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

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To: RJ2 who wrote (4013)5/29/2003 11:51:29 AM
From: RJ2   of 4269
 
FNX Mining(Inco),Dynatec, Lonmin,Wallbridge(Falconbridge) Parkin Twp. Most Northeastern drill holes next to Flag Resources properties, here is a previous (FNX Mining/Dynatec) Newsrelease that is a little piece I thought would add to the plot of the unfolding saga.

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Early 2003.

FNX 4089 was drilled within the Norman 2000 mineralized envelope and is
the best overall borehole drilled in the deposit to date. It intersected
526.2 ft. of 2.0% Cu, 2.5 g/t TPM including 134.9 ft. grading 5.1% Cu, 4.7 g/t
TPM and 10.0 ft. of 5.3% Cu, 5.3% Ni, 6.4 g/t TPM.
FNX 4088, the most northeasterly FNX borehole drilled in the Norman 2000
Deposit, is located over 500 ft. up-plunge from FNX 4089 and intersected
141.5 ft. grading 2.8% Cu, 2.0 g/t TPM and 22.0 ft. of 8.5% Cu, 5.3 g/t TPM.
FNX 4087, drilled over 650 ft. below FNX 4088 and 250 ft. east of the
previously reported FNX 4086 (257.5 ft. grading 3.4% Cu, 4.2 g/t TPM including
105.3 ft. grading 6.1%Cu, 7.0 g/t TPM), also intersected significant Cu-TPM
mineralization and demonstrates that the deposit is open to the northeast and
to depth.
A previously reported historical borehole (BH 855760) located on the same
section and between FNX 4087 and FNX 4088 also intersected thick and high-
grade mineralization (230.6 ft. of 3.2%Cu, 2.5 g/t TPM including 19.2 ft.
grading 20.0% Cu, 13.0 g/t TPM) (see Figure 1).
These intersections expand the 2000 Deposit and demonstrate the up-plunge
potential towards the Norman North Deposit. It is estimated that the true
width of these current intersections is approximately 50% to 60% of the stated
core lengths.
The Norman 2000 Deposit, now known over an area of least 600 ft. by
800 ft., is open both up-and down-plunge and dip, with the mineralization
occurring as massive sulphide and stringer sulphide veins consisting mainly of
chalcopyrite, pentlandite and millerite.
The Norman vein systems are several hundred feet wide and are located
within the Whistle Offset Dyke where the dyke dramatically changes from a wide
bulbous shape to a narrow constriction accentuated by the presence of large
inclusions in the dyke. This geological setting is a common host to ore
deposits in other Sudbury Basin Offset Dykes.
The geological setting and style of mineralization of the Norman 2000
Deposit are similar to that of the Norman North Deposit, which outcrops about
3000 ft. up-plunge. A significant portion of the 2003 drilling program will be
directed towards testing the area between these two deposits.
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