Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) today reported that its option partner in central Manitoba on the Tower Property, Rockcliff Resources Inc. (TSXV: RCR), announced earlier today high grade copper-gold mineralization intersected in their first two drill holes (see Rockcliff Resources news November 10, 2010).
Highlights from the first two holes are:
• 3.4% copper, 1.2g/t gold, 0.7% zinc and 18.6g/t silver across 2.65m including
10.5% copper, 3.6g/t gold, 2.0% zinc and 56.1g/t silver across 0.85m (Hole 1);
• 3.6% copper, 0.5g/t gold, 1.4% zinc and 19.0g/t silver across 2.6m including
6.4% copper, 0.8g/t gold, 2.3% zinc and 33.9g/t silver across 1.40m (Hole 2).
The lengths reported are drill intersected core lengths and do not represent true widths.
A minimum of 2,000m of drilling is planned in approximately six holes. The target is the Tower Copper-Gold Zone, a multi-zoned system rich in copper, gold, zinc and silver. Additional exploration will include bore hole geophysics. Historically, eight widely spaced (200m drill centers) drill holes and bore hole geophysics discovered the Tower Copper-Gold Zone. It is an extensive sheet of sulphides with a minimum strike length of 700m and a minimum vertical depth of 700m.
Under the terms of the Option Agreement with Pure Nickel of February 21, 2008 Rockcliff may earn up to a 70% interest in the property. Rockcliff must pay $150,000 in incremental payments to Pure Nickel over four years and will be required to incur aggregate exploration expenditures totalling $4,000,000 over four years; $2,000,000 over two years to earn a 50% working interest and a further $2,000,000 to earn a further 20% working interest.
Ken Lapierre, P.Geo., President & CEO of Rockcliff Resources Inc., is the Qualified Person under the definition of National Instrument 43-101 is responsible for the technical information reported by Rockcliff.
Source: Pure Nickel Inc.