DYNATEC and partner FNX MINING have announced the discovery of the Powerline deposit on the Victoria property near Sudbury, Ont. The deposits contains copper, nickel, platinum, palladium and gold mineralization hosted in a quartz diorite, offset dyke environment. Although the drill program so far has been limited, interpretation suggests that this deposit may occur within a northeast extension of the Worthington offset dyke. This is encouraging because the dyke hosts several deposits included INCO's Totten deposit.
The Powerline deposit has been intersected over a strike length of 250 ft and a down-plunge length of over 550 ft. The deposit plunges steeply to the southwest and is open in this direction and also along strike to the east. The mineralization is associated with a narrowing of the host offset dyke where the wallrocks of the dyke comprise zones of intense Sudbury Breccia and shearing.
Drilling to 100 ft, FNX found zones of lower grades stringer sulphide mineralization. Below that level higher grades of massive to semi-massive sulphides were intersected.
Assays of the drillholes and a figure of the deposit are posted at www.fnxmining.com. Click on "Investor Relations" and "Press Releases". See also FNX's latest press release with results of further drilling on the Norman deposit.