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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.340+0.5%Dec 19 4:00 PM EST
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To: koan who wrote (1363)4/30/2000 1:22:00 PM
From: Brumell   of 2255
 
Koan the following is from a recent news release by Consolidated Venturex. The point is to notice the grades typical for Inco and Falco within the Sudbury area complex. Despite these grades, both companies continue to look elsewhere. One reason is the high mining cost in the area.

<<< The Quartz Diorite Offset Dykes are one of the main sources of economic Pt-Pd-Ni-Cu deposits in the Sudbury camp. Of the 10 known Offset Dykes, all are known to have numerous mineral occurrences with 8 dykes hosting current or past producing mines. An announcement by Inco, on 12th April 2000, demonstrates the potential of the Offset Dykes. The new Totten deposit on the Worthington Offset is reported to have resources totalling 8.4 million tonnes open to depth, with a grade of 1.42 % nickel, 1.90 % copper and 4.7 grammes per tonne of platinum group metals. On the Copper Cliff Offset Inco is reportedly outlining a deposit with over 20 million tonnes grading 3.5 % combined copper-nickel and 5 grammes per tonne of platinum group metals. >>>

It should be noted that the area we are currently talking about is completely different from above geologically. It's like apples and oranges. Something to think about before we all get too excited.
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