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Pure Nickel Inc. - New Copper Zone Discovered at the Tower Property
TORONTO, May 23, 2012 /CNW/ - Pure Nickel Inc. (TSX: NIC) (the "Company") is pleased to ann...
About this update from Galleon Gold Corp
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 23, 2012 /CNW/ - Pure Nickel Inc. (TSX: NIC) (the\n \"Company\") is pleased to announce that its option partner, Rockcliff\n Resources Inc. today announced a near surface drill discovery of a new\n copper zone at the Tower Property, Manitoba.  Termed the T-2 Copper\n Zone, it is located at the very south edge of a recently identified\n +500m long untested DPEM geophysical anomaly.\n\n\nDiscovery hole (TP12-025) intersected four (4) meters grading 2.44%\n copper, 0.7 g/t gold, 18.2 g/t silver, 0.3% zinc starting at 161 meters\n down the hole including two (2) meters grading 3.3% copper, 0.8 g/t\n gold, 24.6g/t silver, 0.4% zinc.\n\n\nThe T-2 Copper Zone is hosted within a package of favourable VMS rocks\n where at least two copper rich horizons (T-1 Copper Deposit, T-2 Copper\n Zone) are now present and which correspond to two DPEM geophysical\n anomalies.   Additional DPEM anomalies have recently been identified in\n the favourable VMS rock package and are presently being evaluated as\n additional drill targets with copper potential.\n\n\nThe T-2 Copper Zone lies within a pervasively altered volcanic host rock\n with primary, in-situ net texture sulphide mineralization consisting of\n pyrrhotite, chalcopyrite, pyrite and sphalerite.  The copper rich\n intercept is coincident along the extreme south edge of an extensive\n north trending +500m long highly conductive DPEM geophysical anomaly. \n This new zone is located 200m east and north of the known T-1 Copper\n Deposit (Tower Deposit) where Rockcliff's previously released results\n have intersected high grade copper, gold, zinc and silver\n mineralization.\n\n\nAdditional assays are pending in TP12-025 where continued drilling of\n the hole intersected the T-1 Copper Deposit at a vertical depth of over\n 400m and 75m north of previously announced high grade drill results. \n Assay results of this intersection will be released to the public when\n received from the analytical laboratory.\n\n\nKen Lapierre, President and CEO of Rockcliff commented, \"The discovery\n of the T-2 Copper Zone and nearby high grade T-1 Copper Deposit located\n within 300m of a major all season highway and power line is a true\n testament to the excellent infrastructure and exceptional copper\n potential of this property.   The additional...