Thursday, 10 April 2008

William Lake Proves Again To Be A Prolific Nickel Bearing Property For Pure Nickel


Basic Shares: 67.8 million

Fully Diluted: 92.4


Pure Nickel announced the initial assay results from the winter drilling program on William Lake today.

A 7525 meter, 15-hole-drill program was completed on April 8th and the results of the first seven of 15 holes were announced today.

See full news release.......

Last fall a 43-101 technical report on the property's history was released summarizing past drilling in this area.

This gave the company five high priority zones to drill this winter.

An airborne geophysical survey confirmed these targets between the large 250-meter spacing from the past drilling that was completed.

Seven holes were drilled and significant mineralization was discovered. At one spot and over a one-meter area, 3.43% nickel was found. Other intersections yielded one per cent or higher, viewed up to a band of 5.65-metres.

Additional results from eight holes are still at the lab and the company is anxious for their return as two holes have intersected more than 20 meters of massive mineral finds (sulphides.)

This find is in an area that had historically reported high grades of nickel.