Continental Nickel Announces Appointment of Study Manager for Ntaka Hill
June 08 2011 - 8:05AM
Marketwired
Continental Nickel Limited (TSX VENTURE: CNI) ("CNI" or the
"Company") is pleased to announce the appointment of Stewart
Watkins as Study Manager for the Ntaka Hill Project. In this role
Stewart will be responsible for delivery of the Ntaka Hill Scoping
Study scheduled for completion in October 2011. He will also be
responsible for the environmental and social base line studies and
long lead environmental test work necessary to achieve
environmental approval of the project as well as the ongoing
metallurgical test work program. The project is a 75:25 Joint
Venture between CNI and IMX Resources Limited ("IMX") of Australia.
Stewart is a Metallurgist and joined CNI from Sedgman Limited
where he was most recently responsible for Business Development
aimed at expanding Sedgman into the minerals processing arena in
Australia. Stewart worked previously for Intermet Engineering, a
company of which he was a part owner that was purchased by and
consolidated into Sedgman, as Processing Manager. This position
included roles as Project, Study and Commissioning Manager on a
range of international projects. Prior to this he spent six years
with Fluor Australia/Signet Engineering as a Senior Processing
Engineer responsible for the process design and commissioning of a
range of complex processing plants in Australia and Africa.
John Nitschke, Chairman and Acting Chief Executive Officer for
CNI, commented "Stewart completes the team of people that we need
to deliver the three things that we need to do this year - expand
the resources at the new Sleeping Giant Resource that is still open
in all directions, continue to explore the broader Nachingwea
tenements including following up the very exciting malachite
showing that was uncovered by artisanal miners over the wet season
and demonstrating the value of Ntaka Hill by the completion of a
Scoping Study."
About Continental Nickel
Continental Nickel Limited is focused on the exploration,
discovery and development of nickel sulphide deposits in
geologically prospective, but under-explored regions globally. The
Company's key asset is its 75% interest in the Nachingwea project
in Tanzania, where NI 43-101 compliant Mineral Resources (Measured
and Indicated) have defined 60,900 tonnes of contained nickel and
an additional 131,000 tonnes of contained nickel in Inferred
Mineral Resources. The project is a 75:25 exploration joint venture
between the Company and IMX Resources Limited of Australia.
The Company also has an option to joint venture on the St.
Stephen project in New Brunswick, Canada where the 2010 diamond
drill program discovered new Ni-Cu sulphide zones.
Continental Nickel Limited has 39,130,508 shares issued and
outstanding (46,559,914 on a fully-diluted basis) and trades on the
TSX Venture Exchange under the symbol CNI. The Company remains
well-funded with over C$8.7 million in the treasury as at March 31,
2011.
On behalf of Continental Nickel Limited
John Nitschke, Executive Chairman and Acting CEO
CAUTIONARY STATEMENT: This News Release includes certain
"forward-looking statements". All statements other than statements
of historical fact included in this release including, without
limitation, statements regarding potential mineralization,
potential or estimated metal recoveries, resources and reserves,
exploration results, future plans and objectives of Continental
Nickel Limited, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from Continental Nickel Limited's expectations
are the risks detailed herein and from time to time in the filings
made by Continental Nickel Limited with securities regulators.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. No stock exchange, securities
commission or other regulatory authority has approved or
disapproved the information contained herein.
Contacts: Continental Nickel Limited John Nitschke Executive
Chairman and Acting CEO +1 61 407 081 446 (905) 815-0532 (FAX)
info@continentalnickel.com www.continentalnickel.com
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