Thursday, 15 November 2007

Leveraging Exploration Dollars Key To Maximize Shareholder Value

Pure Nickel (TSX: NIC) (OTCBB: PNCKF)

Pure Nickel has entered into a 50/50 joint venture with a partner familair to the area, Crowflight Minerals Inc.. Both companies will spend $3 M each over the next three years on a claim next to the past producing nickel mine of Manibridge in the Thompson Nickel Belt in Manitoba.
This joint venture is an important way to leverage exploration dollars and both companies feel there is enormous potential in this area. The plan is to not only explore the historical drilling targets from the 60's and 70's but to also explore surrounding areas around the mine. They know that there is strong mineralization on the Manibridge property as there is a long history there.

Crowflight has been exploring in this area as well and will soon have an operating mill nearby. The partnership will benefit both companies as well as speed up the process of exploration on this property which benefits the NIC shareholders.

Click here to read the full news release.