Geophysical surveys indicate that the deposit is open along strike to the south and down-dip. Exploration drilling and more detailed delineation drilling are expected to continue in conjunction with any future development and production of the deposit.
January 31, 2001
A 20% increase was reported in the indicated and inferred resource categories.
Further exploration at the high-grade Totten discovery, announced in.October, 1999, has increased the total indicated and inferred resource tonnage by about 20 per cent at a slightly higher grade. The deposit, as delineated, contains 10.1 million tonnes of 1.50 per cent nickel, 1.97 per cent copper and 4.8 grams per tonne of palladium and platinum, including 1.4 million tonnes of inferred resource at 1.4 per cent nickel, 2.0 per cent
copper and 7.1 grams per tonne palladium and platinum. Significant additions to this resource are expected since exploration drilling and geophysics indicate that the limit of the orebody has not yet been reached. More detailed delineation drilling is ongoing and a feasibility study is underway to bring the orebody into rapid production.
January 18, 2001
Inco Ltd. reported several significant platinum and palladium mineralization discoveries at three of its Sudbury, Ontario operations. New high grade ore discoveries are part of its ongoing efforts to increase palladium and platinum production from Totten, McCreedy East and Copper Cliff North mines. Inco plans to produce 416,000 ounces of platinum group metals in 2001, a 21% increase over 2000 production.
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