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Abitex and Continental Nickel report new nickel discovery intersecting 2.00% Ni and 0.56% Cu at the St. Stephen Project
Abitex and Continental Nickel report new nickel discovery intersecting 2.00% Ni and 0.56% Cu at t...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n\n Aug. 18, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVAL-D'OR, QC, Aug. 18 /CNW Telbec/ - Abitex Resources Inc. (TSX-V: ABE) (the "Company") is pleased to announce initial assay results from a diamond drill program on its 100% owned St. Stephen nickel-copper-cobalt property in New Brunswick. Under an option agreement signed in 2008, Continental Nickel Limited (TSX-V: CNI) ("Continental Nickel") of Toronto, Ontario can acquire an initial 50% interest and up to a 75% interest in the project. CNI is the operator during the earn-in period.\nAs previously announced (see Press Release dated June 9, 2010), Continental Nickel commenced a diamond drill program to test various targets identified on the St. Stephen Project, including high conductance, electromagnetic ("EM") anomalies at Triple J, G and Billy's Brook. Ten drill holes totaling 1,356.3 metres were completed during the drill program which is now finished. Assay results are reported herein for three drill holes totaling 400.0 metres. Further assay results will be reported as they are received, compiled and validated.\nThe drill holes have confirmed that the EM anomalies are caused by nickel-copper sulphide mineralization. The highlights of the drilling include: 2.00% nickel and 0.56% copper over 3.3 metres, within a wider interval grading 1.0% nickel and 0.29% copper over 9.30 metres from diamond drill hole SSD10-003; and 0.68% nickel and 0.24% copper over 8.9 metres and 0.87% nickel and 0.67% copper over 3.65 metres, from diamond drill hole SSD10-001.\n\n\n >\n\n\nA total of five diamond drill holes totaling 722.0 metres were completed to drill test a 100 metre strike length of the Triple J anomaly to a vertical depth of 125 metres. The anomaly was modeled as a high conductance EM anomaly with a strike length greater than 400 metres. Four of the five holes intersected varying amounts of disseminated to net textured to locally massive sulphi...