the completed holes as well as all holes with pending assay results. Surface samples are shown as color coded triangles. Shaded red area represent the area over which nickel and copper mineralization has been observed at surface. See Table 1 for results. Bold collar labels indicated holes with new assay results. (CNW Group/SPC Nickel Corp.)

Figure 3: Cross section along Section 476250m E showing the geology, mineralization isoshells and drill hole locations. Section is oreintated south north looking to the west. Assay results of selective drill holes are shown. Refer to Table 1 for additional results. (CNW Group/SPC Nickel Corp.)