GNI 0.00% 1.2¢ global nickel investments nl

October 13, 2011Auger Drilling Campaign on Gold AnomaliesASX...

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    October 13, 2011
    Auger Drilling Campaign on Gold Anomalies
    ASX Release: GNI
    The Board and Management of Global Nickel Investments NL (“GNI”, “the Company”) are pleased to announce
    that the Company will be conducting an auger drill campaign this week to follow up on its recent Bulk Leach
    Extractable Gold (“BLEG”) successes on the Jutson Rocks project (EL 38/1540).
    GNI is currently targeting its recent gold BLEG successes with a close-spaced detailed infill soils programme.
    This programme is to best assist with planning the aircore drilling planned for mid-November. Images of the infill
    programme (Figure 1) and of the successful BLEG geochemistry (Figure 2) are featured below.
    The anomalous targets are very encouraging as they are immediately south/south-east of the historic abandoned
    Chapman’s Reward gold shafts clearly demonstrating that gold is present in the immediate area. The new BLEG
    targets are also encouraging in that they are ideally geologically placed along fault corridors being an ideal setting
    for gold mineralisation.
    The tenement area of E38/1540 has been recently cleared for historical significance by the Cosmo Aboriginal
    Community and Central Desert Native Title Services. A Programme of Work is currently with the Western
    Australian Department of Mines and approval is expected late this week.
    For further information please contact:
    Andrew Mortimer - Executive Director
    Global Nickel Investments NL
    Mobile: +61 (0)433 894 923
    Email: [email protected]
 
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