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Hole D-5W1 is a wedged offset from D-5 drilled by the Beaver Bay Joint Venture in 2001.
The Maturi target is part of a package of 5,339 acres of mineral rights recently acquired by Franconia from the Beaver Bay Joint Venture who acquired it from American Copper & Nickel Company, Inc.
FRANCONIA MINERALS CORPORATION (TSX VENTURE:FRA)(OFEX:FRA) and its joint venture partner, the Beaver Bay Joint Venture ("BBJV"), announce that BBJV, on behalf of the Birch Lake Project, has acquired from American Copper & Nickel Company, Inc.
Situated in Minnesota, this project is a partnership with Beaver Bay Joint Ventures and a full resource estimate is expected to be announced later this year.