Ads by Google

Nanika Announces Additional Acquisition at Indi Property

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

Copyright (C) 2009 Market Wire. All rights reserved

News Provided by COMTEX


Related terms: acquisition, canada, ceo, exploration, frankfurt, gold, mining, president, property

Related Articles

TSX Venture Exchange is up 19.94 points to 1,428 at noon ET
17 hours 42 minutes ago
...numRatings == 0} - Rate First! {/if} TSX Venture Exchange is up 19.94 points to 1...November 23, 2009 - 12:12 a.m. TSX Venture Exchange is up 19.94 points to 1...Reddit Story Tools TORONTO - The TSX Venture Exchange was trading at 1,428 on...

Zoëtry Agua Punta Cana Opens
Nov 9, 2009
...Wellness & Spa Resorts provide a luxurious indulgence without the guilt. For additional information about these resorts, please visit www.zoetryresorts.com or call toll free at 1.888.4Zoëtry.

TSX Venture Exchange Daily Bulletins - Zibb.com
Nov 19, 2009
...NANIKA RESOURCES INC. ("NKA") BULLETIN TYPE...BULLETIN DATE: November 19, 2009 TSX Venture Tier 2 Company TSX Venture Exchange...the "Agreement") between Nanika Resources Inc. (the "Company") and...

Revenue, Same-Store Sales Down Slightly at Einstein Noah
Nov 6, 2009
...for the conference call are 1-877-407-0784 for domestic toll-free calls and 1-201-689-8560 for international. The conference...may be accessed by dialing 1-877-660-6853 for domestic toll-free calls or 1-201-612-7415 for international. Participants...