Pure Nickel Inc.
(PublicWire.com Press Release)Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) today issued a Social Media Release through Canada News Wire, which includes a video on Pure Nickel’s major exploration project, MAN, Alaska.
Two drills are currently operating with the 2010 summer drilling program expected to complete approximately 8,000 metres. Additional geophysical surveys are being conducted simultaneously and are being used to further define target selection.
The property is currently under a joint venture agreement with ITOCHU Corporation of Tokyo. On March 25, 2010 ITOCHU exercised its right to vest a 30% interest in the property in consideration for having funded US $6.5 million on exploration over the past two years, committing to a US $7.5 million budget for 2010, and paying a US $500,000 vesting fee.
To see Pure Nickel’s video on the MAN property click here: http://www.youtube.com/watch?v=OA4DobC1Rbg
PNCKF.OB, PNCKF.OTCBB, PNCKF
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