Nanika Resources Inc. – Canada Molybdenum Corp. Joint Venture Update

Nanika Resources Inc. (TSXV:NKA,FRA:C7X) announced that plans for its subsidiary are being discussed with the company’s Korean partners.

The press release is quoted as saying:

As a result of these favourable meetings and discussions it is anticipated that Nanika will continue further discussions with the Korean partners on plans and financing for “Lucky Ship” until June 30, 2011.

To read the full press release, click here.