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37.147.227 von hbg55 am 11.05.09
19:13:35
jüngste news hat wert aus dem winterschlaf
gerissen......
(TSX: NIC) (OTC BB: PNCKF)
TORONTO, May 6 /CNW/
- Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) is pleased to release
details of its exploration plans for the MAN, Alaska project.
Pure Nickel and its project partner, ITOCHU
Corporation of Tokyo met in Vancouver on April 20 and 21 and
finalized a US$ 4.4 million exploration budget for the MAN project
in Alaska. An additional out of plan expenditure of approximately
$500,000 has also been agreed upon for a new airborne survey. Camp
mobilization and preparation will begin in mid
May.
The majority of the budget will be allocated to and in support of a
5700 metre drill program. Initial drill targets have been selected
on Alpha complex with further targets identified elsewhere on the
project pending initial drilling results. At time of writing, hole
depths are anticipated to range from 200 to 1000 metres and
drilling is anticipated to commence the first week of June.
An intense amount of work has gone into the selection of this
year's targets. Significant effort has been expended on soil
chemistry, geophysical data and geological structure analysis. New
perspectives on key drill targets have resulted from this
unparalleled level of preparation. To further aid the drilling
process, Pure Nickel has contracted with Geotech Ltd. to complete
an airborne ZTEM survey over much of the MAN mineral claims. This
geophysical survey will cover approximately 2722 line kms and will
commence the last week of May.
The ZTEM or Z-Axis Tipper Electromagnetic system is an innovative
airborne EM system which uses the natural or passive fields of the
Earth as the source of transmitted energy. Key features of the
technology include:
- Superior Exploration Depth - Over 1500 metres in the Athabasca
Basin.
- Low Frequency for penetration through conductive cover.
- High Spatial Resolution - 8 to 10 metres.
- Excellent resistivity discrimination and detection of weak
anomalies
due to the nature of the natural EM fields.
- Measures the in-phase component - critical for the exploration
of
nickel sulphides. "Super" conductors are no longer
undetectable.
New technological tools will be deployed to the MAN Alaska property
as part of this year's program. Pure Nickel will utilize a Niton
XRF Analyzer in field operations. This sophisticated tool will
enable real time analysis of metal contents in rock and in drill
core, further aiding on the spot drill hole decisions and refined
drill targeting.
Other portions of the exploration program will include a walk
magnetic survey, a ground electromagnetic (EM) survey along with
extensive prospecting and mapping programs.
The program will run into the latter portion of September, weather
permitting.
Larry Hulbert, P.Geol. is Pure Nickel's Chief Consulting Geologist
and is the designated Qualified Person (Q.P.) for the MAN Project.
Phillip Mudry, P.Geol. is the Chief Exploration Consultant for Pure
Nickel Inc. and is supervising drill hole planning, implementation
and quality control/quality assurance programs at the MAN project
for 2009.
About Pure Nickel Inc.:
Pure Nickel is a mineral exploration company with a diverse
collection of advanced multiple nickel sulphide and PGE projects in
Canada and Alaska. The Company's 2009 exploration program is fully
funded.
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization
and resources, exploration results, and expectations, plans, and
objectives of Pure Nickel are forward looking statements that
involve various risks. The following are important factors that
could cause Pure Nickel's actual results to differ materially from
those expressed or implied by such forward looking statements:
changes in the world wide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks
associated with development, construction and mining operations,
the uncertainty of future exploration activities and cash flows and
the uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events may differ materially from
those anticipated in such statements. Pure Nickel undertakes no
obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy
or
accuracy of this release.
TSX Trading Symbol: NIC (TSX), PNCKF (OTC BB)
Total shares outstanding: 67.766 million
Fully diluted: 75.526 million
52-week trading range: $0.025 - $0.34
For further information
The Howard Group, Jeff Walker, Toll Free: 1-888-221-0915, Email:
info@howardgroupinc.com, www.howardgroupinc.com
Pure Nickel Inc., David McPherson, President & CEO, T. (416)
644-0066, Email: info@purenickel.com, www.purenickel.com
