December 15, 2017

Continental Nickel Ltd

Canadian mineral explorer Continental Nickel Ltd (CNI) is set to start mining the mineral in southern Tanzania following positive exploration results.

David Massola, president of CNI said the drilling which was done in December last year jointly with IMX Resources Ltd of Australia confirmed the presence of Nickel at Ntaka Hill in Nachingwea District in Lindi region of Tanzania.

CNI is confident that the Nickel deposits have the potential to support the development of the mining project,” said Mr. Massola. The company’s key asset is its 75 per cent interest in the Nachingwea project in Tanzania, where mineral resources have been estimated at 60,900 tonnes of contained nickel, and an additional 131,000 tonnes of contained nickel in Inferred Mineral Resources.

William Ngeleja, Minister for Energy and Minerals, said the firm is planning to conduct an Environmental and Social Impact Assessment (ESIA) in accordance to the requirements of the Tanzania Environmental Management Act, 2005, before it can apply for a mining license.
The Nachingwea project is located in south eastern Tanzania, approximately 180 km west of the port city of Mtwara and 400 km south of Dar es Salaam .

CNI has carried out extensive exploration and diamond drilling programmes on the property since August 2007, in the search for nickel-copper sulphide deposits, largely focused on the Ntaka Hill Intrusion.

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