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A Penny For Your Stocks Features Victory Nickel (T.NI)
A Penny For Your Stocks Features Victory Nickel (T.NI)
2/15/10 (Free Press Release.com) -- A Penny For Your Stocks, a leading penny stock /small-cap information site, released its latest featured company Victory Nickel (T.NI)
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 15, 2010 --
Victory Nickel Inc. is a growth-oriented Canadian nickel company with over 900 million pounds of in-situ nickel in measured and indicated resources, and an additional 244 million pounds of in-situ nickel in inferred resources at its Minago, Lynn Lake, Mel and Lac Rocher sulphide nickel deposits.
Minago is one of Canada's largest undeveloped sulphide nickel deposits and has been shown to be capable of producing a nickel concentrate grading up to 22.3%, making it the world's highest grade nickel concentrate. In addition to metal by-products such as copper, cobalt, gold, platinum, palladium, silver and rhodium, a layer of silica sand averaging approximately 9 metres thick overlies the nickel mineralization within the open pit. With the optimum grading splits, approximately 84% of this 15 million tonne National Instrument 43-101 ("NI 43-101")-compliant Indicated sand resource, effective as of September 9, 2009, (see the technical report of Wardrop dated August 20, 2009 and entitled "Minago Frac Sand Ni 43-101 Compliant Technical Report") is marketable frac sand, which is used to improve recoveries in the oil and gas industry. The frac sand forms part of the overburden that must be removed prior to mining the nickel ore. According to the DFS, production of frac sand could begin 20 months after the start of mine development.
A Penny For Your Stocks (http://www.squidoo.com/apennyforyourstocks is focused on the small-cap/penny stock market. A Penny For Your Stocks does not receive any reimbursement in any form from third parties and/or the companies that are featured on its site.
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