SG:Continental Nickel announces copper sulphide mineralization at Chilalo
Continental Nickel Limited announced that metasedimentary hosted copper sulphide mineralization has been intersected in drilling completed in late 2011 to test regional geochemical and geophysical targets on its Chilalo license located 23 kilometers northeast of Ntaka Hill. The project is 75:25 JV between CNI and IMX Resources Limited of Australia.
Highlights;
1. Copper sulphide horizon confirmed over 1 kilometer strike length with mineralization grading up to 5.27% copper, 15.05 gram per tonne silver and 0.41% zinc over 0.4 meters at Chilalo 6
2. New untested copper soil anomaly identified 450 meters north of current drilling at Chilalo 6
3. Untested high priority targets to be drilled in 2012 at Chilalo 7
4. New mineralization enhances the prospectivity of the regional land holdings
Mr Patricia Tirschmann VP Exploration of Continental Nickel said that "It is exciting to see that several years of progressive regional exploration have advanced to the point where we are starting to identify new sulphide occurrences for more detailed follow up. The intersection of a laterally extensive zone of copper sulphide mineralization in the Chilalo 6 area is another example of the potential for significant metasedimentary hosted copper-silver mineralization, in addition to nickel and copper sulphide mineralization, on the Company's extensive land package. We look forward to further drill testing of the highly prospective targets in the Chilalo 6 and 7 areas and to following up additional regional targets in 2012."
