Abitex Resources Inc. announced assay results from the 2011 drilling program on the St. Stephen Nickel-Copper project in New Brunswick which have confirmed the discovery of new nickel-copper sulphide mineralization. Continental commenced a diamond drilling program in early December to test new electromagnetic targets identified in the 2011 airborne EM survey and to further test nickel-copper mineralization intersected in 2010 in the St. Stephen intrusion. Five drill holes totaling 772 metres were completed in December and borehole electromagnetic surveys were also carried out in each of the holes. The drilling program was suspended on December 15th due to wet ground conditions and resumed on January 17th. Two holes (SSD11-011 and 012) were completed in late 2011 to follow-up the G zone discovery. Hole SSD11-011 was drilled 140m along strike to the northwest of hole SSD10-003 to test for the northern extension of G zone and was targeted based on both airborne and borehole geophysical data. The hole intersected a wide zone of mineralization in gabbro between 113.80 and 172.0 metres, consisting of heavily disseminated sulphides transitioning down hole into net-textured and semi-massive sulphides. The entire interval graded 0.68% nickel and 0.41% copper over 58.2 metres and included 0.85% nickel and 0.48% copper over 20.8 metres from 151.20 to 172.0 metres. Hole SSD11-012 was drilled to test 50 m down-dip of hole SSD11-003 and intersected intermixed metasedimentary rocks and gabbro. The gabbro contained minor disseminated sulphides which returned a best value of 0.45% nickel and 0.19% copper over 0.95 m from 29.50 to 30.45 metres. Results of the BHEM surveys in holes SSD11-011 and SSD11-012 have been received by Continental and will be used to target additional drilling to further define the extents of G zone. One hole, SSD11-013, was drilled to test a new airborne EM anomaly located 350 metres northwest of SSD10-003 (G Zone). SSD11-013 intersected a zone of massive sulphides grading 2.35% nickel and 1.06% copper over 5.45 metres from 45.5 to 50.95 metres. Two holes, SSD11-014 and SSD11-015, were drilled to test a new, >1 kilometre long airborne EM anomaly located in the south-western portion of the St. Stephen intrusion where no previous drilling has been carried out. SSD11-014 was drilled near the southern extent of the airborne EM anomaly and hole SSD11-015 was drilled near the northern extent. Both holes intersected intrusive gabbroic rocks but failed to intersect an EM conductor and did not return any significant assays. Borehole EM surveys were conducted and strong off-hole anomalies were detected in the immediate vicinity of both holes.