MPM releases first Mt. Kakoulima resultsIn Guinea, West Africa FNX will be operating an aggressive hunt for economic deposits. Phase 3 drilling is scheduled to commence in the coming weeks as phase 2 drilling had initial success. The diamond drill programme was focused on establishing the basal contact of the Kaloum Igneous Complex (KIC) on both north and south margins, down stratigraphy of the sulphides first discovered by Semafo in 1996. These areas were identified in Phase 1 of the project (February to May, 2004) by geophysical re-interpretation, mapping and ground geophysics. The diamond drill programme was successful in both locating the contact and intersecting disseminated sulphides locally. The disseminated sulphides are both Ni- and Cu-bearing.
The acquisition of the Ben Lomond uranium deposit in Australia by Maple will close later this month or early March.