Victory Nickel Edges Lower, Closer To Yr Lows;
Victory Nickel Inc. (NI.TO) has edged down 0.5 cents to 9 cents, leaving it just above an existing year low of 8.5 cents after today announcing 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.
Eight drill holes in the 3,459 metre drill program were collared along 518 metres of Mel Deposit strike length to target the down-dip extension to nickel mineralization. The current resource extends to a depth of 183 metres, and these eight drill holes tested between 185m and 300m vertically. Of particular note is the nickel mineralization obtained from DDH M-11-10, the southernmost and deepest drill hole collared in the current program, where 13.71m grades 0.96% Ni, including 2.64% Ni over 1.2m.
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