FNX Mining buys 50% of Fieldex's strategic Laforce copper-nickel property
Fieldex Exploration Inc. announced Tueasday that Aurora Platinum (100% owned by FNX Mining Company) has acquired 50% of the Laforce copper-nickel Property. Fieldex will retain 50% of the property.
The Laforce Property consists of 14 contiguous mining claims covering a total of five hundred ninety-five hectares (595 ha). The claims are located in the Brodeur and Devlin townships in the Rouyn-Noranda Mining District of Quebec.
Fieldex is pleased to share FNX Mining's unique expertise in the copper-nickel field. FNX Mining will be the operator of the project and a diamond drilling program on the Laforce Property is scheduled in August 2006.
The fifteen most important intersections drilled by Kerr Addison Gold Mines Ltd on the Laforce property outlined an area of mineralization of over two hundred feet (61m.) in strike length. This area averaged 1.16% nickel and 0.45% copper (Laforce Property – 43-101, J.D Charlton April 18, 2002).
The agreement regarding the Laforce Property is subject to regulatory approval. No finders' fee is to be paid regarding the agreement.
About Fieldex
Fieldex is a mineral resource company actively exploring deposits in Quebec in partnership with FNX Mining Company for Nickel-Copper-PGE group metal and for gold with Cambior and Lake Shore Gold. Fieldex owns many properties located in Northern Quebec, representing over 600 km(2).
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