Franconia Reports 35% Increase in NI 43-101 Indicated Resource

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Franconia Minerals Corporation (TSE:FRA) reports an updated resource estimate for the Birch Lake copper-nickel-platinum group metal deposit, Northern Minnesota.

Franconia Minerals Corporation (TSX: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.

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