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Pure Nickel: Initial NI 43-101 Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba
Toronto, Ontario--(Newsfile Corp. - December 6, 2012) - Pure Nickel Inc. (TSX: NIC) reports an u...
About this update from Galleon Gold Corp
[{"type":"text","content":"\nPure Nickel: Initial NI 43-101 Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba\n\nToronto, Ontario--(Newsfile Corp. - December 6, 2012) - Pure Nickel Inc. (TSX: NIC) reports an update on the Tower Property located in Manitoba. A press release, outlining the initial NI 43-101 resource estimate, issued by its partner on the property appears below in its entirety.Rockcliff Reports Initial NI 43-101 Indicated and Inferred Resource Estimate for T-1 Copper Deposit, Tower Property, Manitoba Indicated: 1,084,186 Tonnes at 3.73% Copper, 1.05% Zinc, 17.28 g/t Silver, 0.55g/t Gold Inferred: 1,253,522 Tonnes at 2.0% Copper, 1.02% Zinc, 9,78g/t Silver, 0.27g/ t Gold Deposit Remains Open in all Directions TORONTO, ONTARIO-- Rockcliff Resources Inc. (TSX VENTURE: RCR) is pleased to announce that it has received an independent - Mineral Resource Estimate prepared by Mr. Jason Baker P.Eng. (APENS#9627), a Geological Engineer with Caracle Creek International Consulting Inc. (Caracle Creek) for the T-1 Copper Deposit located on the Tower Property, central Manitoba.The Mineral Resource Statement prepared by Caracle Creek for the T-1 Copper Deposit is detailed below. Table 1: Mineral Resource Statement, T-1 Copper Deposit, Manitoba Caracle Creek, December 2, 2012             Contained Resource Category Tonnes Cu (%) Zn (%) Ag (g/t) Au (g/t) Pounds-Cu Indicated 1,084,186 3.73 1.05 17.28 0.55 88,968,303 Inferred 1,253,522 2.00 1.02 9.78 0.27 55,154,968        Notes:  1. CIM definitions were followed for the estimation of mineral resources. 2. Mineral resources are estimated at a Cu cut-off of 0.5%. 3. Cut-off grade was based on a copper price of US$3.63 per pound. 4. Given the tonnage, grade and orientation of the deposit, Caracle Creek considers the T-1 Copper Deposit to be reasonably amenable to extraction using underground mining methods. 5. Specific Gravity measurements were taken on a portion of the samples and where actual measurements were not available an average of 3.00 was used. 6. Mineral resources are not mineral reserves and do not have demonstrated economic viability.   Ken Lapierre, President and CEO commented, \"The NI 43-101 Resource Estimate is our first estimate on the T-1 Copper D...