Late in 2007, FNX initiated a surface drill program to test the extent of the Nickel Ramp Deposit, a nickel contact deposit located below the Whistle Pit at Podolsky Property. This drill program continued into 2008 and consisted of an additional 21 holes totaling 23,517 ft. No further drilling at Nickel Ramp is scheduled for 2009; however, a geological compilation and resource estimate will be completed incorporating data from the 2008 holes.

A second surface drill program began in early spring of 2008 to identify the potential for footwall/offset style mineralization to the east of the Whistle Pit. This second program consisted of 23,366 ft in seven holes and was completed in the late fall.

Figure 7: Plan of new Sudbury Breccia Trend at Podolsky

This program was designed to better understand a SubX unit trending parallel to the SIC contact east of the Whistle Pit. The drilling encountered an unanticipated footwall section of the Metabreccia and Quartz Diorite, the same rock types which host the 2000 and North deposits. This intersection opened up a whole new prospective geological environment along a 5,000-ft section of the SIC and follow-up drilling will be completed on this target in 2009 as well as testing for a similar environment west of the Whistle Pit (see Figure 7).