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: 50 million or 800 million tons

50 million or 800 million tons

posted on Feb 25, 2008 10:26AM

This morning 11jimmymac posted a piece about the Raglan and Thompson nickel regions, with some very interesting info, especially the quote below. Nemis has said that he thinks what is being found at the Double Eagle project is best compared to the mineralization found at Raglan (as opposed to Voisey's Bay). I think we may be sitting on a monstrously rich deposit that may prove even bigger than Raglan or Thompson. Here's the quote below (think what this would do to the stock price).

many have drawn comparisons between the newer Raglan Nickel Belt and the older, renowned Thompson Nickel Belt to the southwest in northeastern Manitoba. The lengths and widths of area covered by the two belts are very similar. The mineralization is very similar. But Inco and Falconbridge have explored the Thompson for far longer. The ore bodies at Thompson are down to the 7000-foot level while the orebodies at Raglan have generally been drilled to only the 1000-foot level and are open at depth. The extensive exploration at Thompson has identified some 32 mineralized orebodies totaling approximately 800 million tons of mineralization while at the relatively younger Raglan there are 6 known deposits and some 20 small bodies totaling approximately 40-50 million tons of mineralization. A comparison of the Raglan to Thompson clearly indicates that only a fraction of the Ni-Cu-PGM-Co sulphide deposits and tonnage known at Thompson has been discovered to date at Raglan.

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