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Pure Nickel Inc. - NI 43-101 Report Initiated for Tower Property
Toronto, Ontario--(Newsfile Corp. - October 25, 2012) - Pure Nickel Inc. (TSX: NIC) (the “...
About this update from Galleon Gold Corp
[{"type":"text","content":"\nPure Nickel Inc. - NI 43-101 Report Initiated for Tower Property\n\nToronto, Ontario--(Newsfile Corp. - October 25, 2012) - Pure Nickel Inc. (TSX: NIC) (the \n“Company”) reports that Caracle Creek International Consulting Inc. has \ncommenced an independent National Instrument 43-101 Technical Report on the \nTower Property. The report is anticipated to be completed before the end of \nNovember 2012 and will include geological modelling and resource estimation on \nthe high grade T-1 Copper Deposit which is located in central Manitoba. The \ndeposit is host to high grade copper, gold, zinc and silver mineralization and \nis located within 500m of a major highway, power lines and the recently \ndiscovered T-2 Copper Zone. A total of forty-one (41) drill holes (including \neight historic holes) totalling almost 17,000m have been completed on the T-1 \nCopper Deposit. Eighteen (18) of the drill holes (45%) intersected high copper \ngrades exceeding 3.0%, results have been previously announced in earlier news \nreleases and some are highlighted in the table below:\n\nHole # \n Width (m)* \n Copper % \n Gold g/t \n Zinc% \n Silver TP11-08 \n 8.2 \n 7.6 \n 2.0 \n 1.7 \n 35.4 TP11-10 \n 2.6 \n 7.6 \n 0.6 \n 1.8 \n 32.0 TP10-04 \n 2.7 \n 7.0 \n 2.7 \n 1.3 \n 32.2 TP11-21 \n 4.9 \n 6.1 \n 1.6 \n 2.0 \n 35.9 BK00-313 \n 3.8 \n 5.3 \n 0.9 \n 2.0 \n 22.0 TP11-09 \n 3.7 \n 5.2 \n 0.8 \n 1.2 \n 23.0 TP11-12 \n 2.9 \n 4.6 \n 1.2 \n 1.2 \n 22.0 TP11-22 \n 3.7 \n 4.5 \n 0.3 \n 1.7 \n 21.4 TP11-13 \n 3.3 \n 4.0 \n 0.3 \n 0.8 \n 15.3 TP11-17 \n 4.0 \n 3.9 \n 0.6 \n 0.6 \n 18.3 TP10-02 \n 2.6 \n 3.6 \n 0.5 \n 0.8 \n 17.6 BK00-314 \n 2.1 \n 3.7 \n 0.4 \n 2.0 \n 14.4 TP11-16 \n 2.7 \n 3.6 \n 0.3 \n 1.0 \n 19.5 TP10-01 \n 2.7 \n 3.4 \n 1.2 \n 0.7 \n 18.6 BK00-311 \n 3.1 \n 3.3 \n 1.4 \n 0.4 \n 10.7 TP10-05 \n 7.5 \n 3.3 \n 0.3 \n 0.8 \n 17.6 TP11-07 \n 4.6 \n 3.2 \n 1.1 \n 0.6 \n 17.5 TP11-14 \n 2.8 \n 3.1 \n 0.4 \n 1.1 \n 14.4 \n*down hole drill widths\nDavid McPherson, President and CEO of Pure Nickel commented, “We \nare very pleased to see this new work initiated on Tower. With its proximity to \ninfrastructure and excellent drilling results to date, we look forward to seeing \ncontinued development of this asset.”\nPure Nickel granted Rockcliff Resources Inc. the option to earn a \n70% interest in the property by pay...