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PGE EXPLORATION NEWS Sudbury Provides Plenty of Targets

SUDBURY, Ont. Exploration for platinum group elements (PGE) in the Sudbury Basin is keeping many companies busy t...


SUDBURY, Ont. Exploration for platinum group elements (PGE) in the Sudbury Basin is keeping many companies busy these days. The joint venture of DYNATEC and FNX MINING (www.fnxmining.com) is getting encouraging results, particularly on the eastern edge of the formation. Its Norman property has become something of a reference for other companies seeking similar mineralization.

NAMEX EXPLORATION notes that its Post Creek property abuts the Norman North property. Assay results are pending from the three holes Namex drilled, but the company says that visual inspection of the cores was promising. All its Sudbury-area projects are listed at www.namex-resources.com.

An hour-and-a-half northeast of Sudbury, PACIFIC NORTH WEST CAPITAL has committed $5.3 million to a 40,000-m drill program on its River Valley project. The company reports current measured and indicated resources of 825,000 oz Pd-Pg-Au in situ. An additional resource of 200,600 oz is inferred. PNF and Anglo Platinum share equally in the project, and can earn an additional 10% by completing a feasibility study and 5% more by funding River Valley through to production. Contact PNF in Vancouver by calling 800-677-1870 or log onto www.pnfcapital.com.

CHAMPION BEAR RESOURCES (www.championbear.com) is expanding its Parkin property northeast of the city with the acquisition of an undivided 100% interest in 53 adjacent unpatented claims. The claims are known as the Halcyon property. They cover a 2-km strike length along the inferred projection of the lineament hosting the nearby Norman North project.


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