HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: BMK?

BMK?

posted on Sep 26, 2007 10:53AM

 

I see a lot of posts regarding BMK.  It should be noted that if they did stake claims south of Noront's property that is directly under the NOT claim that they optioned from Condor (the one with the drilling underway), then they look to be 2KM south of the action with those new claims.

From what I have seen so far, there is a 120M deep decline from surface to the earth's core that runs North to South from hole 5 towards the intersections of the mineralization bottom of the hole 1 and 2 drill holes.  This tells that that this decline could run a lot further towards the south, declining at the same angle but maintaining the 120M depth (assuming it is a parallel decline from the top of the depth to the bottom).  In reality it is likely more clumped.

My point is that Noront has claims right under their Condor options claims that run for 2KM north to south.  If this decline continues downward (say to 1000M), then it really does not matter if BMK is close to the edge as we will have the goods on our side of the claim should the North - South direction continue.

At this point all side plays are a gamble.  Roll the dice and some might pay off as they are all in a VMS area.  I recently bought Probe just in case the mineralization heads North and West.  These are two directions that have not been fully proven out yet.  If it does, then I can see a JV between Noront and Probe coming up.

All of the others will need to drill and hit.  SPQ has been drilling for years and has had some success, but not to the extent we are seeing with Noront.  That one will take time, as will all the others.

Just watch your side bets carefully.  Noront waited 4 years to get the claims they wanted (the ones optioned from Condor) and it is no coincedence that they have claims to the south, south west, and North East of their current high mineralization property.

M1.

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