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Re: News Release - Friday, September 18, 2009
Nanika Announces Additional Ground Acquisition East of Indi and
Near Red Cliff
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September 18, 2009 Nanika Resources Inc. (TSXV-NKA and FSE-C7X) is
pleased to announce it has acquired additional property near its Indi
property in the prolific Stewart Mining Camp including property, some
of which is within one kilometer to the northwest of the Red Cliff
Project currently being worked by Decade Resources Ltd. (TSXV -- DEC).
On September 14, 2009 Decade Resources Inc. announced by news release
drilling results of 28.4 meters of 7.3 grams per tonne of gold,
including 3.66 meters of 24.05 grams per tonne of gold, and that "the
recent work by Decade, north of Lydden Creek, previously undrilled,
indicates the structure is striking further northwest than first
thought". Nanika has acquired eight mineral claims in the general area
with total ground of 727 acres, of which 222 acres are in close
proximity to the Red Cliff Project. The Red Cliff Project is
approximately 8 kilometers to the east of Nanika's existing Indi
property.
Derrick Strickland, P. Geo., MBA, a qualified person under National
Instrument 43-101 has been reviewed and approved the technical
disclosure in this news release. Mr. Strickland has over 20 years
experience working in Canada, USA, Europe, Mexico, Mongolia, and Japan,
among other countries.
About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and
development company focusing on the advancement of its mineral
properties, all of which are located within Canada.
On Behalf of the Board
James D. Jacuta, Chairman,
President and CEO
For further information contact:
Doug Kerr or Matt Emery:
Telephone: 604-638-0699 Toll Free: 1-866-580-0699
www.nanikaresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada (IIROC) accepts responsibility for the adequacy
or accuracy of this release.
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Copyright (c) 2009 NANIKA RESOURCES INC. (NKA) All rights reserved.
For more information visit our website at
http://www.nanikaresources.com/ or send mailto:info@nanikaresources.com
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Nanika Resources Incorporation
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EXPLORATION STAGE |
CODE : NKA.V |
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CUSIP : 630018109 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Nanika resources Inc is a silver and gold exploration company based in Canada. Nanika resources Inc holds various exploration projects in Canada. Its main exploration properties are TED, MOLY KING PROPERTY, SCEPTRE AND TIARA, INDI, MUNN LAKE, SWEENEY LAKE, CAMSELL LAKE, LAC DE GRAS, LUCKY SHIP, MAC CLAIMS, VERNON and NWT CLAIMS in Canada. Nanika resources Inc is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 945 530 as of today (US$ 931 725, € 752 554). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.23, and its lowest recent point on July 05, 2012 at CA$ 0.01. Nanika resources Inc has 94 553 000 shares outstanding. |