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Pacific Coast Nickel
Pacific Coast Nickel

 

ENCOURAGING RESULTS FROM FIVE NEW NICKEL PROJECTS IN URUGUAY

Vancouver, BC, April 7, 2009 - Pacific Coast Nickel Corporation (TSX-V: NKL) is pleased to announce that initial prospecting has been successful on the Company's five new nickel-copper sulphide projects in Uruguay. Significant zones of mafic-ultramafic rock types have been found to contain either geochemical anomalies or visible sulphide mineralization. Pacific Coast Nickel is highly encouraged by these preliminary results and plans a second phase of exploration on the identified targets.

Pacific Coast Nickel geologists focused on these 5 projects after a program of country-wide targeting, followed by field reconnaissance, in 2008. Regional focus was on steep crustal-penetrating structural zones marginal to Precambrian cratonic blocks, with sulfidic metasedimentary cover rocks, and in some cases historically-reported ultramafic rocks, present. Multi-element Ni-Cu-Cr-Co anomalies in historical regional geochemical data led the Company's geologists to identify prospective ultramafic-mafic intrusive suites in all 5 of the projects, which are held as Prospection Permits.

Exploration work carried out by Pacific Coast Nickel in late 2008 on the Cerro Chato Permit has outlined two prospective areas (2 km by 1.5 km and 1 km by 1.75 km) as defined by the presence of mafic-ultramafic lithologies, ground magnetic survey responses and coincident anomalous geochemical results.

Maps plotting the Cerro Chato results are available on the Company's website at www.pacificcoastnickel.com.

On the eastern portion of the Molles North Permit, mafic-ultramafic intrusions up to 3 km in length and greater than 0.5 km in width have been identified. Disseminated magmatic sulphides have been observed with some of the mafic lithologies.

The presence of ultramafic-mafic intrusions have been confirmed on the Quebracho & Polanco Permits.

Jim Walchuck, President and CEO of Pacific Coast Nickel, noted "Our cost effective Uruguay initiative has indicated excellent exploration potential on our permits. I am particularly pleased by the size of the anomalous zones identified to date."

Project Background

Pacific Coast Nickel Corporation was granted First Administrative Rights over five Prospection Permits in Uruguay for nickel-copper sulfide exploration in late 2008-early 2009. These comprise the Cerro Chato (3,176-hectares), Molles North (4,283-ha), Molles South (200-ha), Quebracho (8,502-ha) and Polanco (12,000-ha) Prospection Permits that encompass a total area of 28,161 Ha, or 282 square kilometres. Uruguay is an excellent country in which to explore for minerals, as its economy is performing well, infrastructure is first-rate and mining legislation is modern, with full participation available for foreign investors.

The data contained in this news release was prepared under the supervision of Murray McClaren, PGeo, a qualified person as defined by National Instrument 43-101. Rock-chip and stream-sediment samples were processed by SGS Laboratories in Argentina.

Maps plotting results from the Cerro Chato Project are available on the Company's website at www.pacificcoastnickel.com

For further information please visit the Company's website www.pacificcoastnickel.com Further information is available at www.sedar.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

 

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