Wednesday, 6 February 2008

Pure Nickel Ramps Up Drilling At William Lake

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

Pure Nickel this morning released a corporate update discussing current exploration on its highest priority properties.

Click here to read the press release.

At the top of the list is William Lake. To date, 5 holes have been completed (1876 meters) of a 3500 meter drill program that was started in November.

A technical report (43-101) was issued in November 2007 on this property highlighting results from 260 previous drill holes completed by Xstrata before Pure Nickel purchased the property in 2007. These holes were spaced on average over 200 meters apart but intersected economic grade mineralization. The company is now completing step out drilling to test the continuity of this mineralization by drilling between the previous holes.

A second drill rig has been added and should start turning mid month to advance and expedite the exploration at William Lake.

Just North of William Lake is the Thompson Project also referred to as the William Lake extension. After extensive surveying using high tech airborne electromagnetic equipment, targets have been identified and drilling is scheduled to start mid March, based out of the existing camp at William Lake.

Keep in mind that William Lake and William Lake Extension sit in the Thompson Nickel Belt which has been proven to be one of the largest nickel belts in the world.

On another note, driling should soon kick off at Pure Nickel's Salt Chuck property in Alaska. The delay caused by permitting has been resolved with final approval expected by the end of February.

A new CFO has been appointed and Jeffrey Sherman replaces Jay Richardson in the position. Jeffrey is a CA and MBA with extensive experience and also an accomplished speaker and author.

In closing, Pure Nickel has just returned from Roundup 2008 in Vancouver. This is the world's largest technical mineral exploration conference. According to Pure Nickel Management, it had one of the highest traffic booths at the show.