Goldhills Holding Ltd. press release
Fieldex drills 30 metres 1.0% nickel at Laforce
TSXV - TSX Venture Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Canada
ROUYN-NORANDA, QC, Oct. 18 /CNW Telbec/ - Fieldex Exploration Inc. (FLX :TSXV and F7E : Frankfurt ) is pleased to announce the final assay results from the first hole (LF-07-07) of a 40-hole diamond drilling program started September 21st on its copper nickel 100% owned Laforce property (subject to 2-per-cent royalties to FNX Mining) located in northwestern Quebec.
ASSAY RESULTS - HOLE LF-07-07
From To Int. Cu Ni Hole (m) (m) (m) (%) (%)
LF-07-07 41.51 71.60 30.09 0.53 1.00% including 42.51 58.26 15.75 0.52 1.15%
This hole was drilled vertically an intercepted copper-nickel mineralization from depth of 41.51 metre to 81.07 (39.56 metres). The mineralization occurs in a brecciate chloritized pyroxenite containing 10 to 15 % sulphide with section up to 30 % sulphide over few metres. The sulphide is chalcopyrite, pyrrothite, pyrite and pentlandite. These sulphides appear in small stinger around pyroxenite fragments, as coarse blebs in the breccias matrix and locally associated with small sheared zone. From the first observation it looks like the mineralization is from tectonic origin. The hole was drilled to a depth of 120 metres and terminated in a barren monzo-diorite. The holes LF-07-08 to LF-07-10 have recently been completed and intercepted mineralized sections as follow;
From To Int. Hole (m) (m) (m)
LF-07-08 32.09 79.69 47.60 LF-07-10 52.88 79.50 26.62
In light of this exciting nickel-copper and PGE discovery, with economical potential, Fieldex continues with an aggressive exploration campaign including detailed ground geophysical and drilling. Fieldex is planning to drill through the freeze-up period.
Martin Dallaire, the president and chief executive officer of Fieldex, stated: "The Laforce property is located right in the copper-nickel -platinum metallotec corridor defined by Inco. Inspiration Mining, with their recent Langmuir discovery in Timmins, has proved the potential of this corridor and Fieldex focus will ce rtainly be on LaForce in the coming months."
LaForce property consists of 6 contiguous mining claims covering a total of two hundred and eleven hectares (211 ha).
Quality control
Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and other half retained for future reference.
Qualified person
The Temiscamingue projects are being supervised by Laurent Halle P.Geo, the qualified person for these projects.
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 km2. 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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