Thursday, 12 March 2009

High Tech Survey Identifies New Anomaly On Pure Nickel Property

Pure Nickel (TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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With so many exploration projects in its vast portfolio, Pure Nickel has multiple opportunities to hit a home run.


Today the company released news on a new high tech airborne survey conducted on its Fond du Lac property in northern Saskatchewan. Fond du Lac was the original property that Pure Nickel was created around. The company conducted drill programs in 2006 and 2007.

Fond du Lac is 100% owned by the company and is a priority for exploration as it has a historic resource. This resource is not been brought up to date for today's compliance standards but it is estimated to have over 3 million tons of ore with grades of 0.66% nickel and 0.60% copper.

Geotech Ltd. was the company that in 2005 carried out an electronic ground survey to identify target zones. It recently completed a test of its new patented airborne technology, which overlayed previous work on the property. The new technology labeled ZTEM allows the company to penetrate the ground to depths of up to 2000 metres.

This technology has confirmed past known mineralization on the property giving these targets further definition and has also identified a new anomaly for follow-up exploration. It also identified longer extensions of mineralized areas than previously known. Additional work on Fond du Lac will kick off after NIC completes a summer work program at its number one property at MAN Alaska.

See full news release here.