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Prophecy and Pacific Coast Nickel Commence 8,000 Meter Drilling Program
Jun. 02, 2011 06:44AM PST
Base Metals Investing Prophecy Resource Corp. (CVE:PCY,OTC:PRPCF,ETR:1P2) and Pacific Coast Nickel Corp. (CVE:NKL,PINK:PNIKF,ERT:P94) report they’ve started drilling.
Prophecy Resource Corp. (TSXV:PCY,OTC:PRPCF,ETR:1P2) and Pacific Coast Nickel Corp. (TSXV:NKL,PINK:PNIKF,ERT:P94) report they’ve started drilling.
The press release is quoted as saying,
In 1972, Hudbay Minerals Inc. milled 171,652 tons grading 2.23% Copper and 1.39% Nickel on the Wellgreen mine. The mine then ceased operations due to low nickel prices, geological complexity, and poor ground conditions. Drillings by several past operators have verified the presence of significant amount of lower grade nickel-copper and PGM-bearing mineralization highlighted by intercepts of 496.1 meters of 0.596 g/t PGM+Au, 0.27% nickel, 0.18% copper and 0.02% cobalt.
For the complete press release, click here.
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