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Gold/Mining/Energy : Falconbridge Ltd.( T.FL ) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (61)	8/11/2000 8:59:50 AM
From: Condor	Read Replies (1) \| Respond to of 103

Navigator and Falconbridge to explore Thye Lake Falconbridge Ltd FL Shares issued 177,041,400 2000-08-10 close $17.05 Thursday Aug 10 2000 See Navigator Exploration Corp (NVR) News Release Mr. Eira Thomas reports A letter agreement has now been signed with Falconbridge Limited to explore the Thye Lake property in the Northwest Territories. Thye Lake (also known as the Anki property) is located in the South mining district, approximately 550 kilometres southeast of Yellowknife and 135 kilometres northeast of Stony Rapids, Sask. Previous work on the property established a drill-indicated geological resource of 15 million tonnes grading 0.45 per cent nickel and 0.19 per cent copper to a depth of 250 metres. Surface grab samples have also yielded significant concentrations of platinum group elements (up to 3,700 parts per billion combined platinum palladium), but no consistent values have been intersected by drilling. A recent interpretation of geophysical data suggests that there is a significant untested conductor within the 1,500-hectare land package. Under the terms of the agreement, Falconbridge has the option to acquire up to a 60-per-cent interest in the property by spending $3-million on the property on or before July 30, 2009. Falconbridge plans to conduct geological mapping on the property later this summer, followed by a program of ground geophysics after freeze-up in late 2000 or early 2001. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com