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)

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Message: Re: UC completes earn in - how it relates to Noront
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Nov 05, 2008 06:29AM
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Nov 06, 2008 08:40AM
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Nov 06, 2008 08:47AM
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Nov 06, 2008 09:45AM

I tend to get the feeling that this type of gold deposit is nothing at all like Windfall and it's thin quartz veining but more homogenous layer/thickness which is gold bearing. If this feeling is correct then the deposits could be both easier to mine and tonnage considerable. At grade assayed sure looks like evaluating by more drilling.

Key here again is still that a huge deposit is necessary to support the cost of getting infrastructure into the ROF. Once the infrastructure is in place ALL deposits get boost in value AND many become potentially economic.

So far the type of deposits likely to support infrastucture costs remain Nickel and Chromite getting closer.

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Nov 07, 2008 12:16PM
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Nov 07, 2008 12:34PM
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Nov 07, 2008 08:52PM
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