NIKOS Announces Grant of Stock Options
February 28 2014 - 5:00PM
Marketwired
NIKOS Announces Grant of Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 28, 2014) -
Nikos Explorations Ltd. (TSX-VENTURE:NIK) ("Nikos" or the
"Company") is pleased to announce that the Company's board of
directors has approved the grant of 750,000 stock options to the
Company's directors and officers pursuant to the Company's Stock
Option Plan. The options are exercisable at $0.05 per share, and if
not exercised, expire February 27, 2019, subject to earlier
expiration in accordance with the Stock Option Plan and the
applicable policies of the TSX Venture Exchange.
About Borden Lake Extension:
The Borden Lake Extension Project lies immediately east of Probe
Mines' Borden Lake gold property where recent exploration has
defined pit constrained indicated resources of 3,686,000 ounces of
gold (112,844 M tonnes grading 1.02g/t gold) and inferred resources
of 625,000 ounces of gold (18,036 M tonnes grading 1.08g/t gold) at
a 0.5g/t cut-off grade. Exploration carried out by Nikos is the
first known work on the property, which is located in the
Kapuskasing structural zone. Nikos holds an option to earn a 100%
interest in the property. Note that mineralization on the Probe
Mines property may not be representative of mineralization that may
be found on the Nikos Property, nor is there any guarantee that
economic mineralization will be identified on the Nikos
Property.
About Nikos Explorations:
Nikos Explorations is a Canadian based mineral exploration
company focused on the acquisition and exploration of prospective
gold projects in the Americas. The company has 44,475,406 shares
issued and outstanding and trades on the TSX Venture Exchange under
the symbol NIK.
Roger Moss, PhD., P. Geo., is the qualified person for all
technical information in this release.
Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Nikos Explorations Ltd.Roger
MossPresident416-516-6050www.nikosexplorations.com