Emu Nickel NL (ASX:EMU) Announce Drilling Targets

Perth, Oct 13, 2010 AEST (ABN Newswire) - Emu Nickel NL (ASX:EMU) is pleased to announce that additional fixed loop electromagnetic (FLEM) surveys have been completed to infill gaps in the previously reported survey (EMU ASX release 28 May 2010). Whilst no new conductors were identified by the latest phase, processing of the FLEM survey data has confirmed a 2km-long zone of elevated conductance (with the recent survey area shown by the red dots). The northern 1km of this zone coincides with the known nickel sulphide mineralisation at Binti Gossan. The southern 1km of elevated conductance is largely unexplored and contains drill holes ELD023 and ELD042A both of which intersected nickel sulphides. Modelling of this zone has identified a discrete conductor plate (also interpreted from an off-hole response in drill hole ELD039), which has been recommended for drilling.

Further interpretation and modelling of down-hole electromagnetic (DHEM) data has confirmed a large strong in-hole anomaly modelled to have a strike length of 400m and a 100m dip extent shown in red in Figure 2 (see link at the bottom of the release). This conductor corresponds to a nickel sulphide intersection in drill hole ELD042A (1.57m @ 1.14%Ni from 393.43m including 0.45m @ 2.67%Ni), suggesting this drill hole intersected the edge of a much larger sulphide body. A second conductor, interpreted to be a smaller body corresponds to a second nickel sulphide intersection in the same drill hole (0.21m @ 6.32%Ni from 282.28m). A drill hole has been recommended to test the larger of the two conductors.

To the north, modelling of DHEM data from drill hole ELD023 has identified three anomalies interpreted to be high-conductance plates varying in strike length from 100m to 150m in strike length and from 30m to 70m in dip extent. A single drill hole has been recommended to test these conductors.

It is proposed to test each of these three attractive targets with a diamond drill hole to at least 400m depth. The plan position and 3D view (looking north) of the three proposed drill holes is shown in Figures 3 and 4 respectively (see link at the bottom of the release). Emu Nickel ranks these targets highly and plans to commence drilling as soon as possible after Emu Lake Joint Venture approval has been finalised and a suitable rig sourced.

For the complete Emu Nickel announcement including figures, please refer to the following link:

http://www.abnnewswire.net/media/en/docs/63933-ASX-EMU-509205.pdf

Contact

Roger Thomson Technical Director Tel: +61-8-9226-4266 Mob: +61-419-969-183 Email roger@emunickel.com.au George Sakalidis Managing Director Tel: +61-8-9226-4266 Mob: +61-411-640-337 Email george@emunickel.com.au