Hard Creek Nickel intersects
20 metres of 0.24% Ni and 0.60 g/t Pt + Pd in new discovery area
Hard Creek Nickel Corp.
is pleased to provide analytical results for an additional 8 diamond drill
holes, totaling 1,888 metres (6,194 feet) from the recently completed 75 hole
drilling program at its 100% owned Turnagain Project, located 70 km (43.5 miles)
east of Dease Lake in British Columbia. Results for 35 of the drill holes
have now been released with the analytical results for the remaining 40 holes
to be reported when they are received.
Results are reported from exploration holes in the Mandible, Central
and Cliff areas. Drill hole locations can be viewed on a plan map at www.hardcreeknickel.com/plan.htm.
�Drilling of the three exploration targets this year resulted in the
discovery of a new combined PGE and nickel mineralized zone which is over two
kilometres east of the main Horsetrail deposit,� said Mark Jarvis, President
of Hard Creek Nickel. �The Cliff mineralization is very similar to the new
PGE � nickel drill intersections recently reported on ZoneNovember 27, 2007
in the Horsetrail deposit.
�We have now identified two totally separate areas which host both
nickel and platinum-palladium mineralization. The potential to include
platinum and palladium as a portion of our overall resource in two separate
areas could be very significant. Close spaced drilling will be
required during the next drill season to determine the significance and
extent of this mineralization.�
Holes 07-236, 237 and 238 were
drilled in the Cliff area, located approximately 2.5 kilometres (1.5 mile)
east of the main Horsetrail zone. A 1997 hole, located 600 metres (1,969
feet) east of hole 07-237 and oriented to test the depth extension of
net-textured sulfides located adjacent to the ultramafic-phyllite contact,
intersected 50 metres (164 feet) of elevated platinum and palladium,
including nine 2 metre (6.5 feet) long samples with greater than 500 ppb
(0.50 grams/tonne) combined platinum and palladium. Pt/Pd ratios are
consistently close to 1:1.
A number of electromagnetic
conductors, located in the southern portion of the Cliff ultramafic body,
remain untested as do several other sulfide bearing rock outcrops. To date,
only seven drill holes have tested the 0.6 by 2 kilometre (0.4 x 1.2 mile)
Cliff ultramafic body. Two holes drilled in this area in 2007 remain to be
reported.
Both holes 07-230 and 231 were
drilled in the Mandible area approximately 4 kilometres (2.5 miles) northwest
of the main Horsetrail zone. These holes tested areas of dunite where surface
sampling indicated the presence of finely disseminated pentlandite,
containing 0.1 - 0.2% nickel in sulfides.
Holes 07-233, 234 and 235 were
drilled in the Central area, located approximately 3 kilometres (1.9 mile)
northwest of the main Horsetrail zone, to test mineralized wehrlite outcrops,
the source of mineralized float and a weak airborne electromagnetic
anomaly.However, drilling indicated the diorite-granodiorite intrusion and
its peripheral dykes were more extensive than originally interpreted,
significantly reducing the volume of favourable ultramafic rocks.
The total nickel values reported in
the table below include nickel in both sulfide and non-sulfide minerals.
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Length
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Total
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Total
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Pt
|
Pd
|
Pt+Pd
|
Area
|
Hole
#
|
|
From
(m)
|
To
(m)
|
(m)
|
Ni
%
|
Co
%
|
ppb
|
ppb
|
ppb
|
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|
Cliff
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07-236
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No significant results
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|
|
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|
|
|
|
|
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|
|
|
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07-237
|
|
112
|
140
|
28
|
0.25
|
0.021
|
123
|
129
|
252
|
incl
|
112
|
124
|
12
|
0.25
|
0.015
|
170
|
170
|
340
|
|
148
|
168
|
20
|
0.24
|
0.015
|
284
|
316
|
600
|
|
204
|
216
|
12
|
0.21
|
0.014
|
332
|
297
|
629
|
incl
|
204
|
208
|
4
|
0.20
|
0.014
|
611
|
591
|
1202
|
|
|
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|
|
|
|
|
|
07-238
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|
6.5
|
16
|
9.5
|
0.17
|
0.014
|
123
|
175
|
298
|
|
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Central
|
07-233
|
No significant results
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|
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|
|
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|
|
|
|
|
|
|
|
07-234
|
|
48
|
60
|
12
|
0.23
|
0.011
|
|
|
|
|
|
|
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07-235
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No significant results
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|
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Mandible
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07-230
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No significant results
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07-231
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No significant results
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Given the limited amount of drilling in these
exploration areas, the true widths are not known, however they have been
estimated to be approximately 80 percent of reported core intervals. Samples
for analysis were generally 4 metres in length of split NQ-size
core.Reference pulps with known nickel, copper, platinum and palladium values
were inserted every 25 core samples and rock blanks inserted every 30 samples
to monitor laboratory performance as part of the QC/QA program.
Total nickel and cobalt values were determined
by ICP emission spectrometry following four acid digestion of a
representative pulp sample. Platinum and palladium values were determined by
ICP emission spectrometry following lead-collection fire assay fusion of a 30
gram pulp. All analytical work was conducted by Acme Analytical Laboratories
Ltd., an ISO 9001 registered facility, located in Vancouver. IPL, an ISO 9001
registered facility, also located in Vancouver, is carrying out check
analyses on ten percent of the samples.
The Turnagain Nickel Project resource has been
recently estimated (see December 10, 2007 News Release for details) with the
measured and indicated resource estimated at 489 million tonnes grading 0.22%
total nickel (0.16% nickel in sulfides) and 0.012% cobalt and an additional
inferred resource of 560 million tonnes grading 0.20% total nickel (0.15%
nickel in sulfides) and 0.011% cobalt. The sulfide nickel and cobalt grades
are based on an analytical procedure employed by Acme Laboratories that
consists of a concentrated hydrogen peroxide plus ammonium acetate leaching
solution that is believed to be selective at dissolving nickel and cobalt
from sulfide mineral species while leaving the nickel and cobalt in silicates
undissolved. As a precautionary step all the sulfide nickel grades were
assigned a value of zero if the corresponding sulphur assay was less than
0.2% S. Sulphur assays were based on Leco furnace method except for results
obtained in 2006 which were ICP analysis. This precaution may cause an underestimation
of the nickel resource and could be large enough to be a material impact.
However, this approach limits the possibility that an overestimation of the
nickel resource has occurred. Mineral resources that are not mineral reserves
do not have demonstrated economic viability.
This news release has been reviewed
and approved by Neil Froc, P.Eng., a qualified person consistent with NI
43-101.�
On behalf of the Board of Directors
of Hard Creek Nickel Corporation
�MARK JARVIS�
MARK JARVIS, President
The TSX Venture Exchange
does not accept responsibility for the accuracy or adequacy of this news
release.
1060 � 1090 W. Georgia St.,
Vancouver, BC, Canada V6E 3V7
T: 604-681-2300 F: 604-681-2310
E: info@hardcreek.com W: http://www.hardcreeknickel.com
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