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Pure Nickel Files NI 43-101 Technical Report for the Neal Project
Toronto, Ontario--(Newsfile Corp. - May 30, 2019) - Pure Nickel Inc. (TSXV: NIC) (the "Company...
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[{"type":"text","content":"Pure Nickel Files NI 43-101 Technical Report for the Neal ProjectToronto, Ontario--(Newsfile Corp. - May 30, 2019) - Pure Nickel Inc. (TSXV: NIC) (the \"Company\" or \"Pure Nickel\") announces that it has filed a Technical Report, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, for the Neal Project (\"Neal\"). The Company is Eric Sprott's 51% partner in the Neal Development Limited Partnership (\"Neal LP\") which holds a lease to operate Neal (see Pure Nickel press release dated April 30, 2019). The Neal mine area, located 27 kilometers southeast of Boise, Idaho, is a high-grade vein gold project comprised of five patented and seven unpatented lode claims. Pure Nickel President and CEO, Mr. R. David Russell, notes: \"With Pure Nickel transitioning away from the nickel business, management has chosen Neal as our first gold project for the following reasons: 1) high-grade underground gold potential, 2) non-refractory sulfide mineralization amenable to gravity and flotation, 3) private patented land base with a current mining permit, 4) easy access and logistics from nearby Boise, and 5) the availability of multiple processing options.\"The Neal Technical Report, entitled: \"NI 43-101 Technical Report: Property Report for the Neal Project, Elmore County, Idaho\", was prepared by Thomas H. Chadwick, CPG, an independent Qualified Person under NI 43-101. Mr. Chadwick has reviewed, verified and approved the technical content of this news release.The Neal Project Technical Report may be found under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.purenickel.com.Highlights of the NI 43-101 Technical Report include:Project Location and Access:The Neal Project is located in Elmore County, Idaho in rolling hills just east of Boise. Access is a short 25-minute commute from the Boise Airport via paved roads for most of the way.Power and water are available nearby and could be furnished to the project as needed.Neal Land Status:All historic and modern mining and exploration has been confined to five patented (private property) claims that make up the core of the Neal property.An additional seven unpatented lode mining claims provide further mineral rights along trend in both directions from the patented property. These claims are...