Canadian Mining Journal

News

EXPLORATION NEWS FNX-Dynatec Begin McCreedy West Program

Sudbury Basin Joint Venture partners FNX MINING and DYNATEC have begun a $5.4-million underground exploration progr...


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


Print this page

Related Posts



Have your say:

Your email address will not be published. Required fields are marked *

*