Monday, 2 November 2009

New Technology Gives Pure Nickel An Edge At MAN Alaska

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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With full exploration results from Pure Nickel's Alaskan property, MAN still several weeks away, the company felt it prudent to get new information to the market regarding the summer work program. The news release provided a bit of a teaser and a hint that the company feels it may be onto something sizeable based on what new technology is indicating.

(PLEASE DOUBLE CLICK ON THE IMAGE TO SEE IN FULL DETAIL)

2009 marked Pure Nickel's most active exploration and technical program at MAN with its partner ITOCHU contributing $4.4 million USD to advance the project.

An airborne survey called ZTEM started in late May with 2672 kilometers (1,660 miles) flown. This technology allows the company to look for zones very deep under the surface. Extensive analysis of the data recovered from the air pointed the company towards potential drilling targets at depth.

Exploration drilling started in early June and was completed in late September by Cyr Drilling. The company completed seven holes totalling 4,200 metres (13,780 feet). One hole in particular was drilled to 1,066 metres (3,500 feet) with a deeper zone targeted as a large mineralized source was indicated below. A bigger drill is planned for this zone next year to ensure that the targeted depths can be reached.
The company is utilizing the latest technology currently available to help explore this massive property. At the same time drilling was taking place geophysical work was being completed. A new electromagnetic technology was used for the first time in north American nickel exploration and the company was able to identify targets at depths greater than 800 metres (2,600 feet).

Much was learned this year about MAN with more evidence pointing to the merits of the company's theory that MAN represents a major magmatic or plumbing system of rich mineralization.

See full news release here..................