The importance of downhole

Posted by: res-investor on August 11, 2008 11:12AM

This is a portion of a news release from FNI... The point being that downhole targeted the anomoly very acurately from a previous hole which was extended.

Our first round of drilling has confirmed, as FNC confirmed today that the peridotite intrusion is that same sequence as DE!

FNC has the advantage that NOT drilled sseveral holes and PRB drilled to the SE.... Now if downhole was done from these holes FNC may have a defined target in their sights.

I think PRB will have the same oportunity as well, to drill a more definite target once the VTEM , ground geo and hopefully downhole identify the initial target.

you can see that this methid provided very accurate indentification of the presence, size location and dip angle of the target.

------------------------------------...

FROM FNI:

The current diamond drill program began in June with the deepening of hole M-059, testing an anomaly identified below the bottom of the hole by the RIM geophysical survey completed in 2007. The anomaly was interpreted to be approximately 300 metres into the footwall below the Sudbury igneous complex contact. The drill hole intercepted a well-developed Sudbury breccia unit that hosts the massive-sulphide veining over a 10.15-metre intersection that grades 1.41 per cent Cu (copper), including 40 centimetres of 20.0 per cent Cu

A borehole UTEM survey completed by Lamontagne Geophysics and interpreted by Xstrata Nickel has identified two small, high-conductance plates that correspond with the observed mineralization at 1,475 metres of depth, and a third larger, low-conductance plate in the vicinity of this prospective area that correlates with the UTEM borehole survey completed on M-066 in 2007. The plates have been interpreted as trending updip toward the northwest, away from the property boundary. Diamond drilling is currently in progress on this area, testing this up-plunge trend for both contact-style and footwall-style mineralization.