Continental Nickel Intersects 2.03% Nickel and 0.42% Copper Over 31.5 Metres at Sleeping Giant Zone

Continental Nickel Limited (TSXV:CNI) reported assays are now starting to be received from the drilling program that commenced in mid-June.

The press release is quoted as saying,

Highlights include drill hole NAD11-234 which intersected Sleeping Giant mineralization grading 2.03% nickel and 0.42% copper over 31.5 metres from within a wider interval grading 1.62% nickel and 0.36% copper over 47.0 metres. This intersection represents one of the best sulphide intersections to date at Ntaka Hill and is located 200 metres south of the drill hole NAD10-220 which intersected 2.58% nickel and 0.41% copper over 23.3 metres in 2010. The project is a 75:25 joint venture between CNI and IMX Resources Limited (“IMX”) of Australia.

Continental’s Vice President of Exploration, Patricia Tirschmann said,

Each new drill hole is providing valuable information on the nature, extents and structural control of the Sleeping Giant zone. The recent intersection in hole NAD11-234 further enforces our interpretation that a higher grade core to the zone exists and can be traced over a strike length of at least 500 metres…

For the complete press release, click here.