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: Pending Assay

Pending Assay

posted on Jan 23, 2008 04:04AM

These are important and I wanted to post the visual details on some of the drill cores we're awaiting assays on. It's been over a month so cross your fingers.

 *Note Hole 28 as this was stopped in mineralization and to be restarted in new season of drilling. Wonder just how deep this goes? I sure do. Hole 27 could be the sleeper and maybe high nickel?

 

Hole NOT-07-27 was drilled at local grid collar location 50+60E at 12+15N with an initial azimuth of 90 degrees and an initial dip of -45 degrees. After passing through 16.8 meters of overburden and limestone this hole entered granodiorite and remained in granodiorite until 112.5 meters, when it entered mineralized peridotite until 117 meters downhole. Massive sulphides were then encountered between 117 and 152 meters followed by semi-massive sulphides until 155 meters. Mineralized peridotite was then encountered for the next 10 meters until 162 meters, followed by 6 meters (until 168 meters) of weakly mineralized to barren peridotite. The hole then entered granodiorite and was terminated at 183 meters. This hole was drilled along the same E-W section as holes NOT-07-05, 06, 07, and 08 to delineate the mineralized zone in more detail.

Hole NOT-07-28 was drilled at local grid collar location 51+74E at 10+69N with an initial azimuth of 270 degrees, being the same location as hole NOT-07-26 that was earlier abandoned. The dip was reset at -51 degrees to go around casing and rod lost in hole 26. After 14.8 meters of overburden and limestone this hole entered granodiorite until 128.1 meters when olivine gabbro was encountered until 140.1 meters. Between 140.1 and 169 meters, peridotite was encountered, followed by mineralized peridotite to 175 meters. Net textured mineralized peridotite was then encountered and the hole remained in this rock unit until 202 meters, the hole has been suspended for season ending break. This hole will be completed in early 2008.

Hole NOT-07-29 was drilled at local grid collar location 51+16E at 11+66N with an initial azimuth of 090 degrees and an initial dip of -45 degrees. After 9.7 meters of overburden and limestone the hole entered granodiorite mixed with mafic dikes until 24 meters after which the hole entered mineralized peridotite until 26.1 meters when a narrow intersection of massive sulphide was encountered between 26.1 and 26.5 meters, this was followed by a thin felsic dike to 26.85 meters, then the hole encountered another section of variably mineralized peridotite until 35 meters. Net texture sulphide mineralization in peridotite was then intersected until 70.5 meters, followed by mineralized peridotite until 84.2 meters. The hole then entered granodiorite until it was terminated at 87 meters. The mineralized section in this hole was over 60.2 meters, between 24 meters and 84.2 meters.

 

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