Nitinat Minerals Corporation (TSX VENTURE:NZZ) ("Nitinat") is pleased to
announce the results from the initial phase of the 2011 field work program on
its 100% owned Jasper Property. The work program was designed to follow up on
the positive results from the 2010 program.


The Jasper Property is located on west-central Vancouver Island, British
Columbia, and consists of 10 mineral claims covering 6,615 hectares. Historical
and recent exploration work from 1956 to 2010 has discovered numerous
occurrences of stringer and massive base metal sulphide minerals including
chalcopyrite, sphalerite and galena within a co-incident quartz-sericite-pyrite
alteration zone. 


The geochemistry results have been received for 12 rock samples taken from
outcrops from five (5) targets at the Jasper Main Grid area. The results for key
elements are as follows:




----------------------------------------------------------------------------
                            Width  Length                                   
Target     Sample Type     metres  metres Au g/t Ag g/t   Cu %   Pb %   Zn %
----------------------------------------------------------------------------
Upper Camp select grab                                                      
 Creek Road                     1       1  0.207  61.45  8.15%  0.01%  0.02%
           -----------------------------------------------------------------
           select grab        0.5       1  0.121   7.88  0.09%  0.01%  0.05%
           -----------------------------------------------------------------
           select grab       0.15       1  0.019   3.04  0.34%  0.01%  0.01%
           -----------------------------------------------------------------
           select grab       0.75       1  0.041   34.4  8.38%  0.01%  0.02%
----------------------------------------------------------------------------
Pan North  select grab        0.5       1  0.136  48.20  7.34%  0.14% 16.00%
           -----------------------------------------------------------------
           select grab        0.5       1  0.047   7.15  1.18%  0.01%  4.21%
----------------------------------------------------------------------------
Upper Pan  select grab        0.5       2  0.214  34.49  5.93%  0.04%  0.11%
----------------------------------------------------------------------------
                             1.25          0.042  17.68  0.95% 20.07%  9.61%
             continuous  --------        -----------------------------------
Pan South  representative     0.9    6     0.087   6.68  0.27%  0.52%  3.71%
               chips     --------        -----------------------------------
                              0.5          0.072   7.75  0.39%  6.71%  9.11%
----------------------------------------------------------------------------
             continuous         2          0.035   2.50  0.64%  0.01%  0.05%
Log Sort   representative--------    2   -----------------------------------
               chips            2          0.055   3.10  0.43%  0.06%  0.06%
----------------------------------------------------------------------------



Based on these results, Nitinat will commence a drilling program of
approximately three (3) holes in October, 2011. The drilling program is designed
to follow up on the positive results from the 12 rock samples.


All rock samples were taken by, or under the supervision of, Jacques Houle,
P.Eng. and sent to, and analyzed by, Inspectorate Mining and Exploration
Services Ltd. of Richmond, B.C. using 4-acid digestion and 50 element ICPMS, ore
grade assay AA for over limit Cu, Pb, Zn, and 1AT fire assay AAS for Au.


All five (5) targets are known from previous work on the Jasper Property
documented in previous reports and news releases by Inspiration Mining
Corporation. 


The Upper Camp Creek Road Target consist of several steeply-dipping, narrow
(0.1-1.0 m. thick) quartz-sulphide veins containing varying amounts of pyrite,
chalcopyrite and bornite hosted by altered volcanic rocks exposed in blasted and
mechanically trenched outcrops along logging roads. The Log Sort Target consists
of a gently north-dipping, 2 m. thick zone siliceous, sulphidic and chloritic
volcanic breccia containing varying amounts of pyrite, chalcopyrite and
malachite exposed over 2 m. length in a mechanically trenched outcrop. Neither
is considered a high priority target at this time.


The Pan North Target consists of fault-bound segments of gently west-dipping to
flat-lying semi-massive sulphides containing pyrite, chalcopyrite, sphalerite,
and bornite hosted by sericitic and siliceous volcanics, exposed in blasted and
mechanically trenched outcrops along logging roads. The Upper Pan Target
consists of chloritic and sulphidic volcanics containing pyrite and chalcopyrite
in a 0.5 m. thick steeply west-dipping shear zone, exposed over 2 m. in a
hand-trenched outcrop. The Pan South Target consists of a gently
northwest-dipping, 0.5 - 1.25 m. thick quartz-calcite-sericite-sulphide vein
containing pyrite, chalcopyrite, sphalerite and galena hosted by chloritic
volcanics and exposed over 6 m. in a mechanically trenched outcrop along a
logging road. Three representative chip samples taken across the vein structure
averaged 0.063 ppm gold, 12.07 ppm silver, 0.61% copper, 10.91% lead and 7.51%
zinc over 0.9 m. thickness. The three Pan targets together are considered a
priority target for diamond drilling initially by three 50-100 m. steep,
east-trending holes at 50 m. spacing from the Caycuse Main Road, requiring a
$50,000 budget. Additional drilling may be proposed conditional upon the results
of the initial drilling. 


The field work program is being supervised by Jacques Houle, P.Eng., a Qualified
Person pursuant to National Instrument 43-101. Mr. Houle has reviewed the
contents of this news release.


This update contains "forward looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Generally, these forward looking statements can
be identified by the use of forward looking terminology such as "plans",
"anticipated", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Nitinat is subject to significant
risks and uncertainties which may cause the actual results, performance or
achievements to be materially different from any future results, performance, or
achievements expressed or implied by the forward looking statements contained in
this release. Nitinat cannot assure investors that actual results will be
consistent with these forward looking statements and Nitinat assumes no
obligation to update or revise the forward looking statements contained in this
release to reflect actual events or new circumstances.
Nitinat Minerals (TSXV:NZZ)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Nitinat Minerals Charts.
Nitinat Minerals (TSXV:NZZ)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Nitinat Minerals Charts.