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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Drill results from yesterday

Drill results from yesterday

posted on Jan 22, 2009 05:48AM

I saw a post over on SH looking at the news from yesterday. It got me looking closer at what exactly was proven in the assays. When you look at it the results are really amazing and they do make you think about the possibilities of the open pit potentials here.

It will be interesting to see what Micon does when it gets results like this to digest.

The above drill holes continue to confirm the presence of a higher-grade nickel bearing mineralization within the northern portion of the Langmuir No.2 North Zone.

The following revised assay results for drill holes LN08-127 to LN08-130, inclusively at the Langmuir No.2 Mine - North Zone have been received, compiled and condensed to the following:

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Drill Hole        From (m)  To (m)   Core    True     Core    True  Weighted
                                   Length   Width   Length   Width   Average
                                       (m)     (m)     (ft)    (ft)    Ni(%)
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
LN08-127           139.92  237.25   97.33   78.74   319.32  258.33     0.390
       ---------------------------------------------------------------------
       or          162.57  235.30   72.73   58.84   238.62  193.04     0.431
       ---------------------------------------------------------------------
       and contains
       ---------------------------------------------------------------------
                   186.47  190.50    4.03    3.22    13.22   10.56     0.932
       ---------------------------------------------------------------------
                   198.50  208.30    9.80    7.93    32.15   26.02     0.504
       ---------------------------------------------------------------------
                   213.75  219.34    5.59    4.58    18.34   15.03     0.509
       ---------------------------------------------------------------------
                   223.76  227.00    3.24    2.65    10.63    8.69     0.702
       ---------------------------------------------------------------------
                   231.90  235.30    3.40    2.79    11.15    9.15     0.546
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
LN08-128           143.00  261.20  118.20   89.21   387.80  292.68     0.465
       ---------------------------------------------------------------------
       or
       ---------------------------------------------------------------------
                   168.00  252.95   84.95   64.11   278.71  210.33     0.545
       ---------------------------------------------------------------------
       and contains
       ---------------------------------------------------------------------
                   184.30  203.10   18.80   14.19    61.68   46.56     0.915
       ---------------------------------------------------------------------
                   184.30  185.82    1.52    1.15     4.99    3.77     1.188
       ---------------------------------------------------------------------
                   187.50  189.10    1.60    1.21     5.25    3.97     1.306
       ---------------------------------------------------------------------
                   193.20  203.10    9.90    7.47    32.48   24.51     1.112
       ---------------------------------------------------------------------
                   213.60  216.57    2.97    2.24     9.74    7.35     0.576
       ---------------------------------------------------------------------
                   234.60  252.95   18.35   14.06    60.20   46.13     0.700
       ---------------------------------------------------------------------
       or          244.20  252.95    8.75    6.70    28.71   21.98     0.926
       ---------------------------------------------------------------------
       and
       ---------------------------------------------------------------------
                   267.20  276.05    8.85    6.68    29.04   21.92     0.268
       ---------------------------------------------------------------------
       or          271.52  276.05    4.53    3.43    14.86   11.25     0.319
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
LN08-129           196.00  326.59  130.59   90.72   428.44  297.64     0.338
       ---------------------------------------------------------------------
       and contains
       ---------------------------------------------------------------------
                   219.50  225.30    5.80    4.03    19.03   13.22     0.352
       ---------------------------------------------------------------------
                   287.50  293.00    5.50    3.82    18.04   12.53     0.413
       ---------------------------------------------------------------------
                   301.42  317.69   16.27   11.30    53.38   37.07     0.629
       ---------------------------------------------------------------------
       with        304.50  314.91   10.41    7.23    34.15   23.72     0.818
       ---------------------------------------------------------------------
       or          306.15  310.49    4.34    3.01    14.24    9.88     1.062
       ---------------------------------------------------------------------
       or          306.75  308.30    1.55    1.08     5.09    3.54     1.399
       ---------------------------------------------------------------------
                   319.95  326.12    6.17    4.29    20.24   14.07     0.895
       ---------------------------------------------------------------------
       with        319.95  321.85    1.90    1.32     6.23    4.33     1.103
       ---------------------------------------------------------------------
       and
       ---------------------------------------------------------------------
                   329.47  334.70    5.23    3.63    17.16   11.91     0.469
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
----------------------------------------------------------------------------
LN08-130           226.00  332.04  106.04   66.73   347.90  218.93     0.324
       ---------------------------------------------------------------------
       and contains
       ---------------------------------------------------------------------
                   226.00  277.00   51.00   32.10   167.32  105.31     0.244
       ---------------------------------------------------------------------
                   277.00  290.00   13.00    8.18    42.65   26.84     0.700
       ---------------------------------------------------------------------
       with        285.23  287.12    1.89    1.19     6.20    3.90     1.568
       ---------------------------------------------------------------------
                   290.00  316.80   26.80   16.87    87.93   55.35     0.276
       ---------------------------------------------------------------------
                   316.80  321.78    4.98    3.13    16.34   10.27     0.759
       ---------------------------------------------------------------------
       with        319.35  321.78    2.43    1.53     7.97    5.02     1.116
       ---------------------------------------------------------------------
       and
       ---------------------------------------------------------------------
                   338.10  345.00    6.90    4.34    22.64   14.24     0.204
----------------------------------------------------------------------------
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