Janes Project, Ontario, Canada

• Overview

  The 2,924 hectare Janes Property is located in the Sudbury Mining District, approximately 50 km east of Sudbury, Ontario. First discovered in 1958, the target of exploration on the Property is magmatic Ni-Cu-PGM mineralization, hosted within a regionally extensive Proterozoic-aged Nipissing gabbro sill. SPC Nickel Corp. has an option to earn a 100% interest in the Janes Property.

• Project Presentation

  • Janes - Q2 2024

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• Brief History

  The Janes Property was initially explored in 1969 by Kennco Exploration (Canada) Ltd., which reported both disseminated and massive Ni-Cu sulphide mineralization (PGM’s not reported) occurring near the base of a large Nipissing gabbro sill. Of significant interest was drillhole 69-08 that intersected 10.70 m of 1.27% Ni and 1.59% Cu. This drillhole was subsequently re-assayed by Falconbridge Ltd. in 1989 returning 1.51% Ni, 1.86% Cu, and 1.78 g/t PGM’s over 7.9 m.

  Between 1997 and 2001, the property was explored jointly by Pacific North West Capital Corp. (PFN) and Anglo Platinum Corporation Ltd. Exploration activities focused on the basal contact of the sill where both disseminated and massive sulphide mineralization was exposed in a series of trenches over a strike length of more than 400 metres. In 1999, drilling completed down-dip of the mineralization at Trench 1 (drillhole JR99-01) intersected 18.05 m grading 0.27% Ni, 1.01% Cu and 2.71 g/t PPG. In 1999, drilling at Trench 4 (drillhole JR99-03) intersected 8.68 m grading 0.69% Ni, 0.44% Cu and 4.45 g/t PGM.

  In 2007 and 2011, Goldwright/GoldTrain Resources Inc. conducted diamond drilling in the vicinity of previous drilling by PFN and Anglo Platinum. Results from the diamond drilling include 6.0 m of 0.26% Ni, 0.62% Cu and 2.49 g/t PGM (drillhole JR07-29).

  In 2020, SPC Nickel Corp. entered into an option agreement to acquire a 100% interest in the Janes Property. From 2020 to 2021, SPC Nickel Corp. completed ground geophysics, channel sampling, geological mapping and diamond drilling on the property. Highlights include:

  • Bonanza grade PGM mineralization with values up to 675 g/t Pd, 89.8 g/t Pt and 35.9 g/t Au hosted within narrow shear zones.
  • A 25 line km ground 3D IP and magnetic survey identified several chargeability highs associated with either areas of known mineralization or previously untested areas.
  • A detailed channel sampling program completed at the historic Trench 1 and 4 areas returned high-grade Ni-Cu-PGM values over significant widths. Highlights include:
    • 0.50% Ni, 1.09%Cu, 3.09 g/t PGM over 22.0 m at Trench 1.
    • 0.78% Ni, 0.66% Cu, 5.51 g/t PGM over 6.0 m at Trench 4.
  • In 2021, SPC Nickel Corp. completed 920 m of drilling on the property including a detailed 647 m, 16 hole program focused on the Trench 1 mineralized zone. Highlights from the drilling include:
    • 0.46% Ni, 0.93% Cu and 4.63 g/t PGM over 10.50 metres (JP-21-001)
    • 0.40% Ni, 0.83% Cu and 5.09 g/t PGM over 6.65 metres (JP-21-002)
    • 0.30% Ni, 0.69% Cu and 3.06 g/t PGM over 26.60 metres (JP-21-010)
       

• Geology and Mineralization

  The Janes Property consists primarily of Proterozoic-aged Nipissing gabbro intruding Huronian metasediments. The main Nipissing body which hosts known mineralization on the Property is interpreted as a folded sill. This Nipissing sill hosts several zones of magmatic sulphide-hosted Ni-Cu-PGE mineralization in a hypersthene-bearing gabbro unit near the footwall contact with the Huronian sediments. Three styles of mineralization are identified on the Property:

  • Disseminated Ni-Cu-PGM mineralization
  • Pods of semi-massive to massive Ni-Cu-PGE mineralization
  • Shear-hosted bonanza grade PGM mineralization
     

• Maps and Figures

  

  

  

  

  

  

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