Amerigo Resources Ltd. press release
Fieldex starts drilling on its flagship Laforce copper nickel property
TSX - Toronto Stock Exchange · Copper · Molybdenum · Silver · Canada
ROUYN-NORANDA, QC, Sept. 21 /CNW Telbec/ - Fieldex Exploration Inc. (FLX : TSXV and F7E : Frankfurt) is pleased to inform its shareholders that the 18-hole drilling program on Midrim property has been completed and that Fieldex has started a 40-hole drilling program on its flagship advanced-stage LaForce property recently acquired from FNX Mining where Fieldex now owns 100-per-cent interest, subject to 2% royalties to FNX Mining. (See news reported in Stockwatch dated May 2nd, 2007, for details of this agreement.)
Martin Dallaire, president and chief executive officer of Fieldex, stated: "The 2006 diamond drilling program was designed to confirm the pre-existing mineralized orebody, the 2007 40-hole drilling program is designed to expand the orebody and to increase the resources".
Of the six holes drilled in 2006, LF-06-04 intersected 52.5 metres (6.00m - 58.50m) grading 1.01% Ni and 0.49% Cu. The Laforce mineralized envelope is hosted by an amphibolite pod within gabbroic rocks, and is comprised of up to 15% disseminated to wispy sulphides.
Results from the 2006 6-hole diamond drill program;
From (m) To (m) Length (m) Ni % Cu % LF-06-01 44,96 50,00 5,04 1,01 0,51 LF-06-02 41,75 56,50 14,75 0,82 0,38 LF-06-04 6,00 58,50 52,50 1,01 0,49 including 8,66 18,20 9,54 1,59 1,00 29,65 42,70 13,05 1,66 0,57 LF-06-04 73,81 104,04 30,23 0,62 0,40 including 78,84 85,00 6,16 1,01 0,47 100,52 104,04 3,52 0,99 1,06
The results will be communicated as soon as available.
The Temiscamingue projects are being supervised by Laurent Halle P.Geo, the qualified person for these projects.
Options
Fieldex Exploration has agreed, subject to regulatory approval, to grant 240 000 incentive stock options to consultants at an exercise price of $0.40 per share, these options being exercisable for a period of two years from the date of grant.
About Fieldex:
Fieldex is a mineral resource company actively exploring in Quebec for nickel-copper-platinum group metal deposits located through out Northern Quebec, representing over 600 km(2). FNX Mining Company owns 6 500 000 shares of Fieldex Exploration Inc.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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