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First Narrows Completes Resource Estimate for the Near Surface Portion of the Chester Feeder Deposit
First Narrows Completes Resource Estimate for the Near Surface Portion of the Chester Feeder Deposit
About this update from Northern Uranium Corp.
[{"type":"text","content":"First Narrows Completes Resource Estimate for the Near Surface Portion of the Chester Feeder Deposit\n\n\n\nFirst Narrows Completes Resource Estimate for the Near Surface Portion of the Chester Feeder Deposit\n\nManagement optimizing design and project scheduling prior to final feasibility\n\nVancouver, British Columbia CANADA, April 16, 2008 /FSC/ - First Narrows Resources Corp. (UNO - TSX Venture, FNRWF - OTCBB_Pink_Sheets), is pleased to announce the completion of the National Instrument 43-101 (\"NI 43-101\") mineral resource estimate for the near surface extent of the Chester Feeder Deposit copper stringer mineralization. Measured and Indicated Resources total 284,000 tonnes grading 2.78% Cu and 7.3 gpt Ag (2% Cu cut-off) underlying an area of approximately 1.6 hectares and lying within 75 meters of surface. The resource estimate is based on 179 core drill holes completed by the Company over a period of 14 months. An Inferred Resource of 298,000 tonnes grading 2.51% Cu and 3.1gpt Ag lies immediately down dip from the Measured and Indicated resource. \n \nFirst Narrows is reviewing alternatives for advancing the Chester project. At present, studies are in progress with the objective of identifying an optimal design plan and project scheduling for a small scale mine (SSM) prior to final feasibility.\n \nChester Deposit Mineral Resource Summary \n\nCut-off Measured 100% First Narrows \n----------------------------------------------------------------------------\nCu % ktonnes Cu % Ag gpt ktonnes Cu % Ag gpt \n----------------------------------------------------------------------------\n0.5 71 2.46 8.6 71 2.46 8.6 \n1.0 68 2.53 &n...