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INDEPENDENT NICKEL CORP.
102 - 957 Cambrian Heights Drive
Sudbury, ON P3C 5M6
(the "Company")
NEWS RELEASE
June 6, 2007
Independent Nickel Corp. Announces Discovery of New
Nickel Zone at Lynn Lake
And Provides Interim Results of Ongoing Drill Program
Sudbury, Ontario – June 6, 2007– Independent Nickel Corp. (INI:
TSX-V) today announced interim results of its ongoing 2007
exploration activities in Lynn Lake, Manitoba. The drilling program to
date has focused on only two targets, known as the ‘Golf’ target and the
Upper ‘G’ target. Drillhole LLN-014, the first hole targeting Upper ‘G’
unexpectedly intersected an entirely new zone of mineralization above
its target. Assay results from this new discovery include:
- 39.2 feet of 0.7% nickel and 0.4% copper occurring from 1,978.0
to 2,017.2 feet.
This new discovery has been named the ‘Papa’ zone, in keeping with
the Company’s alphabetic naming system for target zones, and is located
between the 1,000 and 2,000 foot levels of the mine in an area not
drilled before.
Assay results are still pending for the lower portion of hole
LLN-014, which tested the Upper ‘G’ target.
Results from wedged branch hole LLN-003a, designed to test the ‘Golf’
target, include numerous sections of nickel sulphide mineralization
including the following:
- 21.5 feet of 0.8% nickel, and 0.3% copper intercepted from
3,706.7 to 3,728.3 feet;
- 10.0 feet of 0.7% nickel and 0.4% copper intercepted from
3,782.6 to 3,792.6 feet;
- 17.1 feet of 0.7% nickel and 0.3% copper intercepted from
3,798.5 to 3,815.6 feet; and
- 11.0 feet of 1.2% nickel and 0.2% copper intercepted from
3,896.0 feet to 3,907.0 feet.
These intersections occur within a continuous mineralized zone
containing 0.4% nickel and 0.2% copper over 354 feet of core length,
from 3,707 to 4,061 feet. This zone is located approximately 500 feet
from existing mine development.
Both of these recent drillholes have been tested with downhole pulse
electromagnetic (”EM”) geophysical surveys. These surveys detected
conductivity in both holes, which is interpreted to represent extensive
nickel mineralization in proximity to both holes. Two drills on site are
currently following up on these encouraging results.
Independent Corp. owns 100% of the Lynn Lake nickel property. The
mine produced 22.2 million tons of ore at an average grade of 1.0%
nickel and 0.5% copper between 1953 and 1976. As announced in a press
release dated May 7, 2007, the Company has re-purchased the 2% NSR
Royalty on the property, so that the current Lynn Lake resources are
totally independent of third party encumbrance.
Currently, measured and indicated resources on the property include
16.1 million tons grading 0.7% nickel and 0.4% copper (see the Company’s
43-101 compliant resource estimate, as detailed in its press release of
September 19, 2005).
FOR FURTHER INFORMATION PLEASE CONTACT:
Independent Nickel Corp.
Richard Murphy, President and CEO
Tel: (705) 521-8444
Email: info@independentnickel.com
www.independentnickel.com
957 Cambrian Heights Drive
Suite 102
Sudbury Ontario P3C 5M6
This document may contain forward-looking statements relating to
Seymour Exploration Corp.’s operations or to the environment in which it
operates. Such statements are based on operations, estimates, forecasts
and projections. They are not guarantees of future performance and
involve risks and uncertainties that are difficult to predict and may be
beyond Seymour’s control. A number of important factors could cause
actual outcomes and results to differ materially from those expressed in
forward-looking statements, including those set forth in other public
filings. In addition, such statements relate to the date on which they
are made. Consequently, undue reliance should not be placed on such
forward-looking statements. Seymour disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, save and
except as may be required by applicable securities laws.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES
NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
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