Project Optimization Increases IRR Further to 22.9% and Improves NPV by 47.8% at a 6% Discount TORONTO, ONTARIO -- (Marketwire) -- 08/10/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced improved economics for ...
Drilling Highlights Potential for Expansion of Open Pittable Nickel Resource
TORONTO, ONTARIO -- (Marketwire) -- 08/08/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that drilling has identified a previously unknown western extension of nickel mineralization in the Nose Deposit at its 100%-owned Minago nickel project in Manitoba. These results highlight the potential to add to the mine life in the Nose Deposit, which contains the entire current Minago resource.
Southern Part of Deposit to be a Focus of Drilling Going ForwardTORONTO, ONTARIO -- (Marketwire) -- 08/03/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that it has identified a depth extension to the known sulphide nickel resource at its 100%-owned Mel project located 25 kilometres north of Thompson, Manitoba.
Five Drill Holes Test North Extension of North Limb, Continue to Confirm Continuity and Grade
TORONTO, ONTARIO -- (Marketwire) -- 07/25/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced further results from drilling conducted on the North Limb nickel-mineralized domain at its 100% owned Minago Nickel Project located on the Thompson Nickel Belt approximately 485 kilometres north of Winnipeg, Manitoba.
Drilling to Provide Data for First Tonnage and Grade Estimate of North Limb Mineralization
TORONTO, ONTARIO -- (Marketwire) -- 07/20/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced additional positive analytical results that continue to confirm the continuity of the North Limb nickel mineralized domain at the 100% owned Minago sulphide nickel project situated on Manitoba's Thompson Nickel Belt.
Granting of This Licence Opens the Door to Development of the Minago Mine
TORONTO, ONTARIO -- (Marketwire) -- 06/29/11 -- The following corrects and replaces the release issued today June 29, 2011 at 12:05 pm ET for Victory Nickel Inc. In the fifth paragraph it stated 'The Minago open pit will produce approximately 110 million pounds of nickel per year' and it should have stated 'The Minago open pit will produce approximately 26 million pounds of nickel per year'. The complete and corrected release follows:
Granting of This Licence Opens the Door to Development of the Minago MineTORONTO, ONTARIO -- (Marketwire) -- 06/29/11 -- Victory Nickel Inc. ('Victory Nickel' or 'the Company') (TSX: NI) (www.victorynickel.ca) today announced that it has received a draft of the Environment Act Licence (the 'Licence') for its Minago Nickel Project in central Manitoba.
Widths and Grades Similar to Nose DepositTORONTO, ONTARIO -- (Marketwire) -- 06/28/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced analytical results from five holes drilled in the 'North Limb' nickel-mineralized domain at its 100% owned Minago Nickel Project located on the Thompson Nickel Belt approximately 485 kilometres north of Winnipeg, Manitoba.
TORONTO, ONTARIO -- (Marketwire) -- 05/25/11 -- Victory Nickel Inc. ('Victory Nickel' or the 'Company') (TSX: NI) (www.victorynickel.ca) announced today that it has completed a non-brokered private placement financing of 8,695,652 flow-through units at a subscription price of $0.115 per flow-through unit. The Company raised gross proceeds of $999,999.98. Each flow-through unit consisted of one common share of the
2010 Drill Program Exceeds Expectations With Respect to Impact on Tonnes, Grade and Nickel Content
TORONTO, ONTARIO -- (Marketwire) -- 05/02/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI)
Highlights:
-- The 2010 winter drill program was very successful at expanding the pit- constrained nickel resources at Minago. This is ultimately anticipated to have a positive impact on project economics. -- The measured and indicated NI-43-101 pit-constrained resource is now 302.3 million pounds of sulphide nickel (NiS), up 23.9% from the 243.9 million pounds estimated in the Minago feasibility study (FS). -- Tonnage in the measured and indicated pit-constrained NiS resource has increased by 20.6% to 31 million tonnes from 25.7 million tonnes. -- The average grade of the measured and indicated pit-constrained NiS resource has increased to 0.443%, from 0.430%. -- As expected, inferred pit-constrained NiS resources have decreased by 85.7% to 200,000 tonnes due to successful upgrading to measured and indicated. -- The updated pit-constrained resource represents a potential open pit mine life of 8.6 years, an increase of 1.5 years of mine life based on a 10,000 tonne per day mining rate.
Drilling to Further Evaluate North Limb Mineralization, Deep Extension to Minago DepositTORONTO, ONTARIO -- (Marketwire) -- 02/28/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) announced that three drill rigs are on site and that diamond drilling is underway at its 100% owned Minago Nickel Project located on the Thompson Nickel Belt approximately 485 kilometres north of Winnipeg, Manitoba.
TORONTO, ONTARIO -- (Marketwire) -- 02/01/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that its 3,500 metre winter drilling program (see news release dated January 20, 2011) has commenced at its 100%-owned Mel sulphide nickel project, 25 kilometres north of Thompson, Manitoba.