TORONTO, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) 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.
Pure Nickel Inc. - Results For MAN Alaska Exploration Program
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