Diversified miner Global Nickel Investments Limited (ASX: GNI) has increased its hold of the Jutson Rocks area after penning a deal to acquire the nearby Mt Cornell project near Laverton. GNI signed a Heads of Agreement to take a 90% interest in the neighbouring gold, nickel and platinum project on a joint venture basis with listed company Graynic Metals Limited (ASX: GYN). The deal brings the company's total land package of the Jutson Rocks/Mt Venn Greenstone Belt to almost 80%. Jutson Rocks is located 125km north east of Laverton in Western Australia. “GNI is consolidating its valuable land package and building a regionally significant exploration company in a region that has rich gold and nickel mines.” Benjamin Cooper, managing director of GNI, said. Shares in GNI were last selling for 4.8c on the Australian Stock Exchange. Mt Cornell E38/1850 is granted tenure, and work will commence immediately. A comprehensive airborne VTEM survey will now be conducted over the entire GNI tenement package including Mt Cornell in November/December 2009 to identify drill ready targets for the upcoming campaign. Previous exploration on GNI’s tenements recognised the potential for the Mt Venn Greenstone Belt to host gold mineralisation, nickel sulphide mineralisation and Platinum Group Metal mineralisation. Several areas of soil anomalism and rock chip anomalism have been previously defined but not followed up by either infill sampling or drilling. GNI, an Australia-based company principally engaged in mineral exploration and project acquisition, has a number of prospective tenements in Western Australia, New Zealand and Turkey.

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