Franconia Doubles NI 43-101 Resource Estimate on Birch Lake Copper-Nickel-PGM Resource
Indicated Resource of 108 Million Tonnes plus Inferred Resource of 87 Million Tonnes
Franconia Minerals Corporation (TSX: FRA) (\"Franconia\") is pleased to report the updated resource estimate for the Main Zone at the Birch Lake property copper-nickel-platinum group metal (PGM) deposit, one of three underground resource areas identified thus far at Franconia\'s Birch Lake Project in Minnesota. Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA), which provided the technical report according to NI 43-101 standards, now estimates an Indicated Resource(a) of 108.2 million tonnes plus an Inferred Resources of 87.3 million tonnes for the Birch Lake deposit. This represents a substantial increase from the previous Birch Lake property resource, which included only an Inferred Resource of 100.4 million tonnes and no Indicated Resource (see tables).
- Published: 09 July 2008
- Written by Editor