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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (160507)	8/25/2023 2:55:51 AM
From: Goose94	Read Replies (1) \| Respond to of 202925

SPC Metals (SPC-V) has drilled an 18-metre interval averaging 1.27 per cent nickel at its West Graham project in the Sudbury district of Northern Ontario -- a subinterval of a 50-metre mineralized section that ran 0.7 per cent nickel. (Both intervals also contained promising grades of copper, cobalt and precious metals.) The assays are from 13 new holes drilled in the company's second phase of drilling on the project. All the holes returned mineralization, most over significant intervals and most with noteworthy grades. Results from another 17 holes of the 30 holes completed so far are pending. Mr. Mourre, president and chief executive officer, was "very pleased with the excellent results" obtained so far from the phase II drill program. The new drilling "successfully demonstrates the robust upside potential at West Graham," he enthused, adding that his crews "have not yet reached the limit of the strike and depth continuity of the main mineralized zone." Mr. Mourre says that recently completed geophysical work has the potential to identify new targets, but his focus for now is on getting the remaining assays and rolling out a maiden resource estimate for "both deposits" before the end of the year. As for the other deposit that triggers the "both," Mr. Mourre eventually got around to touting Crean Hill, another nearby nickel deposit that the company is concurrently working. There is a historical estimate for Crean Hill that lists 16.8 million tonnes at 0.43 per cent nickel and 0.3 per cent copper, and another at West Graham, which shows 8.55 million tonnes indicated at 0.45 per cent nickel and 0.31 per cent copper and two million tonnes inferred at slightly lower grades. And so, Mr. Mourre deems the combination of the two projects to be a "transformational opportunity" for SPC Nickel, as they would form one contiguous near-surface deposit. by Will Purcell