SHAFT REHABILITATION – Levack No.2 Prepares for Hoisting

ONTARIO - The Sudbury Joint Venture, consisting of DYNATEC and FNX MINING, has decided to proceed with an $8-millio...
ONTARIO - The Sudbury Joint Venture, consisting of DYNATEC and FNX MINING, has decided to proceed with an $8-million reconditioning program for the Levack No.2 shaft. The partners recently inked a deal with INCO LTD. whereby Inco will provide surface access to the site and similar services to those it currently provides at the McCreedy West mine.

The shaft program should be complete by the third quarter of 2005. At the same time rehabilitation is proceeding, FNX and Dynatec will conduct underground exploration drilling to further define the resources. Previous studies of the Levack deposit suggest remaining measured and indicated resources total 5.0 million tons at 1.9% Ni and 0.9% Cu, plus inferred resources of 1.0 million tons at 2.0% Ni and 1.0% Cu.

More information about the Sudbury Basin joint venture is accessible from www.dynatec.ca.

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