ONTARIO Toronto-based FNX MINING has the numbers for the initial indicated resource from the middle portion of the Levack footwall near Sudbury. There are 683,878 tonnes averaging 8.09% Cu, 1.25% Ni and 7.76 g/t Pt+Pd+Au. This tonnage represents a small portion, only 76.2 metres vertically, of the Levack Footwall deposit (LDF). The grade is similar to a 10,000-tonne bulk sample previously mined.
The initial LFD indicated mineral resources are based on the results of detailed geological mapping, sampling and underground drilling from the 4000 level exploration drift driven from Xstrata's Craig mine. FNX considers the initial resource estimate to be conservative. Definition drilling is ongoing east and west of the current resource block and the opportunity exists to expand today's initial mineral resources.
In addition, as more underground drill stations become available over the entire plunge length of the LFD, the portions of the LFD above and below these initial indicated mineral resources will be drilled in detail to allow additional mineral resource estimates for the entire deposit. The drilling completed to date has intersected wide, high-grade, Cu-Ni-Pt-Pd-Au mineralization throughout the entire LFD mineralized envelope, and in the footwall, hanging wall and at depth, says the company.
The news release dated Sept. 16, 2008, and posted at www.FNXMining.com contains explanatory drawings of the Levack footwall.
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