Emu Nickel NL (ASX:EMU) High Grade Emu Lake Nickel Intersection

Perth, Jan 27, 2011 AEST (ABN Newswire) - Emu Nickel NL (ASX:EMU) is pleased to announce that three diamond drill holes (totalling 1,359 metres) have been completed at the Emu Lake nickel project, 70km north east of Kalgoorlie. The drilling was designed to test multiple electromagnetic (EM) conductor targets in three areas at Binti South, some 500m to 1000m south of the Binti Gossan zone.

Drill hole ELD 047 encountered high grade nickel sulphides grading 5.68% Ni over a 0.25 metre intersection width, located close to the interpreted basal contact of the main target ultramafic unit. This intersection occurs 170 metres down dip from a similar high grade intersection in drill hole ELD 023 (drilled 2009) with 0.28 metres @ 5.35% Ni, indicating potential for extensions to this contact mineralisation south of Binti Gossan.

Drill hole ELD 045 intersected stringer mineralisation (1 metre @ 1.41% Ni) at the same interpreted contact position some 500 metres to the south, however the intervening drill hole ELD 046, about 200 metres further south, did not intersect significant mineralisation.

Down hole EM surveys in ELD 045 and ELD 046 did not detect any significant conductors. Down hole EM data from ELD 047 is still being assessed.

Emu Nickel is encouraged by the high tenor of the mineralisation intersected in the latest programme and is continuing to assess the results of the drilling and geophysical surveys in a search for thicker accumulations of these high grade nickel sulphides.

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

http://www.abnnewswire.net/media/en/docs/65091-ASX-EMU-525997.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