Sydney, Australia, Aug 17, 2011 - (ABN Newswire) - Global Nickel Investments NL (ASX:GNI.AX) is pleased to announce the commencement of drilling at its Mt. Cornell and Mt. Warren projects on the Jutson's Rocks Greenstone Belt in Western Australia.
Drilling commenced ahead of schedule on the 11th August with Quality Drilling Services from Kalgoorlie.
The current programme involves drilling of eight holes to a maximum depth of 250m. Five of the eight holes will test VTEM and follow up ground EM targets previously announced and three holes will target a copper in soil anomaly. The first hole has been completed and was drilled close to MCRC002 drilled last year which encountered anomalous copper and gold mineralisation.
A further six holes are planned to test co-incident soil copper anomalism and proximal VTEM anomalies which will require a larger drilling rig to reach the target depth of 300-350m. As previously announced, these holes will be drilled using Boart Longyear's (ASX:BLY.AX) rig once it becomes available from Ausgold's (ASX:AUC.AX) programme currently operating adjacent to GNI's Mt. Cornell tenement.
A presentation has been prepared for broker and investor meetings scheduled for this month. The presentation is available on Global Nickel's website in English and German for its increasingly diversified shareholder base.
About Global Nickel Investments NL:
Global Nickel Investments NL (ASX:GNI.AX) is a Sydney-based exploration and investment company that manages mineral and mining assets in Australia and New Zealand.
The Company's is currently developing the Jutson Rocks Gold and Nickel project and the Mt Cornell Gold and Nickel project in Western Australia. The Company is also developing the Round Hill Gold Mine and the Longwoods Tops Igneous Complex Platinum project in New Zealand.
Contact:
Andrew Mortimer Executive Director Global Nickel Investments NL Mobile: +61-433-894-923 Email: andrew.mortimer@globalnickel.com.au Ashley Hood Operations Director Global Nickel Investments NL Mobile: +61-427-268-999 Email: ashley.hood@globalnickel.com.au
Source:
Global Nickel Investments NL
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