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Gold/Mining/Energy : Flag Resources (FGR.A A)

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To: Patricia L. Toope who started this subject7/27/2001 9:25:24 PM
From: ali  Read Replies (1) of 4269
 
"Update Flag Resources (1985) Limited, Golden Briar Mines Limited
Exploration Program Rathbun And Mackelcan Township, Wanapitei
Anomaly, Sudbury, Ontario"

The mining and lands commissioner is holding a hearing in Sudbury
on October 3rd, 2001 in regard to the dispute on Flag's mining
claim S809104 located on the south boundary of Rathbun Township.

Dr. Eva Schandl, Department of Geology, University of Toronto
(also a consulting geologist of Geo-Consult) is evaluating and
preparing a report on the drill log results of Flag's 2900 foot
deep CH92-1 in northern Mackelcan township, as well as previously
reported FLAG and Golden Briar's ML94-1 in Rathbun township.

As previously disclosed, a paper published in 1994, on a Sudbury
research project, Eva Schandl and associates attributed the
enrichment of cobalt and nickel in the Huronian sediments to a
later period of hydrothermal activity. They suggested that the
metals were introduced into the sedimentary rocks via
hydrothermal fluids, which may have been enriched in the elements
by intersecting with sufides at depth.

The sulfides in both ML94-1 and CH92-1 appear to have been
introduced into the sedimentary rocks from an external source.

Gerry Gereghty, director and member of FLAG's advisory committee
with extensive background experience in geophysical surveys has
recommended magneto-Telluric surveys, which apparently have a
depth penetration well below 1000 feet.

He has recommended a Magneto-Telluric ground survey over the
Rathbun Lake nickel, copper, platinum, palladium and gold surface
occurrence, and over the immediate area of RL-0015, in the
Rathbun Lake Peninsula, which discovered a zone of enriched
platinum and palladium mineralization in the year 2000.

It has also been suggested that the deep penetrating survey be
run over the area of FLAG's CH92-1, in Mackelcan Township and
over the surface occurrence of sulfides in the vicinity of the
Last Chance Mine, Rathbun Township.
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