Tuesday, 22 December 2009

Technology Points The Way For Pure Nickel in Alaska


Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5

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

Exploration drilling started in early June and was completed in late September by Cyr Drilling. The company completed seven holes totaling 4,200 metres (13,780 feet). One hole in particular, hole 25, was drilled to 1,066 metres (3,500 feet) with a deeper zone targeted as a large mineralized source was indicated below.

A low-frequency borehole electromagnetic survey that was placed at the bottom of the drill hole pointed to a large anomaly below the hole's final depth. The drill that was onsite was not capable of going deeper. Based on the strong signals that were recorded, this hole is a priority in 2010. A new drill will pick up the work in the new year to reach the anomaly, which is estimated to be several hundred metres below the bottom of the existing hole.
Please click on image to enlarge


Shareholders can appreciate that Pure Nickel has used the world’s best available technology along with its strong team of scientists to help identify and prioritize exploration targets for the coming season.

This year's results add key pieces to management’s hypothesis that MAN, Alaska is the source of the pipeline of nickel, copper and platinum group elements that feeds the west-coast and Wrangelia terrain.

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