Victory Nickel completes reporting of North Limb drilling at Minago Project
Victory Nickel Inc. CA:NI today announced further results from drilling conducted on the North Limb nickel-mineralized domain at its 100% owned Minago Nickel Project located on the Thompson Nickel Belt approximately 485 kilometres north of Winnipeg, Manitoba.
The drill holes reported here were drilled along the northern part of the North Limb as part of a 15-hole, 6,000+ metre drill program done this past winter over 1,600 metres of strike in an effort to generate sufficient data to produce a grade and tonnage estimate in the North Limb. The North Limb extends to the north from the Nose Deposit which is the area currently containing the entire nickel resource at Minago.
“All results are currently being incorporated into the first estimate of grade and tonnage for North Limb mineralization,” said Paul Jones, Vice-President, Exploration. “All resources reported from the Minago Project to date have been restricted to the Nose Deposit; no resource has ever been estimated on the North Limb. The nickel mineralization in the North Limb is an enhancement to the total resource at Minago that could be of great economic significance to the project.”
The nickel analytical results tabulated below evaluate an additional 660 metre of strike length in the North Limb over and above drill results released to date. In total the 2011 North Limb drilling covers 1,100 metres of strike, all of which continues to indicate strong nickel mineralization with continuity between holes and sections.
DDH V-11-20 was a significant step-out hole that tested the trend of the North Limb a further 490 metres north of DDH V-11-14 for a total tested strike length of approximately 1,600 metres. It intersected nickel mineralized serpentinite over 81.48 metres down-hole. Analytical results demonstrate significantly anomalous nickel over substantial core lengths (e.g. 13.98 metres grading 0.24% Ni between 369.25-383.23 metres) further demonstrating the potential for nickel mineralization over a far more extensive area than previously reported.