SGH

Nikos Explorations Ltd. (TSX VENTURE:NIK) ("Nikos") is pleased to announce the
results of an initial soil gas hydrocarbon ("SGH") survey recently completed at
the Borden Lake Extension Project near Chapleau, Ontario. The SGH survey was
completed over an area covering magnetic lineaments designated for follow up in
order to identify anomalies that may be associated with gold mineralization in
areas of poor outcrop. 


Several SGH anomalies, potentially indicative of gold mineralization, were
identified by Actlabs of Ancaster, Ontario, following their analysis of the soil
samples (See map at http://nikosexplorations.com/projects/borden_lake/). The
interpretation suggests the anomalies have the highest possible rating of 6.0
(out of 6.0) based on the interpretation of SGH pathfinder classes known to be
associated with buried gold deposits. A large number of SGH gold pathfinder maps
provided confirmatory evidence for the positive interpretation of the SGH data. 


"We are very excited about the suggestion of gold mineralization on our Borden
Lake Extension Project, especially given the proximity to Probe Mines' growing
Borden Lake Deposit," said President Roger Moss. "We intend to continue
exploring this area to delineate drill targets to test the gold potential." 


This initial SGH survey covers an area where several magnetic lineaments, one of
which is interpreted to be a fault, intersect (see News Release dated May 28,
2013). Another lineament, apparent on a shaded relief map, also exists in the
area and trends in the same north-west south-east direction as the SGH
anomalies, which remain open in both directions. 


Follow up work would include extending the SGH survey to the northwest and
southeast and an induced polarization/resistivity survey over the same area to
enable definitive drill targeting.


About Borden Lake Extension: 

The Borden Lake Extension Project lies immediately east of Probe Mines' Borden
Lake gold property where recent exploration has defined pit constrained
indicated resources of 3,686,000 ounces of gold (112,844 M tonnes grading
1.02g/t gold) and inferred resources of 625,000 ounces of gold (18,036 M tonnes
grading 1.08g/t gold) at a 0.5g/t cut off grade. Exploration carried out by
Nikos is the first known work on the property, which is located in the
Kapuskasing structural zone. Nikos holds an option to earn a 100% interest in
the property. Note that mineralization on the Probe Mines property may not be
representative of mineralization that may be found on the Nikos Property, nor is
there any guarantee that economic mineralization will be identified on the Nikos
Property. 


About Nikos Explorations: 

Nikos Explorations is a Canadian based mineral exploration company focused on
the acquisition and exploration of prospective gold projects in the Americas.
The company has 44,475,406 shares issued and outstanding and trades on the TSX
Venture Exchange under the symbol NIK.


Roger Moss, PhD., P. Geo., is the qualified person for all technical information
in this release.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nikos Explorations Ltd.
Roger Moss
President
416-516-6050
www.nikosexplorations.com

Standard Graphite Corporation (TSXV:SGH)
Historical Stock Chart
Von Apr 2024 bis Mai 2024

Standard Graphite Corporation (TSXV:SGH)
Historical Stock Chart
Von Mai 2023 bis Mai 2024