Global Nickel Investments NL (ASX:GNI) Announce Drilling Update and Surface Sampling Results
Sydney, Sep 13, 2011 AEST (ABN Newswire) - Global Nickel Investments NL (
ASX:GNI) is pleased to announce that it has recently received the analytical results from a soil sampling and Bulk Leach Extractable Gold ("BLEG") sampling programme which was conducted in May and June this year at the Company's northern Jutson Rocks project, namely exploration license E38/1540.
Surface Sampling Results - Jutson Rocks
For the BLEG survey, 92 samples were collected on 500-metre centres and analysed using a static cyanide leach for gold, copper and silver. The survey outlined three areas of gold anomalism in the Jutsons area which require further investigation in the short term. The anomalous zones are shown at Figure 1 (see link at the bottom of the release). No anomalous zones of copper or silver were detected in this particular programme.
A total of 274 soil samples were also collected from two different areas over E38/1540. The programme was designed to both infill and extend areas of interest which had been defined from previous programmes. One nickel anomaly was defined as well as a number of smaller copper anomalies. These are shown in Figures 2 and 3 (see link at the bottom of the release).
These new anomalies will be required to be followed up with additional surface sampling and Rotary Air Blast ("RAB") drilling, which is planned for the fourth quarter this year.
A new Heritage Survey was conducted in July this year. The survey has now been completed with large areas cleared by the Cosmo Newberry Community so that new geochemical surveys and RAB drilling can now proceed.
It is hoped to have much of this work done by the end of this year.
Drilling Update - results expected in the near term
At Mt Cornell, the Company has completed the drilling of the first six Reverse Circulation ("RC") drill holes as planned, with holes ranging from 150 to 250 metres. Samples have been submitted to the laboratory and results are expected by the end of the month. The samples were taken from four-metre composites and pyrrhotite (iron sulphide) was present in each of the six holes.
Further drilling was commenced on Sunday, September 11 2011 to complete the remaining two holes of the planned programme together with one hole from the earlier programme which, because of drilling difficulties, will have to be re-drilled. Some 800 metres remain to be drilled.
A Programme of Works has been submitted to the Department of Mines and Petroleum, WA, which will cover all of our proposed future RAB drilling and soil sample programmes for the end of the year. The Company looks forward to updating the market further as it continues its copper exploration at Jutson Rocks and Mt Cornell.
For the complete Global Nickel Investments announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-GNI-556955.pdf
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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