Exploration to Evaluate Resource Extensions to the North, South and Down DipTORONTO, ONTARIO -- (Marketwire) -- 01/20/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that preparations have begun for 3,500 metres of drilling at its 100%-owned Mel sulphide nickel project located approximately 25 kilometres northwest of Thompson, Manitoba.
Drilling to Test Continuity Between Nose Deposit and North Limb, Define North Limb ResourceTORONTO, ONTARIO -- (Marketwire) -- 01/17/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that preparations are underway for drilling in the Nose Deposit and North Limb at its 100%-owned Minago sulphide nickel project in Manitoba. Drilling is expected to begin toward the end of January.
TORONTO, ONTARIO -- (Marketwire) -- 01/10/11 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that T. Michael Young has resigned from the Company's Board of Directors for personal reasons, effective immediately.
Expiry of Vale Back-in Right Means Victory Nickel Can Determine the Pace of Development
TORONTO, ONTARIO -- (Marketwire) -- 09/20/10 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that it has agreed with Vale Canada Limited ('Vale') that Vale's right to earn back an interest in the Company's Mel nickel property, located approximately 25 kilometres from Thompson, Manitoba, has now expired.
2010 Drilling Should Have Positive Impact on Minago EconomicsHIGHLIGHTS:- Assays continue to demonstrate the presence of substantial new domains of nickel mineralization with grades that are in the upper end of the range of grades used to estimate the Minago resource and reserve.
Recent Intersections Include 1.08% Ni Over 70.04m and 305.42m Grading 0.48% Ni
TORONTO, ONTARIO -- (Marketwire) -- 08/19/10 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced results from an additional six drill holes completed in the winter drilling program at its 100%-owned Minago sulphide nickel project, including assays grading up to 1.08% over 70.04m and including 0.48% over a core length of 305.42m.
Assays of 52m of 0.57% Ni and 0.13m of 13.4% Ni indicates resource expansion potentialTORONTO, ONTARIO -- (Marketwire) -- 07/09/10 -- Victory Nickel Inc. (the 'Company') (TSX: NI)(www.victorynickel.ca) today announced additional assays, grading up to 13.4% over 0.13m, that continue to indicate the potential for resource expansion in the North Limb of Victory Nickel's 100%-owned Minago nickel deposit.
Drilling intersects133m of 0.5% Nickel 700 metres north of proposed open pit
TORONTO, ONTARIO -- (Marketwire) -- 06/22/10 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced that the first hole drilled on the 'North Limb' zone in its 2010 winter program at its 100%-owned Minago nickel project returned 133m grading 0.5% nickel, further demonstrating the wide distribution and impressive intersections of nickel mineralization that are not currently included in any resource estimate.
Revised Financial Model Increases IRR to 19.8% and NPV by 21% at 6% Discount Rate
TORONTO, ONTARIO -- (Marketwire) -- 06/21/10 -- Victory Nickel Inc. (the 'Company') (TSX: NI) (www.victorynickel.ca) today announced improved economics for its 100%-owned Minago nickel project in Manitoba. The improvement arises from a reduction in capital cost due to the purchase of refurbished electrical equipment and revisions to the financial model. As a result, the project's base case internal rate of return (IRR) has increased to 19.8% from 17.7% and the net present value (NPV) at 6% discount rate has risen by $85 million to $487.6 million, compared with the results announced by news release on December 14, 2009. Undiscounted cash flow increases to in excess of $1 billion (all figures in $Cdn, unless otherwise indicated).
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