Monday, 12 July 2010

Pure Nickel Releases Video Update On MAN, Alaska

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


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Today, Pure Nickel Inc. launched a video on its major exploration project in MAN, Alaska.

MAN Alaska

Two drills are currently operating with the 2010 summer drilling program expected to complete approximately 8,000 metres. Additional geophysical surveys are being conducted simultaneously and are being used to further define target selection.

The property is currently under a joint venture agreement with ITOCHU Corporation of Tokyo. On March 25, 2010 ITOCHU exercised its right to vest a 30% interest in the property in consideration for having funded US $6.5 million on exploration over the past two years, committing to a US $7.5 million budget for 2010, and paying a US $500,000 vesting fee.

To view the video click here