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Pure Nickel Inc. - More High Grade
Copper Mineralization at Tower
4.6%
Copper, 1.2g/t Gold, 1.2% Zinc, 22.0g/t Silver across 2.9m (Hole 12) and
4.0% Copper, 0.3g/t Gold, 0.8% Zinc, 15.3g/t Silver across 3.3m (Hole 13)
TORONTO, Ontario. Pure Nickel Inc. (NIC: TSX) (PNCKF: OTCBB)
today reported that its option partner on the Tower Property, Rockcliff Resources Inc. (RCR: TSXV) continues to
intersect high grade VMS (copper-gold-zinc-silver) mineralization at the
Tower Property located in central Manitoba.
Highlights from TP11-11 to TP11-13 are tabulated below.
- 3.4% copper, 0.3g/t gold,
0.5% zinc, 14.2g/t silver across 2.1m including
4.7% copper, 0.3g/t gold, 0.7% zinc, 19.7g/t silver across 1.5m (Hole
11);
- 4.6% copper, 1.2g/t gold,
1.2% zinc, 22.0g/t silver across 2.9m including
7.5% copper, 2.1g/t gold, 1.9% zinc, 35.9g/t silver across 1.6m (Hole
12);
- 4.0% copper, 0.3g/t gold,
0.8% zinc, 15.3g/t silver across 3.3m including
5.2% copper, 0.4g/t gold, 1.1% zinc, 20.1g/t silver across 2.5m (Hole
13)
A total of 24 holes are planned to
be completed before winter breakup and will test the zone across a strike
length of 600m and to a vertical depth of 300m. The Tower Zone remains open
in all directions.
Additional drill core samples have been sent to the lab and will be reported
on when available.
Significant assay results and their corresponding breakdown from drill holes
TP11-11 to TP11-13 are tabulated below along with drill hole
information. The lengths reported are drill intersected core lengths and do
not represent true widths.
|
Borehole
|
From
(m)
|
To
(m)
|
Length
(m)
|
Copper
%
|
Gold
g/t
|
Zinc
%
|
Silver
g/t
|
Grid N/E/Azimuth/Dip
|
|
TP11-11
|
194.4
|
195.9
|
1.5
|
1.3
|
0.2
|
0.3
|
4.7
|
4N/180E/280/58
|
|
and
|
198.6
|
200.7
|
2.1
|
3.4
|
0.3
|
0.5
|
14.2
|
|
|
includes
|
199.2
|
200.7
|
1.5
|
4.7
|
0.3
|
0.7
|
19.7
|
|
|
|
|
|
|
|
|
|
|
|
TP11-12
|
296.6
|
299.5
|
2.9
|
4.6
|
1.2
|
1.2
|
22.0
|
4N/180E/280/72
|
|
includes
|
296.6
|
298.2
|
1.6
|
7.5
|
2.1
|
1.9
|
35.9
|
|
|
|
|
|
|
|
|
|
|
|
TP11-13
|
212.0
|
215.3
|
3.3
|
4.0
|
0.3
|
0.8
|
15.3
|
2N/153E/280/45
|
|
includes
|
212.0
|
214.5
|
2.5
|
5.2
|
0.4
|
1.1
|
20.1
|
|
To earn a 70% interest in the property, Rockcliff
must pay $150,000 in incremental payments to Pure Nickel Inc. over four years
and will be required to incur aggregate exploration expenditures totalling $4,000,000 over four years; $2,000,000 over two
years to earn a 50% working interest and a further $2,000,000 to earn a
further 20% working interest. For additional information please refer to the
February 21, 2008 news release.
Ken Lapierre, P.Geo., President & CEO of Rockcliff
Resources Inc. and Mark Smethurst, VP Exploration
of Rockcliff Resources Inc., are Qualified Persons
under the definition of National Instrument 43-101. Mr. Lapierre
has reviewed and is responsible for all information in this press release.
Mr. Smethurst is responsible for verification and
quality assurance of Rockcliff's exploration data
and analytical results. Samples of half core are packaged and shipped
directly from Rockcliff's field office to TSL
Laboratories (TSL), Saskatoon, Saskatchewan. TSL is a Canadian assay
laboratory and is accredited under ISO/IEC 17025. Each bagged core sample is
dried, crushed to 70% passing 10 mesh and a 250g
pulp is pulverized to 95% passing 150 mesh for assaying. A 0.5g cut is taken
from each pulp for base metal analyses and leached in a multi acid (total)
digestion and then analyzed for copper, lead, zinc and silver by atomic
absorption. Gold concentrations are determined by fire assay using a 30g
charge followed by an atomic absorption finish. Samples greater than upper
detection limit (3000 ppb) are reanalyzed using fire assay gravimetric using
a 1 AT charge. Rockcliff inserted certified blanks
and standards in the sample stream to ensure lab integrity.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of
mineral exploration projects in North America.
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, 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.
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