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)

Free
Message: Perspective-its the 1 st anomoly-keep in mind..just scratching the surface

Re: Perspective-its the 1 st anomoly-keep in mind..just scratching the surface

posted on Jul 04, 2008 08:52AM

The tonnage figure released should not be too surprising to anyone. Before buying in I looked closely and based on what I saw in the drill plan and report of assays, it was apparent that E1 was small and high-grade, just kept it to myself, no sense in becoming a target.

That said, I agree and stress to everyone that E1 is just a small piece of this discovery. If the ROF is an analogue to the Merensky Reef in the Bushveld Igneous Complex, then this is great news that the first discovery has such great grades with chromite nearby. With the apparent mineral suite and hints of the internal structure of a layered mafic intrusion (LMI) revealed in drilling to date, this is just the first chapter of an unfolding story IMO. Remember the ROF area is OLD and complicated by 100's of millions of years of tectonic deformation and dissection, not an easy picture to unravel. I'm here to see what the drill bit reveals; that will take time. Either the ROF is a LMI or it is not. At this point IMO, if it walks like a duck…

As far as the Windfall project goes, the report of visible gold goes a long way in explaining why bulk sampling is necessary IMO. One can compare surface drilling in this type of coarse gold deposit to probing a big chocolate-chip cookie with a thin needle, what are the odds of hitting a chocolate-chip blindfolded with each probe of the needle? When one does hit a chocolate-chip, it is pure chocolate; the odds are against hitting a chocolate-chip with each probe of the needle. However if one crushes the whole cookie, the overall chocolate content can be determined with a far greater degree of confidence.

The same problem is encountered when trying to assay coarse gold samples. When the sample rock is pulverized, coarse gold particles either just roll up into cigar shaped particles or are flattened out, the do not become pulverized and disseminated throughout the assay pulp like the brittle rock. So, when selecting a portion of the pulverized sample for assay, what are the chances of a piece of course gold reporting in the assay? It is very small and the gold content can end up being over-reported or under-reported. This is why samples that are known to contain coarse gold need special handling.

In the end, tonnage is king IMO. In the end all of this back and forth (wild claims and personal attacks) will amount to hot air that has cooled to absolute zero. Analysis that is carried out calmly and impartially usually leads one to good conclusions. However, I am learning that in this TSX Venture marketplace reason does not always lead to a good outcomes in the short-term, it is playing until the end game that makes sense to me, so I am long.

Haven't bet the farm on NOT and have been buying more on dips with cash. NOT is still highly speculative. However, nothing reported by NOT so far indicates to me that these deposits are a bust, to the contrary!




Share
New Message
Please login to post a reply