November 25, 2011Drilling Mobilisation within a Fortnight at...

November 25, 2011
Drilling Mobilisation within a Fortnight at Jutson Rocks
ASX: GNI
Highlights
• RAB drilling across the main portion of six gold anomalies is to begin with mobilisation within a fortnight.
Drilling will focus on the most promising areas of gold anomalism, including the largest area that has a strike
length of 1.6km and returned the peak gold result of 3.05g/t.
• Based on recent successes, further Bulk Leach Extractable Gold sampling over an extended area and infill
sampling are also planned to commence within two weeks. This will extend and deepen the geochemical
mapping of the structural corridor that is associated with the anomalous gold, platinum and palladium results
returned to date.
• Meanwhile board and management changes have been made within the Company with the name of the
Company to change to Global Metals Exploration NL following Wednesday’s AGM, better reflecting the
current direction of the Company.
RAB drilling to begin within a fortnight
Following the successful announcement earlier this week of the highly encouraging first pass Bulk Leach
Extractable Gold (“BLEG”) geochemistry and auger drilling results in a known gold structural corridor, Global
Nickel Investments NL (“Global Nickel”, “the Company”) has now finalised a drilling contract for a RAB drilling
programme across a large portion of the multiple zones of anomalous gold that were identified in earlier auger
drilling. These auger results included four samples exceeding 100ppb including a maximum value of 3,050ppb
(3.05g/t gold). Mobilisation has been set to occur in under a fortnight, with the RAB programme due to commence
around the 10th of December.
Global Nickel’s flagship Jutson Rocks project covers the full extension of the Jutson Rocks Greenstone Belt
(“JRGB”) located 125km northeast of Laverton, Western Australia. Jutson Rocks includes three project areas
(Jutson Rocks, Mt Venn and Mt Cornell) that are majority held by Global Nickel as well as six additional 100%
held license applications. Together these cover 60 contiguous strike kilometres of the NNW striking JRGB.
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Additional BLEG and infill sampling to commence
In conjunction with the 2,000m RAB programme, follow-up BLEG geochemistry over an extended domain and
further infill auger drilling will also be taking place. This will provide extended mapping of the structural corridor
that is associated with the anomalous gold, platinum and palladium results returned to date. This work is to
commence within two weeks, starting on the 7th of December and is to be completed prior to Christmas. Results
from this program will be released to the market in mid to late January.
This fast-tracked exploration programme demonstrates the Company’s shifting focus towards gold as the JRGB
provides increasingly encouraging gold assays and drilling results.
Change of name and board changes
The Board of Global Nickel is pleased to announce that Mr Carl Swensson has now become Chairman of the
Company, replacing Ms Lia Darby who has now taken on the role of Managing Director. Mr Andrew Mortimer,
Director of Operations, intends to scale back his executive involvement in the Company, needing to focus on his
role at Proto Resources & Investments Ltd. Mr Mortimer will continue as a non-executive director. Further
details will be announced once the Company holds its next remuneration committee meeting however it is not
envisaged that these changes will lead to any additional ongoing cost.
Per resolution of the Company’s AGM on Wednesday 23 November, the name of the Company will also be
changing to Global Metals Exploration NL, better reflecting the current direction of the Company and its shift into
precious as well as base metals.
Ms Darby said today, “I am very pleased to be taking on this role at a time when the Company team is starting to
reap the reward of many years hard work, with the delineation of our exciting gold and platinum anomalies. I look
forward to the base metal assays from the auger drilling as we are set to mobilise our RAB drilling team.”