International Nickel Updates Results in the Anapolis Belt Nickel Sulphide Exploration Program
Toronto, Ontario — June 21, 2007 – International Nickel Ventures Corporation (TSX Venture: INV) (“INV”) reports finding large nickel geochemical anomalies on three of its 100%-owned targets in the Anápolis belt, located about 90 km north of Goiánia city in central Brasil. This belt was selected for sulphide nickel exploration based on known nickel/copper sulphide deposits in the region at Mangabal and Americano do Brasil, (see Figure 1)
At Taquaral West, the regional soil sampling grid, over a 7.5 km long ultramafic body with lines spaced every 500 m, has outlined a nickel soil anomaly with a strike length of approximately four km with values above 1,000 ppm (0.1% Ni) and reaching 5,330 ppm (0.5% Ni), (see Figure 2 and Table 1). The southern portion shows an associated copper anomaly of approximately 600 m in strike length, (see Figure 3 and Table 1).
At Taquaral East, a soil sample survey has outlined two nickel anomalies, 700 and 1000 m in strike length and mafic-ultramafic outcrops have been mapped along strike for approximately four km. Soil samples, collected on the grid with lines spaced at 400 m intervals and sampling at 25 m intervals, returned values up to 6335 ppm (0.6% Ni). Two copper anomalies with values up to 476 ppm were also outlined, one associated with a nickel anomaly and one with a mafic rock occurrence (see Figure 4 and Table 2).
At Aguas Claras, located 40 km SW of Taquaral and 20 km E of the Americano do Brasil Ni-Cu mine, an ultramafic body extending over 1,700 m has been identified by reconnaissance mapping. Visible sulphides (chalcopyrite, pyrite and pentlandite) were observed in several outcrops (see Figure 5).
The Taquaral West, East and Aguas Claras targets are located in the Anápolis-Itaucu Orogenic Complex a plutonic/volcanic arc system with differentiated mafic-ultramafic intrusive complexes of which the Americano do Brasil and Mangabal nickel sulphide deposits are the most well known examples of potential nickel deposit targets.
An airborne electromagnetic survey (VTEM) has been contracted to be flown over both the Taquaral and Aguas Claras properties to locate potential sulfide conductors for drilling.
INV controls an extensive land position of approximately 200,000 hectares in the Anápolis belt with more than 50 targets staked over the best magnetic/radiometric regional anomalies. INV is currently also exploring in the states of Goiás, Para and Tocantins, Brazil for lateritic nickel deposits.
INV is a Canadian mineral resource company focused on the acquisition, exploration and development of nickel projects in Brazil. Its primary asset is an option to acquire, with 73% partner and operator Teck Cominco, a 75% interest in two advanced-stage nickel laterite deposits, Santa Fé and Iporá, in the Goiás nickel camp of Brazil. In addition, INV has a 100% ownership in an extensive land package of prospective nickel properties in Goiás, Para and Tocantins States, which now totals over 390,000 hectares.
This news release was prepared under the supervision and review of J. Alan Spence, President of SRM, an independent consultant to INV and a Qualified Person as defined under NI 43-101. All geochemical assays were completed by SGS Lakefield Brasil using multi-acid digestion with an ICP finish.
This press release contains certain forward-looking statements. These forward-looking statements are subject to variety of risks and uncertainties beyond INV’s ability to control or predict, which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. In this news release there is no guarantee that any economic mineral deposits will be found on INV’s properties. For a more detailed discussion of such risks and other factors, refer to INV’s filing with Canadian securities regulators available on www.sedar.com or INV’s website at www.nickelventures.com.
Table 1: Significant Soil Assay Results – Taquaral West
Table 2: Significant Soil Assay Results – Taquaral East