Global Nickel Investments NL (ASX:GNI) Commenced Drilling at Mt. Cornell and Mt. Warren Projects in Western Australia
Sydney, Aug 17, 2011 AEST (ABN Newswire) - Global Nickel Investments NL (
ASX:GNI) is pleased to announce the commencement of drilling at its Mt. Cornell and Mt. Warren projects on the Jutson's Rocks Greenstone Belt in Western Australia.
Drilling commenced ahead of schedule on the 11th August with Quality Drilling Services from Kalgoorlie.
The current programme involves drilling of eight holes to a maximum depth of 250m. Five of the eight holes will test VTEM and follow up ground EM targets previously announced and three holes will target a copper in soil anomaly. The first hole has been completed and was drilled close to MCRC002 drilled last year which encountered anomalous copper and gold mineralisation.
A further six holes are planned to test co-incident soil copper anomalism and proximal VTEM anomalies which will require a larger drilling rig to reach the target depth of 300-350m. As previously announced, these holes will be drilled using Boart Longyear's (ASX:BLY) rig once it becomes available from Ausgold's (ASX:AUC) programme currently operating adjacent to GNI's Mt. Cornell tenement.
A presentation has been prepared for broker and investor meetings scheduled for this month. The presentation is available on Global Nickel's website in English and German for its increasingly diversified shareholder base.
About Zinc of Ireland NL
Zinc of Ireland NL (ASX:ZMI), formerly Global Metals Exploration NL, is a mineral exploration company. The Company's principal activities include mineral exploration and project evaluation. The Company's projects include Kildare Project, which is located in County Kildare, approximately 40 kilometers south-west of Dublin; Ballinasloe Project, which is located in County Galway, over 50 kilometers east of Galway/Carnmore on the Glentaun-Cloonark Regional Structure; Navan Project, which is located approximately 15 kilometers south-east of the Navan Tara mine; Sligo Project, which is located over four kilometers north of Sligo in the western province of Connacht; Monaghan Project, which is located approximately 20 kilometers south-east of Monaghan in the eastern portion of the Longford-Down Inlier; Cork Project, which is located over 15 kilometers south-west of Cork, and Galway Project, which is located approximately 25 kilometers north-west of Galway in the Neoproterozoic Dalradian Supergroup.
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