Emu Nickel NL (ASX:EMU) Encouraging Drilling Results At The Windy Knob (ASX:WRK) Joint Venture

Perth, Sep 21, 2009 AEST (ABN Newswire) - Emu Nickel NL (ASX:EMU) has completed a first pass aircore drilling programme at the Windy Knob Joint Venture (ASX:WKR) situated 55km south of Meekatharra in the Murchison region of WA. The drilling programme comprised 84 holes totalling 5,125m aimed at testing several geological, geochemical and geophysical targets near the recent Austin volcanogenic massive sulphide (VMS) discovery where significant copper-zinc-gold drill intersections have been reported.

One of Emu's main target areas, termed Defiance, is situated 2km northeast of Silver Swan Group's Austin discovery and comprises a series of distinct aeromagnetic anomalies covering a zone 1km in length where a historical drill hole was reported to intersect anomalous zinc values (drill hole QAC21; 30m @ 0.25% Zn from 36m). Three drill traverses were completed at Defiance. Six drill holes on the central traverse intersected anomalous copper or zinc values over a significant width of 80m. Drill hole WKAC04 terminated in a banded silicamagnetite rock containing anomalous copper (0.13%), zinc (897ppm) and gold (17ppb), coinciding with the top of a magnetic target defined from aeromagnetic data. Drill hole WKAC76 returned a best intercept of 4m at 0.31% Cu from 80m.

On the northern of the three Defiance drill traverses about 230m northeast of the central traverse, drill hole WKA 26 intersected 1m at 2.35g/t gold from 72m, and adjacent hole WKA25 (40m southeast) intersected 3m at 56ppb gold from 72m, indicating a gold anomalous zone in this area.

To the west of Austin, drill hole WKAC45 intersected a silica-magnetite horizon with anomalous zinc (4m at 538ppm from 24m). To the northwest of Defiance, drill hole WKAC66 intersected anomalous gold in silica-magnetite horizon (5m at 51ppb from 52m).

The broad anomalous copper-zinc zone at Defiance, the anomalous gold at Defiance and the other anomalous zones associated with silica-magnetite alteration are considered to be most encouraging indicators of VMS mineralisation in the joint venture area surrounding the Austin VMS discovery. In particular the large magnetic target remains as a substantial VMS target Under the terms of a joint venture with Windy Knob Resources (ASX:WKR), Emu may earn a 51% interest in a 273sq km package of tenements by sole funding exploration over a three year period. Emu has commenced a detailed ground magnetic survey over the base metal and gold-anomalous areas and is planning ground EM or gravity surveys at Defiance in preparation for deeper drilling of the copper, zinc and gold-anomalous magnetic targets.

For the complete Emu Nickel ASX Announcement, please click the link below:

http://www.abnnewswire.net/media/en/docs/61465-ASX-EMU-460726.pdf

Contact

Roger Thomson Technical Director Tel: +61-8-9226-4266 Mob: +61-419-969-183 Email roger@emunickel.com.au George Sakalidis Managing Director Tel: +61-8-9226-4266 Mob: +61-411-640-337 Email george@emunickel.com.au