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Abitex and Continental Nickel Report 2.35% Nickel and 1.06% Copper over 5.45 Metres at the St. Stephen Project
VAL-D'OR, QC, Jan. 25, 2012 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) ( the " Com...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\n\n\nVAL-D'OR, QC, Jan. 25, 2012 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) (the \"Company\"; \"Abitex\") is pleased to announce assay results from the 2011 drilling program\n on the St. Stephen Nickel-Copper project in New Brunswick which have\n confirmed the discovery of new nickel-copper sulphide mineralization. \n Highlights include: 2.35% nickel and 1.06% copper over 5.45 metres from\n drill hole SSD11-013 at the new Hanson Brook target, and 0.68% nickel\n and 0.41% copper over 58.2 metres, including 0.85% nickel and 0.48%\n copper over 20.8 metres from drill hole SSD11-011 at the \"G\" zone.\n Continental Nickel Limited (\"Continental\" or \"CNI\") (TSXV: CNI) can\n acquire an initial 50% and up to a 75% interest in the St. Stephen\n project under the terms of an option agreement with Abitex. CNI is the\n operator during the option period.\n\n\nContinental commenced a diamond drilling program in early December to\n test new electromagnetic (\"EM\") targets identified in the 2011 airborne\n EM survey and to further test nickel-copper mineralization intersected\n in 2010 in the St. Stephen intrusion (see CNI Press Release dated\n December 2, 2011). Five drill holes totaling 772 metres were completed\n in December and borehole electromagnetic surveys (\"BHEM\") were also\n carried out in each of the holes. The drilling program was suspended on\n December 15th due to wet ground conditions and resumed on January 17th.  Assay results are reported herein for the five completed holes (see\n Table I below).\n\n\nYves J. Rougerie, President & CEO of Abitex Resources, commented \"We\n congratulate Continental on their continued success on the St. Stephen\n project. Their nickel expertise is producing encouraging results in an\n old camp, as evidenced by the new nickel-copper sulphide discovery at\n Hanson Brook and the expansion of mineralization at G zone, both\n located along the western side of the St. Stephen intrusion. EM\n geophysical surveys and drilling are proving very effective at\n identifying new mineralization and we look forward to further\n evaluation of the new discoveries and to testing of additional new\n targets by CNI.\"\n\n\nG Zone\n\n\nIn 2010, drill hole SSD10-003 intersected disseminated to massive\n sulphide mineralization within gabbro at G zone located near the north\n western edg...