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

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To: Patricia L. Toope who started this subject10/31/2002 2:11:47 PM
From: RJ2   of 4269
 
I'd be peeved too if you came to your mining area and picked up some of the most righteous diggings, Murdo might not be liked but he has sure done his homework on the prolific Sudbury ming district. Deeelliiver Now!!!! Some old but good reading from Bert19.. Cheers

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SUBJECT: RE: Hope. Posted By: bert19
Post Time: 12/6/00 17:38
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Under the terms of a Confidentiality Agreement with FLAG, INCO Limited
(N.Y.S.E.) took representative grab samples from the rock dump of a
prospector's shaft sunk on a small surface occurrence of massive sulfides at
Rathbun Lake.
Best assay values from the grab samples, listed below, were 22.83%
copper, 2.18% nickel, .517 ounces platinum, 1.89 ounces palladium and 0.86
ounces of gold per ton.
<<
XRAL Laboratories, Don Mills, Ontario
Assays, Rathbun Lake Occurrence
Rathbun Township, Wanapitei Anomaly
June 24, 1999
Per Ton

Rock Type Copper Nickel Platinum Palladium Gold

1. Massive Sulfides
RX307814-Rock Dump 22.83% 0.257% .038 ounces .86 ounces .007 ounces
RX307815 6.4 % 0.356% .201 ounces .211 ounces .049 ounces

2. Gabbro 25%
Disseminated Sulfides
RX307816-Rock Dump .11% 0.322% .065 ounces .211 ounces .005 ounces
RX307820-Rock Dump 2.33% 1.29 % .248 ounces .451 ounces .086 ounces

3. Massive Sulfides
Sedimentary (3) Matrix
RX307821 2.96% 2.18 % .517 ounces 1.89 ounces .075 ounces

4. Gabbro - 20%
Disseminated Sulfides
RX307822-one square
meter block at shaft 0.66% 0.536% .048 ounces .486 ounces .0256 ounces

5. Gabbro
5% Disseminated
Sulfides
RX307823-Small
Pit, Nipissing Gabbro 0.72% 0.321% .0057 ounces .020 ounces .011 ounces
>>

Of the 22 pulp and rock grab samples taken, these are the assays received
from Inco.
The assays confirm previous assay results, but better represent the
geological characteristics of the mineralized structure.
Two miles east, at Matagamasi Lake, FLAG discovered 1111 continuous feet
of disseminated nickel, copper, platinum and palladium mineralization, in a
vertical drill hole, from 419 to 1530 feet, in Gowganda sediments.
The mineralization is not economic. Analysis of the drill core indicated
that the mineralization migrated from an underlying or nearby source.
To find the source, the original discovery hole is being deepened from
2500 to below 3000 feet. It is currently at 2637 feet.
To also explore for the source and extension of the widespread
disseminated mineralization, an exploratory drill hole is being drilled into a
2600 toot wide zone of Sudbury breccia, located 1100 feet south, on the
southern boundary of a large olivine diabase dike. Sudbury breccia is
associated with many of the ore deposits of the adjoining magnetic and gravity
anomaly, to the Wanapitei Anomaly, the Sudbury Anomaly.

The present drilling is going on 2.5 miles NE from the above find and should go to a 1000 feet or so.So there is still plenty going on! And as soon as the ice is strong enough there will be another hole going down into the lake. Matagamasi. Have a nice day ladies & gentlemen... and others.


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