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Hard Creek Nickel Corp. (TSX - HNC) is developing its core asset, the Turnagain project, a giant disseminated nickel-sulphide deposit located in north central British Columbia, Canada. An NI 43-101 compliant mineral resource estimate completed by AMEC Americas Limited in June, 2008 calculated Measured & Indicated resources 695,012,000 million tonnes grading 0.216 total Ni, and 0.014 Cobalt, plus an additional 510,818,000 million tonnes grading 0.199 total Ni, 0.014 Cobalt in the inferred resource category. A Preliminary Assessment completed in December, 2007 contemplates a 50,000 tonne per day mill throughput and a strip ratio of 0.44 to 1. The project would produce an average of 20,397 tonnes per year of nickel and 1,301 tonnes per year of cobalt in hydroxide for 29 years. Current work programs include metallurgical and engineering studies and baseline environmental studies.
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Disclaimer - This document includes the use of inferred resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. The noted assessment results are preliminary in nature and there is no assurance the mining scenarios outlined would ever be realized. This document 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 do 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 document contains "forward looking statements" which are subject to risks, both known and unknown, which may affect the outcome of such forward looking statements. Known risks include, but are not limited to, financing risks, commodity price risks, scheduling risks and engineering risks. |
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