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Distributed: Sep 14, 2011

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Sydney, Sep 14, 2011 (ABN Newswire) - Following the ASX announcement of 13th September 2011, the Board and Management of Global Nickel Investments NL (ASX:GNI) are pleased to announce the following additional information as to the interpretation of the soil sampling and Bulk Leach Extractable Gold ("BLEG") results within the Company's Jutson Rocks project (EL 38/1540).

All results (both soil sampling and BLEG sampling) have been analysed and anomalous values determined for each of the BLEG (gold), soil sampling (copper) and soil sampling (nickel). In each case the values within the 95th percentile (ie in the top 5% of values) have been considered to be potentially anomalous. With respect to the BLEG, the values considered to be strongly anomalous were those greater than 1.5ppb, with moderate anomalies defined with values greater than 1ppb. The maximum value recorded was 19ppb. The anomalous zones are shown in Figure 1 below. Two of the anomalies are in the order of 2km in strike length.

With respect to the soil sampling, again, anomalous zones were defined by values within the 95th percentile. For nickel, anomalous values were those greater than 550ppm and a maximum value of 1,460ppm was obtained. The sample locations and anomalous zones are shown in Figure 2 below. The nickel anomaly is approximately 1.6 km in strike length. For copper, anomalous zones were defined by values greater than 58ppm (with a maximum value of 104ppm). The copper anomaly is approximately 1.6km in strike length.

All samples (both BLEG and soil samples) were collected from depths of approx 20-25 cm and sieved to minus 4mm before being submitted to the laboratory for analysis.

The Chairman of the Company, Ms. Lia Darby said of the findings "We are very happy with the results as we have interesting gold numbers to follow up with discovery potential and a largish nickel anomaly to further define. We are looking forward to completing the two holes currently underway on GNI's Mt Cornell tenement targeting Electro-Magnetic anomalies."

For the complete Global Nickel Investments announcement including figures, please view:

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About Global Metals Exploration NL

Global Metals Exploration NL (ASX:GXN) is a Sydney-based exploration and investment company that manages mineral and mining assets in Australia and New Zealand.

The Company's is currently developing the Jutson Rocks Gold and Nickel project and the Mt Cornell Gold and Nickel project in Western Australia. The Company is also developing the Round Hill Gold Mine and the Longwoods Tops Igneous Complex Platinum project in New Zealand.


Andrew Mortimer
Executive Director
Global Nickel Investments NL
Mobile: +61-433-894-923

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  Related Industry Topics:

Metals | Financial General | Materials General | Mining | Nickel | 

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