This is truly exciting.

Remember the SILL on the volcano sketch in the previous post?

Lastest Press release under Eagle Two
To date, 23 holes totaling 7,412.9 meters have now been completed at Eagle Two to assess the SHS occurrence discovered by Noront earlier this year (see press release dated February 25, 2008). Two additional holes are underway (Holes NOT-08-1G40 and NOT-08-1G41). The eight holes with assays reported herein and those completed since the last press release on April 2, 2008 have continued to extend the mineralization containing visible copper-nickel sulphides and chromitite to vertical depths of 350 meters and 400 meters respectively. Both zones (sulphides plus chromitite) occupy positions conformable with and near the stratigraphic bottom of a wide Peridotite Sill (that defines part of the Ring of Fire) which in turn unconformably overlies a Granodiorite older basement rock. Assays are pending for the more recent holes.

Terms:

Conformable: Geology Of, relating to, or being strata that are parallel to each other without interruption.
unconformable: adjective Geology (of rock strata in contact) marking a discontinuity in the geological record, and typically not having the same direction of stratification.