Victory Nickel Inc.: Further Impressive Drill Results Expected to Enhance Reserves in Minago Pit

Victory Nickel Inc. (TSX:NI) announced additional positive results from drill holes within the projected open pit limit at its 100%-owned Minago sulphide nickel deposit.

The press release is quoted as saying:

Assays continue to demonstrate the presence of substantial new domains of nickel mineralization with grades that are in the upper end of the range of grades used to estimate the Minago resource and reserve. Near-surface in-pit mineralization previously considered waste is expected to be converted to ore in a revised resource estimate. The inclusion of the 2010 drill results in reserves should have a positive impact on project economics.

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