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Pure Nickel: NI 43-101 Report on Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba
Press Release: Pure Nickel Inc. – Thu, Jan 24, 2013 10:05 AM EST
Pure Nickel Inc. (TSX:NIC) reports that its partner on the Tower Property announced the filing of a NI 43-101 technical report on an indicated and inferred resource estimate for the T-1 copper deposit at the Tower Property, Manitoba. Rockcliff Resources Inc. issued a press release on January 22, 2013 stating that a report entitled "Independent Technical Report, Tower Property, Grand Rapids, Manitoba" dated January 20, 2013 was available for viewing on www.sedar.com. For the convenience of our shareholders the report is also available for viewing on http://www.purenickel.com/s/Tower-Property-Manitoba.asp.
Rockcliff Resources Inc. today announced that line cutting and a DPEM (deep penetrating electromagnetic) geophysical survey had commenced on the Tower property and that a drilling program will follow.
Pure Nickel granted Rockcliff Resources Inc. the option to earn a 70% interest in the property by paying $150,000 in incremental payments and incurring aggregate exploration expenditures totalling $4,000,000 over four years. Rockcliff has recently exercised the option to earn its 50% interest by spending $2,000,000 on exploration expenditures and paying $90,000 to Pure Nickel Inc. over the last two years. Both parties will now form a joint venture and Rockcliff will earn an additional 20% in the property by spending an additional $2,000,000 (in progress) in exploration expenditures and paying a total of $60,000 over the next 2 years. Once completed, Rockcliff will control a 70% interest in the property. An underlying 2% NSR on the property is held by Xstrata Nickel, of which half can be purchased for $1,000,000.
About Pure Nickel Inc.
Pure Nickel is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in North America. In 2012 the Company was active at its flagship MAN property in Alaska, which is fully funded under an option agreement with Itochu Corporation of Tokyo, Japan. The Company also completed a drill program at its Salt Chuck property in the Alaskan panhandle, where a new gold discovery was recently announced on December 11, 2012.
Forward-Looking Statements
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.
CONTACT: For further information:
CHF Investor Relations
Cathy Hume
T. (416) 868-1079 x 231
Email: cathy@chfir.com
Website: www.chfir.com
The Howard Group Investor Relations
Jeff Walker
T. (888) 221-0915
Email: info@howardgroupinc.com
Website: www.howardgroupinc.com
Pure Nickel Inc.
David McPherson
President and CEO
T. (416) 644-0066
Email: info@purenickel.com
Website: www.purenickel.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwMTkyMTQjMjMwMTQ=
Pure Nickel Inc. - Results for MAN Alaska Exploration Program
Press Release: Pure Nickel Inc. – Wed, Jan 23, 2013 5:06 PM EST.
http://finance.yahoo.com/news/pure-nickel-inc-results-man-220600971.html
TORONTO, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (NIC.TO) announces results from its 2012 exploration program at the MAN project, Alaska. This was the fifth season that Pure Nickel's joint venture partner, Itochu Corporation, has funded exploration. With this year's work program of US$4.2 million, Itochu has expended approximately US$21 million on exploration of the property, and currently holds a 30% ownership interest. The joint venture agreement allows Itochu to earn up to a 75% interest by incurring US$40 million of exploration expenditures.
The work program included soil geochemical surveys (3,010 samples collected), detailed mapping, 48 line kilometers of IP (induced polarization) geophysical surveys and 2,233 meters of diamond core drilling. The program was designed to identify areas of potential magmatic Ni-Cu-PGE sulphide mineralization at surface or at shallow depths. Drilling was used to test soil geochemical and/or IP anomalies for the presence of sulphides in bedrock.
The work identified several new sulphide occurrences on the Alpha complex, with a number of soil geochemical and IP anomalies still to be tested. Of the eight drill holes completed, seven targeted soil or IP anomalies, and one hole was drilled to investigate magmatic stratigraphy. Minor amounts of magmatic sulphide mineralization were encountered in most of the drill holes, but assay results from these intervals were generally not significant. In hole PNI-12-063, however, highly anomalous Ni-Cu-PGE mineralization was intersected across a significant interval. The hole targeted partially coincident IP and soil geochemical anomalies in the southern part of the Alpha complex, and returned an intersection of 80.95 meters apparent width grading 35 ppb Au, 106 ppb Pt, 174 ppb Pd (315 ppb Au+Pt+Pd), 0.17% Cu and 0.25% Ni from 146.55 meters to 227.5 meters.
A limited gold prospecting program was also completed during the summer to attempt to locate the lode source of the many placer gold occurrences in the area. Results were encouraging, with one sample of glacially transported material assaying 14.0 g/t Au and 4.6% Ni. The bedrock source of this sample is unknown, but additional gold prospecting will be undertaken in 2013 in an attempt to trace the source.
The 2012 field season demonstrated the successful application of multifaceted, field based work programs in locating sulphide mineralization at or near surface. Numerous geochemical and geophysical targets remain to be tested in 2013.
Jon Findlay, Ph.D., P.Geo is the designated Qualified Person for this project.
About the MAN Property
The MAN project targets Nickel (Ni) -- Copper (Cu) -- Platinum Group Element (PGE) mineralization in a series of mafic-ultramafic complexes located approximately 260 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 2.4 g/t Au+Pt+Pd from the East Rainy showing, 1.39% Ni, 0.48% Cu and 4.0 g/t Au+Pt+Pd from the Bird's Beak showing, and 6.7% Ni, 1.0% Cu and 1.5 g/t Au+Pt+Pd 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.
About Pure Nickel Inc
Pure Nickel is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in North America. The Company is active on its flagship MAN property, and the Salt Chuck property in the Alaskan panhandle, where a new gold discovery was recently announced on December 11, 2012. In addition, the Company is actively pursuing other, non-nickel properties in North America and overseas.
Forward-Looking Statements
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.
.
.
Contact:.
.
CHF Investor RelationsCathy HumeT. (416) 868-1079 x 231Email: cathy@chfir.comWebsite: www.chfir.comThe Howard Group Investor RelationsJeff WalkerT. (888) 221-0915Email: info@howardgroupinc.comWebsite: www.howardgroupinc.comPure Nickel Inc.David McPhersonPresident and CEOT. (416) 644-0066Email: info@purenickel.comWebsite: www.purenickel.com.
Photo Release -- Pure Nickel Inc. Announces New Gold Discovery in SE Alaska, 29.1 g/t Au Over 2.58 Metres
Press Release: Pure Nickel Inc. – Tue, Dec 11, 2012 9:28 AM EST.
TORONTO, Dec. 11, 2012 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (NIC.TO) is pleased to announce initial assay results for the recently completed drilling program on the Company's 100% owned Salt Chuck Copper (Cu) -- Gold (Au) -- Silver (Ag) -- Palladium (Pd) property on Prince of Wales Island in south-eastern Alaska. The 2012 six-hole drilling program encountered high grade gold mineralization in a previously unidentified gold-bearing structure in the western part of the property, an area known locally as North Pole Hill. High grade intersections include 127.8 g/t Au, 57.6 g/t Ag and 2.78% Cu over 0.35 metres apparent width.
Highlights:
http://finance.yahoo.com/news/photo-release-pure-nickel-inc-142857823.html
Pure Nickel: Initial NI 43-101 Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba
Press Release: Pure Nickel Inc. – Thu, Dec 6, 2012 2:46 PM EST
TORONTO, Dec. 6, 2012 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (NIC.TO) reports an update on the Tower Property located in Manitoba. A press release, outlining the initial NI 43-101 resource estimate, issued by its partner on the property appears below in its entirety.
Rockcliff Reports Initial NI 43-101 Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba
Indicated: 1,084,186 Tonnes at 3.73% Copper, 1.05% Zinc, 17.28g/t Silver, 0.55g/t Gold
Inferred: 1,253,522 Tonnes at 2.0% Copper, 1.02% Zinc, 9,78g/t Silver, 0.27g/t Gold
Deposit Remains Open in all Directions
http://finance.yahoo.com/news/pure-nickel-initial-ni-43-194605259.html
An inflationary environmenet should push nickel prices higher.
Even for the week...
Scoreboard for the week: -6.67%... major pincher in play.
The current downtrend does not know an end...
According to OBV, the registered shareholders are sellers... hmmmm.
Futures Jackel, Pure Nickel's major target on Man is Platinum, Paladium and Gold...not Nickel. Furthermore, they hope to do some work on their Salt Chuck property which contains the Salt Chuck Mine which was America's largest Palladium producer.
Nickel closed at $11.18 a pound. Up .038 according to Kitco base metal web site.
News Releases - Tuesday, June 07, 2011 Title:Pure Nickel Exploration Update TORONTO, Ontario. Pure Nickel Inc. (NIC: TSX, OTCBB: PNCKF) is pleased to provide an update on its exploration activities for the upcoming summer season. Highlights Drilling has commenced at the MAN Alaska project Permitting process for Salt Chuck Alaska property in early stages Rockcliff Resources completes first phase of drilling
Good Day 4 drum solo
MAN Alaska Property During April Pure Nickel announced that its partner on the MAN property, ITOCHU Corporation, had confirmed its continued participation in the 2011 program. Since that time the exploration program and budget have been finalized, all permits are in place, and activity on the site has commenced, the drill started turning on June 5th. The Company is pleased to report that this year's service providers include Cabo Drilling Corp. and Last Frontier Air Ventures Ltd. A one drill program is underway to explore the Alpha Complex focusing on the Platinum Group Element (PGE) horizons that were discovered during the 2010 season. Several targets on the Rainy Complex, in the Northern region of the property have also been identified. The Rainy targets are based on strong geophysical anomalies and geochemistry analysis (rock, stream and sediment analysis). The 2011 budget is approximately US$4.8 million. Larry Hulbert, D.Sc., P.Geo is the designated Qualified Person for this project.Good Day dru Salt Chuck, Alaska Property The
Salt Chuck property is located on Prince of Wales Island in the Alaskan Panhandle. The property consists of 146 contiguous federal lode mining claims (10.85 km2). 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. The permitting process for the property has been initiated and plans for a fall or winter exploration program are being readied. The temperate climate on Prince of Wales Island is conducive for year round drilling. Larry Hulbert, D.Sc., P.Geo is the designated Qualified Person for this project. Tower, Manitoba Property Results from a 24 hole, 7,500 metre drill program by Pure Nickel's option partner Rockcliff Resources have been released. Results to date have been excellent and have consistently returned high grade copper values. Future drilling, subject to Rockcliff Resources scheduling, will target the mineralization along strike and to a vertical depth of 600 metres. Ken Lapierre, P.Geo., and Mark Smethurst, of Rockcliff Resources Inc., are the designated Qualified Persons for this project. Property Divestiture Good Day 4 drum solo
The HPM/Forgues property located in Quebec is jointly owned by Manicouagan Minerals and Pure Nickel. Due to the low potential for discovery the twenty five claims that comprise the Forgues portion of the property will not be renewed. The claims that make up the HPM portion of the property will remain in the joint venture partnership. About Pure Nickel Inc. Pure Nickel is a mineral exploration company with a diverse collection of mineral exploration projects in North America.
For the week: +0.00% even...
Step Out Holes Hit High Grade Copper at Tower Property - 6.1% Copper, 1.6g/t Gold, 2.0% Zinc, 35.9g/t Silver across 4.9m including 10.1% Copper, 1.2g/t Gold, 2.6% Zinc, 56.1g/t Silver across 2.6m
Press Release Source: Pure Nickel Inc. On Tuesday May 17, 2011, 10:11 am EDT
http://finance.yahoo.com/news/Step-Out-Holes-Hit-High-Grade-cnw-348508997.html?x=0&.v=1
-9.09% is the scorecard for the week...
News 4/8/2011 - Pure Nickel Reports Operating Highlights
News for 'PNCKF' - (Pure Nickel Reports Operating Highlights and Results for the
Three Months Ended February 28, 2011.)
TORONTO, Apr 8, 2011 (Canada NewsWire via COMTEX) -- Pure Nickel Inc. (TSX:
NIC) (OTCBB: PNCKF) today released its operating highlights for the quarter
ended February 28, 2011, and its financial results for the three months then
ended.
First quarter operating highlights
MAN Alaska
Pure Nickel continues to plan the 2011 program which is expected to commence the
beginning of June, pending ITOCHU's decision to continue funding
exploration. Agreements with service providers and exploration permits are
being readied and the team is looking forward to investigating the new platinum
group horizons which were identified during the 2010 program. Larry
Hulbert, D.Sc., P.Geo is the designated Qualified Person for this project.
Tower Property, Manitoba
The Tower property is contiguous with Pure Nickel's William Lake claims in the
Thompson Nickel Belt. Rockcliff Resources Inc. is proceeding to earn-in to the
Tower VMS claims and since the start of the quarter have announced the results
from the first thirteen holes of a planned 24 hole program. Highlights
from the holes to date are tabulated below. 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.
-- 3.4% copper, 1.2g/t gold, 0.7% zinc and 18.6g/t silver across
2.65m including
10.5% copper, 3.6g/t gold, 2.0% zinc and 56.1g/t silver across
0.85m (Hole 1);
-- 3.6% copper, 0.5g/t gold, 1.4% zinc and 19.0g/t silver across
2.6m including
6.4% copper, 0.8g/t gold, 2.3% zinc and 33.9g/t silver across
1.40m (Hole 2).
-- 7.0% copper, 2.0g/t gold, 1.3% zinc and 32.2g/t silver across
2.65m including
11.5% copper, 2.7g/t gold, 2.0% zinc and 49.7 silver across
1.00m (Hole 4);
-- 3.3% copper, 0.3g/t gold, 0.8% zinc and 17.6g/t silver across
7.45m including
9.8% copper, 0.9g/t gold, 2.2% zinc and 51.5g/t silver across
2.4m (Hole 5);
-- 3.2% copper, 1.1g/t gold, 0.6% zinc and 17.5g/t silver across
4.6m including
4.6% copper, 1.7g/t gold, 0.9% zinc and 29.8g/t silver across
2.2m (Hole 7);
-- 7.6% copper, 2.0g/t gold, 1.7% zinc and 35.4g/t silver across
8.2m including
9.8% copper, 2.8g/t gold, 2.2% zinc and 45.9g/t silver across
5.3m (Hole 8)
-- 5.2% copper, 0.8g/t gold, 1.2% zinc and 23.0g/t silver across
3.7m including
10.9% copper, 1.6g/t gold, 2.2% zinc and 48.7g/t silver across
1.2m (Hole 9);
-- 7.6% copper, 0.6g/t gold, 1.8% zinc and 32.0g/t silver across
2.6m including
10.7% copper, 0.9g/t gold, 2.5% zinc and 44.8g/t silver across
1.7m (Hole 10);
-- 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)
Results for the three months ended February 28, 2011
Pure Nickel reported that its net loss was in line with expectations: $360,000
($0.005 per share) for the three months ended February 28, 2011, compared to a
net loss of $394,000 ($0.006 per share) for three months ended February 28,
2010. For further information refer to Pure Nickel's consolidated interim
financial statements and the accompanying management discussion and analysis on
the company's website at www.purenickel.com, on SEDAR at www.sedar.com, and on
EDGAR at www.sec.gov/edgar/searchedgar/companysearch.html. (All dollar amounts
herein are in Canadian funds unless otherwise indicated.)
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.
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/April2011/08/c2490.html
SOURCE: Pure Nickel Inc.
NEWS RELEASED
Pure Nickel Inc. - More High Grade Copper Mineralization at Tower (cnw)
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, March 30 /CNW/ - Pure Nickel Inc. (TSX:NIC) (OTCBB:PNCKF) 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.
For further information:
The Howard Group Investor
Relations
Jeff Walker
T. (888) 221-0915
Email: info@howardgroupinc.com
Website: www.howardgroupinc.com
CHF Investor Relations
Cathy Hume
T. (416) 868-1079
Email: cathy@chfir.com
Website: www.chfir.com
Pure Nickel Inc.
David McPherson
President and CEO
T. (416)644-0066
Email: info@purenickel.com
Website: www.purenickel.com
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Even for the week...
David McPherson, President and CEO of Pure Nickel was in Calgary on March 3rd as part of a marketing tour .........
To view the full commentary,please click here..............
We are oversold big time. Easy money at these levels.
National bank dumped 826,500 shares today and bought zero. Not sure why? any thoughts?
Great to hear from you... all the best.
Hey guys. I'm in this stock heavily. Looking for a move up soon. Here's a message from IR I received about ITOCHU. I'm pretty sure ITOCHU will invest their 8 million that they promised for 2011 and another 8 million for 2012. I wonder if they would like to spend more now that PGE are on the horizon.
The Japanese will make theirdecision at the end of March and thus the release will be out shortlythereafter. Management believes they will continue investing. In theunlikely event that they don't, there are many groups who would love tostep into their shoes. So stay tuned!
Pure Nickel's Tower Property Under Option to Rockcliff Resources Inc. Hits High Grade Massive Sulphide Vein
Press Release Source: Pure Nickel Inc. On Tuesday March 1, 2011, 8:56 am EST
7.6% Copper, 2.0g/t Gold, 1.7% Zinc, 35.4g/t Silver across 8.2m including
9.8% Copper, 2.8g/t Gold, 2.2% Zinc, 45.9g/t Silver across 5.3m
http://finance.yahoo.com/news/Pure-Nickel-Tower-Property-cnw-3927819282.html?x=0&.v=1
I am always vigilant... never wandering far...
Any body home?????
Really quite....No news--No buying--no selling--I hope there''s something going on at NIC---I can hear some breathing, anyone here?
Are we waiting for something?? No shares changing hands make me wonder if I missed something---at least it's not a huge sell off..
Things are just really QUITE---Hmmmm--:>-
My friends, for the week: +3%!!!
What the heck? on December 22nd, EnergyGuy writes:
BombVark, you wrote: Depending on the work this year will ITOCHU continue paying for more?
The Japanese are not as impatient as Westeners are. Also they have their own geologists at MAN too. If the project was a dud, Itochu's Tokyo HQ would have known about it long before now.
What happened in THREE weeks? Lol. Actually I like the results and bought back in. Will add more on dips.
There--that's better--who would want to sit on 30% increase....
I feel comfortable here again at 19 cents----
Excitement is overrated---
this is like a hangover--
hope I didn't say anything I wish I hadn't...
Blah---Blah--Blah--[:I---
Whew... makes for a funky weekly candle!!! I'm in and staying in. All the best to you guys!!!
Whilst making my breakfast, I did manage to listen to at least part of the teleconference. In that part, it was revealed that ITOCHU will be deciding about funding or not for MAN by end of March 2011. If Itochu stays and funds for another year...I would stay. If they walk away, then everybody would have to do some soul searching and some serious thinking. But right now it's a no-brainer. The MAN geos are making progress...they are getting closer to finding the Mother Lode of all Platinum and Palladium. ITOCHU is paying the bills and Pure Nickel is not diluting the shareholders. It's a great situation to be a part of. :)
WELL-----!!!!!!!!!!!!!
Looks like news got out today,,,,and the people like it :]]
Yesterdays sellers, are crying in their wheaties today---:)
SO, any thoughts about exit or hold stratagy or buy more??
----Today is a good day weedhopper---
Why It Was So Bad For Me Today
Last week I had contacted Jeff Walker who works with the Howard Group which owns shares in Pure Nickel and helps them in marketing representations etc.
Here is his response ...please note the date of his email and what he said to me.
From: jeff@howardgroupinc.com(Jeff?Walker) Date: Fri, Jan 7, 2011, 1:18pm (EST-3) To: (My personal email address I've deleted) Subject: FW: from webiste Regarding December 15th News Release
The call will be announced by the end of next week which is still early January.
Jeff
Oh yes there was a conference call all right but I wasn't able to ask my question because a. Ihad been told the conference call wouldn't be announced until the end of the week b. I got up very late this morning and was struggling to make my breakfast while trying to listen to my telephone. c. I had just put my chicken with vegetables pasta over my microwaved sweet potato when I dashed to the phone only to hear that they would be taking no more calls!! What a royal foul up! I trusted a spokesperson for Pure Nickel...and thisis what happens!!!
It wasn't me either. I still have every single share. I have some more comments to make about the 'timing' of the conference call, what I was doing this morning and what I had been told about the timing of the conference call which was incorrect!
I think there was a conference call today at 11 am eastern, perhaps folks did not like what they heard or saw in the drill results??
http://www.newswire.ca/en/releases/archive/January2011/11/c9609.html
Sooo---Who sold?????
there's only 3 of us here and the seller wasn't me:{-
Howdy EG62& Mr.Jackel....
Yes i'm a new investor here...I got in a few weeks ago, I think the promise of major news in the near future hooked me,,,,
I was a little disapointed though when i couldn't find anyone to chat with abbout the stock,,,,I guess that's a good sign that I'm in before the BIG run...lol...Anyways nice to meet you both and if you make big money, so do I--:{}---
I've heard it said "buy on the rumor and sell on the news" I hope that works out here..tnx for the shout
Still here and will be until old and gray... this uptrend is keeping the gray away!!!
Iceman7, according to the December 15th 2010 news release, the company is planning to announce a date for a teleconference and webcast about MAN drilling results. They are studying more than 3000 core samples so that might explain some of the slowness in dispensing news to their shareholders and the general investment community. Good to hear from you iceman 7! Are you presently a shareholder of Pure Nickel?
Yeah well i'm new here and couldn't find anyone home either...
Was wondering if there was supposed to be new news soon?
Hey! Where is everybody??? Have you all given up on Pure Nickel? Am I the last Pure Nickel shareholder?
BombVark, you wrote: Depending on the work this year will ITOCHU continue paying for more?
The Japanese are not as impatient as Westeners are. Also they have their own geologists at MAN too. If the project was a dud, Itochu's Tokyo HQ would have known about it long before now.
TORONTO: December 15, 2010. Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) announced today that assay results from its extensive 2010 drill program (see news release dated June 8, 2010) at its MAN property in Alaska have been received in their entirety. Pure Nickel and its project partner, ITOCHU Corporation of Tokyo, are completing a full analysis of the data that was collected over the course of the 2010 program that involved approximately 6,700 metres of drilling. Due to the nature of the data, Pure Nickel will hold a teleconference and web-cast in early January 2011 to discuss the results in detail. Further information regarding the exact date and time will be released in the New Year.
My Latest Update On Pure Nickle
I talked to Lisa Buchans executive secretary. She said the company strongly felt that to get a clear picture of this year's exploration effort all 3000 sample results should be released at the same time. She further stated that the complete MAN news release should be out either in December or the first week in January 2011. I also learned from her that shipments from MAN to Fairbanks weekly where its prepped (crushed into a powder) then sent to Acme Labs in Vancouver. Why not do the assays in Fairbanks? Because the Americans can't assay all five metals. Now a personal comment. Yes I have been tempted to sell my NIC.V shares...but I fought the urge with everything in my being. I reminded myself that Itochu isfooting the bill, that the target is $HUGE$, that I had bailed out on other companies too soon so I'm staying!!!
I'm out. I will be stunned if they have been sitting on good drill results from MAN. Depending on the work this year will ITOCHU continue paying for more?
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