Nitinat Minerals Corporation (TSX VENTURE: NZZ) ("Nitinat") is
pleased to announce the commencement of the initial phase of the
2011 field work program on its 100% owned Jasper Property, designed
to follow up positive results from the 2010 program. Nitinat
acquired 100% interest in the Jasper Property from Inspiration
Mining Corporation ("Inspiration") through a purchase agreement
dated December 1, 2007, in exchange for special warrants of
Nitinat.
The Jasper Property is located on west-central Vancouver Island,
British Columbia, and consists of 10 mineral claims covering 6,615
hectares. Historical and recent exploration work from 1956 to 2010
has discovered numerous occurrences of stringer and massive base
metal sulphide minerals including chalcopyrite, sphalerite and
galena within a co-incident quartz-sericite-pyrite alteration
zone.
Sixteen (16) new and unexplained soil geochemical anomalies and
nine (9) additional metallic bedrock mineral showings were
discovered on the Jasper Property by Inspiration during the last
major field program conducted in 2004. Highlights from
representative bedrock chip sampling of both previously known and
new mineral showings are as follows:
-- Jasper - 3.2% Cu, 9.2% Zn, 12 g/t Ag, 0.125 g/t Au over 1.3 m. width
from one of two semi-massive bands of pyrite, chalcopyrite, sphalerite
and minor galena exposed over a strike length of 44 m. in logging road
cuts
-- Pan (North) - 3.2% Cu, 12.6% Zn, 0.6% Pb, 29 g/t Ag, 0.095 g/t Au over
2.0 m. width from a cross-cutting sulphide stringer zone, and contains a
massive sulphide layer of sphalerite and galena exposed over a strike
length of 30 m. which yielded 16.2% Zn and 2.7% Pb over 0.25 m. width
exposed in a logging road cut
-- Pan (South) - 2.1% Cu, 22.3% Zn, 17.2% Pb, 26 g/t Ag, 0.15 g/t Au over
1.9 m. from massive sulphides containing sphalerite, galena and
chalcopyrite exposed in a logging road cut and across the road bed
-- Upper 4 Mile Creek - 1.95% Cu, 0.16% Zn, 5.6 g/t Ag, 0.03 g/t Au over
0.9 m. containing disseminated, clustered and veinlet pyrite and
chalcopyrite, exposed in outcrop along the side of a creek for 125 m.
-- Camp View - 1.36% Cu, 0.056% Zn, 4.0 g/t Ag, 0.02 g/t Au over 0.6 m.
containing disseminated to blebby pyrite and chalcopyrite exposed in two
adjacent outcrops of altered volcanics
-- South Camp Creek Road - 6.86% Cu, 0.01% Zn, 35 g/t Ag, 0.03 g/t Au over
1.3 m. from cherty zone containing massive sulphides exposed in a
logging road cut
-- Upper Pan - 0.81% Cu, 0.025% Pb, 0.044% Zn, 3.7 g/t Ag, 0.09 g/t Au over
3.0 m. from altered volcanics containing up to 20% sulphides exposed in
a trenched outcrop
The 2010 field work program consisted of focused prospecting, rock sampling
and grid-based soil geochemistry to follow up the 16 unexplained soil
geochemical anomalies in the Main Grid area of the property. The soil grid
geochemistry work established ten new prospecting targets, and the
prospecting and rock geochemistry work discovered three new sulphide mineral
occurrences in 2010. In summary, the Jasper Property has copper-zinc-lead-
silver mineralization exposed discontinuously in rocks over an elongated
north-south area of 3 km. x 0.5 km with generally co-incident elevated soil
geochemistry values in the same target elements, plus barium, bismuth,
cobalt, and/or molybdenum. Results to date include:
The soil grid extensions northwest and southeast of the Jasper Main Grid
established ten new prospecting targets, with geochemistry highlights as
follows:
-- Sample 21098, a single sample site yielded 58.6 ppm lead, and is open an
untested along slope to the southeast of the grid
-- Samples 21134 and 21248-21451 inclusive, a five sample site covering an
area 200 metres by 50 metres, yielded up to 130 ppm arsenic, 290 ppm
barium, 1.39 ppm cadmium, 11.3 ppm molybdenum, 134.5 ppm lead, 1.63 ppm
antimony, and 293 ppm zinc
-- Sample 21235, a single sample site, yielded 1395 ppm copper
-- Sample 21156, a single sample site, yielded 0.031 ppm gold
-- Samples 21229 and 21230, two adjacent samples 50 metres apart, yielded
up to 473 ppm copper and 9.35 ppm molybdenum
-- Samples 21088 and 21127, 100 metres apart, yielded up to 1.5 ppm
cadmium, 125.5 ppm copper, 116.5 ppm lead and 365 ppm zinc, and are open
and untested uphill to the northeast of the grid
-- Samples 21223 and 21224, two adjacent samples 50 metres apart and south
of the Camp View Showing discovered in 2004, yielded up to 0.281 ppm
gold, 409 ppm copper, 103.5 ppm lead and 613 ppm zinc
-- Sample 21219, a single sample site, yielded 6.46 ppm molybdenum, and is
open and untested uphill to the west of the grid
-- Samples 21121 and 21213, two sites 50 metres apart, yielded up to 193
ppm copper, and are open and untested uphill to the west of the grid
-- Samples 21070-72 inclusive, 3 consecutive samples over 100 metres,
yielded up to 230 ppm barium, 33.1 ppm cobalt and 566 ppm copper
Two new base/precious metal sulphide mineral occurrences were discovered and
sampled in outcrop, and one other in float, all within the area of the
expanded Jasper Main Grid, with geochemistry highlights as follows:
-- Samples 17929 & 17930 - quartz-sulphide veins 0.15 to 0.5 metres thick
hosted by porphyritic tuff exposed in Camp Creek, containing
chalcopyrite and pyrite, which yielded up to 15.3% copper and up to 17.2
g/t silver
-- Sample 21458 - sulphide breccia zone exposed in outcrop, containing
chalcopyrite, which yielded 1.01% copper and 10.5 g/t silver
-- Sample 17928 - quartz-sulphide stringers in silicified porphyritic tuff
from a 0.6 metre diameter road-cut float boulder, containing pyrite,
galena, sphalerite, chalcopyrite, pyrrhotite and molybdenite, which
yielded 0.113 g/t gold, 17.8 ppm molybdenum, 0.311% lead and 0.371%
zinc.
Copper/Iron skarn mineralization in a 0.25 metre diameter float boulder was
located and sampled in a creek near the Avallin MINFILE occurrence, and
contained chalcopyrite, magnetite and garnets, with geochemistry highlights
as follows:
-- Sample 17968 yielded 0.116 g/t gold and 1.99% copper
The initial phase of the 2011 work program will consist of a
focused ground geophysical gravity survey over the southern 1 km x
0.5 km. portion of the Main Grid area of the property, access road
repairs, and mechanized trenching of selected targets. This work
will facilitate and help guide the second phase of the 2011 work
program, consisting of up to 2,000 metres to test selected
geological, geochemical and/or geophysical targets by diamond
drilling. The timing of the work will be in June for the initial
phase, and September for the second phase.
Complete details of the historical work completed on the Jasper
Property can be found in the Corporation's technical report which
can be viewed through the Corporations homepage on the SEDAR
website (www.sedar.com).
The field work program is being supervised by Jacques Houle,
P.Eng., a Qualified Person pursuant to National Instrument 43-101.
Mr. Houle has reviewed the contents of this news release.
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 Herb Brugh Secretary of
the Corporation 416.842.9000 www.nitinatminerals.com For Investor
Relations call: 604.221.7604 604.221.7606 (FAX)
galecapital@shaw.ca
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