To see the Social Media Release, click here:
http://smr.newswire.ca/en/pure-nickel/pure-nickel-releases-video-update-on-man-alaska
TORONTO, July 12 /PRNewswire-FirstCall/ - 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.
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
About Pure Nickel Inc.
----------------------
Pure Nickel Inc. is a North American mineral exploration and
development company with a premium portfolio of properties. With
outstanding scientific, exploration and management teams and strong
relationships with its joint venture partners Pure Nickel is
focused on discovery and committed to aggressive exploration
programs.
Some of the statements contained herein may be forward-looking
statements which involve known and unknown risks and uncertainties.
Without limitation, statements regarding potential mineralization
and resources, exploration results, and expectations, plans, and
objectives of Pure Nickel are forward-looking statements that
involve various risks. The following are important factors that
could cause Pure Nickel's actual results to differ materially from
those expressed or implied by such forward looking statements:
changes in the world wide price of mineral commodities, general
market conditions, risks inherent in mineral exploration, risks
associated with development, construction and mining operations,
the uncertainty of future exploration activities and cash flows,
and the uncertainty of access to additional capital. There can be
no assurance that forward-looking statements will prove to be
accurate as actual results and future events may differ materially
from those anticipated in such statements. Pure Nickel undertakes
no obligation to update such forward-looking statements if
circumstances or management's estimates or opinions should change.
The reader is cautioned not to place undue reliance on such
forward-looking statements.
The TSX Exchange does not accept responsibility for the adequacy
or accuracy of this release.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is
available at http://photos.newswire.ca. Images are free to
accredited members of the media/
SOURCE Pure Nickel Inc.
