GUATEMALA - Montreal-based JAGUAR NICKEL has advanced its Sechol nickel laterite project one step closer to a positive development decision. Of the 133 holes bored during latest round of definition drilling on the El Inicio deposit, 123 intercepted nickel-bearing material exceeding a 1% cut-off grade, and 25 holes had average grades exceeding 2% Ni. The longest intercept graded 2.14% Ni over 26.7 metres. The definition drilling program was conducted between January and April this year on a 50-m grid.
Prior to the results of this latest drill program, Jaguar put the inferred resources of the El Segundo and Rio Negro deposits at 13.1 million tonnes grading 1.64% Ni and 0.036% Co.
The company has several other projects in Guatemala, details of which are posted at www.JaguarNickel.com.