As at the end of Q1 2011, Newgenco Exploration (Fennoscandia) Pty Ltd’s Alliance and Joint Ventures in Finland with First Quantum Minerals report:
Regional exploration in the area north of Kevitsa is returning encouraging results. Twenty-two geophysical targets have been tested by base of till drilling in 2,400 shallow holes. Several Cu-Ni-PGE anomalies coincident with magnetic features are highlighted. Three targets are currently being tested by diamond core drilling with seven holes completed. Disseminated and net textured magmatic Cu-Ni sulphides have been reported in several holes.
Regional reconnaissance exploration continues.
