Global Nickel Investments NL (ASX:GNI) Drilling Update at Laverton Project

Global Nickel Investments NL (ASX:GNI) are pleased to announce details regarding the Company's progress on the Laverton project areas in WA. The Company has multi-element soils and gold Bulk Leach Extractable Gold (BLEG) samples currently being processed at the ALS laboratory in Perth. These results are approximately ten days away from being received and then will be reviewed by the Company in order to plan the next stage of infill soils and air core/RAB drilling. An announcement will be made on completion of reviewing the data.

A heritage survey has recently been completed by the traditional owners and Central Desert Native Title Services to gain clearance for further soils and a 340-hole air core/RAB drilling programme in known anomalous soils for copper and gold. The final report is due in a fortnight and it is understood that there were no significant heritage concerns in the area of infill exploration. The Company thanks the traditional owners for their ongoing support in the region and on this survey.

Programme of Work approved by DMP

A Programme of Work has been approved by the DMP in order for the Company to drill up to eighteen RC holes in the Mt Cornell and Mt Warren area in the northern most part of the project areas. One of these holes is a re-drill of MCRC002 from last July's drilling. This hole intersected anomalous levels of copper over 20 metres within a mafic lithology detected from airborne VTEM and ground EM. Global Nickel's geological team re-logged the entire July 2010 RC programme and viewed the diamond core from TDH03. The remaining 17 holes to be drilled have been carefully selected on a combination of geophysics and geology. One target has an interesting geological geochemistry signature and structure combined with a VTEM geophysics target close to the border with Ausgold (ASX:AUC).

GNI drilling to commence with co-shared rig

Ausgold will be drilling its Yamarna and Winchester project within the next two weeks and Global Nickel will then be making use of Augold's Bort Longyear RC drill rig to drill the Mt. Cornell and Mt Warren copper targets.

About Zinc of Ireland NL

Zinc of Ireland NL (ASX:ZMI), formerly Global Metals Exploration NL, is a mineral exploration company. The Company's principal activities include mineral exploration and project evaluation. The Company's projects include Kildare Project, which is located in County Kildare, approximately 40 kilometers south-west of Dublin; Ballinasloe Project, which is located in County Galway, over 50 kilometers east of Galway/Carnmore on the Glentaun-Cloonark Regional Structure; Navan Project, which is located approximately 15 kilometers south-east of the Navan Tara mine; Sligo Project, which is located over four kilometers north of Sligo in the western province of Connacht; Monaghan Project, which is located approximately 20 kilometers south-east of Monaghan in the eastern portion of the Longford-Down Inlier; Cork Project, which is located over 15 kilometers south-west of Cork, and Galway Project, which is located approximately 25 kilometers north-west of Galway in the Neoproterozoic Dalradian Supergroup.

 

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