Re: Hoov---Windfall
in response to
by
posted on
Oct 29, 2008 01:22PM
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)
I agree with what you posted 100%
A typical example of the same type of deposit is SGR... Vein type systems that have had multiple events which tristed and confused any structural continuety. In SGR's case they have been drilling, and drifting and doing resource estimates for several years... This resource is just now coming into critical mass... the 3 to 5 million oz deposit.
Windfall is very similar to the rice lake deposit, and it will take hundreds more holes to define a minable resource...
Windfall is not by any means a write off... it simply is an excellent project with will take time, dedication, and a lot of drilling to understand.
Question is one of focus.... My vote is to spin off several projects into seperate companies or Joint venture them out.