Re: FCN drilling from the source-lor

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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cappysmart

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Re: FCN drilling from the source-lor

in response to

FCN drilling from the source

lor

posted on Aug 07, 2008 05:23PM

Did someone at FNC actually quote you "3 holes are planned"? The reason I ask is because the NR stated that 1500 meters of drilling is planned for phase 1 and they also state in that same NR that the target is approx. 200 meters in depth.By my calculations that could be from 5 to 7 holes,depending on the depth of each hole.Here is a portion of that NR dated July 14.

Modest peak AeroTEM amplitudes suggest a depth of no more than 200 meters,probably less."

Figure 4, also attached, shows the results of the ground time domain EM surveys superimposed on the VTEM results. The target has been confirmed by all of the Time Domain EM methods used to date.