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goin4gold - Tue, 28 Dec 04 :

The Cabra I & II claims occur over layered gabbroic intrusions in northwest
Sweden. Exploration work followed up on geochemical Ni-Cu drift and boulder
anomalies (up to 0.27% Ni and 0.2% Cu in mineralized boulders) and on layered
ultramafic units with reported outcrop values of up to 0.43 ppm PGE (Platinum
("Pt") + Palladium ("Pd")) in outcrop. 174 rock chip samples were collected
over the Cabra claims during this first phase of sampling. Anomalous levels of
PGE+Au, Ni, Cu (up to 806 ppb 2PGE+Au, 0.48% Cu and 0.18% Ni) were found in a
variety of altered and/or sulphide bearing mafic and ultramafic rock types.

Preliminary assessment of the geology and PGE+Au, Ni, Cu anomalies in the
Prantijarvi and Cabra claims indicates a layered mafic intrusion type PGE+Au-
Ni-Cu target, similar to the Gold Fields" Arctic Platinum project in Finland.
The Arctic Platinum Project, owned by Goldfields Limited has an indicated
resource of 168.3 million tons at a grade of 2.33 g/t 2PGE+Au, 0.09%Ni and 0.2%
Cu, while the Keivitsa deposit has an indicated resource of 150 Mt at 0.23g/t
Pt, 0.15g/t Pd, 0.09g/t Au, 0.18% Ni, 0.27% Cu and 1.23% S.

"if the resource turns out to be big, think about it and do the maths! Minmets future silver/platinum/oil producer. Already producing gold.


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