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Re: News Release - Thursday, October 08, 2009
Nanika Commences Drilling on Indi Property North of Stewart,
British Columbia.
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October 8, 2009 Nanika Resources Inc. ("Nanika") (TSXV:NKA, FSE:C7X)
announces a drill program on the Indi property approximately 24
kilometers north of Stewart, British Columbia with a minimum drilling
budget to provide for a 1000 meter drill program. "More Core Diamond
Drilling Services Ltd." of Prince George, British Columbia has been
contracted to begin work immediately. The work will be supervised by
Alex Walus, Professional Geologist, who was formerly with Pinnacle
Mines Ltd. Mr. Walus has identified two targets for immediate drilling
on the northeast portion of the Indi claims.
The property is directly contiguous to the Silver Coin property of
Pinnacle Mines Ltd. (TSXV:PNL) who by news release on October 2, 2009
updated a National Instrument 43-101-compliant resource of: "488,202
ounces of gold in the measured and indicated category and 1,000,499
ounces of gold in the inferred category at an average grade of 2.317
grams per tonne (g/t) and 6,179,000 ounces of silver (grade 7.49 g/t)
at cut-off grade of 0.75 g/t."
Nanika's President and CEO commented that: "The Nanika work program is
in the competent hands of Alex Walus who has several years experience
in this area, I am very happy to have Alex working with us."
Alex Walus, P. Geo., a qualified person under National Instrument
43-101, has reviewed and approved the technical content of this news
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: Matthew Emery or Douglas Kerr
Telephone: 604-638-0699 Toll Free: 1-866-580-0699
www.nanikaresources.com
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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EXPLORATEUR |
CODE : NKA.V |
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CUSIP : 630018109 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Nanika resources Inc est une société d’exploration minière d'argent et d'or basée au Canada. Nanika resources Inc détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont TED, MUNN LAKE, MOLY KING PROPERTY, SCEPTRE AND TIARA, INDI, SWEENEY LAKE, CAMSELL LAKE, LAC DE GRAS, LUCKY SHIP, MAC CLAIMS, VERNON et RORKE LAKE PERMITS 219 AND 220 au Canada. Nanika resources Inc est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 945 530 CA$ (931 725 US$, 752 554 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,23 CA$, et son plus bas niveau récent le 05 juillet 2012 à 0,01 CA$. Nanika resources Inc possède 94 553 000 actions en circulation. |