Goldhills Holding Ltd. press release
Fieldex buys 100% strategic Blondeau Copper Nickel Property
TSXV - TSX Venture Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Canada
ROUYN-NORANDA, QC, April 25 /CNW Telbec/ - Fieldex Exploration Inc. (FLX: TSX-V and F7E: FSE) is pleased to announce that it has completed the acquisition of the Blondeau Copper Nickel Property located 3 km east of the former Lorraine Mine (copper / nickel) in the Abitibi-Temiscamingue mining camp, northern Quebec. The Blondeau property covers approximately 208 hectares and will be added in Fieldex' advanced stage property portfolio. The historical resources of the Blondeau Property are 227,000 tons grading 0.45% Cu and 0.45% Ni. The historical resources of the Blondeau Property were not calculated as per Regulation 43-101. Those resources were stated in a document published in 1967 by the MinistGere des Richesses naturelles du QuDebec entitled Etude spDeciales 2. Under the terms of the agreement, Fieldex Exploration can earn 100% of the project by making cash payments of $35,000 and issuing 25 000 shares to the Owners. The property is subject to a 1% net smelter return royalty payable to Geoconseils Jack Stoch Limitee and 1% net smelter return royalty payable to Thundermin Resources Inc. The agreement regarding the Blondeau Property is subject to regulatory approval. No finders fee is to be paid regarding the agreement and the Owners and Fieldex are not related parties.
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).
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.