Four Corners Retains International Consulting Firm
The Four Corners Mining Corporation (FCMC), operator of Triple Nine’s 100% owned Four Corners Iron Ore – Titanium – Vanadium Project announces it has engaged SRK Consulting to provide an independent evaluation of the metallurgical testing being completed at ALS Ammtec Metallurgy in Balcatta, Australia. SRK is a consulting firm with 40 offices worldwide providing a comprehensive range of services to the mining industry.
FCMC Chairman and CEO, Len Muise states the company is very pleased that a Global firm such as SRK has agreed to complete an independent assessment and economic evaluation of the metallurgical or milling characteristics of the titanium – vanadium enriched iron ore. Mr. Muise notes that metallurgical testing normally is not completed until a much later stage of exploration but because of the early indications of a major resource potential at Four Corners it was recommended to carry out the testing at this early stage of exploration.
FCMC recently completed a highly successful round of drilling with 3072 metres being drilled in 7 holes along a 2.3 km section of the more than 5 km long mineralized target. The latest drilling together with the results from the 5 holes drilled in 2010 shows the target zone is mineralized throughout. The deepest hole drilled to a vertical depth of 590 metres, the maximum penetration of the drill rig, bottomed in mineralization and supports interpretations of the mineralization extending up to 1000 metres down dip. Mr. Muise further reports that the resumption of drilling will focus on deeper drilling to further test the mineralization at greater depths and also test the 3000 metres of untested strike length. He notes that successful testing of the down dip and strike extensions should result in outlining a major resource. More than 800 samples were shipped to Actlabs at Ancaster, ON for assaying and due to a high work load at this accredited laboratory results are pending with all assay results expected by early November, 2011.
Monies raised in a recent private placement of shares in FCMC at $2.50/share will offset the costs of the metallurgical testing, independent consulting, data modeling and completing a 43-101 compliant resource report, as well as providing operating capital. The company thanks its shareholders for the excellent support provided throughout the brief history of the company.
Updates of the Triple Nine Resources website are in progress and can be viewed by visting the website at www.triplenineresources.com.
Industry consultant, Victor A. French, P.Geo., Vice President of Exploration for Triple Nine / Four Corners and a qualified person as defined by National Instrument 43-101 reviewed the scientific and technical information contained in this news release.