Canadian Mining Journal

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COPPER-NICKEL-PM EXPLORATION: FNX drills fourth zone at Victoria property

ONTARIO - Toronto's FNX Mining has discovered a fourth mineralized zone at its 100%-owned Victoria property on...



ONTARIO – Toronto’s FNX Mining has discovered a fourth mineralized zone at its 100%-owned Victoria property on the southwest edge of the Sudbury Basin. Highlights from Zone 4 include 1.3% Cu, 0.6% Ni, 2.2 g/t Pl-Pd-Au (TPM) over 416.8 metres was intersected down the dip of the mineralization, and 1.5% Cu, 2.2% Ni and 5.1 g/t TPM over 39.9 metres was intersected across the plunge of the mineralization.

Drilling also continued to expand Zone 2 where it intersected sections up to 16.8 metres wide and grading 1.2-13.2% Cu, 0.2-3.7% Ni, and 2.4-31.8 g/t TPM. Hole 1187C returned 1.8 metres grading 10.1% Cu, 2.2% Cu and 22.6 g/t TPM.

FNX took a renewed interest in the Victoria property in 2008 and quickly identified three mineralized zones. The fourth zone was intersected in multiple mineralized sections between 1,134.3 metres and 1,549.3 metres. The sulphide mineralized system is hosted within the quartz diorite dyke to a depth of approximately 1,341.1 metres, at which point the borehole migrated out of the dyke and into mineralized Sudbury brecciated wall rocks, said the company. Drill hole 1190 geophysical surveys resulted in the interpretation of a complex domain of moderate to high conductance (anomalies) that appears to extend and continue below the bottom of the hole.

Further information about Victoria and other FNX exploration properties is available at www.FNXMining.com.