Victory Nickel Inc. , today announced positive results from six more drill holes on its 100%-owned Minago sulphide nickel deposit in Manitoba’s Thompson Nickel Belt.

The company reported that the 2010 winter program shows the presence of additional nickel mineralization in under-drilled areas of the deposit.

These new intercepts are significant because mineralization that was previously considered waste in the Minago Definitive Feasibility Study can now be included to enhance project economics. If additional significant nickel is discovered, the overall grade of the deposit could increase.

‘The results provide continuing confirmation of the widespread nature of nickel mineralization at Minago as well as the presence of significant domains of strong nickel grade within the deposit. ‘These very wide intersections confirm the extraordinary nickel endowment at Minago – one of Canada’s largest undeveloped sulphide nickel resources.’
- Paul Jones, Vice-President, Exploration.

This comprises part of a 23 drill-hole program that targeted the portion of the Minago Nose Deposit resource located within the confines of the contemplated open pit.

Additionally, three holes were drilled on the North Limb mineralization to the north outside of the current resource area. The results tabulated here, combined with the results of seven holes previously reported, show significant total nickel intercepts within an extensive domain of nickel mineralized ultramafic rock that define the global resource at Minago.

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