Hard Creek Begins 2008 Field Season at Turnagain
2008年6月6日 - 1:36AM
Marketwired
VANCOUVER, BRITISH COLUMBIA announced today that crews have been
mobilized to site to continue with development and exploration
activities for the 2008 field season of the Company's 100% owned
Turnagain Project, located 70 km east of Dease Lake in Northern
British Columbia. A total of 5,830 metres of drilling is planned in
27 holes with the first hole scheduled to start on Monday, June 9,
2008.
"Our drill program this year has been designed to achieve two
separate goals," said Mr. Jarvis. "First, seventy five percent of
our holes will be infill holes designed to increase the confidence
level of the higher grade nickel resource in the projected starter
pit area of the Horsetrail deposit. Moving a significant portion of
these blocks from an indicated to a measured resource category
would increase the certainty of being able to attain projected
grades during the early life of the mine. Effectively, we are
reducing an important element of the project risk."
"The second area of focus will be in identifying the potential
of the Cliff zone to add a platinum-palladium component to our mine
development plan," continued Mr. Jarvis. "Last field season we
drilled long intercepts with nickel grades similar to the
Horsetrail deposit in the Cliff zone but with much higher platinum
and palladium values than characteristic of the Horstrail (see
Press Release Dec. 19, 2007). Our drill program this year is
designed to methodically test this new area for continuity to
evaluate whether we can develop a meaningful tonnage of this type
of material."
"At this time we are not focusing on adding any further
resources in the immediate area of the Horsetrail Deposit. Our past
drilling programs have already identified one of the largest
undeveloped sulphide deposits in the world with an estimated mine
life of 29 years (see Press Release Dec. 10, 2007). Given that the
Horsetrail Deposit is still open to the northeast we are very
confident that more step-out drilling could easily add several more
years of mine life to the Turnagain Project."
This press release uses the terms "measured" and "indicated"
resources. We advise U.S. investors that while those terms are
recognized and required by Canadian regulations, the U.S.
Securities and Exchange Commission does not recognize them. U.S.
investors are cautioned not to assume that any part or all of
mineral deposits in these categories would ever be converted to
reserves.
This press release contains "forward looking statements". Such
forward-looking statements involve a number of known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the company's plans to
materially differ from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Known risks include, but are not limited to, financing
risks, commodity price risks, scheduling risks and engineering
risks. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statements were made, and readers are advised to consider such
forward-looking statements in light of the risks set forth in the
company's continuous disclosure filings as found at
www.sedar.com.
This news release has been reviewed and approved by Neil Froc,
P. Eng, a Qualified Person consistent with NI 43-101.
MARK JARVIS, President
HARD CREEK NICKEL CORPORATION
The TSX Venture Exchange does not accept responsibility for the
accuracy or adequacy of this news release.
Contacts: Hard Creek Nickel Corporation Mark Jarvis President
(604) 681-2300 (604) 681-2310 (FAX) Email: info@hardcreek.com
Website: www.hardcreeknickel.com
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