Finore Mining has commenced the drill program at the Läntinen Koillismaa project, which is a copper-gold-nickel-palladium-platinum project. The company has an option contract with Nortec Minerals to 80% of interest as earn-in from the property.
During October, the company entered a contract with Nivalan Timanttikairus (Nivalan) to conduct a 10,000 m initial drilling campaign at the LK Project. Previously, Nivalan had drilled more than 8,000 m at the project during 2008 and 2009.
The company has collared the primary drill hole, HAU11-001, in the Haukiaho prospect’s west expansion, which is located in the LK project’s south portion. It has planned the campaign to optimize the drilling in the winter and will focus on the 3,700 m down-dip and strike expansion of the Haukiaho’s mineralization. It will also target the mineralization in high-grade embayment zones that is found at the down-dip of Kaukua.
The main objective of this drilling is to develop the prominent Inferred Mineral Resource at the Kaukua and Haukiaho prospects, which was calculated by Watts, Griffis and McOuat (WGM).
Ian Laurent, CEO of Finore, has stated that the company is delighted due to the beginning of the drill program at this project. These drilling results will increase the united and present Mineral Resource at Kaukua and Haukiaho, which adds to the project’s value.
Source: http://www.finoremining.com/