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Abitex and Continental Nickel Report New Assays Including 3.02% Nickel and 0.56% Copper over 3.65 Metres at the St. Stephen Nickel-Copper Sulphide Project, New Brunswick
VAL-D'OR, QC, May 3, 2012 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) ( the " Compa...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\n\n\nVAL-D'OR, QC, May 3, 2012 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) (the \"Company\" \"Abitex\") is pleased to report that final assay results from the 2012 drilling\n program on the St. Stephen Nickel-Copper project in New Brunswick\n Canada have been received and confirm additional nickel sulphide\n mineralization at the G and Hanson Brook zones as well as newly\n discovered nickel sulphide mineralization at the Todd Mountain target.\n Continental Nickel Limited (TSXV: CNI) (\"Continental\") of Toronto,\n Ontario has an option to acquire up to a 75% interest in the project\n under the terms of an agreement with Abitex and is the operator during\n the earn-in period.\n\n\nHighlights\n\n\nG Zone:  1.17% nickel and 0.44% copper over 28.10 metres, including\n 2.50% nickel and 0.55% copper over 3.50 metres and 3.02% nickel and\n 0.56% copper over 3.65 metres.\n\n\nHanson Brook: 2.19% nickel and 1.12% copper over 1.30 metres and 2.28%\n nickel, 0.69% copper over 1.90 metres\n\n\nTodd Mountain:  0.53% nickel and 0.33% copper over 2.15 metres and 0.80%\n nickel and 0.24% copper over 1.95 metres\n\n\nAll intersections reported here are core lengths and may not represent\n true widths\n\n\nYves Rougerie, President and CEO of Abitex, commented: \"We are very\n pleased with these most recent results as Continental continues to\n successfully advance the St Stephen project. We are very encouraged by\n the recent drilling results that have returned the highest nickel\n grades intersected to date on the property. Successive exploration\n programs confirm that EM surveys are very effective at targeting the\n highest conductance and most sulphidic portions of the intrusion which\n host the economic mineralization. The best nickel grades obtained so\n far are associated with mineralization occurring at or near the\n northern gabbro-metasediment contact in the vicinity of the Hanson\n Brook, G, Triple J and Roger's Farm zones and this area will be a focus\n of future exploration programs by Continental at St Stephen.\"\n\n\nContinental commenced a diamond drilling program in early December 2011\n to test newly defined electromagnetic (\"EM\") targets identified in the\n 2011 airborne EM survey and to further test nickel-copper\n mineralization intersected at G zone (see Press Release dated December\n 2, 2011). Five d...