Thursday, 25 October 2012

Value To Be Quantified On One Pure Nickel Property

Pure Nickel
Basic Shares:67.8 million
Fully Diluted:75.5 million


With strong drill results and excellent infrastructure in place, it is no wonder that Pure Nickel and its joint venture partner Rock Cliff Resources (TSX-V:RCR) are going forward with a NI 43-101 technical report on the Tower Property located in central Manitoba.

A National Instrument 43-101 report classifies mineral resources and collects information in order to be issued for public disclosure. According to today's news release, the further studies that will be performed include geographical modelling and resource estimation on the high grade T-1 Copper Deposit. To date, 41 holes totalling 17,000 metres have been drilled in which 45% intersected grades over 3% copper.

Rockcliff has decided to continue its option to earn further interest in the promising property and has exercised its right to earn 50% by spending $2 million in exploration and paying $90 thousand to Pure Nickel over the last two years.

The NI 43-101 is expected to be completed at the end of this November.

To view the news release, click here..........