Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	GNI
Latest Price:	0.00 (0.00%)
52-week High:	0.01
52-week Low:	0.01

1 year chart

1 day chart

Global Nickel Investments

Global Nickel Investments (ASX: GNI) is principally engaged in mineral exploration, with a number of prospective tenements in Western Australia, New Zealand and Turkey.

Global Nickel Investments commences major VTEM exploration survey at Jutson Rocks

Thursday, December 10, 2009

Australian-based explorer Global Nickel Investments (ASX: GNI) has kicked off a major 1,215 line km helicopter-borne electromagnetic VTEM survey over the Company’s multi-mineral Jutson Rocks and Mt Cornell Projects in Western Australia.

Following the announcement, shares in the company jumped 10.5% to 4.2c.

The survey - anticipated to take between 7 and 10 days to complete – is the first electro-magnetic survey to be conducted over the highly prospective Jutson Rocks Project to test the area’s mineral profile and to generate targets for follow-up.

The project area is located approximately 125km northeast of Laverton in the Eastern Goldfields.

Previous exploration there has already defined areas of gold, nickel, copper, platinum and palladium anomalism through soil and rock chip sampling.

GNI Managing Director Benjamin Heath Cooper said no modern exploration had been carried out on the project until now, with historic assays returning amazing results like 208g/t Gold, as well as 1.31ppm Platinum, and 3.2% Copper.

“Launching a major VTEM survey across Jutson Rocks represents a unique opportunity for GNI to capitalise on advances in technology to test a large strike extent of the Archaean Mt Venn Greenstone Belt which has not been tested previously by electromagnetics,” Mr Cooper said.

GNI has commissioned Geotech Airborne to conduct the VTEM survey which will be supervised and interpreted by experienced VTEM specialists Southern Geoscience Consultants.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.