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Gold/Mining/Energy : SUDBURY AREA AND THE PGM PLAY

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To: Just G who started this subject2/18/2002 9:08:41 AM
From: gemini67  Read Replies (1) of 349
 
Anyone following Fort Knox, (T:FNX)? They are getting ready to ramp up their joint venture with Dynatec to explore and mine five former Inco properties in the Sudbury Basin. PGE aspect is expected to be the kicker for FNX. There are mineable Ni and Cu deposits that they will put into production short term but with the $14 million they are going to spend on exploration, there should be some exciting PM results. One of the properties, Victoria, is located in the Worthington Offset Dike, 6.5 km north of Inco's high PGM grade Totten property. Drilling starting within two weeks. I will keep you posted.
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