Anglo-Knight JV intersects more nickel (August 08, 2007)

Anglo American (AAUK-Q), drilling at the West Raglan nickel property in the Nunavik district of northern Quebec, has intersected more nickel mineralization on the property joint ventured with Knight Resources (KNP-V).

Hole WR07-130 intersected 3.5 metres grading 3.22% nickel, 1.93% copper, 0.99 gram platinum and 3.35 grams palladium per tonne. The interval included a 1.05-metre length of higher-grade mineralization that ran 8.6% nickel and 91 grams palladium.

The intersection was in an ultramafic sill and consisted of disseminated, net-textured and massive sulphides. The sill appears to be the same one intersected in earlier drilling 590 metres to the west, where a drill hole intersected 28.7 metres grading 1.06% nickel, 0.36% copper, 0.96 gram palladium and 0.24 gram platinum per tonne, followed by 5.9 metres that ran 2.98% nickel, 0.68% copper, 1.6 grams palladium and 0.41 gram platinum per tonne.

The true widths of the mineralization in those two holes were likely between 85% and 90% of the drilled length.

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