Tuesday, 20 November 2007

Pure Nickel Identifies Targets Of Significant Nickel Mineralization

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

Pure Nickel's key 100% owned Manitoba property at William Lake is now deemed "a high priority" based on a 43-101 technical report by Scott Wilson of Roscoe Postle Associates.

NIC acquired the property from Xstrata in July this year because it sits in a known world class nickel area called the Thompson Nickel Belt. Pure Nickel is the largest land holder.

The report outlines the previous drilling program completed over a 13 year period by its predecessors Xstrata and Falconbridge. Data was compiled on a total of 136,542 metres drilled in 260 holes over an area of 15 kilometers.

Multiple drill holes intersected significant nickel mineralization with percentages as high as 6.16% nickel. A key point was noted in the news release that "in a majority of cases, the wide spacing of the drill holes reached or exceeded 200 metres in distance and left many untested conductors."

Pure Nickel's task is to now start connecting the dots with the drill bit. As such, a phase one 2600 meter in-fill drilling program has started near the best mineralized intersections.

Phase two drilling should take place in Q1/08 as results from phase one help the company to vector in around the larger grades and high priority targets. A 22 thousand metre drill program along with airborne and ground geophysics has been recommended by the RPA report.

Pure Nickel is fully funded to explore the property in depth. Management believes that William Lake has great potential for commercial discovery.

Click here to read the news release.

Also, the company yesterday released news as it completed a 9 hole, 3,359 meter phase one drilling program on the MAN Alaska project. Pure Nickel owns 100% of this property. It focused its efforts on a 34 km long Alpha Intrusive Complex.

Results from the 6 areas drilled over a 19.8 km strike zone show that each have disseminated sulphides present. Much more drilling will need to be completed but the company is encouraged by the overall extent and thickness of the mineralization. Phase one helped define future drill targets along with past soil geochemistry completed over 2007.

Phase two is scheduled for 2008.

Click here to read the news release.