SPC Nickel samples up to 1.65% nickel at Muskox, Nunavut
SPC Nickel Corp. [SPC-TSXV] reported assay results from prospecting targeting nickel-copper-platinum group metals (PGM) at the highly prospective Muskox property during June to July, 2022.
The 100%-owned property consists of 14 mineral claims and two prospector permits covering 45,900 hectares of the Muskox intrusion. The property is located approximately 100 km south of the Hamlet of Kugluktuk within the Kitikmeot region of western Nunavut.
Highlights included high-grade grab samples with values up to 1.55% Ni (nickel), 6.38% Cu (copper) and 6.18 g/t Pt+Pd+Au (platinum, palladium and gold) (PGM, platinum group metals) were collected intermittently over a strike length of 1.0 km at the SKOX showing.
High-grade grab samples with values up to 1.48% Ni, 1.57% Cu and 2.66 g/t PGM were collected intermittently over a strike length 1.1 km at the Spider Lake area.
The highest-grade sample was collected along the west margin of the main Muskox intrusion and returned values of 1.65% Ni and 8.64% Cu. Grab samples are preferentially selected and are not representative of the entire property.
Grant Mourre, CEO and president, commented: “We are very encouraged by the results from our maiden Muskox field trip. The results further confirm our belief, that the Muskox intrusion has the potential to become a world-class Ni-Cu-PGM camp. We are excited to continue to evaluate and develop targets on the property and look forward to our return to the field.”
The company completed a five-day prospecting program on the Muskox property in late June. The company’s field crews accessed the property via daily helicopter flights based out of the Hamlet of Kugluktuk located approximately 100 km to the north of the property.
The objectives of the program were twofold: to visit and resample many of the historic Ni-Cu-PGM showings on the property to gain a better understanding on the style and controls of sulphide mineralization and to collect high-quality geochemical data that will be used to better understand the overall prospectivity of the Muskox intrusion. During the five-day program, a total of 140 grab samples were collected across a wide range of geological environments, this included 62 samples for assay analysis and 78 samples for complete geochemical analysis. Non-mineralized to weakly mineralized samples were intentionally collected for all sites for complete geochemical characterization.
SPC Nickel is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world-class Sudbury mining camp. The company is currently exploring its key 100%-owned exploration projects Lockerby East and Aer-Kidd both located in the heart of the historic Sudbury mining camp and holds an option to acquire 100% interest in the Janes project located approximately 50 km northeast of Sudbury.
In addition, the company recently acquired over 46,000 hectares covering a large proportion of the high-prospective Muskox intrusion, located in Nunavut.