Emu Nickel NL (ASX:EMU) Massive Sulphides Intersected At Woolgangie

Perth, Oct 19, 2010 AEST (ABN Newswire) - Emu Nickel NL (ASX:EMU) is pleased to announce that a five-hole, 968m reverse circulation drilling programme has been completed at Woolgangie, situated about 60km south west of Coolgardie and part of the Kambalda West joint venture. The drilling programme was designed to test electromagnetic (EM) anomalies that were identified by a previously reported airborne VTEM survey and confirmed by a ground EM survey. The EM anomalies are associated with a large magnetic anomaly.

Significantly, all five drill holes intersected massive to semi-massive sulphides in the target zones. The sulphides comprise pyrrhotite and pyrite with associated magnetite in a granitic host but with no economic metal grades identified at this stage. However, anomalous levels of copper and silver are present in minor chalcopyrite and tellurides.

Petrological studies show potassic metasomatism and localised hydrothermal alteration within the granitic host rocks. The anomalous levels of copper and silver are considered to be potentially significant however the nature of the mineralisation has yet to be fully determined. The massive sulphide intersections are associated with open-ended EM conductors which have not yet been fully tested. A programme of follow-up ground EM is planned, with the aim of outlining the extent of the EM conductors and identifying targets for further drilling.

Mincor Resources (ASX:MCR) has earned a 51% interest in the Kambalda West tenements from Image Resources and has elected to earn up to a 70% interest by sole funding further exploration. Emu Nickel has earned 80% of the remaining 30% interest (ie. a 24% interest) from Image and has elected to earn the remainder of Images' interest, with Image to retain a 1% royalty interest.

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

http://www.abnnewswire.net/media/en/docs/63977-ASX-EMU-510142.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