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Pure Nickel Inc.
Summary
| Project: | Neal | |
|---|---|---|
| Deposit: | Neal | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 5/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-5-2019: Pure Nickel Inc. announces a Supporting Acquisition report for its Neal deposit at the Neal project. Technical report summarising property in support of acquisition. Pure Nickel Inc. (“NIC” or the “Company”) is a publicly traded Canadian compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Thomas Chadwick (Independent) | |
| ABSTRACT: | Pure Nickel Inc. (“NIC” or the “Company”) is a publicly traded Canadian company focused on the discovery and acquisition of precious metal exploration and development properties in the western US, Canada and Mexico. On May 13, 2019 NIC announced the signing of a definitive agreement with Sprott Mining to become the 51% controlling and operating partner in the Neal Project. The Company has retained Thomas H. Chadwick, a Montana-based US consulting geologist and Qualified Person, to prepare an exploration-level NI 43-101 technical report on the Neal Mine Property (“Neal” or the “Project”) in Elmore County, Idaho, USA. Neal is a past-producing underground gold mine property that has also seen limited stockpile bulk sampling from a recent large open cut near the middle of the vein system. This report presents work obtained from historic exploration and development files held by Neal Development dating from 1983-2016. This report has been prepared in accordance with requirements and guidelines set forth under Canadian National Instrument 43-101 (“NI 43-101”) Standards of Disclosure for Mineral Projects, its Companion Policy 43-101CP, and Form 43-101F1. Only data and information available prior to the report’s effective date of May 15, 2019 was used. 1.1 Property Description and Ownership The Neal Project is located in southern Idaho’s Elmore County just 17 air miles southeast of Boise, Idaho. The center of the recent Neal open cut test mine is located at latitude 43o , 31’ north and longitude 115o , 55’ west. In the project’s NAD83 Idaho State Plane (West) survey feet base, the center of the open cut is located at: 2578959E and 671411N. | |
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