Significant Open Ended Electromagnetic Conductor At Emu Nickel NL (ASX:EMU) Binti South Emu Lake Joint Venture

Emu Nickel NL (ASX:EMU) announces that recent interpretation of downhole EM (DHEM) data and further processing of existing fixed loop ground EM (FLEM) have confirmed the presence of 500m-long x 150m (down dip) EM conductor at Binti South, part of the Emu Lake joint venture situated 70km north east of Kalgoorlie.

The FLEM survey completed in 2009 identified a conductive trend parallel to the ultramafic rocks in this area. Several higher conductance targets were drill tested with results summarised in Emu's ASX release of 6 November 2009. Each of the completed drill holes were surveyed by DHEM which yielded further conductive targets.

DHEM surveys in drill holes ELD039 and ELD042A detected late-time, conductive anomalies striking south east from the holes.

Of significance, ELD042A intersected two zones of nickel sulphide mineralization including:

- 0.21m @ 6.32% Ni from 282.28m associated with a small conductor, interpreted to be 50m wide x 50m in strike length.

- 1.57m @ 1.14% Ni from 393.43m, including 0.45m @ 2.67% Ni, associated with a distinct conductor interpreted to be 500m in strike length and 150m down dip, but of lower conductance. This conductor could be open to the south. The locations of the interpreted conductors are shown in the cross section in Figure 3 (see link at the bottom).

Further FLEM surveys are planned in June 2010 to infill gaps in the previous survey coverage and to identify targets for diamond drilling. Emu Nickel is most encouraged by this large EM conductor which is known to be associated with nickel sulphides and which may remain open to the south. Diamond drilling of this highly prospective target remains a priority for Emu.

As previously reported, Emu has earned 80% of Image Resources' (ASX:IMA) (PINK:IMREF) 33 1/3% interest in the Emu Lake JV and has elected to proceed to earn the remainder of this interest. The balance of 66 2/3% is held by Xstrata Nickel Australasia.

For the complete Emu Nickel NL announcement including figures, please view the following link:

http://www.abnnewswire.net/media/en/docs/62973-ASX-EMU-492663.pdf

About Emu Nickel NL

Emu Nickel is an active, nickel-focused, Australian-based mineral explorer with a significant portfolio of projects in Western Australia ranging from grassroots to advanced nickel sulphide projects.

Incorporated in 2007, Emu Nickel was formed to farm-in to Image Resources’ extensive portfolio of nickel projects in the Eastern Goldfields and Forrestania-Southern Cross nickel provinces and in turn allow Image to focus on its core mineral sand projects.

The Company's objective is to discover high-value nickel sulphide deposits in Australia by exploring its portfolio of projects in order to create wealth for its shareholders. Emu aims to achieve this objective by the application of sound geoscientific and commercial criteria and, where appropriate, by partnering with other companies which have the skills and financial resources to add value to Emu Nickel’s projects.

 

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