Ausbruch bei NIC.T (A0MNMU) ( Seite 7)

....auch HIER lohnts sich akt. übern tellerrand zu schauen.......grad nach folg. PR jüngst.....



Pure Nickel Reaches Final Settlement with CS Mining on Milford Utah Property

TORONTO, Nov. 17, 2011 /CNW/ - Pure Nickel Inc. (TSX: NIC) along with its wholly-owned subsidiary, Nevada Star Resource Corp. (U.S.), (jointly referred to as "Pure Nickel") is pleased to report that it has signed a final settlement agreement with CS Mining, LLC and Skye Mineral Partners, LLC (jointly referred to as "CS Mining") with respect to litigation regarding the Milford, Utah, mining district.

Terms of the agreement include:

Contractual Cash Payments from CS Mining to Pure Nickel - US$3.5 Million Within 12 Months

* Payment of US$1 million immediately upon signing - funds have been received;
* Payment of US$1 million 180 days after signing; and
* Payment of US$1.5 million 12 months after signing.

Net Smelter Royalty - Capped at US$8.0 Million

* 1% Net Smelter Royalty (NSR) on all properties acquired by CS Mining from Western Utah Copper Corporation and Copper King

Ends Litigation

* Both parties will file documentation dismissing pending litigation, claims and counter claims; and
* Certain non-mining real property assets not included in the original agreements have been transferred to CS Mining.

Pure Nickel's President and CEO David McPherson commented: "We are extremely happy to have reached an agreement with CS Mining; this settlement extracts value from the Milford, Utah, property immediately and provides for participation in the property as production comes on line in the near future".

Clinton Walker and David J. Richards, Directors of CS Mining, jointly stated: "The settlement of the long-standing litigation and recent emergence from bankruptcy will allow CS Mining to focus on its operating plan to restart operations".

About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of mineral exploration projects in North America. With approximately $3.1 million cash on hand and another $2.5 million to be received within 12 months, Pure Nickel is in a strong position to advance its property portfolio.

About CS Mining, LLC
Headquartered in Milford, Utah, CS Mining is located near the mineral rich Anaconda Skarn. CS Mining is in the business of mining and processing copper, gold, and silver through its existing flotation mill and has plans to expand its operations in the near future. (www.csmining.com)






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PRESS RELEASES 12/21/2011 3:48:00 AM | Canada News Wire
Pure Nickel MAN Alaska Exploration Update

(TSX: NIC)

Photo_Asset_1

TORONTO, Dec. 21, 2011 /CNW/ - Pure Nickel Inc. (TSX: NIC) today announced results from its 2011 exploration program at the MAN project, Alaska. The MAN property is currently under a joint venture agreement with ITOCHU Corporation of Japan whereby ITOCHU can earn up to a 75% interest in the property by incurring $40 million of exploration expenditures by 2012. To date, ITOCHU has invested approximately $17 million in exploration expenditures and vested a 30% interest.

The MAN project targets Nickel (Ni) - Copper (Cu) - Platinum Group Element (PGE) mineralization in a series of mafic-utramafic complexes located approximately 300 km southeast of Fairbanks, Alaska. Four such complexes are present on the property, Alpha, Beta, Canwell and Rainy. Sulphide showings on the property have returned extremely high metal concentrations in grab samples, including 2.0% Ni, 1.3% Cu and 7.9 g/t PGE+Au+Ag from the East Rainy showing, 1.39% Ni, 0.48% Cu and 7.0 g/t PGE + Au + Ag from the Bird's Beak, and 6.7% Ni, 1.0% Cu and 1.5 g/t PGE from the Tres Equis showing. Pure Nickel Inc.'s work programs are currently focussed on identification of economic deposits of disseminated to massive Ni-Cu-PGE sulphide mineralization in the mafic-ultramafic complexes.

The 2011 work program completed 2580 metres of drilling in 11 holes a total of 151 line kilometres of detail ground magnetometer surveys, and 6.9 line kilometres of ground EM surveys. A summary of drill assay results from the 2011 drilling program are reported on the Pure Nickel website. The Company is encouraged by the results of the 2011 work program, which has led to new models for mineralization on the property, and identified several key target areas for follow-up work during the 2012 season. Interpretation of results and planning for the 2012 work program is ongoing.

The majority of exploration work completed in 2011 focussed on the Alpha complex in the central part of the property. One of the key objectives of the 2011 program was to evaluate the potential for "reef" style PGE mineralization in the Alpha complex. The possible presence of this type of mineralization was inferred from the occurrence of highly anomalous PGE values in historic drill hole FL009, 2.197 g/t Pt + Pd, completed by Nevada Star in 2003. The mineralization was associated with a distinctive gabbro/pyroxenite sequence interpreted as discrete layers in the complex. During the 2011 program, three holes targeting the potential reef successfully intersected the correct lithological sequence, but assay results did not confirm the presence of economic concentrations of PGE.

Many of the remaining drill holes targeted the basal (northern) contact of the Alpha contact, and tested possible extensions of mineralization at the Tres Equis massive sulphide showing. Due to poor drilling conditions and extensive faulting at the northern contact, the drill holes failed to intersect the contact. Despite these difficulties, encouraging results were obtained in hole PNI-058, which intersected 0.21% Cu and 0.65 % Ni over 0.91 metres.

For the first time Pure Nickel drilled on the Rainy complex in the northern part of the property. Two drill holes totalling 488 metres targeted the potential downdip continuation of the East Rainy showing, which hosts disseminated sulphide mineralization that has returned assays as detailed above from surface sampling. Hole ER-11-02 encountered disseminated sulphides at several depths, with anomalous PGE values of up to 650 ppb over 2.52 metres in drill core.

The Company also completed a mapping program on the Rainy Complex, and identified several gossanous areas at the complex's contact with the sedimentary host rocks. Grab samples from these gossanous contact rocks returned values up to 130ppb Au, 150 ppb Pt and 550ppb Pd. The gossanous zones are interpreted to reflect deposition of sulphides at the basal contact of the Rainy complex and, thus this stratigraphic interval is thought to offer significant potential for economic mineralization.

Dr. Larry Hulbert, D.Sc., P.Geo. is the designated Qualified Person for this project.

PRESS RELEASES 2/1/2012 3:00:00 AM | Canada News Wire
Pure Nickel Reports Operating Highlights and Fiscal Year-End Results for the Year Ended November 30, 2011

TORONTO, Feb. 1, 2012 /CNW/ - Pure Nickel Inc. (TSX: NIC) (the "Company") today released its operating highlights and its financial results for the year ended November 30, 2011. (All dollar amounts herein are in Canadian funds unless otherwise indicated.)

2011 Operating Highlights

The Company's working capital at year end was strong at $5.5 million.
The Company announced it had reached a final settlement on its Milford Utah copper properties; terms of the agreement included a cash payment of US$3.5 million over 12 months, US$1.0 million already received. In addition the Company was granted a 1% NSR (capped at US$8.0 million).
The Company announced that its partner on the MAN Alaska property confirmed its continued participation in the joint venture agreement and committed to fund the 2011 exploration program.
The MAN Alaska 2011 exploration program completed 2,580 metres of drilling in 11 holes and 151 line kilometres of detailed ground magnetometer surveys.
Pure Nickel's option partner on the Tower Property continued a second phase of drilling, completing 18 holes with many intersections of high grade copper-gold mineralization.

Milford Utah Copper Properties
The Company reported that it had signed a final settlement agreement with Skye Mineral Partners and CS Mining LLC ("Skye") with respect to its Milford Utah properties. Terms of the agreement consist of a series of payments from Skye to Pure Nickel including:

Payment of US$1.0 million immediately upon signing - Funds have been received.
Payment of US$1.0 million 180 days after signing.
Payment of US$1.5 million 12 months after signing.

In addition, Skye has granted to Pure Nickel a 1% Net Smelter Royalty (NSR) on all properties acquired by Skye and its partners. The NSR is subject to a royalty cap of US$8.0 million. As part of the agreement, both parties have filed documentation dismissing pending litigation, claims and counter claims against each other.

MAN Alaska

The MAN Alaska property was one of the main exploration focuses in 2011. In early 2011, our project partner Itochu Corporation formalized the funding of our exploration program at the MAN Alaska property. During the year, US$4.1 million ($4.2 million) was expended on the program. Itochu has earned a 30% interest in the property and to date has funded approximately US$17 million ($18 million) of exploration costs since 2008. Itochu may earn up to a 75% interest by incurring US$40 million ($41 million) of exploration expenditures on the MAN property by 2013. A total of 2,580 metres in 11 holes was completed along with 151 line kilometres of detailed ground magnetometer surveys and 6.9 kilometres of ground EM surveys. Work completed in 2011 has been very valuable in developing new models for mineralization on the property, several key target areas have been identified for follow-up work. Interpretation of results and planning for the 2012 work program is ongoing. The Company expects notification from Itochu about its 2012 commitment by early March. Jon Findlay, Ph.D, P.Geo. is the designated Qualified Person for this project.

Salt Chuck Alaska

The permitting process for the Salt Chuck property has been initiated and plans for a 2012 exploration program are being readied. The property is located on Prince of Wales Island on the Alaskan Panhandle. The property consists of 146 contiguous federal lode mining claims. The Salt Chuck mine produced approximately 300,000 metric tonnes of ore, reported by US government summaries (1948) to be 0.95 % copper, 1.96 g/t palladium, 1.12 g/t gold and 5.29 g/t silver. The mine was the largest producer of palladium in the USA during its era of production. Jon Findlay, Ph.D. P.Geo. is the designated Qualified Person for this project.

Tower Extension, Manitoba

The Tower property is contiguous with Pure Nickel's William Lake claims in the Thompson Nickel Belt, and is currently under option to Rockcliff Resources Inc. Rockcliff Resources continued its drilling program in 2011 (6 holes were completed in Q4 2010) with the completion of 18 holes which encountered numerous high grade copper gold mineralized intersections. In addition to the drilling, a DPEM geophysical survey has identified potential extensions to the mineralization and a new massive sulphide anomaly adjacent to it. Drilling in 2012 has recently commenced and a minimum of 5,000 metres of drilling is scheduled. Rockcliff Resources has an option to earn up to 70% interest in the property. Ken Lapierre, P.Geo. is the designated Qualified Person for this property.

Property Divestiture

On a semi annual basis the Company continues to evaluate the properties in its portfolio. An analysis is performed taking into account the claim maintenance costs and property potential for exploration success and decisions regarding divestiture are made. In 2011 Pure Nickel, along with its partner Manicouagan Minerals, relinquished the Forgues, Quebec claims. The Company also dissolved its joint venture with Crowflight Minerals on the Manibridge, Manitoba property and the joint venture claims have reverted back to the original owners.

2012 Pure Nickel Business Objectives

In 2012, Pure Nickel will continue to seek joint venture partners to develop its properties as well as identify and acquire additional properties. The Company is committed to advance projects that have significant potential and to continue to exploit the nickel and PGE potential at the MAN Alaska property, including previously unexplored areas.

Results for the Year Ended November 30, 2011

Pure Nickel reported that at November 30, 2011, it had cash and short-term investments on hand of $3.0 million. The Company reported that its net loss was in line with expectations: $1.3 million ($0.02 per share) for the year ended November 30, 2011, compared to a net loss of $2.3 million ($0.03 per share) for the prior year. Total cash flows used in operating activities were $3.9 million in 2011, compared to $1.1 million in the prior year. For the three months ended November 30, 2011, the net loss was $0.2 million ($0.003 per share), compared to $0.8 million ($0.01 per share) in the same quarter in the prior year. For further information please refer to Pure Nickel's consolidated financial statements and the accompanying management's discussion and analysis on the Company's website at www.purenickel.com, and on SEDAR at www.sedar.com.

PRESS RELEASES 4/24/2012 1:48:00 PM | Canada News Wire
Pure Nickel Reports Operating Highlights and Results for the Quarter Ended February 29, 2012

TORONTO, April 24, 2012 /CNW/ - Pure Nickel Inc. (TSX: NIC) (the "Company") today released its operating highlights and its financial results for the three months ended February 29, 2012. (All dollar amounts herein are in Canadian funds unless otherwise indicated).

First quarter operating highlights

Strong Working Capital

Pure Nickel ended the quarter with a strong financial position: working capital of $4.9 million, including $2.3 million in cash and short-term investments, and $2.5 million of amounts receivable. Using that working capital, as well as US$4.8 million of further funding for the MAN Alaska property (discussed in the next paragraph), the Company will continue to actively advance its property portfolio.

MAN Alaska

Pure Nickel's partner on the MAN Alaska property, Itochu Corporation, confirmed its continued participation in the project with a commitment to fund exploration expenditures totalling US$4.8 million. Exploration is scheduled to start in late May with mapping, soil geochemical and ground geophysical (induced polarization) surveys. Exploration drilling is expected to commence by mid-June, and a total of 2,600 meters will be completed by the end of the program. This will mark the fifth year that Itochu has funded exploration: to date they have spent US$17 million and earned a 30% interest in the MAN property. The joint venture agreement allows Itochu to earn up to 75% interest by incurring US$40 million of exploration expenditures. Jon Findlay, Ph.D., P.Geo. is the designated Qualified Person for this project.

Salt Chuck Alaska

A 2200 meter drilling program designed to test coincident geochemical and geophysical anomalies on the Salt Chuck property is planned for summer/fall 2012. Permitting has been initiated, and review of the plan of operations is expected to be completed by May 15th. The start date of the drill program will depend on final permit approval. The property is located on Prince of Wales Island of the Alaskan Panhandle, and consists of 146 contiguous federal lode mining claims. The Salt Chuck mine produced approximately 300,000 metric tonnes of ore, with a reported average grade of grade 0.95 % copper, 1.96 g/t palladium, 1.12 g/t gold and 5.29 g/t silver (US government summaries,1948). The mine was the largest producer of palladium in the USA during its era of production. Jon Findlay, Ph.D. P.Geo. is the designated Qualified Person for this project.

Tower Extension, Manitoba

The Tower property is contiguous with Pure Nickel's William Lake claims in the Thompson Nickel Belt, and is currently under option to Rockcliff Resources Inc. During March, Rockcliff exercised its option to earn a 50% interest in the property having completed the expenditures of $2 million over two years and the minimum drilling commitment of 2,000 meters required by the option agreement. Rockcliff has indicated that they are planning to continue exploration to earn an additional 20% interest in the property over the next two years. A drill is currently turning at the property to test the T-3 anomaly that was discovered by a geophysical Time Domain Electromagnetic Survey. Since the start of the current program, Rockcliff has reported that the first hole was lost before it reached the target. The second hole intersected a narrow lens of massive sulphides (pyrrhotite rich) which failed to explain the source of the T-3 anomaly. A borehole geophysical survey identified a strong conductor below and to the north of the hole, which is interpreted to be the location of the T-3 anomaly. Hole three is presently testing this target to determine its significance. Core samples from hole two are being assayed and will be reported when results are received from the assay lab. Ken Lapierre, P.Geo. is the designated Qualified Person for this property.

William Lake

The William Lake property is located in the Thompson Nickel Belt, one of the most prolific nickel camps in the world. William Lake was previously owned and explored by Falconbridge (now Xstrata Nickel), who completed approximately 200 drill holes testing nickel mineralization on the property. Relatively few Platinum Group Element (PGE) assays were completed on the core by Falconbridge, however, and the Company plans to initiate a core re-sampling program in early summer to better quantify PGE content of the mineralization. Jon Findlay, Ph.D, P.Geo. is the designated Qualified Person for this project.

Property Divestiture

During the quarter, Pure Nickel relinquished certain claims that form part of the Rainbow property in Nunavut and consequently $0.1 million of mineral properties were written off during the quarter.

Corporate Update

On March 29, 2012 the Company held its annual general meeting of the shareholders. The following directors were re-elected to hold office until the next annual meeting: Mr. R. David Russell (Chair), Mr. Harry Blum, Mr. David McPherson, Mr. Constantine Salamis and Mr. Steve Vaughan. On April 24, the Board of Directors granted an aggregate of 1,605,000 stock options to certain management, directors, and employees. The options have an exercise price of $0.095, a term of three years and are subject to the terms and conditions of the Company's Stock Option Plan. Of these options 1,102,500 vest immediately and the remaining vest equally on the first and second anniversary date.

Results for the three months ended February 29, 2012

Pure Nickel reported that its net loss was in line with expectations: $481,230 ($0.01 per share) for the three months ended February 29, 2012, compared to a net loss of $360,701 ($0.01 per share) for three months ended February 28, 2011. For further information refer to Pure Nickel's unaudited condensed interim financial statements and the accompanying management discussion and analysis on the company's website at www.purenickel.com, and on SEDAR at www.sedar.com.