First Nickel Inc. FNKLF

RE: no news............

[crackiedog]

Drilling still ongoing. Looks like their current program at Lockerby will continue until the summer. From Feb. 26th news release: TORONTO, ONTARIO--(CCNMatthews - Feb. 26, 2007) - First Nickel Inc. (TSX: FNI.TO) reports additional high grade nickel-copper results on the first nine holes from the second stage of a drill program on the Lockerby Depth Zone. Examples selected from the drill results include FNI6377 which intersected a core length of 69.60 metres grading 2.35% Ni and 1.22% Cu including 28.10 metres grading 3.56% Ni and 1.28% Cu, and FNI6376 which intersected a core length of 65.95 metres of 2.06% Ni and 1.40% Cu including 22.75 metres grading 3.89% Ni and 1.77% Cu. Assay results for all 9 holes are summarized in the following table and the spatial distribution of drill intercepts is illustrated in Figure 1. All assay intervals reported are core length and do not represent true widths (defined as being measured at right angles to the direction of extension of the sulphide body). These drill results are not included in the upcoming NI 43-101 compliant resource estimate, however, they will be included in later resource/reserve estimates. This drill program is designed to infill gaps within the deposit model between the 67 and 72 levels, and is expected to be completed by early summer.