Timelines to produce a 43-101
posted on
May 12, 2009 04:26PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
This is how long it took FNI to get out a 43-101 on a fraction of the drilling San has done.
Exploration achievements in the first quarter of 2009 are summarized as follows:
Exploration efforts in the first quarter included work on the Lockerby East, Lockerby South and Raglan Hills properties.
The Company has the required funding to complete its exploration programs through the remainder of 2009. The Company will meet all of the exploration expenditures required to maintain its prospective exploration projects in Ontario including optioned and staked mining properties.
A total of 200 metres of surface diamond drilling was completed on the Lockerby East property finishing a hole started in the fourth quarter of 2008 testing the basal contact of the Sudbury Igneous Complex to the east.
A total of 1,019 metres of diamond drilling was completed on Lockerby South property. The program consisted of deepening existing holes from approximately 500 metres to a depth of approximately 1,500 metres. These drill holes will provide platforms for a Radio Imaging (RIM) borehole geophysical surveys planned for later in 2009. No significant footwall hosted sulphide mineralization has been observed to date, however, sections of Sudbury Breccia have been noted throughout the hole.
A new resource estimate was completed in the first quarter on the Conwest Deposit on the West Graham Property. Scott Wilson Roscoe Postle Associates Inc. was retained by First Nickel to carry out a resource estimate and prepare an independent technical report for the Conwest Zone on the West Graham Property, Sudbury area, Ontario. This technical report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. Scott Wilson RPA visited the property on November 26, 2008. Results of the resource estimate were press released on February 10th, 2009.