Business
Pure Nickel Announces Results for Salt Chuck Drilling Program
Toronto, Ontario--(Newsfile Corp. - September 11, 2014) - Pure Nickel Inc. (TSXV: NIC) (the "C...
About this update from Galleon Gold Corp
[{"type":"text","content":"Pure Nickel Announces Results for Salt Chuck Drilling ProgramToronto, Ontario--(Newsfile Corp. - September 11, 2014) - \nPure Nickel Inc. (TSXV: NIC) (the \"Company\") announces results for the recently completed drilling program on its 100% owned Salt Chuck Copper (Cu) – Gold (Au) – Silver (Ag) – Palladium (Pd) \nProperty on Prince of Wales Island in south-eastern Alaska. Nine holes totalling 1,700 meters were completed on the North Pole Hill (NPH) section of the property from May 10 to June 23, 2014.\n\nDrilling targeted selected soil geochemical anomalies that occur in the NPH area. Eight of the nine holes encountered pyrite-chalcopyrite mineralization associated with hydrothermal quartz-calcite-epidote veining, similar to that intersected in 2012 \ndrill hole NPH-12-04 (29.1 g/t Au and 0.79% Cu over 2.58 meters apparent width - see press release dated December 11, 2012). The results clearly indicate that the soil anomalies reflect underlying bedrock mineralization. David McPherson, President \nand CEO of Pure Nickel Inc. noted: \"We have demonstrated the positive relationship between soil geochemistry and mineralization, and we now know that there are multiple mineralized structures on the property. Given that there are numerous \nuntested gold, copper and palladium soil anomalies, and that some of the largest structures have yet to be investigated, we believe that there is significant potential for further discoveries at Salt Chuck.\"\n\nThe first five drill holes were designed to test the continuity of high grade gold mineralization encountered during drilling in 2012 at site NPH-12-04, where a moderate gold anomaly is present in the soil. Four of these holes encountered similar \nhydrothermal sulphide mineralization associated with quartz-calcite-epidote veining. The best result was in hole NPH-14-07 which intersected 14.1 g/t Au and 0.74% Cu over 0.5 meters apparent width. In addition, NPH-14-05 intersected 1.3 g/t Au over \n1.1 meters apparent width, NPH-14-10 intersected 1.3 g/t Au over 1.0 meters apparent width, and hole NPH-14-11 intersected 0.6 g/t Au over 2.0 meters apparent width.\n\nDrill holes NPH-14-12 through 14 tested a northwest trending gold in soil anomaly in the eastern part of the NPH area, and each encountered pyrite-chalcopyrite mineralization in quartz-carbonate-epidote veins. Mod...