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Pure Nickel Inc. Provides Update on the MAN Property, Alaska
Toronto, Ontario--(Newsfile Corp. - November 18, 2013) - Pure Nickel Inc. (TSXV: NIC) announce...
About this update from Galleon Gold Corp
[{"type":"text","content":"Pure Nickel Inc. Provides Update on the MAN Property, AlaskaToronto, Ontario--(Newsfile Corp. - November 18, 2013) - Pure Nickel Inc. (TSXV: NIC) announces that ITOCHU Corporation has withdrawn from the joint venture on the MAN Alaska property. Over the past five years the MAN project has benefitted greatly from ITOCHU's participation. With their funding support, Pure Nickel has been able to complete significant exploration programs without raising capital on the markets and thus diluting shareholders. Notwithstanding the progress that has been made at MAN, particularly the identification of the highly prospective Eureka Ni-Cu-PGE Zone, ITOCHU has decided to withdraw from the MAN project and focus on the strategic investment management of their global portfolio of assets. Full ownership of the property will revert to Pure Nickel. This allows Pure Nickel to partner with other companies as it continues to advance the property. A conference call to discuss the withdrawal from the joint venture and future strategy with respect to the property is scheduled for today at 11 am ET. You can join the call by dialling 1-866-223-7781 or 1-416-340-2218. Please call in 15 minutes prior to the call to secure a line. You will be put on hold until the conference call begins. A live audio webcast of the conference call will also be available through http://www.gowebcasting.com/5115.About the MAN project The MAN Nickel (Ni) – Copper (Cu) – Platinum (Pt) – Palladium (Pd) – Cobalt (Co) – Gold (Au) – Silver (Ag) Alaska property is located at the junction of the Denali and Richardson highways in south-central Alaska, approximately 250 kilometres southeast of Fairbanks. The property consists of both state and federal claims, with a total area of approximately 47,000 hectares. Five discrete mafic-ultramafic intrusive complexes occur on the property, the largest of which, the Alpha complex, measures approximately 33 kilometres by 3 kilometres. In 2012 Pure Nickel Inc. identified an extensive zone of disseminated sulphide mineralization, the Eureka Zone, in the Alpha Complex, and this is the focus of the Company's exploration efforts at present. About Pure Nickel Inc. Pure Nickel Inc. is a mineral exploration company with a diverse collection of nickel, copper and platinum group element exploration projects in Nor...