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Nanika Adds More Property at Red Cliff
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September 25, 2009 Nanika Resources Inc. (TSXV-NKA and FSE-C7X) is
pleased to announce it has entered into an agreement to purchase an
additional 13 mineral claims located in the Stewart Mining Camp.
These claims are in addition to the acquisition of claims that were
announced by Nanika by news release on September 18, 2009 and on
September 24, 2009. (available at http://www.nanikaresources.com).
The claims consist of 803 acres that are directly adjacent to or are
within approximately 400 meters of the Decade Resources Inc. - Red
Cliff Project.
By news release on September 14, 2009 Decade Resources Inc. announced
drilling results of 28.4 meters of 7.3 grams per tonne of gold,
including 3.66 meters of 24.05 grams per tonne of gold at the Red Cliff
Project.
Nanika has agreed to pay $60,000 and issue 200,000 shares in
consideration for 100% of the 13 mineral claims. There is no royalty
payable. The purchase agreement is subject to TSX Venture Exchange
approval.
Derrick Strickland, P. Geo., a qualified person under National
Instrument 43-101 has reviewed the technical content of this release.
About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and
development company focusing on the advancement of its mineral
properties, all of which are located within Canada.
On Behalf of the Board
James D. Jacuta, Chairman, President and CEO
For further information contact: Douglas Kerr or Matthew Emery:
Telephone: 604-638-0699 Toll Free: 1-866-580-0699
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada (IIROC) accepts responsibility for the adequacy
or accuracy of this release.
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Copyright (c) 2009 NANIKA RESOURCES INC. (NKA) All rights reserved.
For more information visit our website at
http://www.nanikaresources.com/ or send mailto:info@nanikaresources.com
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Nanika Resources Incorporation
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EXPLORATION STAGE |
CODE : NKA.V |
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CUSIP : 630018109 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nanika resources Inc is a silver and gold exploration company based in Canada. Nanika resources Inc holds various exploration projects in Canada. Its main exploration properties are TED, MOLY KING PROPERTY, SCEPTRE AND TIARA, INDI, MUNN LAKE, SWEENEY LAKE, CAMSELL LAKE, LAC DE GRAS, LUCKY SHIP, MAC CLAIMS, VERNON and NWT CLAIMS in Canada. Nanika resources Inc is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 945 530 as of today (US$ 931 725, € 752 554). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.23, and its lowest recent point on July 05, 2012 at CA$ 0.01. Nanika resources Inc has 94 553 000 shares outstanding. |