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Pure Nickel Inc. Confirms Extensive Ni-Cu-Co-PGE Mineralization on the MAN Property, Alaska
Highlights: Drill holes encounter broad intervals of Nickel (Ni) - Copper (Cu) - Cobalt ...
About this update from Galleon Gold Corp
[{"type":"text","content":"\nPure Nickel Inc. Confirms Extensive Ni-Cu-Co-PGE Mineralization on the MAN Property, AlaskaHighlights: \n\n \nDrill holes encounter broad intervals of Nickel (Ni) - Copper \n(Cu) - Cobalt (Co) - Gold (Au) - Silver (Ag) - Platinum (Pt) - Palladium \n (Pd) mineralization in the Alpha mafic- ultramafic complex \n \n \n Drill results, coupled with previous work, \n define what is now interpreted as a continuous zone of disseminated \n sulphide mineralization - the Eureka Zone - extending a minimum of 15 km \n along strike in the Alpha Complex \n \n The Eureka Zone potentially represents a very \n large magmatic sulphide deposit with similarities to the Dumont project of \n Royal Nickel Corporation \n\nToronto, Ontario--(Newsfile Corp. - October 29, 2013) - Pure Nickel Inc. (TSXV: NIC) \nis pleased to announce results for the 2013 summer field program at its MAN \nproperty in south central Alaska. The MAN property is the subject of a joint \nventure agreement with ITOCHU Corporation of Tokyo, Japan. ITOCHU currently \nholds a 30% interest in the MAN property, and can earn up to a 75% interest by \nfunding a total of US$ 40 million in exploration.\nThe 2013 field program on the MAN property was completed \nbetween May 29th and August 28th. The program included an \neight hole, 2,991 meter drill program primarily targeting the Eureka Zone in the \ncentral part of the Alpha Complex, as well as prospecting and mapping work in \nvarious parts of the property. \nThe 2013 drill program successfully intersected the Eureka \nZone, first recognized in 2012 (see press releases January 23, 2013 and May 23, \n2013), in six of the seven holes that were targeted, with one hole being \nabandoned in a fault zone. An eighth hole, PNI-13-70, targeted coincident \nInduced Polarization (IP) and soil geochemical anomalies to the south of the \nEureka Zone. \nThe drill results confirm the presence of what is now \ninterpreted as a continuous zone of magmatic sulphide mineralization containing \nelevated concentrations of Ni, Cu, Co, Au, Ag, Pt and Pd. Estimated true widths \nof intersection for 2013 drill holes cutting the Eureka Zone in the central \nAlpha segment range from 120 m to 250 m. Composite intersection grades across \nthe mineralized zone in the drill holes range from 123 ppb to 212 ppb Au+Pt+Pd, \n0.05-0.16% Cu, and 0.17 -0.24% Ni. The miner...