Monday, 20 August 2012

Drills Are Turning At Second Highly Prospective Pure Nickel Alaskan Property

Salt  Chuck (click to Enlarge)
Pure Nickel
(TSX:NIC)(OTCBB:PNCKF)
Basic Shares:67.8 million
Fully Diluted:75.5 million
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Pure Nickel has started drilling its 100% owned Salt Chuck property on Prince of Wales Island on the Alaska Panhandle.
 
Two thousand metres of drilling is planned over five to eight holes and should be completed by mid September.  The goal is to determine the source of geochemical and geophysical anomalies that had been previously identified on the property, which was once the largest producer of palladium in the United States.

The Salt Chuck mine was in production from 1916 to 1941 and was rich in not only palladium but copper, gold and silver.