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Message: Drills 184 Metres of 0.32% Ni in Horizontal Hole (Starter Pit)
| November 26, 2008 | |
| Hard Creek Nickel Drills 184 Metres of 0.32% Ni in Horizontal Hole | |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Hard Creek Nickel Corporation (the "Company") (TSX VENTURE:HNC) is pleased to provide analytical results for the final 11 diamond drill holes, totaling 3,024.5 metres (9,923 feet) from the 2008 drilling program at its 100% owned Turnagain Project, located 70 km (43.5 miles) east of Dease Lake in British Columbia. Drill hole locations can be viewed on a plan map at: www.hardcreeknickel.com/images-news/... "Drill hole 08-264 proved to be a very valuable hole for us," said Mark Jarvis, President of Hard Creek Nickel. "The hole was drilled from an outcrop exposure at a near horizontal angle of -5 degrees to the north directly into our proposed starter pit area. Its purpose was to validate our deposit model and to identify an adequate location for a possible adit. The hole confirmed our geological model and confirmed that, when we decide to collect a bulk sample by driving an adit at that location, the bulk sample will be typical of the starter pit." Nine of the reported core holes were drilled as in-fill holes, located within the main Horsetrail Deposit to increase the confidence level of the resource categorization in the vicinity of the proposed starter pit and two were drilled for geotechnical investigative purposes (Holes 08-262 and 263). Hole 08-262 was drilled exclusively in overburden for groundwater monitoring purposes. These holes are summarized in the table listed below. The total nickel values reported in the table below include nickel in both sulphide and non-sulphide minerals. Length Total Total
Hole# From (m) To (m) (m) Ni % Co %
08-254 28 40 12 0.26 0.018
104 116 12 0.23 0.014
224 248 24 0.26 0.016
256 318.5 EOH 62.5 0.30 0.017
08-255 6.5 22 15.5 0.22 0.012
110 126 16 0.26 0.015
138 154 16 0.25 0.015
170 190 20 0.23 0.013
214 282 68 0.48 0.020
incl. 218 246 28 0.66 0.023
08-256 40 64 24 0.26 0.014
132 148 16 0.26 0.012
188 236 48 0.40 0.025
incl. 196 200 4 1.12 0.071
252 276 24 0.25 0.016
288 312 24 0.35 0.018
08-257 5.6 36 30.4 0.23 0.013
48 84 36 0.24 0.014
92 136 44 0.25 0.016
180 204 24 0.29 0.015
08-258 56 68 12 0.27 0.019
112 154.4 42.4 0.50 0.021
incl. 128 132 4 1.08 0.034
160 180 20 0.24 0.013
08-259 24 38.5 14.5 0.27 0.012
48 80 32 0.26 0.012
136 220 84 0.33 0.017
incl. 164 184 20 0.54 0.019
228 240 12 0.26 0.024
288 300.8 EOH 12.8 0.26 0.018
08-260 8 80 72 0.28 0.017
incl. 44 64 20 0.39 0.026
88 108 20 0.30 0.021
132 144 12 0.28 0.016
156 176 20 0.33 0.025
264 333.7 EOH 69.7 0.25 0.016
08-261 80 96 16 0.25 0.012
164 196 32 0.30 0.018
208 272 64 0.31 0.016
incl. 220 236 16 0.41 0.023
284 296 12 0.29 0.018
328 419.1 EOH 91.1 0.32 0.019
incl. 332 344 12 0.43 0.020
incl. 364 376 12 0.44 0.022
08-262 Geotech hole - no significant results
(overburden only)
08-263 Geotech hole - no significant results
08-264 24 208 184 0.32 0.017
incl. 64 100 36 0.47 0.021
incl. 168 180 12 0.42 0.015
Samples for analysis were generally 4 metres in length of split NQ-size core (Geotech hole 08-263 was HQ-size core). Reference pulps with known nickel and copper 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. 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 June 16, 2008 News Release for details) with a measured and indicated resource of 576 million tonnes grading 0.219% total nickel (0.162% nickel in sulphides) and 0.010% cobalt and an additional inferred resource of 545 million tonnes grading 0.204% total nickel (0.154% nickel in sulphides) and 0.011% cobalt. The sulphide nickel and cobalt grades are based on an analytical procedure employed by Acme Laboratories that consists of a concentrated hydrogen peroxide plus ammonium citrate leaching solution that is believed to be selective at dissolving nickel and cobalt from sulphide mineral species while leaving the nickel and cobalt in silicates undissolved. As a precautionary step all the sulphide nickel grades were assigned a value of zero if the corresponding sulfur assay was less than 0.2% S. Sulfur assays were based on Leco furnace method except for results obtained in 2006 which were ICP analyses. 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. The mineral resources of the Turnagain deposit were classified in accordance with CIM Definition Standards and Best Practices referred to in NI 43-101 which have a reasonable expectation of economic extraction. The mineralization satisfies criteria to be classified into Measured, Indicated and Inferred mineral resource categories. This news release has been reviewed and approved by Neil Froc, P.Eng., a qualified person consistent with NI 43-101. It uses the terms "measured" "indicated" and "inferred" 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 will ever be converted to reserves. On behalf of the Board of Directors of Hard Creek Nickel Corporation MARK JARVIS, President |
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