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TORONTO, June 24, 2013 (GLOBE NEWSWIRE) -- Pure Nickel Inc. (TSX:NIC) (the "Company") today released its operating highlights and financial results for the three- and six-month periods ended May 31, 2013. (All dollar amounts herein are expressed in Canadian funds, unless otherwise indicated.)
Second quarter operating highlightsMAN Property, Alaska
The Company announced that it has commenced exploration on the MAN property. Activity in 2013 will consist primarily of a 2,200 metre drill program utilizing one helicopter supported drill rig. The work program will focus on a zone of Nickel (Ni) - Copper (Cu) - Platinum Group Element (PGE) mineralization, informally termed the Eureka zone, identified in the Alpha mafic - ultramafic complex in 2012. The Alpha complex is one of five discrete mafic –ultramafic complexes located on the 47,000 hectare MAN property in south-central Alaska.
The Eureka zone consists of a broad interval of disseminated sulphide mineralization that straddles the contact between gabbroic and ultramafic rocks in the northern half of the Alpha complex. The zone was encountered in several 2010 drill holes, and 2012 drill hole PNI-12-063 confirmed the continuity of the mineralization. A review of historic drilling on the property has shown that all drill holes that intersected the correct stratigraphic interval encountered similar disseminated sulphide mineralization. The fact that all holes positioned at the correct stratigraphic level intersected the same style of mineralization suggests that the Eureka zone may be a continuous feature along most, if not all, of the strike length of the Alpha complex. To date, drilling has intersected the zone in widely spaced holes along a strike length of seven kilometres in the central part of the complex. No historic drill holes were positioned in the correct stratigraphy across the remaining portions of the complex, and the zone is thus open to the east and west. The map below outlines the Eureka Zone as currently known, and shows the approximate locations of drill holes planned for 2013.