Re: here we go. So Lamalee gives back the 43 million. What now?
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posted on
Jul 02, 2016 08:14AM
Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.
Yes, that could be true, the top could have anomalous grades of whatever mineral and 10 m down there is nothing. Geologically the reverse could also be present, so at best what one sees on or near surface is not very relevent re what is below. Glaciers have scrubbed this area for millions of years, only drill results can establish mineral grades at depth.