Sudbury Basin Joint Venture partners FNX MINING and DYNATEC have begun a $5.4-million underground exploration program at the McCreedy West property near Sudbury, Ont. The program includes $3.5 million to recondition the ramp and 950-level drift. Another $1.3 million will be spent on new raises and drifts and to recondition 2,100 feet of the 1600-level, which connected McCreedy West with INCO's Levack property. Work began on Nov. 5, 2002.
The $600,000 Phase 1 underground program involves drilling 20,000 feet in the Upper Main zone and the 700 and 950 vein complexes; it will be completed by the end of February. A larger program will begin in January and continue throughout 2003 covering the East Main, Inter Main and PM zones. Assays of drill cores from holes already completed during Phase 1 are pending.
This work is part of a$14-million exploration and development program announced by FNX and Dynatec earlier this year. The McCreedy West mine formerly produced nickel for Inco, which will process any ore from a revitalized operation. The property is of interest again for its PGE potential. Fuller information on the McCreedy West property is available at www.fnxresources.com
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