Continental Nickel Increases Resources by 150% at Ntaka Nickel Project

- March 2nd, 2012

Continental Nickel Limited (TSXV:CNI) announced it has increased the estimated measured and indicated resources by 150% to 12,786,000 tonnes grading 1.21% nickel at its Ntaka Hill nickel project.

Continental Nickel Limited (TSXV:CNI) announced it has increased the estimated measured and indicated resources by 150% to 12,786,000 tonnes grading 1.21% nickel at its Ntaka Hill nickel project.

As quoted in the press release:

The inferred mineral resources have increased to 45,037,000 tonnes grading 0.30% nickel at its Ntaka Hill Nickel Project (the “Project”). The Project is part of the larger 75:25 joint venture between CNI and IMX Resources Limited (ASX:IXR) covering the Nachingwea property in Southern Tanzania.

Continental’s President and CEO, David Massola said:

Continental is very excited about the large increase in estimated mineral resources at Ntaka Hill. This result increases our confidence in the Project and greatly reduces risk moving forward.

Click here to read the Continental Nickel Limited (TSXV:CNI) press release.

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