Niblack Mining Corp.
TSX VENTURE : NIB

Niblack Mining Corp.

November 08, 2005 09:30 ET

Niblack Mining Corp.: Exploration on the Niblack Property is Underway

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - The Board of Directors of Niblack Mining Corp. (TSX VENTURE:NIB) (the "Company") are pleased to announce that exploration on the copper-gold rich Niblack massive sulphide property is underway. The exploration program will consist of 2,500 metres of diamond drilling, the re-establishment of environmental baseline studies, and the application for the necessary permits for exploration in 2006. Knight Piesold Ltd. and Beacon Hill Consultants Ltd. have been retained to conduct the environmental review and permitting application process.

The property was last explored in 1997 by Abacus Mining and Exploration Corp. (TSX VENTURE:AME) where approximately 25,000 metres of diamond drilling was completed over a three year period. A recent review and 3D-modelling of the Niblack data has led to a reinterpretation of the geological controls on mineralization. A new exploration model that includes multiple stacked massive sulphide lenses with predictable geometries and plunge directions shows that there is excellent potential for expanding known zones, as well as discovering new sulphide lenses. The drill program will focus on the Lookout Zone, the most advanced area of the five known zones of massive sulphide mineralization on the Niblack property. The work is designed to expand the mineralized zone and to provide better constraints for an updated 43-101 compliant resource calculation.

The Niblack property consists of approximately 2,000 acres and is favourably situated on tidewater on Prince of Wales Island in southeast Alaska. The Company's 100% interest in the Niblack property was acquired through an arrangement completed with Abacus in April 2005.

The exploration program on the Niblack property is headed by Darwin Green, P. Geo. Mr. Green is the person responsible as defined under NI 43-101 standards.

On Behalf of the Board of Niblack Mining Corp.

Paddy Nicol, MBA, President

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Niblack Mining Corp.
    Paddy Nicol, MBA
    President
    (604) 484-5045
    (604) 684-0279 (FAX)