Re: BMK/Mike
posted on
Apr 12, 2008 11:03AM
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)
Not necessary Don. I had already posted this earlier about BMK/WSR JV. My question to you was about tying in HSS's rumour about the hit being within a k or 2 of BMK's camp. You said BMK had two camps - one north and one south. We have all seen Heliums excellent maps which show the southern camp but where is the northern camp to which you refer. Thanks
Below is a piece of the relevant WSR news release in which they indicate they are currently drilling.
TORONTO, ONTARIO--(Marketwire - March 31, 2008) - WSR Gold Inc. ("WSR") (TSX VENTURE:WSR) is pleased to announce that a 2,500 meter drill program has commenced on its recently acquired James Bay nickel and copper properties. Through three separate agreements WSR will operate the exploration of 17 Claim Blocks on the northeast corner of the "Ring of Fire" on behalf of its partners, Noront Resources Ltd. (TSX VENTURE:NOT), Metalex Ventures Ltd. (TSX VENTURE:MTX) and MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK). The agreements allow WSR an option to earn a 50% beneficial interest in both the NOT and MTX claims (as per our recent press releases) and WSR has an option to earn a 75% interest in the BMK claims (collectively the "Properties").
Since mobilization on February 25, 2008 WSR has:
1. Mobilized and completed construction of a 20 person exploration camp
with all the required equipment;
2. Mobilized an extensive exploration team;
3. Reviewed flight data and prioritized exploration targets;
4. Cut ground geophysics lines over the targets and a ground geophysics
program is underway;
5. Delineated a drill program; and
6. Mobilized a drill to the Properties.
A 2,500 meter drill program is now underway on the prioritized exploration
targets.
WSR's total land position in the Ring of Fire, James Bay, Ontario is:
Under option to acquire 50% interest: 25,900 hectares
Under option to acquire 75% interest: 11,200 hectares
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Total 37,100 hectares
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