I think you should re read the news release again John....
Stockwatch emphasieded...cu... missleading headline... They do this frequently.
From NR:
The positive results from the soil program support the potential for nickel- and copper-bearing sulphide mineralization on the McFauld's West project, and the property will be a focus for exploration in 2008.
Significant nickel-copper-silver-cobalt anomalies
Within a 200 m section of the profile, samples displayed highly anomalous values for nickel, copper, silver and cobalt with response ratios of up to 9.1, 36, 18 and 14.5 times background, respectively, while gold consistently showed values of four times background. The results suggest the potential of a buried, sulphide-bearing, mafic-ultramafic intrusive. In addition, results show a strong correlation between nickel and cobalt, while copper, silver and gold also parallel one another. This internal consistency to these data is encouraging as it indicates these elements, typically found in sulphide mineralized mafic-ultramafic intrusives, are travelling together and most likely derived from a unique source.
Also note that this was MMI.... mobile ion, which travel straight up from their source. Also worthy of mention is that the high concentrations are consstant with the mag anomolies.
The reference to Mafic- ultramfic intrusions is also specified above.. This is in fact what every shareholder of NOT should be hoping for as it indicate the strong likelyhood of another similare body to the NOT lens or a continuation of this lens..... all as a means to achieving critical mass of tonnage to attract the majors.
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from NR:
The samples were analyzed using the mobile metal ion (MMI) technique, which has been shown to accurately locate buried mineral targets in boreal climates. Owing to the nature of the analytical technique, the metal concentrations are calculated as response ratios (times concentration above background), with response ratios of two or more considered anomalous, and response ratios above five considered significantly anomalous. Within the McFauld's data set a number of samples contain significantly anomalous ratios for nickel, copper, cobalt and silver and warrant immediate follow-up.
The company is now planning a ground geophysical program focused on the area containing the coincident geochemical and magnetic anomaly, as well as other geophysical anomalies identified from airborne geophysical surveys. This program will be followed by a diamond drilling program to test the anomalies.