Victory Nickel Increases Mel Nickel Resource

Measured & Indicated resource rises 79%, grade up 14%; aggressive drill program underway.

Victory Nickel Inc. ("Victory Nickel" or the "Company")(TSX:Ni), www.victorynickel.ca today announced a 79% increase in the amount of contained nickel, and a 14% rise in grade, in the measured and indicated resource at its Mel sulphide nickel project on Manitoba's prolific Thompson Nickel Belt. In addition, the Company is actively exploring the Mel property with a $2.0 million winter drill program currently underway.

The new Mel resource estimate, conducted by Wardrop Engineering Inc., significantly enhances Victory Nickel's overall sulphide nickel inventory which stands at over 660 million pounds of in-situ nickel in measured and indicated resources and an additional 530 million pounds of in-situ nickel in inferred resources at its Mel, Minago and Lac Rocher deposits. The Mel resource is located near surface, within 180 metres of the overburden-bedrock interface.

source news : ccnmatthews.com