15 January 2008 SIGNIFICANT GOLD RESULTS FOR NICKELORE Highlights • Nickelore reports excellent drilling results from continued exploration at the Company’s Bardoc Gold Project near Kalgoorlie. • The latest results include intersections of 4m @ 6.8 g/t Au from 19 metres and 4m @ 3.5 g/t Au from 53 metres • Infill and extension drilling has confirmed continuous mineralisation over 350m strike length, open to the south and at depth. Nickelore Ltd (ASX:NIO) today announced results from infill RC drilling at the Big Blow North prospect in M24/890 at it’s Bardoc Gold Project, 50 kms north of Kalgoorlie. The ten-hole Reverse Circulation (“RC”) drill program included intersections of 4m @ 6.8 g/t Au from 19 metres, 4m @ 3.5 g/t Au from 53 metres, 4m @ 2.6 g/t Au from 30 metres and 3m @ 2.5 g/t Au from 26 metres. The majority of these drill intersections in the mineralised zone at Big Blow North are less than 40m below the surface, supporting the potential for an open-pit mining operation at this prospect. At the southern limit of drilling, the mineralised intercepts are wider but of lower grade. The mineralisation is still open to the south and at depth.
NIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
