Stay focused on the larger picture here. NOT was attracted to McFaulds because of the previous drill results that UC/Spider/KWG had reported. This is a large system. I feel like people are betting the farm on the next assay results alone, but this is a large system with much more potential then just the next set of assays.
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The following is from Noront's news release just days before their big hit (Aug 16). Here they let us know where the drill will be coming from -
A drill contract has been signed with Cabo Drilling Canada Ltd. of Kirkland Lake, Ontario, who have a drill in the immediate area. (Drill currently being used on the Spider/KWG/UC Resources Ltd. program, testing McFaulds #1 and #3 volcanic hosted massive sulphide occurrences).
and this...
The Double Eagle project consists of 34 claims comprising 533 units encompassing an area of 8,528 hectares (21,320 acres) in the James Bay Lowlands in northeastern Ontario adjacent to Spider Resources / KWG joint venture where two significant volcanogenic base metal massive sulphide occurrences have been discovered.
And then, right after the big NOT news or a discovery came this drill results news from UC -
September 5, 2007
Some of the key highlights of the latest discoveries from UC's exploration program at McFauld's Lake include:
1) A total of 2,354 meters has been drilled in 7 holes, and assay results have been received for the first 4 holes.
2) Drill Hole McF-07-75: (19.02 Meters) 2.69% Cu, 4.35% Zn, 0.35 g/t Au, 6.63% Ag
3) Drill Hole McF-07-75: (7.5 Meters) 1.8% Cu, 3.3% Zn, 0.22 g/t Au, 7.47 g/t Ag
4) Drill Hole McF-04-57 (as earlier reported) intersected 8% Cu over 18 meters.
5) To date, 10 isolated VMS occurrences have been identified and drill tested on the project, two of which have undergone detailed drilling.
6) The company is confident with the project. UC is continuing to explore this new VMS camp by initially concentrating its efforts on the McFaulds #3 and #1 occurrences, and will be looking at completing additional drilling on the other occurrences as the program progresses, through year two, three and four of the agreement.
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Yes, I am as expectant as everyone here but the larger picture is important, especially as we discuss tonnage. To have a mine built based on two anomalies would be FANTASTIC... but there are many more potential 'doozies' to come.
BK