VanEck Vectors Global Alternative Energy ETF

Published : July 25th, 2007

Third Drill Rig Arrives at Hard Creek Nickel Property

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July 25, 2007

Trading Symbol: TSX.V-HNC

 

Third Drill Rig Arrives at Hard Creek Property

(VANCOUVER) - Hard Creek Nickel Corp. is pleased to provide this update on the 2007 drilling program currently in progress on its 100% owned Turnagain Nickel property, located 70km east of Dease Lake, in northern British Columbia.

A third drill rig has arrived on site to test new exploration targets identified as a result of detailed field exploration programs conducted in 2005 and 2006. The rig is a helicopter-portable LF70 unit capable of drilling over 300m (984 feet).

The three main exploration target areas being drilled have been labeled from west to east as the Mandible, Central and the Cliff Areas. None of these areas are presently accessible by either an access road or an excavator trail.

The Mandible Area is located 4.5km (2.8 miles) northwest of the Horsetrail deposit near the northwest edge of the Turnagain ultramafic complex. Approximately thirty grab and chip samples have been collected from dunite outcrops over a 1.5km (0.9 mile) strike length with the sulfide nickel content ranging from 0.048% to 0.262% Ni. Pentlandite was identified often as the most abundant sulfide present. Three holes up to 300m (984 feet) deep are planned as an initial test in this area.

The Central Area extends 1.5km (0.9 mile) east from the Mandible target and includes a number of soil anomalies and mineralized outcrops. Chip samples analyzed up to 0.70% sulfide nickel and 0.76 g/t combined platinum and palladium across 1.0m (3.3 feet) and grab samples from boulders returned up to 1.89% sulfide nickel and 3.16 g/t combined platinum and palladium. Five holes are presently proposed to test beneath mineralized bedrock exposures, soil anomalies and a weak airborne electromagnetic anomaly.

The Cliff Area is a 2km (1.2 mile) long segment of ultramafic rocks, located 1.5 to 3km (0.9 to 1.9 mile) northeast of the Horsetrail deposit and separated from the main Turnagain ultramafic complex by a narrow band of nickel-barren phyllite. A historical drill hole extending beneath one of the Cliff rock outcrops in 1997 intersected 20m (65.6 feet) of 0.30% nickel total, 0.61 g/t combined platinum and palladium and 0.13% copper but was never followed up. The initial exploration drilling will target several airborne electromagnetic conductors and evaluate the extent of two rock outcrops identified as containing net-textured sulfides located adjacent to the serpentinized margins of the ultramafic rocks. Similar conductors in the Horsetrail deposit were produced by semi-massive pyrrhotite, net-textured pyrrhotite-pentlandite and graphite seams within the large volume of intercumulus sulfide mineralization. Several proposed holes will be drilled deep enough to evaluate the base of the ultramafic for sulfide accumulations.

As an update to the present drilling program, two skid mounted drills have completed 14 holes for 5,000m (16,404 feet) in the area of the Horsetrail deposit. Most of these holes were designed as infill drilling to confirm the resource model and upgrade inferred resource to indicated and measured resource category. Analytical samples are being processed by Acme Laboratory in Smithers, BC and Vancouver, BC and results will be reported when available. All the 2007 drill hole collar locations are shown on Hard Creek's web site at www.hardcreek.com.

One of the first two drill rigs has now commenced a 15 hole program of infill and step out drilling in the Northwest deposit, located 1.0km (0.6 mile) northwest of the Horsetrail deposit. The second of the first two rigs is drilling exploration holes in an overburden covered area between the Horsetrail deposit and the original Discovery showing. Subsequently, it will be moved to test for extensions to the Duffy Area mineralization.

In addition to the resource and exploration drilling program, five drill sites are being prepared in the Horsetrail and Northwest areas for the collection of approximately 1000kg (2205 lbs) of PQ-sized (2.5 inch diameter) drill core to be utilized for a variety of crushing, grinding and abrasion testwork.

This press release has been reviewed and approved by Neil Froc, P. Eng, a Qualified Person consistent with NI 43-101.

 

�NEIL FROC�

Neil Froc

Executive Vice President

Hard Creek Nickel Corporation


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

 


 

VanEck Vectors Global Alternative Energy ETF

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CODE : HNC.TO
ISIN : CA4116371010
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Hard Creek is a nickel exploration company based in Canada.

Hard Creek develops nickel and cobalt in Canada, and holds various exploration projects in Canada.

Its main asset in development is TURNAGAIN in Canada.

Hard Creek is listed in Canada, in Germany and in United States of America. Its market capitalisation is 948 844 as of today (US$ 840 960, € 659 145).

Its stock quote reached its highest recent level on January 11, 2008 at 0.98, and its lowest recent point on October 17, 2014 at 0.02.

Hard Creek has 47 442 200 shares outstanding.

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7/25/2007(Turnagain)Third Drill Rig Arrives at Hard Creek Nickel Property
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9/16/2009NORTHWEST TRANSMISSION LINE NEWS
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4/18/2008Northwest Power Line Preliminary Findings Released
3/31/2008Northwest Power Line Study to Dease Lake Announced
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2/29/2008 Drills 64 Metres of 0.47% Nickel
2/12/2008President's Letter to Shareholders
12/19/200720 metres of 0.24% Ni and 0.60 g/t Pt + Pd intersected in ne...
8/23/2007Files Reports in U.S.
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