NORTHERN ONTARIO The Sudbury Joint Venture of DYNATEC (25%) and FNX MINING (75%) have approved spending $30 million for an underground exploration program and feasibility study of the Norman 2000 and Norman North deposits in the Sudbury Basin. Work will begin as soon as the required permits are received.
Most of the money, $25 million, is earmarked for advanced underground exploration and the feasibility study of the Norman 2000 copper-nickel-platinum-palladium-gold deposit. A vertical shaft will be sunk to the 2450 level. Ramping, drifting and cross-cutting will facility underground drilling and bulk sampling. This work is expected to take about 24 months.
The other $5 million will be spent for an underground program to test the near-surface Norman North deposit. This will be done from a ramp collared 150 metres from the shaft. Underground drilling, bulk sampling, and completion of a feasibility study at Norman North will take about 12 months.
The Sudbury Joint Venture purchased several deposits near Sudbury from INCO in 2002. It has already reopened and is profitably mining the McCreedy West mine. A link to the joint venture web site is available at www.dynatec.ca.