Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Survey

Survey

posted on Nov 06, 2007 03:20AM

While the mag survey will assist in determining where to drill only a drill core will tell if mineralization is to be found similar to or an extention of the Noront discovery.

My guess is that once this is in hand the boys at FNC will pay Noront whatever it takes to drill one or two cores on most promising site. Maybe give Noront shares for doing the drilling with an option to purchase more if something is hit. Can't see Noront with all of their holdings being interested in doing too much for FNC unless there is a lot in it for them. Maybe right of first refusal on JV?

FNC can say all they want about mineralization on their property but mag survey can only indicate targets and not that economic minerals of any kind are under the ground. Noront keeps saying mineralization is not running towards FNC property which doesn't help. 

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