Global Nickel Investments NL (ASX:GNI) Announce Further Results from Jutson Rocks Project
Sydney, Sep 14, 2011 AEST (ABN Newswire) - Following the ASX announcement of 13th September 2011, the Board and Management of Global Nickel Investments NL (
ASX:GNI) are pleased to announce the following additional information as to the interpretation of the soil sampling and Bulk Leach Extractable Gold ("BLEG") results within the Company's Jutson Rocks project (EL 38/1540).
All results (both soil sampling and BLEG sampling) have been analysed and anomalous values determined for each of the BLEG (gold), soil sampling (copper) and soil sampling (nickel). In each case the values within the 95th percentile (ie in the top 5% of values) have been considered to be potentially anomalous. With respect to the BLEG, the values considered to be strongly anomalous were those greater than 1.5ppb, with moderate anomalies defined with values greater than 1ppb. The maximum value recorded was 19ppb. The anomalous zones are shown in Figure 1 below. Two of the anomalies are in the order of 2km in strike length.
With respect to the soil sampling, again, anomalous zones were defined by values within the 95th percentile. For nickel, anomalous values were those greater than 550ppm and a maximum value of 1,460ppm was obtained. The sample locations and anomalous zones are shown in Figure 2 below. The nickel anomaly is approximately 1.6 km in strike length. For copper, anomalous zones were defined by values greater than 58ppm (with a maximum value of 104ppm). The copper anomaly is approximately 1.6km in strike length.
All samples (both BLEG and soil samples) were collected from depths of approx 20-25 cm and sieved to minus 4mm before being submitted to the laboratory for analysis.
The Chairman of the Company, Ms. Lia Darby said of the findings "We are very happy with the results as we have interesting gold numbers to follow up with discovery potential and a largish nickel anomaly to further define. We are looking forward to completing the two holes currently underway on GNI's Mt Cornell tenement targeting Electro-Magnetic anomalies."
For the complete Global Nickel Investments announcement including figures, please view:
http://media.abnnewswire.net/media/en/docs/ASX-GNI-557095.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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