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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a poor 67-95-148 as the TSX Venture Exchange lost nine points to 584. Grant Mourre's SPC Nickel Corp. (SPC) nevertheless rose one cent to seven cents on 69,000 shares.

SPC 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.

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