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), has announced that the preliminary drilling has continued to intersect high grade copper-gold mineralization.
The Tower Zone remains open in all directions and has been intersected by widely spaced (100-200m drill centers) drill holes over a strike length of 800m and to a vertical depth of almost 500m.
High grade results from holes 4 and 5 are highlighted below.
- 7.0% copper, 2.0g/t gold, 1.3% zinc and 32.2g/t silver across 2.65m including
11.5% copper, 2.7g/t gold, 2.0% zinc and 49.7 silver across 1.00m (hole 4);
- 3.3% copper, 0.3g/t gold, 0.8% zinc and 17.6g/t silver across 7.45m including
9.8% copper, 0.9g/t gold, 2.2% zinc and 51.5g/t silver across 2.4m (hole 5);
As reported by Rockcliff, the geophysical bore hole surveys have clearly identified a significant untested area of high conductance representing massive sulphides along strike and at depth to the existing high grade copper-gold drill intercepts.
Under the terms of the Option Agreement with Pure Nickel of February 21, 2008, Rockcliff can 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.