Hard Creek Drills 0.70% Nickel with 0.48 g/t Pt+Pd Over 8.0 Metres

Wed Nov 28, 2007 4:10pm EST
 
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VANCOUVER, BRITISH COLUMBIA, Nov 28 (MARKET WIRE) -- Hard Creek Nickel Corp. (TSX VENTURE: HNC) is pleased to provide analytical results for an additional 8 diamond drill holes (DDH), totaling 2020 metres (6,627 feet) from the recently completed 75 hole drilling program at its 100% owned Turnagain Project, located 70km east of Dease Lake in British Columbia. Results for 27 of the drill holes have now been released with the analytical results for the remaining 48 holes to be reported when they are received.

Results are reported from five complete and one partial hole in the Northwest zone and from two holes in the Duffy zone area. Drill hole locations can be viewed on the attached map.

"Although the holes in the vicinity of the Duffy zone were not encouraging, the holes in the Northwest zone returned some very pleasant surprises," said Mark Jarvis, President of Hard Creek Nickel. "The platinum-palladium values were well above what was anticipated within sections of drill core above 0.50% total nickel. This is significant because this is the first time we have encountered this relationship within drill core on the property."

"These results open up the potential for developing areas within the Horsetrail deposit which host both nickel and platinum-palladium mineralization," said Mr. Jarvis. "The potential to include platinum and palladium as a portion of our overall resource could be significant. Close spaced drilling will be required during the next drill season to determine the significance and extent of this mineralization."

Holes 07-196, 197 and 198 were drilled as step-out holes along the western and southwestern margins of the Northwest zone mineralization where the favourable dunite-wehrlite lithology is becoming diluted by dykes, hornfels and pyroxenite. Although nickel mineralization is generally weaker than in the core of the Northwest zone, hole 07-197 contained a 32m interval averaging 0.29 percent total nickel, suggesting a possible extension to the west.

Holes 07-199, 202 and 205 were drilled towards the centre of the Northwest zone to confirm the continuity of the mineralization at depth to the north and to test zones of inferred mineral resource. These holes encountered both higher grade nickel mineralization and two intervals of significant platinum-palladium mineralization. Hole 07-199 was terminated in mineralization grading 0.56 percent total nickel and 689ppb (0.69 grams/tonne) combined platinum and palladium. Hole 07-205 intersected an 8m interval averaging 0.70 percent nickel and 475 ppb (0.48 grams/tonne) combined platinum and palladium. Results are pending for the bottom 290 metres of this hole and an additional six holes drilled in the Northwest Zone.

Both holes 07-168 and 07-200 drilled along the southern margin of the Duffy area encountered thick intervals of dunite without significant mineralization.

The total nickel values reported in the table below include nickel in both sulfide and non-sulfide minerals.

DDHs 07-196, 197 and 198 were drilled as step-out holes and 07-199, 202 and 205 were drilled as infill holes within the Northwest zone of the Horsetrail deposit:

From To Length Total Total Pt Pd Pt+Pd Hole # (m) (m) (m) Ni % Co % ppb ppb ppb 07-196 7.4 32 24.6 0.27 0.012

80 92 12 0.22 0.012

104 120 16 0.21 0.012

168 184 16 0.23 0.013 07-197 168 200 32 0.29 0.013 07-198 No significant results 07-199 136 168 32 0.25 0.013

212 240 28 0.34 0.017

248 276 28 0.25 0.014

292 340 48 0.29 0.013   Continued...

 

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