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Discuss the various junior resource companies within the McFaulds Lake Area

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Message: From FNC office

From FNC office

posted on Jul 28, 2008 03:22PM

in Burnaby.I spoke with Debra Chapman.She guessed that I was looking for an update for McFaulds.Peter is in Mtl. at present.She said things were proceeding "painfully slow" however the drill is in Pickle Lake,expected to be transported by plane to Webequie(not sure how many pieces or flights)today or tomorrow(barring any problems)and then flown by chopper to the site.CYR drilling with Billiken running the camp.She said a NR will accompany start-up,possibly by Friday.Also they are working on some developments regarding Magpie and that we can expect a NR regarding this "fairly soon." FNC sold their 50% stake in Magpie for 27.5 million shares of Magpie Mining Inc.(a private company that is expected to go public soon)and when I asked Debra if we will get Magpie shares she stated that she believes we will,on a 1 for 1 basis.GLTA.

cs.

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