Nanika Resources Inc.

Nanika Resources Inc.

October 15, 2009 16:29 ET

Nanika Commences Stewart Mining Camp Work Program on Red Cliff East

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2009) - Nanika Resources Inc. (TSX VENTURE:NKA)(FRANKFURT:C7X) ("Nanika or the "Company") is pleased to announce a multiphase work program at its "Red Cliff East Property" located approximately 20 kilometres northeast of Stewart, British Columbia. Phase 1 has now started with a work crew on site today. The property is located in the Stewart mining camp of northwestern British Columbia and is adjacent to the Decade Resources Inc. - Red Cliff Project. By news release on September 14, 2009 Decade Resources Inc. announced drilling results of 28.4 meters of 7.3 grams per tonne of gold, including 3.66 meters of 24.05 grams per tonne of gold at their Red Cliff Project.

Nanika's recently acquired Red Cliff East property includes 8 mineral claims with total ground of 727 acres announced by news release on September 18, 2009 and 13 mineral claims with 803 acres of ground announced by news release on September 25, 2009. The Nanika crew that has been mobilized will work on all areas of the property that have not been previously worked and will conduct stream and soil sampling, and prospecting. Further work on the property will be considered for later this year based on the results of the current work program, and may include drilling.

Nanika's President and CEO, James Jacuta commented that, "To mobilize a crew so soon after acquiring these claims is an accomplishment that everyone on Nanika's team can be proud of. The Stewart mining camp of British Columbia is getting more interesting every day, and we are enthusiastic about our new work program at the Red Cliff East Properties."

Alex Walus, P. Geo., a qualified person under National Instrument 43-101 has been retained to supervise Nanika's work program on the Red Cliff East property and has reviewed the technical disclosure in this news release.

About Nanika Resources Inc.

Nanika Resources Inc. is a TSX Venture listed mineral exploration and development company focusing on the advancement of its mineral properties, all of which are located within Canada.

On Behalf of the Board

James D. Jacuta, Chairman, President and CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada (IIROC) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Nanika Resources Inc.
    Matthew Emery
    604-638-0699 or Toll Free: 1-866-580-0699
    Nanika Resources Inc.
    Douglas Kerr
    604-638-0699 or Toll Free: 1-866-580-0699