Tuesday, 8 February 2011

Article Helps Define Pure Nickel's Platinum Discovery

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


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Last year in its quest to find nickel at its MAN property in Alaska, NIC's and partner ITOCHU's drill bit encountered something that now requires a closer look - Platinum and Palladium.

Recently, North of 60 Mining News interviewed Pure Nickel’s President and CEO Dave McPherson about the exciting discovery at MAN.

The article discusses the platinum group element (or PGE) reef that was discovered and that the current strike length of the reef is known to be 2.7 kilometres or 1.7 miles long, still open and which could be extended considerably. It also mentions that there are currently two PGE horizons and possibly a third on the property, but more drilling this year will help define what it has found. The PGE reef has striking similarities to one found at the Bushveld Complex in South Africa.
There was also mention that although the company was particularly excited about the property's emerging PGE potential, the drills continued to cut significant intersections of low-grade nickel mineralization as well.
On the northern portion of the property there is also potential for gold, according Mr. McPherson, who would like to see a mapping and sampling program in that region carried out in 2011.