Pure Nickel announces new zone On William Lake property

Pure Nickel Inc. announces the discovery of a significant new mineralized zone concurrent with the release of its final assay results on its winter drill program at its William Lake Property located in the southern portion of the Thompson Nickel Belt, Central Manitoba.

The most significant hole in the new zone (56 N) was drill hole WL-08-PNI-360b which intersected a sulphidic iron formation having numerous massive sulphide intervals (>75% sulphides) from 402 to 426 m interval.

The massive sulphide intervals returned Ni contents ranging from 0.87% to 1.62%, with an average Ni/Cu ratio of 11.8 (unique geochemical signature to Thompson ore deposits).

In addition a massive sulphidic iron formation was intersected in WL-08-PNI-363 eighty (80) metres to the south of 360b, and returned Ni concentrations ranging from 0.28% to 1.31% with Ni/Cu ratios varying from 3.8 to 10.8 with the higher ratios being more proximal to the overlying ultramafic body.

Highlights of the program include:

Hole 360b (56 N) returned 12.15 m of 0.91% Ni, including 7.38 m 1.12% Ni including 3 m of 1.45% Ni.

Hole 359 (W 21) 171.8 m of 0.45% Ni, including 4.96 m of 0.72% Ni.

For the first time in the William Lake Trend nickel mineralization was discovered comparable to the styles of mineralization and stratigraphic thicknesses typical to the Thompson Nickel Belt.

Phillip Mudry, Chief Exploration Consultant to Pure Nickel, said we believe we are on the cusp of a significant new nickel zone.

This discovery has the potential to be sizeable as our VTEM survey indicates that there are over 700 meters of strike length of this anomaly untested to the north of drill hole 360b, concluded Mr. Mudry.