Business
Pacific Coast Nickel Corp. Options Yukon Property
Pacific Coast Nickel Corp. Options Yukon Property
About this update from Nickel Creek Platinum Corp.
[{"type":"text","content":"Pacific Coast Nickel Corp. Options Yukon Property\n\n\n\nPacific Coast Nickel Corp. Options Yukon Property\n\nVancouver, British Columbia CANADA, August 29, 2008 /FSC/ - Pacific Coast Nickel Corp. (NKL - TSX Venture), announced results from drilling at Big Nic completed in July.\n\nMichael Sweatman, Pacific Coast Nickel President, stated that, \"It is disappointing that stronger Nickel values were not evident in the holes drilled. We are pleased that the drilling which had been budgeted at over $700,000 was completed for around $350,000 thereby preserving our significant cash resources.\"\n\nThe Big Nic property has been explored over the past 5 years by the Company following favorable prospecting results and extensive airborne and ground geophysics.\n\nThe next steps will be to review all data pertaining to the property that has been obtained to determine the future of the property.\n\nSummary of Results\n\nA total of 7 holes totaling 500.15 meters were drilled to test geophysical anomalies and outcrop identified during prospecting.\n\nA summary of the result greater than 0.10% Nickel are as follows:\n\n-***-\n\n----------------------------------------- \nDrill Hole From(m) To(m) Ni Cu \n ppm ppm \n----------------------------------------- \n----------------------------------------- \nSPX 3-08 31.09 32.0 1275 1180 \n----------------------------------------- \nSPX 3-08 33.08 33.56 1080 1475 \n----------------------------------------- \nSPX 4-08 5.0 6.14 1160 386 \n----------------------------------------- \n\n-****- \n\nMurray McClaren Vice President of exploration, who is a qualified person for the purposes of NI 43-101 has reviewed the contents of this news release.\n\nAbout Pacific Coast Nickel Corp.\n\nPacific Coast Nickel Corp is actively exploring properties which are prospective for nickel and copper. The Company has two maj...