Quadra FNX Mining Ltd. (TSX:QUX) announced that on-going exploration at the Company’s 100% owned Victoria property in the Sudbury Basin, Ontario has expanded and added significant confidence to the Zone 4 sulphide mineralized system which was first discovered in May 2010, when hole FNX1190 intersected 1,367 feet of mineralization grading 1.3% Cu, 0.6% Ni and 2.2g/t TPM.
The press release is quoted as saying:
Since May 2010 the Company has drilled an additional 11 holes and intersected Zone 4 in 10 places along the plunge of the deposit. As a result of subsequent drilling, Zone 4 has now been traced over a vertical length of over 3,000 feet. The grades intersected in Zone 4 have been generally higher than the previously announced results from Zones 1-3 (See FNX’s Press Release January 19, 2010), and are significantly higher than typical Sudbury camp grades. In addition, both copper and total precious metal (TPM) grades appear to be increasing with depth.