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Global Nickel Investments Increases Jutson Rocks Portfolio
Tuesday November 10, 2009, 11:38 am

Original Announcement: GNI Increases Jutson Rocks Portfolio

Global Nickel Investments reported that the company has increased its investment in the Jutson Rocks/Mt Venn Greenstone Belt by entering into a formal Heads of Agreement to acquire The Mt Cornell project. A direct extension along strike of the two existing Jutson Rocks tenements trending NNW-Mt Cornell expands the reach and portfolio of mineral assets managed by GNI along the precious metal rich Achaean greenstone belt. GNI will develop the Mt Cornell project on a JV basis with listed company Graynic Metals which will result in GNI earning a (90%) interest in the project. By means of this latest acquisition GNI has increased its direct exposure to the prospective zone and now controls the vast majority of the Jutson Rocks greenstone belt.

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