ONTARIO - Toronto-based FIRST NICKEL reports long intersections of good nickel and copper grades from its Lockerby Depth project, where definition drilling is taking place. Hole 6385 cut 53.30 metres grading 1.82% Ni, 1.39% Cu and 0.07% Co. Within that intersection was another grading 3.00% Ni, 2.14% Cu and 0.10% Co over 20.85 metres. Hole 6392 cut 111.20 metres grading 1.37% Ni, 0.88% Cu and 0.05% Co.
Results from these holes and others will be used to update the Lockerby Depth 43-101 report.
First Nickel reopened the Lockerby mine, formerly owned by Falconbridge, and resumed production early in 2006. The mine expects to produce 4.7 million lb of nickel, 3.2 million lb of copper and 86,000 lb of cobalt in 2007 at an operating cash cost of US$6.00 per pound of payable nickel.
The company also operates the Premiere Ridge, Morgan-Lumsden and West Graham projects nearby. Visit www.FirstNickel.com for details.
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