Hard Creek Nickel Corp.
Hard Creek Nickel Corp.: Hard Creek drills 120 metres of 0.33% nickel
Hard Creek Nickel Corp. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- 26. September 2007 Handelssymbol: TSX.V – HNC (Vancouver, B.C.) – Mark Jarvis, President of Hard Creek Nickel Corporation today released analytical results from 11 diamond drill holes, totaling 4,478 metres (14,692 feet) from the ongoing drill program at its 100% owned Turnagain Project, located 70 km east of Dease Lake in British Columbia. Mineralization was encountered in all the holes and comprised disseminated to blebby intercumulus pyrrhotite and pentlandite, with local net-textured intervals, hosted by dunite and wehrlite of the Turnagain ultramafic complex. The total nickel values reported below include nickel in both sulfide and non-sulfide minerals. Comparison of analytical results over the past four years indicates that sulfide nickel values range from 60 to 90 percent of total nickel values. Only nickel sulfide minerals are expected to be recovered by froth flotation. Drill hole locations can be viewed on a plan map at www.hardcreeknickel.com/drill2007.htm. Five of the reported core holes were drilled as infill holes, both between the Horsetrail and Northwest Zones and within these zones, to confirm the continuity of the mineralization within the inferred mineral resource. These holes are summarized below: The original spreadsheet can be viewed at www.hardcreeknickel.com Länge Total Loch # Von (m) Bis (m) (m) Ni % Co % Length Total Hole # From (m) To (m) (m) Ni % Co % 07-184 3.7 28 24.3 0.23 0.017 60 92 32 0.29 0.015 352 368 16 0.27 0.016 380 537.9 EOH 157.9 0.25 0.016 07-186 20 36 16 0.22 0.013 52 268 216 0.27 0.013 300 324 24 0.25 0.014 07-190 8 20 12 0.24 0.014 28 44 16 0.22 0.014 07-192 3.7 152 148.3 0.25 0.012 164 264 100 0.25 0.014 07-195 6 94 88 0.27 0.014 114 126 12 0.26 0.011 174 198 24 0.21 0.013 214 306 92 0.30 0.014 406 422 16 0.22 0.010 Five of the reported core holes were drilled as step-out holes, located to the east, southwest and south of the Horsetrail Deposit to test for extensions to the known nickel mineralization. These holes are summarized below: Length Total Hole # From (m) To (m) (m) Ni % Co % * 05-103 (previously reported) 6.5 12 5.5 0.36 0.017 16 26 10 0.31 0.016 84 145.6 61.6 0.26 0.017 incl. 112.9 123 10.1 0.47 0.013 07-103 (extension of 05-103) 233 281 48 0.24 0.012 07-185 64 84 20 0.28 0.014 104 124 20 0.26 0.014 192 208 16 0.23 0.013 252 280 28 0.21 0.018 424 436 12 0.21 0.012 07-187 33.3 52 18.7 0.23 0.014 84 108 24 0.23 0.013 192 212 20 0.21 0.013 228 312 84 0.22 0.012 404 428 24 0.35 0.045 07-189 32 56 24 0.24 0.014 76 92 16 0.29 0.015 120 132 12 0.31 0.016 156 200 44 0.25 0.014 240 256 16 0.21 0.010 296 360 64 0.24 0.017 07-191 12.2 56 43.8 0.24 0.013 72 100 28 0.23 0.013 136 164 28 0.21 0.011 224 244 20 0.24 0.018 300 420.3 EOH 120.3 0.33 0.022 One of the reported core holes was drilled as a step-out hole to the northeast of the Duffy Zone to test for extensions to known nickel mineralization. This hole is summarized below: Length Total Hole # From (m) To (m) (m) Ni % Co % 07-194 92 132 40 0.25 0.014 144 188 44 0.21 0.011 324 340 16 0.25 0.012 Hard Creek Nickel has decided to update the February 12, 2007 resource estimate prior to the completion of the 2007 drilling program by incorporating all 2007 drill results collected to date. The new resource estimate will be completed by AMEC Americas Limited of Vancouver, B.C. and utilized for updating the 2006 Preliminary Assessment. The completion of the updated Preliminary Assessment is scheduled for November 2007. True widths are 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 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, copper, cobalt and sulphur 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 estimated in early 2007 (see February 12, 2007 News Release for details) at a measured and indicated resource of 428.5 million tonnes grading 0.23% total nickel (0.17% sulfide nickel) and 0.011% cobalt and an additional inferred resource of 742.9 million tonnes grading 0.23% total nickel (0.17% sulfide nickel) and 0.011% cobalt. Sulfide nickel grades are based on ammonium citrate-hydrogen peroxide leach analyses. Ammonium citrate-hydrogen peroxide leach analyses for nickel provide a good estimate of nickel grades present in sulfide form and display good correlation with recoveries in metallurgical flotation tests.Mineral resources that are not mineral reserves do not have demonstrated economic viability. The current drill program is expected to continue, weather permitting, into early November. A helicopter-supported drill has completed exploration holes in the Mandible and Central areas with results pending. This drill is still on site and is presently testing a number of targets in the Cliff area, as detailed in the July 25, 2007 News Release. One Longyear 38 drill has completed three holes in the DB platinum- palladium target area, located two kilometers west of the Northwest Zone. An additional two or three holes are planned in the DB area before this drill moves back to the Northwest Zone to complete infill and step-out holes. Infill and step-out drilling is continuing in the Horsetrail Deposit with a third drill. The fourth drill has completed the first of four PQ-size holes in the Horsetrail Deposit. Core from these holes will be used for a variety of crushing, grinding and abrasion tests. On behalf of the Board of Directors of Hard Creek Nickel Corporation 'MARK JARVIS' MARK JARVIS, Präsident Contact Germany Value Relations GmbH Gartenstrasse 46 60596 Frankfurt Tel:+49(69)9592460 26.09.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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