Ministry Grants Matanzas License to Jaguar Nickel.TORONTO -- Reconnaissance results indicate strong potential for nickel laterite laterite Soil layer rich in iron oxide and sometimes aluminum, derived from a wide variety of rocks by leaching. It forms in tropical and subtropical regions where the climate is humid. deposit Jaguar Nickel Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :JNI (Java Native Interface) A programming interface (API) in Sun's Java Virtual Machine used for calling native platform elements such as GUI routines. RNI (Raw Native Interface) is the JNI counterpart in Microsoft's Java Virtual Machine. JNI - Java Native Interface ) today announces that the Company has been granted a new exploration license ("Matanzas license") by the Ministry of Energy and Mines of Guatemala. The Matanzas license covers an area of 28 km 2 and together with the Quisis exploration license and the Rio Colorado application for license forms part of a 12 km long contiguous block located west of the Sechol Project and lying within the Baja Verapaz ophiolitic belt, a belt that includes major nickel deposits. The block of licenses is centered on the town of La Union Barrios Barrios is a name of Hispanic origin. The name may refer to: Persons
Two main laterite occurrences have been identified thus far within the licensed area and Rio Colorado application. Preliminary field investigations by Jaguar include 35 auger holes up to 13 meters deep completed within the Quisis license area with Ni grades up to 1.11% encountered at shallow depth. The auger holes did not penetrate into the saprolite sap·ro·lite n. Soft, partially decomposed rock rich in clay and remaining in its original place. saprolite zone. There is evidence from field reconnaissance work in the Matanzas area of a laterite profile averaging in excess of 10 metres of limonite limonite (līm`ənīt) or brown hematite (hĕm`ətīt, hē`–), yellowish to dark brown mineral, a hydrated oxide of iron, FeO(OH)·nH2 . Our experience in other similar areas leads us to believe that greater or similar thicknesses of saprolite material lies below the limonite. "These results are encouraging and indicative of the strong potential for nickel laterite development within the area", indicates Mr. Richard Weizenbach, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Follow-up detailed mapping and pitting is planned to establish the full extent of laterite development at the Matanzas license. Jaguar's revised minerals rights holdings in Guatemala now include 14 granted licenses and 5 licenses under application including one extension. Maps identifying the Matanzas license and the other Jaguar licenses and applications for license in Guatemala can be viewed on the company's website (www.jaguarnickel.com). Exploration work on the Sechol project is supervised by Paul Nagerl, P.Geo., Chief Geologist at Jaguar Nickel Inc., a Qualified Person as defined in National instrument 43-101. About Jaguar Nickel Inc. Jaguar Nickel Inc. (TSX:JNI) is a professionally managed Canadian nickel exploration and mine development Company. The Company's current exploration and development program is focused on the nickel laterite deposits of its licensed properties in Guatemala, Central America. This news release may contain certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from those implied by such forward looking statements. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. does not accept responsibility for the adequacy or accuracy of this release. Jaguar Nickel Inc. (TSX:JNI) |
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