Press Releases

Fieldex and Cambior buy back 2.5% NSR on their Stadacona-East gold property

Fieldex Exploration Inc. (FLX :TSXV, F7E:FSE) is pleased to announce that Fieldex and its 50% joint venture partner and operator Cambior are buying back 2.5% NSR (Net smelter Return) on their Stadacona-East gold property located in Rouyn-Noranda. The Stadacona-East property was subject to a 3% NSR to a group of prospectors.The Stadacona-East gold property consists of 73 claims (14 sq.km) located 1.5 km south of the Horne mine (53.7 Mt of ore that averaged 2.22% Cu, 6.1 g/t Au and 13 g/t Ag) and beside the Stadacona mine (2.8 Mt of ore grading 5.5 g/t Au). Since the beginning of the joint venture, Cambior has undertaken 29 492 m (94 holes) of surface diamond drilling on the Stadacona-East property. The drilling program has led to the discovery of the Forbex gold deposit which is estimated to contain resources of 449 960 t grading 5.5 g/t Au (estimated prior to NI 43-101 standards and considered an historical estimate, Ref.: Gisement métallique, MRN, GM 57646) with a potential extension in depth. Some work could be further advanced, in the upcoming field season, leading towards a possible drill program in 2006.

Fieldex Exploration is a mineral resource company actively exploring deposits in Quebec in partnership with FNX Mining Company for nickel-copper-platinum group metal and for gold with Cambior and LakeShore Gold Corp. Fieldex owns many properties located in Northern Quebec, representing over 600 km².