Nanika Completes Drilling at Indi Gold Property
VANCOUVER, Dec. 9 /CNW/ - Nanika Resources Inc. (TSX-V:NKA) Further to Nanika's news release on November 18, 2010 announcing drilling, Nanika is now pleased to announce that a total of 1,000 metres of drilling has been completed in seven holes from four pads at the Indi property approximately 24 kilometres north of the Town of Stewart, BC. Nanika has submitted drill core for assay and expects results soon.
Nanika's decision to do further drilling on Indi follows on the October 14, 2010 Jayden Resources Inc. (TSX-JDN) news release with their 2010 drill results at the adjacent Silver Coin project which included 55 metres grading 8.42 grams per ton gold, including 7 metres grading 32.89 grams per ton gold. It has been established by previous work that a portion of the mineralization on Silver Coin extends onto the Indi property. A National Instrument 43-101 report entitled the "Indi Claims at the Silver Coin Property" by Qualified Person, David M. R. Stone, P. Eng. dated September 28, 2007 is available at the Nanika website www.nanikaresources.com.
Nanika operated the work program pursuant to the terms of a joint venture agreement with Jayden Resources Inc. (TSXV-JDN) and Mountain Boy Minerals Ltd. (TSXV-MTB) that includes the Indi 9 - 12 claims.
Alex Walus, P. Geo., a qualified person under National Instrument 43-101 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 contact, [email protected] and in the subject line mention "Nanika Resources News".
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
For further information:
CHF Investor Relations at 416-868-1079
Christopher Haldane, Account Manager, at ext. 237, [email protected]
Jeanny So, Director of Operations, at ext. 225, [email protected]
Or Nanika Resources Inc. at 604-638-0699 or Toll Free at 1-866-580-0699
http://www.nanikaresources.com
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