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Franconia Reports 35% Increase in NI 43-101 Indicated Resource
Oct. 28, 2010 03:10PM PST
Base Metals Investing Franconia Minerals Corporation (TSE:FRA) reports an updated resource estimate for the Birch Lake copper-nickel-platinum group metal deposit, Northern Minnesota.
The press release is quoted as saying:
Based on a Net Smelter/processing Return (NSR) cut-off of US$30/tonne, Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) estimates an Indicated Resource* of 176.8 million tonnes. This represents a 35% increase in the amount of Indicated Resources from the previous 2009 estimate (see news release of September 23, 2009) of 131.2 million tonnes.
Click here to access the entire news release.
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