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Since it crashed after only a few minutes in the Heaven benchmark I think we can conclusively say it's a hardware issue with the graphics card. As for what exact aspect of the card though and if there is anything you can do about it, that's another matter...
Using MSI Afterburner, rather than manually changing the core and memory clocks, try just setting the power limit lower (if this model of card allows that in Afterburner). Set it right down, about 60% or so, see if that makes a difference.
If it does, it might be worth trying a little more DIY repair on the cooling setup. If not, it's probably just dying
I had a look around online to try to find some pics or video showing the card with the cooler removed, is it this one?
https://www.techpowerup.com/review/palit-geforce-gtx-970-jetstream/4.html
If so, in this image:
https://www.techpowerup.com/review/palit-geforce-gtx-970-jetstream/images/cooler3.jpg
There is a heatsink at the left for the VRMs - make sure that makes good contact with them, I guess there would be a thermal pad between the heatsink and the actual VRM chips, which would be the one you replaced.
Also dotted around the GPU (in that photo, 2 above, 2 below, 4 to the right) are the RAM chips - they don't appear to have any cooling other than air blown down through the heatsink. As far as I can tell from those photos, they don't make contact with a heatsink anywhere, so applying thermal paste or pads wouldn't help them.
Using MSI Afterburner, rather than manually changing the core and memory clocks, try just setting the power limit lower (if this model of card allows that in Afterburner). Set it right down, about 60% or so, see if that makes a difference.
If it does, it might be worth trying a little more DIY repair on the cooling setup. If not, it's probably just dying

I had a look around online to try to find some pics or video showing the card with the cooler removed, is it this one?
https://www.techpowerup.com/review/palit-geforce-gtx-970-jetstream/4.html
If so, in this image:
https://www.techpowerup.com/review/palit-geforce-gtx-970-jetstream/images/cooler3.jpg
There is a heatsink at the left for the VRMs - make sure that makes good contact with them, I guess there would be a thermal pad between the heatsink and the actual VRM chips, which would be the one you replaced.
Also dotted around the GPU (in that photo, 2 above, 2 below, 4 to the right) are the RAM chips - they don't appear to have any cooling other than air blown down through the heatsink. As far as I can tell from those photos, they don't make contact with a heatsink anywhere, so applying thermal paste or pads wouldn't help them.