Fieldex initiates copper nickel resource calculations at Midrim



    ROUYN-NORANDA, QC, Nov. 7 /CNW Telbec/ - Fieldex Exploration Inc.
(FLX :TSXV and F7E : Frankfurt ) is pleased to announce that the engineering
firm Genivar has been mandated to execute the resource/reserve calculations on
Fieldex' 100% owned Midrim property.
    A total of 116 holes representing over 16 000 metres of diamond drilling
has been completed on the property by Fieldex. The 18 hole drilling program
recently completed has been strategically located to test several sections of
the block model that is the basis for the ongoing resource/reserve
calculations.
    At Midrim, mineralization typically consists of a number of gabbroic
sills with disseminated sulphides in the upper parts of the sills followed by
massive sulphide accumulations along the basal part of the sills. The massive
sulphides are comprised mainly of chalcopyrite, pyrrhotite, violarite,
pentlandite and pyrite. Native gold and platinum/palladium minerals have also
been identified in the sulphides.
    Results from phase I, II of diamond drilling on the Midrim property are
summarized below (ref. 43-101 Midrim Property, Richard J. Mazur)

    
    -------------------------------------------------------------------------
                                 Inter-                Pt
    Hole No.       From      To    val     Pt    Pd  + Pd    Cu    Ni    Co
    -------------------------------------------------------------------------
                     (m)     (m)    (m)   g/t   g/t   g/t     %     %     %
    -------------------------------------------------------------------------
    MR-00-01       8.39   35.19  26.80   0.75  1.40  2.15  2.32  1.45  0.06
    -------------------------------------------------------------------------
    Including     15.50   35.19  19.69   0.97  1.77  2.74  2.99  1.85  0.07
    -------------------------------------------------------------------------
    MR-00-02      28.00   50.17  22.17   0.17  0.42  0.59  0.64  0.44  0.02
    -------------------------------------------------------------------------
    Including     32.75   39.44   6.69   0.22  0.51  0.73  1.18  0.85  0.03
    -------------------------------------------------------------------------
    MR-00-03      12.00   18.40   6.40   0.29  0.73  1.02  0.73  0.46  0.02
    -------------------------------------------------------------------------
                  26.22   59.00  32.78   0.16  0.42  0.58  0.50  0.29  0.02
    -------------------------------------------------------------------------
    MR-00-05      28.22   69.60  41.38   0.67  2.14  2.81  1.92  1.81  0.06
    -------------------------------------------------------------------------
    Including     57.15   69.60  12.45   1.00  2.80  3.80  2.72  2.72  0.07
    -------------------------------------------------------------------------
    MR-00-07      88.60  103.70  15.10   0.23  0.61  0.84  0.56  0.39  0.02
    -------------------------------------------------------------------------
    MR-00-08      36.60   38.30   1.70   0.30  1.27  1.57  0.72  0.53  0.02
    -------------------------------------------------------------------------
                  51.00   52.00   1.00   0.40  1.37  1.77  0.51  0.85  0.03
    -------------------------------------------------------------------------
    MR-00-11      23.05   50.15  27.10   0.22  0.57  0.79  0.61  0.43  0.02
    -------------------------------------------------------------------------
    Including     44.55   50.15   5.60   0.64  1.36  2.00  1.70  1.09  0.03
    -------------------------------------------------------------------------
    MR-01-17       0.00   19.35  19.35   0.39  1.15  1.54  1.29  1.33  0.04
    -------------------------------------------------------------------------
    MR-01-24      45.75   49.50   3.75   0.53  1.68  2.21  0.70  0.89  0.01
    -------------------------------------------------------------------------
    MR-01-25      49.98   57.00   7.02   0.62  1.76  2.38  1.58  1.45  0.04
    -------------------------------------------------------------------------
                  64.27   78.27  14.00   0.80  2.20  3.00  2.22  1.84  0.05
    -------------------------------------------------------------------------
    MR-01-28      54.50   60.00   5.50   0.54  1.70  2.24  1.25  1.58  0.05
    -------------------------------------------------------------------------
    MR-01-29       3.00   36.45  33.45   0.40  1.25  1.65  1.42  0.98  0.04
    -------------------------------------------------------------------------
    Including     17.60   36.45  18.85   0.55  1.88  2.43  2.11  1.49  0.05
    -------------------------------------------------------------------------
    MR-01-30      10.90   18.00   7.10   0.66  1.86  2.52  2.15  1.06  0.04
    -------------------------------------------------------------------------
    MR-01-32      28.35   39.35  11.00   0.23  0.66  0.89  0.65  0.48  0.02
    -------------------------------------------------------------------------
    MR-01-33      33.00   48.15  15.15   0.20  0.61  0.81  0.58  0.38  0.02
    -------------------------------------------------------------------------
    MR-01-34      33.00   41.00   8.00   0.24  0.68  0.92  0.43  0.35  0.02
    -------------------------------------------------------------------------
                  44.00   52.17   8.17   0.12  0.41  0.53  0.60  0.43  0.03
    -------------------------------------------------------------------------
                  80.32   84.32   4.00   0.14  0.41  0.55  0.44  0.26  0.02
    -------------------------------------------------------------------------
    MR-01-37      46.00   52.60   6.60   0.76  1.89  2.65  3.64  4.29  0.09
    -------------------------------------------------------------------------
    Including     49.00   52.60   3.60   0.70  2.68  3.38  6.30  7.26  0.12
    -------------------------------------------------------------------------
    MR-01-38      42.98   56.00  13.02   0.78  2.14  2.92  2.52  1.37  0.06
    -------------------------------------------------------------------------
    MR-01-39      23.00   25.00   2.00   0.55  1.80  2.35  0.56  0.82  0.03
    -------------------------------------------------------------------------
    MR-01-40      62.80   66.80   4.00   0.40  1.10  1.50  0.93  0.60  0.03
    -------------------------------------------------------------------------
    MR-01-46     124.00  136.00  12.00   0.50  1.38  1.88  1.28  0.94  0.04
    -------------------------------------------------------------------------
    MR-01-52      25.00   31.00   6.00   0.35  1.20  1.55  1.06  0.80  0.04
    -------------------------------------------------------------------------
                  34.20   39.25   5.05   0.27  0.68  0.95  0.96  0.42  0.02
    -------------------------------------------------------------------------
                  42.52   44.00   1.48   1.11  3.30  4.41  1.78  2.84  0.13
    -------------------------------------------------------------------------
    MR-01-53     111.00  117.70   6.70   0.53  1.90  2.43  1.56  1.10  0.10
    -------------------------------------------------------------------------
    MR-01-55      39.00   45.00   6.00   0.45  1.40  1.85  1.34  1.06  0.04
    -------------------------------------------------------------------------


    Results from phase III - 2007

    -------------------------------------------------------------------------
    Hole           Hole                 Inter-
    Lenght           No.   From     To    val    Pt    Pd    Ag    Cu    Ni
    -------------------------------------------------------------------------
    (m)                      (m)    (m)    (m)  g/t   g/t   g/t     %     %
    -------------------------------------------------------------------------
    41.00      MR-07-01   27.00  39.06  12.06  0.23  0.59   3.0  1.00  0.58
    -------------------------------------------------------------------------
              Including   28.50  31.50   3.00  0.37  1.08   5.0  1.80  0.78
    -------------------------------------------------------------------------
    60.00      MR-07-03   35.09  45.40  10.31  0.10  0.31   2.0  0.54  0.24
    -------------------------------------------------------------------------
    56.00      MR-07-04   23.00  29.00   6.00  0.16  0.45     -  0.61  0.33
    -------------------------------------------------------------------------
    28.50      MR-07-06    3.00  10.00   7.00  0.27  0.92   7.0  1.31  1.36
    -------------------------------------------------------------------------
    45.00      MR-07-07   19.70  41.00  21.30  0.21  0.51   2.0  0.77  0.48
    -------------------------------------------------------------------------
              Including   26.00  35.00   9.00  0.29  0.68   4.0  1.10  0.76
    -------------------------------------------------------------------------
              Including   29.00  32.60   3.60  0.36  0.80   5.0  1.41  1.12
    -------------------------------------------------------------------------
    

    Completion of the resource calculations is anticipated in the fourth
quarter of 2007. The next step will be to obtain a preliminary assessment of
the capital and operating costs that would be associated with the development
and mining of the resources.

    LaForce update
    --------------

    Drill hole LF-07-22 is actually in progress et results from hole LF-07-11
to LF-07-22 will be communicate as soon as available.

    Quality control
    ---------------

    Assay samples are taken from drill core sawed in half with one half sent
to a commercial laboratory and other half retained for future reference.

    Qualified person
    ----------------

    The Temiscamingue projects are being supervised by Laurent Hallé P.Geo,
the qualified person for these projects.

    About Fieldex:

    Fieldex is a mineral resource company actively exploring in Quebec for
nickel-copper-platinum group metal deposits located through out Northern
Quebec, representing over 600 km2. FNX Mining Company owns 6 500 000 shares of
Fieldex Exploration Inc.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00008738E




For further information:

For further information: Martin Dallaire, eng, President & CEO, (819)
762-0609, Fax: (819) 762-0097, mdallaire@fieldexexploration.com,
www.fieldexexploration.com

Organization Profile

Fieldex Exploration Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890