This may be of help to exploration in Sudbury area.
Palladium, platinum discoveries expected to pay off for Inco Limited.
TORONTO, Jan. 18 /CNW/ - As part of its ongoing exploration program and
efforts to increase palladium and platinum production, Inco Limited today
announced new high-grade ore discoveries at Sudbury, Ontario. Through these
discoveries, Inco expects to capture the benefits of the current prices for
platinum-group metals.
" Further exploration at the high-grade Totten discovery, announced in
October, 1999, has increased the total indicated and inferred resource tonnage
by about 20 per cent at a slightly higher grade. The deposit, as delineated,
contains 10.1 million tonnes of 1.50 per cent nickel, 1.97 per cent copper and
4.8 grams per tonne of palladium and platinum, including 1.4 million tonnes of
inferred resource at 1.4 per cent nickel, 2.0 per cent copper and 7.1 grams
per tonne palladium and platinum. Significant additions to this resource are
expected since exploration drilling and geophysics indicate that the limit of
the orebody has not yet been reached. More detailed delineation drilling is
ongoing and a feasibility study is underway to bring the orebody into rapid
production."
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