SPC Nickel Corp. (TSXV:SPC) has announced the maiden mineral resource estimate (MRE) for its West Graham Project, part of the company’s large-scale Ni-Cu property in the southwest corner of the Sudbury Basin in Ontario.
The MRE, in accordance with NI 43-101 is effective as of 4 December 2023, was produced following the consolidation of the project in January 2023 through an agreement with Vale Canada. Following that consolidation, SPC Nickel completed a diamond drilling programme of 67 holes and totalling 14,180m.
“SPC Nickel is very pleased to deliver this maiden mineral resource representing yet another major milestone for the company as we continue to grow and advance the West Graham project.”, said CEO and president Grant Mourre.
“To produce a mineral resource estimate within 12 months of signing an agreement to consolidate the asset with Vale in January 2023, is a tremendous achievement by our team.”
The MRE shows indicated resources of 224.8Mlbs of nickel and 155.0Mlbs of copper and further inferred resources of 86.2Mlbs of nickel and 57.5Mlbs of copper.
The in-pit resource was calculated at a 0.3% Ni Eq cutoff to a vertical depth of 435m. It contains 19.3Mt indicated grading 0.42% Ni and 0.28% Cu. The inferred portion is 3.3Mt at 0.37% Ni and 0.28% Cu. There is a higher-grade portion of over 0.9% Ni Eq that may expand the resource base with more infill drilling.
In addition to the West Graham deposit, the property also hosts the 100%-owned high-grade LKE (Lockerby East) deposit located 200m down-dip from the West Graham resources. The historic resource at LKE is currently being updated by SGS Geological Services.
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