This information came from Neil Novak's news release:

"Two additional drill holes were drilled into a magnetic anomaly located 1.2 kilometres to the NW of the Big Daddy chromite occurrence, near the northwestern corner of the option property. The holes were set up at the same collar location of 550875mE at 5846305mN (UTM co-ordinates). The first was inclined at -50 degrees, the second at -65 degrees, and both were drilled at an azimuth of 315 degrees. The anomaly consisted of a strong magnetic and subtle electromagnetic conductivity response. A sulfide zone within the geophysically rendered NW trending Banded Iron Formation ("BIF")...

The assay results infer an enrichment in base metals in the BIF, particularly in hole FW-08-16 where 1.0 metre returned an assay of 0.93% Copper and 2.04% Nickel. The significance of this intersection needs to be further investigated."

I believe I have the location of this banded iron formation correct.

Snug