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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: ali who wrote (4012)	5/28/2003 11:18:46 AM
From: RJ2	Read Replies (1) \| Respond to of 4269

I like this part of Lonmin/Wallbridge May 28/2003 newsrelease isn't that about where Flag is drilling now? ------------------------------------------------------- The Milnet property is located on the Parkin offset dyke on the northeast corner of the Sudbury Basin. The Parkin offset is believed to be the faulted extension of the Whistle offset, which hosts the Whistle Mine and Fort Knox Mining's Norman Project. On the Milnet property, drilling will target the down plunge extension of the Number 2 zone at the past producing Milnet Mine. This mine was in operation in the late 1940s and early 1950s and produced 157,130 tons @ 1.49% Ni, 1.54% Cu, 2.25 g Pt/t and 2.98 g Pd/t. The Milnet No. 2 zone was mined from surface to a depth of 390 feet (119 metres). 3-D modelling of the Parkin Offset dyke demonstrated that the high grade intersections in two old underground drill holes: - 1.34% Cu, 3.43% Ni / 1.5 metres core length in hole 4-121; - 5.31% Cu, 10.07% Ni / 0.3 metres core length in hole 4-128; and, - 1.10% Cu, 1.17% Ni/ 0.4 metres core length in hole 4-128 (the holes were not assayed for PGEs). These intersections are located in a pinched section of the dyke, which represents the down plunge extension of the structural feature that hosted the Milnet No. 2 zone. The intersections are located between 400 and 480 metres below surface, about 280 to 360 metres below the lower end of the Milnet No. 2 zone. A second drill target is situated northeast of the former Milnet Mine where recent mapping by Wallbridge geologists in 2002 identified a previously unknown northwest trending splay of the offset dyke. There is no record of any drilling in this area.