# SPC Nickel Commences Drilling on High-Conductivity EM Targets at Lockerby East, Sudbury, Ontario Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15 Original source: https://money.tmx.com/en/quote/SPC/news/8419277334707432/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s Publisher: tmx Original announcement: 2025-10-23T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: SPC Nickel Corp. - Ticker: SPC - Exchange: TSX - Region: Sudbury, Ontario - Primary commodity: Nickel - Secondary commodities: Copper, Platinum group elements - Document categories: Resource update, Drill results - Extracted: 2026-09-19 01:21:48 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary SPC Nickel has commenced a 1,000-metre diamond drilling program at its Lockerby East Property in Sudbury, Ontario, to test high-conductivity EM anomalies located down-dip of the LKE Resource. The program aims to evaluate potential for new Ni-Cu-PGM mineralization near historical high-grade intercepts. Reasoning: The announcement marks the start of a strategic drilling program targeting high-potential geophysical anomalies near known high-grade mineralization. - Positive factor: Commencement of new drilling program targeting high-conductivity EM anomalies - Positive factor: Targets located down-dip of existing LKE Resource - Positive factor: Proximity to high-grade historical intercepts \(5.60% Ni\) - Positive factor: Targeting a known high-grade Sudbury-style massive sulphide system - Negative factor: New drilling results are not yet available \(program just commenced\) Facts used in scoring: 5 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Drilling targets high-conductivity anomalies located down-dip of the existing LKE Resource. Evidence · text > test a series of high-conductivity electromagnetic \(EM\) anomalies located down-dip of the Company's LKE Resource **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The target is located near the past producing Lockerby Mine and existing LKE Resource. Evidence · text > proximity of the target to the past producing Lockerby Mine **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release includes a Qualified Person \(P.Geo\) sign-off. Evidence · text > approved by Mr. Grant Mourre, P.Geo. \(PGO\), CEO and President of SPC Nickel Corp. and a Qualified Person ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15#fact-drill-facts-0) Lockerby East · nickel Needs review: drill\_no\_hole\_id #### Identity - Project: Lockerby East - Commodity: nickel - Region: canada\_on - Reported Region: canada\_on - Ticker: SPC #### Classification - Program: exploration - Sample Type: drill #### QA/QC - QA/QC Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-10-23T00:00:00.000Z Reasoning: Program has commenced but no assay results are yet reported. - Positive factor: New drilling program targeting high-conductivity anomalies Evidence · text > commences drilling on high-conductivity EM targets at Lockerby East #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15#fact-resource-facts-1) Lockerby East · nickel #### Identity - Project: Lockerby East - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2023-12-04T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:996f91fc385fe96217e3 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 665000 - Grade: 1.17 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-12-04 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-23T00:00:00.000Z Reasoning: Part of the existing LKE Resource reported in the current release. Evidence · text > Indicated Resources of 665,000 t @ 1.17% Ni #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15#fact-resource-facts-2) Lockerby East · copper #### Identity - Project: Lockerby East - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2023-12-04T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:996f91fc385fe96217e3 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 665000 - Grade: 0.28 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-12-04 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-23T00:00:00.000Z Reasoning: Part of the existing LKE Resource reported in the current release. Evidence · text > 665,000 t @ 1.17% Ni, 0.28% Cu #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15#fact-resource-facts-3) Lockerby East · nickel #### Identity - Project: Lockerby East - Commodity: nickel - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2023-12-04T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:845ee98936a7ad75e0b7 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 0.99 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-12-04 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-23T00:00:00.000Z Reasoning: Inferred resource component of the LKE Resource. Evidence · text > Inferred Resource of 124,000 t @ 0.99% Ni #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/spc-nickel-commences-drilling-on-high-conductivity-em-targets-at-lockerby-east-s--c22c413d-8672-4a58-8884-e09d74dd8d15#fact-resource-facts-4) Lockerby East · copper #### Identity - Project: Lockerby East - Commodity: copper - Region: canada\_on - Reported Region: Sudbury, Ontario - Ticker: SPC #### Resource scope - Estimate type: resource - Effective date: 2023-12-04T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:845ee98936a7ad75e0b7 - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 124000 - Grade: 0.42 - Grade Unit: % #### Prior Estimate - Resource Date: 2023-12-04 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-10-23T00:00:00.000Z Reasoning: Inferred resource component of the LKE Resource. Evidence · text > 124,000 t @ 0.99% Ni, and 0.42% Cu #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.