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VANCOUVER, BRITISH COLUMBIA, Sep 24, 2009 (MARKETWIRE via COMTEX) --
Nanika Resources Inc. (TSX VENTURE: NKA)(FRANKFURT: C7X) is pleased to announce it has acquired additional property adjacent to its Indi property in the Stewart Mining Camp.
These claims are in addition to the acquisition of claims that were announced by Nanika by news release on September 18, 2009 (available at http://www.nanikaresources.com).
The three claims are owned 100% by Nanika and consist of 178 acres. Two of the claims are contiguous to Nanika's current Indi property and the third property is within approximately 500 meters.
These properties are adjacent to the property that Ascot Resources Ltd. is currently working. By news release on September 22, 2009 Ascot announced drilling results of 11 meters of 50 grams per tonne gold.
Derrick Strickland, P. Geo., a qualified person under National Instrument 43-101 has reviewed the technical content of this release.
About Nanika Resources Inc.
Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located within Canada.
On Behalf of the Board
James D. Jacuta, Chairman, President and CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Nanika Resources Inc. Douglas Kerr 604-638-0699 or Toll Free: 1-866-580-0699 Nanika Resources Inc. Matthew Emery 604-638-0699 or Toll Free: 1-866-580-0699 www.nanikaresources.com
SOURCE: Nanika Resources Inc.
http://www.nanikaresources.com
Tags: acquisition canada ceo exploration frankfurt gold mining president property
Companies: Nanika Resources Inc (NKA), Nanika Resources Inc (NKAFF)
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Junior mineral explorer in Canada. The company is reviewing gold projects in the USA and South America and in October 2004 acquired the Swamp Point aggregate deposit in British Columbia.
http://www.intierra.com/html/companies/Ascot%20Resources%20Limited.htm
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SUMMARY A follow up exploration program was undertaken on the Vancouver Island Ark Property of Ascot Resources Limited. The program involved surface diamond drilling of the Ark ...
Ascot Resources Limited 475 Howe Street, Vancouver, BC V6C 2B3 British Columbia Canada (604) 684-8950 Listed in: Construction > Mining Companies directory
... Anvil Mining Limited 4,244,108 4,554,254 1.8 174,929 Arcan Resources Limited Restricted 664,730 643,739 0.3 54,233 Ascot Resources Limited 107,671 120,940 — 44,186 Ascot Resources Limited Units ...
http://www.frontstreetcapital.com/files/financials_historic/FSCH/FSCH_Financials_2007_SemiAnnual.pdf
- PLAINTIFF: Ascot Resources Limited, c/o 2600- 595 Burrard St., Vancouver (Peter Rubin of Blake, Cassels & Graydon, counsel). DEFENDANT: Spring Creek Aggregates Ltd., 200 - 4630 ...
http://www.canada.com/vancouversun/news/business/story.html?id=d9876a14-c686-4785-9257-927dd4cee89e