NORTHERN ONTARIO A new massive sulphide surface showing of high-grade, copper-nickel-platinum-palladium-gold mineralization has been found on the Kirkwood project belonging to the SUDBURY JOINT VENTURE. Named the Segway discovery, a channel sample of it revealed mineralization over 5.76 metres grading 2.3% Cu, 0.7% Ni and 7.9 g/t Pt-Pd-Au. Limited drilling in the area intersected 7.80 metres grading 5.4% Cu, 0.8% Ni and 16.7 g/t Pt-Pd-Au. Additional drilling is planned to determine the significance of this discovery.
The former Kirkwood mine is located 11 km northeast of Sudbury. The property occurs within the very prolific South Range of the Sudbury Basin. This southeast part of the South Range hosts numerous producing and former nickel mines. The new discovery some 610 metres into the footwall behind the Kirkwood mine not only demonstrates the potential of the footwall rocks in this part of the Sudbury Basin, but also at the nearby Falconbridge property, according to DYNATEC, 25% partner with FNX MINING in the joint venture. The footwall rocks of the Kirkwood and Falconbridge properties are considered to be relatively unexplored and to have significant potential to host Sudbury Basin-type footwall deposits.
FNX is the operator of the venture's exploration projects (www.FNXMining.com). Dynatec handles the mining and development operations (www.Dynatec.ca).