Dec 10 2010
Nanika Resources Inc. (TSX-V:NKA) Further to Nanika's news release on November 18, 2010 announcing drilling, Nanika has announced that a total of 1,000 metres of drilling has been completed in seven holes from four pads at the Indi property approximately 24 kilometres north of the Town of Stewart, BC. Nanika has submitted drill core for assay and expects results soon.
Nanika's decision to do further drilling on Indi follows on the October 14, 2010 Jayden Resources Inc. (TSX-JDN) news release with their 2010 drill results at the adjacent Silver Coin project which included 55 metres grading 8.42 grams per ton gold, including 7 metres grading 32.89 grams per ton gold. It has been established by previous work that a portion of the mineralization on Silver Coin extends onto the Indi property. A National Instrument 43-101 report entitled the "Indi Claims at the Silver Coin Property" by Qualified Person, David M. R. Stone, P. Eng. dated September 28, 2007 is available at the Nanika website www.nanikaresources.com.
Nanika operated the work program pursuant to the terms of a joint venture agreement with Jayden Resources Inc. (TSXV-JDN) and Mountain Boy Minerals Ltd. (TSXV-MTB) that includes the Indi 9 - 12 claims.
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.