The Property
MAN Property Map
- Large project area, over 70,000 hectares of land
- Excellent Infrastructure
- Readily accessible from two major highways
- Boarders the Alaskan Pipeline
- Located 400 km NE of Anchorage and 265 km SE of Fairbanks
- Widespread high-grade nickel-copper-platinum group elements (Ni-Cu-PGE) showing up to 15.4% Ni, 7.19%Cu, 170g/t PGE+Au+Ag
- Partnered with ITOCHU Corporation of Japan
ITOCHU partnership
ITOCHU is a large multi billion dollar Japanese conglomerate headquartered in Tokyo, Japan
- Itochu has the option to earn up to 75% interest in property by expending $40 million (USD) in development over 7 years
- Earn in option includes:
- Earn 20% interest by investing $10 million by 2009
- Earn 60% interest by investing additional $23.5 million by 2013
- Earn 75% interest by investing additional $10 by 2014
- Pure Nickel remains operator over vesting period with a 10% management fee
The photograph above shows some of the outcroppings on the property
Exploration
MAN Claim Map
- Exploration of the property began in the 1990s
- Pure Nickel has operated exploration programs over the past three summer seasons with our most in-depth program completed in September 2009.
- Extensive geophysical work and drilling were conducted in 2009 including
- 2672 line kilometre ZTEM survey (Z axis Tipper Electromagnetic system) -- superior exploration depth
- A new ground time EM system (full waveform streaming multisensory fluxgate array), which has the ability to collect low-noise late time data under challenging conditions and identify electromagnetic anomalies at greater than 800 metres depth.
- 4200 metres were drilled, including one hole which was drilled to a depth of 1066 metres.
Photograph of 2009 Drill program
