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)

Free
Message: Plans for nearby anomalies - worth re-reading

Plans for nearby anomalies - worth re-reading

posted on Jan 03, 2008 03:58AM

I though the following snippet from the report was particularly interesting as to the "immediate" exploration plans outside the already discovered Eagle One ore body.

"Several airborne anomalies, with geophysical attributes similar to the Eagle One occurrence have been identified in the preliminary presentation of the Aeroquest airborne data. The project will focus on these anomalies immediately. These anomalies are located to the south and west of the Eagle One occurrence as well as to the northwest, all within 5 kilometers of Eagle One. Each of these anomalies will be detailed by ground geophysics prior to drill testing." (Emphasis not in the original.)

These are, to date, the closest magnetic anomalies with signatures similar to Eagle One.  The closer a similar anomaly is to a delineated resource, the more likely it is to contain similar metal grades (as opposed to magnetic anomalies that are much further away, like the high chromium deposits found by SPQ, UC, et al.).  And Mr. Nemis and crew are not dilly-dallying about going after these nearby similar anomalies, but are going to focus on them IMMEDIATELY with some ground geophysics and then putting the drills in to test them.  My guess is that the 2 drills said to be arriving in mid-January are going to be used to test these new nearby anomalies.  While the grades being proven up at Eagle One are fantastic (terrific results for Hole 18 today!), punching a long hole through another seperate ore body with good grades of nickel would have a huge positive impact on our stock price - IMHO.

Share
New Message
Please login to post a reply