This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Fletcher Nickel testing extends Texmont mineralization 2009-09-08 13:26 ET - News Release Mr. Bruce Hodgman reports FLETCHER NICKEL REPORTS TEXMONT PROJECT STATUS Fletcher Nickel Inc.'s compilation of data from its drilling campaign at the Texmont mine has been concluded and modelled and initial metallurgical and refining test results have also been received. Large-tonnage near-surface nickel resource extends north of Texmont mine The geological assessment of the data has determined that a potentially large-tonnage nickel deposit, which may be minable by open pit, has been indicated. Mineralization extending north of the Texmont mine has been found to continue for about 800 metres along strike, increasing the overall strike length to approximately 1,100 metres. "The IP and magnetic geophysical interpretations have been highly predictable in directing the drilling of the extension of the nickel mineralization to the north of the historical Texmont deposit," said vice-president of exploration, Joerg Kleinboeck, the company's qualified person. "There are substantial targets to the north and south of the Texmont deposit that we have identified from the prospecting, mapping and geophysical programs completed in 2008 and 2009 that remain to be drill tested. This work is warranted to test the potential for additional nickel sulphide mineralization adjacent and along strike of the Texmont deposit." The remainder is available to Stockwatch subscribers.
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