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Pure Nickel Inc. (TSE:NIC,OTC:PNCKF) reports the ITOCHU formal decision on the 2011 Exploration Program for MAN is now expected to be received in the next three to four weeks.
Pure Nickel Inc. (TSX:NIC,OTC:PNCKF) reports the ITOCHU formal decision on the 2011 Exploration Program for MAN is now expected to be received in the next three to four weeks.
The press release is quoted as saying,
n 2010 exploration on the MAN Alaska property included a helicopter-supported two drill program and extensive geophysical surveys. The program ran until the end of September with a total of approximately 6,700 metres being completed. Analysis of over 3,400 assays revealed stratigraphic horizons in the Alpha and Beta Complexes that had elevated platinum and palladium values strongly suggesting that stratiform PGE mineralization is present and similar to that found in other Platinum Group Element (PGE) bearing complexes elsewhere in the world. As the 2011 exploration program continues to evolve, pending ITOCHU’s decision to continue funding exploration, the Company will be focusing on the new horizons. Larry Hulbert, D.Sc., P.Geo is the designated Qualified Person for this project.
For the complete press release, click here.