Nitinat to Commence Exploration on the Jasper Property
November 17 2009 - 9:27AM
Marketwired
Nitinat Minerals Corporation (the "Corporation") (TSX VENTURE: NZZ)
is pleased to announce that it intends to commence exploration work
on the Jasper Property for base and precious metals, including
molybdenum, immediately after the Corporation is able to secure the
necessary personnel to carry out the work program and assuming that
the weather permits the commencement of the work program.
The Jasper Property, which contains volcanogenic massive
sulphide (VMS) and associated porphyry-related mineralization, is
located in the Victoria Mining Division, southwestern Vancouver
Island, British Columbia, Canada and covers 6,615 hectares.
Complete details of the Jasper Property can be found in the
Corporation's prospectus which can be viewed through the
Corporations homepage on the SEDAR website (www.sedar.com).
Exploration evidence gathered to date indicates that the
geological setting of the Jasper Property is favorable for two
styles of mineralization: (i) Noranda/Kuroko massive sulphide
copper-zinc-lead-silver-gold mineralization syngenetic with the
Jurassic-aged host rocks; and (ii) porphyry copper-gold-molybdenum
mineralization and related copper skarn and epithermal
gold-silver-copper mineralization of Jurassic or possible younger
Eocene age.
Initial work will consist of follow-up ground truthing of 22
anomalies delineated by a recent helicopter-borne electromagnetic
and aeromagnetic survey. Prospecting, mapping, and trenching will
prioritize 16 new geochemical anomalies from previous work for
drill testing, in addition to the 13 known copper-zinc-lead
sulphide showings already located in outcrop during previous
exploration campaigns.
Progress from field work will be reported when assay results
from sufficient samples are in hand. Drill testing of prioritized
targets is expected to commence immediately after the completion of
the ground truthing.
The Qualified Person in charge of the Jasper Property and the
person who prepared the technical data in this release is Jacques
Houle, P. Geo.
This update contains "forward looking statements" within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and applicable Canadian securities legislation.
Generally, these forward looking statements can be identified by
the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Nitinat is subject to significant
risks and uncertainties which may cause the actual results,
performance or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by the forward looking statements contained in this release.
Nitinat cannot assure investors that actual results will be
consistent with these forward looking statements and Nitinat
assumes no obligation to update or revise the forward looking
statements contained in this release to reflect actual events or
new circumstances.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Nitinat Minerals Corporation Marc Branson Director
604.816.2555
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