Pure Nickel Launches 2009 MAN Exploration Program
May 06 2009 - 8:00AM
PR Newswire (US)
(TSX: NIC) (OTC BB: PNCKF) TORONTO, May 6 /PRNewswire-FirstCall/ --
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 DATASOURCE: Pure Nickel Inc. CONTACT: The Howard
Group, Jeff Walker, Toll Free: 1-888-221-0915, Email: ,
http://www.howardgroupinc.com/; Pure Nickel Inc., David McPherson,
President & CEO, T. (416) 644-0066, Email: ,
http://www.purenickel.com/
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