Welcome to the McFaulds Lake HUB on AGORACOM

Discuss the various junior resource companies within the McFaulds Lake Area

Free
Message: FNC claim discussion

FNC claim discussion

posted on Mar 01, 2008 01:37PM

These posts provide some background on nearby claims that are drawing attention and it was perhaps bad luck that PRB did not hit on their drilling...

http://www.agoracom.com/ir/Fancamp/m...

Posted by: pw on March 01, 2008 03:16PM

In response to: Re: Doubters by Aussie1

One more thing I would like to add to this FNC history. In the beginning, it was Dick Nemis who personally transfered the claims to FNC, as these were not Noront's properties. Dick still personally holds 2% rights in these claims.

Further more, many of the Noront's claims around the Eagle 1 were Dick's personal claims too and were transfered to NOT. Later, NOT and FNC had a JV with PRB, and 13 holes were drilled in winter 2006 somewhere around the Eagle 1 and Eagle 2 areas, one of the holes was on FNC's claims. None of the holes returned any excitement, and PRB dropped the JV later in 2006 after filing the works done.

NOT is now re-logging the old cores from those 13 holes, as some of the holes were evidently very close (within 100's of meters) to the current targets. All are part of the future book "The Big Score II".

~p

http://www.agoracom.com/ir/Fancamp/m...

Posted by: Aussie1 on March 01, 2008 11:46AM

In response to: Doubters by roos 2000

Nice post ROOS but ask Smith how he managed to keep his calims in McFaulds. You might be surprised to find out that Dr Palmer from PRB had a JV with FNC a while ago and saw that the claim papers hadn't been filed so he sent the document in and presto the expiry was extended. Smith (I am adding FNC to clarify who) himself upon hearing about NOT's discovery thought it was bad luck that he hadn't filed the paperwork and was surprised to learn that he still had the property. That the exploration game for you. Smith really owes evrything to Palmer, period!

I have spoken to Smith many times and he's a smart cookie about geology, no body's fool. Dr Palmer is way up there in knowledge also. You don't get a PHD in geolgy for nothing. PRB is a bargain, so close and yet look at the price and number of shares out. I feel like I'm preaching to an empty room some times but cest la vie.

The maps don't show anomalies like the ones on FNC and NOT but when the new surveys are released the share price will reflect hwat Palmer knows they have. Roos Palmer will be at PDAC and if I were you I'd spend as much time with him as possible. Like they say in the movie The Matrix - He's Is The ONE!

Go Dr Palmer Go Drill it and they will come.

Have a good weekend all.

Oz

Share
New Message
Please login to post a reply