Nanika Receives Assay Results for Herb Lake Manitoba Property

VANCOUVER, June 24 /CNW/ - Nanika Resources Inc. (TSX-V: NKA and FSE: C7X) today announces that it has received assay results for the exploration program on Nanika's 100% owned Herb Lake property in Manitoba. Phase 1 of the work program included extensive prospecting, mapping and sampling. During the program a geological map in the scale of 1:10,000 was prepared. The map will provide guidance in designing any future geophysical programs. Thirteen grab samples were collected and one of the samples collected during the program assayed 0.17% copper. The sample consists of disseminated chalcopyrite within metamorphosed volcanic rock. Nanika's geological staff believes the sample represents VMS type mineralization. None of the other samples returned significant values.

The Herb Lake property is located approximately 25 kilometers south of Snow Lake, Manitoba. Nanika's Herb Lake property is comprised of eleven mineral claims on approximately 5,930 acres to the immediate north of the Copperman Project of VMS Ventures Inc. (TSXV-VMS).

Alex Walus, P. Geo., a qualified person under National Instrument 43-101 is supervising Nanika's work program on the Herb Lake property and has reviewed and approved the technical disclosure in this news release.

About Nanika Resources Inc. Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located within Canada.

On Behalf of the Board,

James D. Jacuta,

Chairman, President and CEO.

To receive Company news via email please contact chelsea@chfir.com and mention "Nanika Resources News" in the subject line.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

%SEDAR: 00005736E

SOURCE NANIKA RESOURCES INC.

For further information: For further information: CHF Investor Relations at 416-868-1079, Christopher Haldane, Account Manager, at ext. 237, chris@chfir.com; Jeanny So, Director of Operations, at ext. 225, jeanny@chfir.com; Or Nanika Resources Inc. at 604-638-0699 or Toll Free at 1-866-580-0699, http://www.nanikaresources.com

Organization Profile

NANIKA RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890