Re: 43-101 Expectations
in response to
by
posted on
Apr 04, 2011 07:24PM
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.
Interesting mine/s indeed, So much production and history. Select clips from the Micon Report. Wildcatter I can't even guess what an updated resource report would look like.
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"In the 1970-73 period, a 446 m deep shaft and a flotation mill were constructed on the property. Production from the Langmuir #2 deposit in the period 1973-78 amounted to 1,133,750 tonnes grading 1.45% Ni. In 1976, a decision was made to develop the Langmuir No.1 deposit as a supplementary ore source to the Langmuir No.2 mine. The Langmuir No.1 deposit was accessed by a 1250-foot long 12 foot by 15-foot ramp, which stopped 400 feet short of the deposit. Noranda ceased underground development in 1977 due to “deteriorating economic conditions at the Langmuir No. 2 deposit”.
Timmins Nickel Inc. developed the Langmuir No. 1 Mine, with assistance from Ontario Mineral Incentive Program (OMIP) grants in 1990 (OMIP Grant OM90-118) and 1991 (OMIP Grant OM91-098). Under OMIP Grant OM90-118, Timmins Nickel completed the dewatering of Noranda’s 1,250- foot (381m) long ramp, extended the 12 foot by 15 foot ramp for 400 feet (121.92 m) to the 315 foot mine level, completed 4,652 feet (1,417.93 m) of underground diamond drilling, and metallurgical and ore compatibility studies." **********************************************************************************************
1.11 ADJACENT PROPERTIES
"As discussed above, Inspiration Mining’s Langmuir North and Langmuir No. 1 deposits are located along the south eastern portion of a geological structure known as the Shaw Dome. The package of rocks that contain Inspiration’s two nickel deposits have long been known to be favourable hosts for nickel mineralization, and production of nickel in this area has taken place from the Langmuir No. 1 and the Langmuir No. 2 mine (both contained either within or immediately adjacent to Inspiration’s mineral claims and the Liberty Minerals Inc.’s (Liberty) Redstone and McWatters mines located to the west of Inspiration’s land holdings. In addition to these properties that have hosted nickel production in the past, new nickel discoveries have been found beginning in 2007 by Golden Chalice Resources Inc’s (Golden Chalice) to the south of Inspiration’s land holdings."
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"Mineral resources for the Langmuir North nickel deposit:
The mineral resources are estimated at 8,324,000 tonnes grading 0.40% Ni. Micon believes that sufficient information is available to classify the mineral resources in the Indicated Resources category.
Mineral resources for the Langmuir No. 1 nickel deposit:
The mineral resources are estimated at 1,733,000 tonnes grading 0.51% Ni. Micon believes that sufficient information is available to classify the mineral resources in the Indicated Resources category."\ **********************************************************************************************