jv newsNANIKA RECEIVES INDI PROPERTY DRILL PERMIT
Nanika Resources Inc. has received a permit for a drill program on the Indi property located approximately 24 kilometres north of the town of Stewart, B.C. Due to encouraging results from the recent work done on the adjacent Silver Coin property Nanika believes that a further work program is warranted on Indi at this time and is in the process of sourcing contractors to undertake the program.
Nanika will be operating the work program pursuant to the terms of a joint-venture agreement with Jayden Resources Inc. and Mountain Boy Minerals Ltd. that includes the Indi 9 to 12 claims.
Jayden Resources disclosed 2010 drill results with 55 metres grading 8.42 grams per ton gold, including seven metres grading 32.89 grams per ton gold, at the adjacent Silver Coin project by news release in Stockwatch on Oct. 14, 2010. It has been established by previous work that a portion of the mineralization on Indi extends from Silver Coin
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