Property Acquisition!This will grab attention on Monday folks as we are in very close proximity to DEC.V , check out how its share price has been performing the past week on drill results from its Red Cliff property....
| September 18, 2009 |
| Nanika Announces Additional Ground Acquisition East of Indi and Near Red Cliff |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2009) - Nanika Resources Inc. (TSX VENTURE:NKA)(FRANKFURT: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
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release. |