News (land acquisition)Re: News Release - Thursday, January 28, 2010
Additional Ground Acquisition West of Sweeney Lake British
Columbia
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January 28, 2010: Vancouver BC: Nanika Resources Inc. (TSXV-NKA and
FSE-C7X) is pleased to announce it has acquired a 100% interest in
993.02 additional acres to the immediate west of and adjacent to its
Sweeney Lake Property. The Sweeney Lake Property consists of the
Sweeney and adjacent Ted claims and is located 115 kilometres by road
south of Houston, British Columbia.
Nanika's recent drilling on the Ted claims was centered 4.2 kilometres
northeast of the Huckleberry Mine open pit. Huckleberry produces copper
and molybdenum concentrates and is operated by Huckleberry Mines Ltd. a
subsidiary of Imperial Metals Corporation (50%) and a Japanese
consortium (50%). A total of 1,992.91 metres of NQ diamond drilling was
completed by Nanika on the Ted and Sweeney claims on January 26, 2010.
President and CEO, James Jacuta, stated "These additional mineral
tenures are immediately adjacent to Huckleberry Mines properties and
extends Nanika's area of interest approximately 2.8 kilometres further
to the west. This brings Nanika's total area that has been assembled to
4,946.62 contiguous acres at Sweeney Lake. Nanika will be making a
decision on doing work on these new properties as soon as we receive
our final assay results on the drill program completed on January 26,
2010, which in the ordinary course should be sometime in February."
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
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) 2010 NANIKA RESOURCES INC. (NKA) All rights reserved.
For more information visit our website at
https://www.nanikaresources.com/ or send
mailto:info@nanikaresources.com
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