Nov 15 2010
Nanika Resources Inc. (TSXV-NKA and FSE: C7X) today announced that assay results from the recent diamond drilling completed on Nanika's 100% owned Red Cliff East Property have not returned any significant mineralization.
This drilling comprised of 7 holes with depths of between 96.6 and 197.2 metres at distance of approximately 400 metres north and east of the Montrose zone. Nanika is currently preparing to drill within 100 metres of the Montrose zone which is currently being drilled by Decade Resources Ltd.
Before this happens Nanika will requisition a survey to precisely delineate the dividing line between Nanika's and Decade's mineral claims. This particular area was not drilled initially because it presents some more challenging conditions. Nanika will carefully prepare to address the complications involving access, higher altitude and steep slope, and potential terrain and soil stability issues here.
Decade Resources Ltd. recently reported 18 metres of 49 grams per ton gold including a 0.3 metre interval of 2,847 grams per ton gold. These results confirm the high grade nature of the structure in the area. (See the Decade Resources Inc. news release of September 21, 2010).
Alex Walus, P. Geo., a qualified person under National Instrument 43- 101 has reviewed and approved the technical disclosure in this news release.
Source: Nanika Resources Inc.