FDG Mining Inc. is a publicly traded Canadian junior mining company engaged in mineral exploration, acquisition and development of mineral properties in Nicaragua.
Core Asset: Our Flagship Project is the 9300 hectare Topacio Mine property which has seen limited historical gold production (about 40,000 oz from 1900-to-1912) from several high-grade gold vein systems.
The current NI 43-101 compliant inferred resource on the Topacio vein (updated February 2011) is 680,000 tonnes averaging 5.2 grams gold and 34 g/t silver (114,000 oz Au and 743,000 oz contained Ag).
Opportunity: The ten known gold vein systems on the core 200 hectare portion of the property were never fully exploited or explored. Previous work by CPRM Brazil (1984) and Triton Mining (1994-1997) culminated in two Non-NI-43-101 compliant resource estimates and a pre-feasibility study:
> CPRM Brazil's non-43-101 compliant resource consisted of an indicated portion containing 668,764 tonnes averaging 4.96 g/t gold and 8.33 g/t silver and an inferred portion containing 7.7 million tonnes averaging 5.28 g/t gold and 15.63 g/t silver.
> Triton's non-43-101 Compliant open pittable indicated resource consisted of 1 million tonnes averaging 3 g/t gold plus an additional underground resource of 680,000 tonnes averaging 8 g/t gold.
The project was never advanced after the last drill program in 1996 due to a poor gold market and has seen no modern exploration since then.
Significant Potential: The Topacio vein remains open for expansion along strike as well as to depth. Regional sampling and prospecting by FDG personnel led to the conclusion that the low sulphidation epithermal system responsible for gold/silver mineralization at the heart of the Topacio project is significantly larger than previously believed (link to Regional Exploration Map).
Our Strategy: Over the next year FDG Mining will work towards confirming and expanding historical resource estimates, as well as exploring for and testing additional high-grade epithermal veins and bulk minable gold targets.