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Encouraging Results from Five New Nickel Projects in Uruguay
Encouraging Results from Five New Nickel Projects in Uruguay
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"Encouraging Results from Five New Nickel Projects in Uruguay\n\n\n\nEncouraging Results from Five New Nickel Projects in Uruguay\n\nVancouver, British Columbia CANADA, April 07, 2009 /FSC/ - Pacific Coast Nickel Corp. (NKL - TSX Venture), is pleased to announce that initial prospecting has been successful on the Company's five new nickel-copper sulphide projects in Uruguay. Significant zones of mafic-ultramafic rock types have been found to contain either geochemical anomalies or visible sulphide mineralization. Pacific Coast Nickel is highly encouraged by these preliminary results and plans a second phase of exploration on the identified targets.\n\nPacific Coast Nickel geologists focused on these 5 projects after a program of country-wide targeting, followed by field reconnaissance, in 2008. Regional focus was on steep crustal-penetrating structural zones marginal to Precambrian cratonic blocks, with sulfidic metasedimentary cover rocks, and in some cases historically-reported ultramafic rocks, present. Multi-element Ni-Cu-Cr-Co anomalies in historical regional geochemical data led the Company's geologists to identify prospective ultramafic-mafic intrusive suites in all 5 of the projects, which are held as Prospection Permits.\n\nExploration work carried out by Pacific Coast Nickel in late 2008 on the Cerro Chato Permit has outlined two prospective areas (2 km by 1.5 km and 1 km by 1.75 km) as defined by the presence of mafic-ultramafic lithologies, ground magnetic survey responses and coincident anomalous geochemical results. \n\nMaps plotting the Cerro Chato results are available on the Company's website at www.pacificcoastnickel.com. \n\nOn the eastern portion of the Molles North Permit, mafic-ultramafic intrusions up to 3 km in length and greater than 0.5 km in width have been identified. Disseminated magmatic sulphides have been observed with some of the mafic lithologies. \n\nThe presence of ultramafic-mafic intrusions have been confirmed on the Quebracho & Polanco Permits.\n\nJim Walchuck, President and CEO of Pacific Coast Nickel, noted \"Our cost effective Uruguay initiative has indicated excellent exploration potential on our permits. I am particularly pleased by the size of the anomalous zones identified to date.\"\n\nProject Bac...