Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Discussion and Analysis is August 26, 2013

The MDA reads:"The Magpie Mines Inc. commenced the Phase 3 Metallurgical bench-scale tests, consisting of (i) upgrading titanium product obtained in Phase 1 and 2 to a higher titanium oxide (TiO2) product and (ii) selective recovery of Vanadium (V) and Chromium (Cr) using solvent extraction technique."

One cannot deduce from this whether the results are good or not, as it is quite possible that the tests are stil pending . The March 13,2013 NR indicated: "SGS Lakefield is expected to initiate the Phase 3 Metallurgical Tests later this month and will consist of selective recovery of Vanadium (V) and Chromium (Cr) using solvent extraction technique. The Phase 4 Metallurgical Tests will consist of a mini- pilot plant scale test for the production of high-grade iron oxide and acid regeneration using well established oxy-hydrolysis methods and are expected to commence later in Q1-2013"

That same NR further reports: "Fancamp had previously announced that The Magpie Mines Inc., had entered into a contractual agreement with the Sichuan Non-Ferrous Technology Group (“SNFT”) to carry out beneficiation tests on the Magpie mineralized material (refer to the company news release dated August 21, 2012). SNFT is a Chinese R&D company with many years of experience in beneficiating and processing complex Iron-Titanium-Vanadium ores, similar to Magpie. The objective of the tests are to produce Iron concentrates from smelting containing Vanadium and Chromium, and Titanium concentrates from a 1.5 tonnes of samples shipped to China late last year. Test results are still pending but are expected this Quarter." These are the results that I am wondering about.

Cheers, Luker

http://fancampexplorationltd.ca/FNC_NEWS.html

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