Abitex And Continental Nickel Announce Drilling Results

- May 3rd, 2012

Abitex Resources Inc. (TSXV:ABE) and Continental Nickel Limited (TSXV:CNI) announced assay results from its St. Stephen nickel-copper project in Canada.

Abitex Resources Inc. (TSXV:ABE) and Continental Nickel Limited (TSXV:CNI) announced assay results from its St. Stephen nickel-copper project in Canada.

As quoted in the press release:

Highlights

  • G Zone:  1.17% nickel and 0.44% copper over 28.10 metres, including 2.50% nickel and 0.55% copper over 3.50 metres and 3.02% nickel and 0.56% copper over 3.65 metres.
  • Hanson Brook: 2.19% nickel and 1.12% copper over 1.30 metres and 2.28% nickel, 0.69% copper over 1.90 metres
  • Todd Mountain:  0.53% nickel and 0.33% copper over 2.15 metres and 0.80% nickel and 0.24% copper over 1.95 metres

Abitex’s President and CEO, Yves Rougerie said:

We are very pleased with these most recent results as Continental continues to successfully advance the St Stephen project. We are very encouraged by the recent drilling results that have returned the highest nickel grades intersected to date on the property. Successive exploration programs confirm that EM surveys are very effective at targeting the highest conductance and most sulphidic portions of the intrusion which host the economic mineralization. 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 by Continental at St Stephen.

Click here to read the Abitex Resources Inc. (TSXV:ABE) and Continental Nickel Limited (TSXV:CNI) press release.

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