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Abitex JV Partner Continental Nickel Commences Airborne Geophysical Survey at the St. Stephen Nickel-Copper Sulphide Project in New Brunswick
May 26, 2011 (Canada NewsWire Group) -- VAL-D'OR, QC, May 26, 2011 /CNW Telbec/ - Abitex Res...
About this update from Vision Lithium, Inc.
[{"type":"text","content":"\n\n\n May 26, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nVAL-D'OR, QC, May 26, 2011 /CNW Telbec/ - Abitex Resources Inc. (TSXV: ABE) (the "Company" or "Abitex") is pleased to announce the initiation of an airborne magnetic and\n electromagnetic (EM) survey at the St. Stephen Nickel-Copper project in\n New Brunswick. Continental Nickel Limited (TSXV: CNI) ("Continental" or\n "CNI") can acquire up to a 75% interest in the project under the terms\n of an option agreement with Abitex and is the operator during the\n earn-in period.\n\n\nContinental reports that the St. Stephen Ni-Cu Project has a $350,000\n approved 2011 exploration plan and budget, which will include a 300\n line km airborne EM survey and the completion of 1,000 metres of\n diamond drilling. The primary objectives of the program are to:\n\n\n\nIdentify and prioritize all untested EM anomalies within the St. Stephen\n intrusion;\n\n\n\nDrill test selected new high priority EM targets and\n\n\n\nCarry out follow-up drilling on the sulphide zones discovered in 2010 at\n the Triple J and G targets.\n\n\n\nThe airborne EM survey is being carried out by Fugro Airborne Surveys\n Corp. utilizing their helicopter-borne HELITEM system.  Magnetic and\n electromagnetic data will be collected over the known extents of the\n St. Stephen intrusion on east-west flight lines spaced 100m apart. Upon\n completion of the survey, data will be interpreted with the goal of\n select...