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Posts tagged ‘Continental Nickel Ltd (CNI)’

Continental, Abitex report NB results of 1.17% Nickel, 0.44% Copper, 0.08% Cobalt over 28.1m

May 3rd, 2012

Resource Clips - essential news on junior gold mining and junior silver mining

(Update: On April 16, 2013, Abitex Resources Inc began trading as ABE Resources Inc TSXV:ABE.)

Continental Nickel Ltd TSXV:CNI and Abitex Resources Inc TSXV:ABE announced results from their St Stephen Nickel-Copper Project in New Brunswick. Highlights include

1.17% nickel, 0.44% copper and 0.08% cobalt over 28.1 metres
(including 3.02% nickel, 0.56% copper and 0.24% cobalt over 3.7 metres)
1.06% nickel, 0.26% copper and 0.1% cobalt over 2.2 metres
0.57% nickel, 0.47% copper and 0.04% cobalt over 2.6 metres
1.02% nickel, 0.59% copper and 0.07% cobalt over 3.2 metres
(including 2.19% nickel, 1.12% copper and 0.15% cobalt over 1.3 metres)
0.21% nickel, 0.12% copper and 0.03% cobalt over 34.2 metres
(including 0.53% nickel, 0.33% copper and 0.07% cobalt over 2.2 metres)

Continental has an option to acquire up to a 75% interest in St Stephen and acts as project operator. Continental VP Exploration Patricia Tirschmann remarked, “We are very encouraged by the recent drilling results that have returned the highest nickel grades intersected to date on the St Stephen Property. Our exploration has confirmed that the St Stephen intrusion is sulphide-bearing at numerous locations and that EM surveys are very effective at targeting the highest conductance and most sulphidic portions of the intrusion. The best nickel grades obtained so far are associated with mineralization occurring at or near the northern gabbro-metasediment contact in the vicinity of the Hanson Brook, G, Triple J and Roger’s Farm zones, and this area will be a focus of future exploration programs at St Stephen.”

View Company Profile

Continental Nickel Ltd
Dave Massola
416.603.8416 x 228
or Patricia Tirschmann
VP Exploration
416.603.8416 x 224

Abitex Resources Inc
Yves J. Rougerie

by Greg Klein