SPC Nickel Reports Grades up to 18.15% Cu, 97.90 g/t Pd, 11.65 g/t Pt, 4.89 g/t Au from 2025 Surface Sampling at the Muskox Project, Nunavut
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The most recent news, dated November 24, 2025, reports high-grade surface and channel sampling results from the company's Muskox Project in Nunavut. The 7-day program collected 77 samples. Highlights include: - A grab sample with grades of 18.15% Copper (Cu), 97.90 g/t Palladium (Pd), 11.65 g/t Platinum (Pt), and 4.89 g/t Gold (Au). - A channel sample from the Equinox Target returned 3.79 g/t Au over 0.6 metres. - Overall, 51% of samples returned grades greater than 2% Nickel + Copper (Ni+Cu), 25% returned greater than 5% Ni+Cu, and 27% returned greater than 5.0 g/t Platinum Group Metals (PGMs). The CEO, Grant Mourre, stated the results "underscore the unique geologic potential of the Muskox Project" and position it as a leading exploration opportunity. The release includes a disclaimer that grab samples are selective by nature and may not be representative.
This news is materially positive. It is the first set of assay results from the comprehensive 2025 summer exploration program at the Muskox project, which included extensive modern airborne geophysical surveys. The primary goal of the summer program was to define drill-ready targets.
- Confirmation of High-Grade Potential: While historical drilling in 1987 and 2007 hit high grades, these new surface sampling results confirm the presence of exceptionally high-grade Cu-Ni-PGM mineralization. The reported grades, particularly for copper and palladium, are spectacular, even for selective grab samples. This validates the company's geological model and significantly enhances the project's prospectivity.
- De-risking Exploration: The results provide tangible evidence of mineralization at surface, which helps to de-risk the much more expensive step of diamond drilling. They provide specific, high-priority locations to test at depth and will be correlated with the recently completed geophysical surveys to generate robust drill targets for 2026.
- Progression of Strategy: The company successfully raised $3.5 million in a rights offering in July 2025, with proceeds earmarked for advancing Muskox. This news demonstrates that the capital is being deployed effectively and is yielding highly encouraging results, justifying the summer program's expense.
- Context of Past News: In the preceding months, news focused on completing the financing (July), launching the geophysical surveys at Muskox (July-September), and commencing a drill program at the separate Lockerby East project in Sudbury (October). This release is the first concrete exploration result from the flagship Muskox project in 2025 and delivers on the company's promise to advance it toward drill-ready status.
While the market must heed the disclaimer about selective samples, the sheer number of samples returning high-grade values is a strong positive indicator. This news provides a much-needed catalyst and shifts the focus to the significant "blue sky" potential of Muskox, which the company has compared to world-class districts like Norilsk.
SPC Nickel Corp. is a Canadian mineral exploration company focused on nickel, copper, and platinum group metals. The company has two core assets: 1. Sudbury Projects (Ontario): This includes the Lockerby East Property, which hosts the near-surface West Graham deposit and the deeper, higher-grade LKE deposit. West Graham has a NI 43-101 compliant mineral resource estimate and is viewed by the company as a potential low-capital, open-pit starter project. A drill program targeting high-conductivity EM anomalies at depth on the LKE portion of the property commenced in October 2025. 2. Muskox Project (Nunavut): This is the company's flagship, district-scale greenfield exploration project. It is a large, layered mafic-ultramafic intrusion, which the company believes has geological similarities to world-class deposits like Norilsk in Russia. Despite compelling historical drill results, the project has been underexplored using modern techniques. The 2025 exploration program was the first major systematic work on the property in many years.