Press Releases


Fieldex Exploration Inc (FLX-TSXV) provides an exploration update on its Temiscamingue Joint Venture project in Quebec, including a summary of the first phase exploration drill program, recent airborne geophysical survey results, and prospecting activities. Phase one drilling on the newly discovered Hosking gold occurrence has significantly expanded the mineralization to depth (greater than 50 meters) and strike length from 100 meters to more than 700 meters. Results of the helicopter borne electromagnetic survey flown in December 2004 on selective komatiitic and gabbroic terrains, have identified several target areas hosting numerous strong conductors coincident with sulphide mineralized komatiitic flows that represent high priority nickel targets. Recent staking has consolidated a large land position encompassing ten historic uranium and niobium showings with historical reported values up to 15.2 pounds U3O8 per ton.



As announced in March 2005, Aurora Platinum Corp. was acquired effective July 1,2005 by FNX Mining Company Inc. (FNX-TSX/AMEX) which simultaneously sold a 50% interest in Aurora Platinum Corp to Dynatec Corporation (DY-TSX). As a result of this transaction, the 5 year joint venture agreement between Aurora and Fieldex to jointly explore the Belleterre greenstone belt (Abitibi-Temiscamingue region of Quebec) for gold, copper, nickel, platinum group metals and volcanogenic massive sulfide base metal deposits is now a joint venture with FNX Mining and Dynatec Corporation. The Joint Venture's consolidated land position covers over 60,000 hectares representing the largest single land package in the Belleterre greenstone belt.


In January 2005 (see News Release January 20, 2005) the Joint Venture initiated a first phase drill program on four prospects: Hosking gold zone, Siscoe gold zone, Petosa gold property, and the Harding base metal (zinc/copper) showing. The Hosking zone is located less than 2 kilometres north of the Belleterre Gold Mine. From 1936 to the time of closure of the mine in 1958, the mine produced just under one million ounces of gold from 2.397 million tons of ore. The Hosking mineralization is similar to that of the Belleterre Mine, as it is associated with sulphide mineralization and quartz veins hosted by intensely altered and deformed gabbros. Grab and channel samples yielding gold values up to 19.0 grams per tonne over 1.0 meter and 11.15 grams per tonne over 0.5 metres were obtained from the Hosking zone during initial 2004 prospecting activities (see News Release January 20, 2005). In the first phase drill program, three shallow holes were drilled under the main Hosking showing and intersected wide zones of gold mineralization: 0.71 grams per tonne over 15.0 metres and 1.3 grams per tonne over 12.3 metres. The inferred eastward extension of the Hosking Deformation Zone was tested by four drill holes. All holes intersected the gold zone, extending it an additional 700 metres to the north east (open in strike and depth). Assays from these holes returned the following gold values: 1.26 grams per tonne over 1.68 metres, 0.71 grams per tonne over 3.0 metres, including 1.3 grams per tonne over 1.0 metre, 2.38 grams per tonne over 0.20 metres and 0.68 grams per tonne over 0.64 metres.

One hole was drilled under the Siscoe gold occurrence, a mineralized deformation zone located parallel and 60 metres south east of the main Hosking showing, and intersected 1.49 grams per tonne over 0.70 metres. This zone remains open in all dimensions. The Harding base metal occurrence, and coincidental electromagnetic anomaly, was tested by three shallow drill holes and returned sub economic zinc and copper values. Three preliminary holes were drilled on the Petosa gold property undercutting high-grade gold grab samples previously taken from quartz veins cutting strongly sheared and altered quartz diorite (up to 59.8 grams gold per tonne). No significant drill assay results are reported.


A helicopter borne electromagnetic survey of over 1,300 total line kilometers was completed in late December 2004 on the komatiitic and gabbroic terrains which lie within the eastern extension of the regionally extensive nickel metallotec that includes the world class deposits of the Sudbury Igneous Complex. Several of these areas host numerous strong conductors that have subsequently been prospected and are related to sulphide mineralized komatiitic flows and interflow sulphidized sedimentary rocks. Prospecting and mapping activities in these areas are currently in progress with drilling of high priority nickel targets to be initiated in the fourth quarter.


Recent staking has consolidated a large land position encompassing ten historic uranium and niobium showings within the northeastern portion of the Belleterre Belt. Occurrences are hosted by fertile granite pegmatite dykes in a quartz monzodiorite intrusion. Pegamatite dykes can be in excess of 5 meters wide and consist predominantly of smokey quartz and microcline (amazonite variety up to 0.5 meters in length). Individual showings have reported historical U3O8 values of 15.2 pounds per ton, 8.42 pounds per ton, 4.46 pounds per ton, and 2 pounds per ton. Field prospecting activities are currently ongoing in the area to locate and expand the showings, with a drill program planned for the fourth quarter.