Content area
Abstract
(CCNMatthews - May 28, 2007) - International Nickel Ventures Corporation ("INV") (TSX:INV) and Teck Cominco Limited ("Teck Cominco"), initiated a $8.5 million (INV's share C $2.3 million) work program, effective November 1, 2006, on their Santa Fe/Ipora nickel laterite joint venture in Brazil to be completed by mid-2007.
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 Fe and Ipora, in the Goias nickel camp of Brazil. In addition, INV also has 100% ownership in an extensive land package of prospective nickel properties in Goias, Para and Tocantins States, which now totals over 390,000 hectares. After giving consideration for the Offering and Concurrent Offering, INV has outstanding approximately 48.2 million Common Shares.