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28 May 2009 08:26
28 May 2009
Dwyka Resources Limited ('Dwyka' or the 'Company')
Muremera Nickel Project Phase 2 Update
Highlights
Drilling commences on the first three of 17 targets at Muremera
Handover of the exploration programme from BHP Billiton complete and Dwyka now owns 100 per cent of the project
Licence renewal application for the Muremera licence submitted to the Burundi authorities for approval
Dwyka announces that a drilling contractor has been engaged and has commenced the second phase of diamond drilling at the Muremera Nickel Project in Burundi.
The drilling targets have been identified following intensive VTEM surveys that generated signatures consistent with massive sulphide bodies that may have a nickel signature and are approximately 10km from the Barrick/Xstrata Kabanga Project ("Kabanga"), currently the world's largest undeveloped nickel sulphide project.
Following drilling, the core samples will be assayed by ALS Chemex Laboratory in Johannesburg.
Dwyka secured 100% ownership of the Muremera Project in March 2009 with the handover of the exploration programme from BHP Billiton now complete. The next Phase of the work programme has been submitted to the Government of Burundi in order to secure the extension of the current exploration licence.
Melissa Sturgess, CEO of Dwyka Resources commented "We are delighted to have secured 100% ownership from BHP Billiton who has previously invested in excess of US$7.3m into the Project. We are now proceeding on schedule with the planned exploration programme at Muremera and remain optimistic about the project's potential."
For further information please contact:
Melissa Sturgess
Dwyka Resources Limited
(+44) (0)78 2555 1397 or melissa@dwyresources.com
In United Kingdom
Richard Brown
Richard Greenfield
Ambrian Partners Limited
(+44) (0)20 7634 4700
Press enquiries
Charlie Geller or Leesa Peters
Conduit PR
+44 (0)20 7429 6604/ +44 (0)79 7006 7320
Or visit: http://www.dwyresources.com
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