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: Will not forget about Windfall

Will not forget about Windfall

posted on May 31, 2009 05:25AM

I have some nagging questions with respect to Windfall

It seems Windfall may be a dirty word....maybe I'm just having trouble finding some of the latest news....or maybe those news releases have just vanished. Regardless, the best and most recent source of information seems to come from the Murger website. Here are some things listed there....

Noront completed a 1,119 meter ramp in 2008, including 32.5 meters of drifting in the F-11 Gold Zone and 102 meters of drifting in the F-17 Gold Zone. Muck samples at the F-11 Gold Zone have averaged 3.95 g/t gold whereas muck samples over a 20 meter length of the F-17 Gold Zone averaged 2.34 g/t gold. Due to the free gold nature of the mineralization, a bulk sample will be necessary to determine the true grades of the F-11 and F-17 Gold Zones.

The exploration ramp is currently under care and maintenance pending assay results and interpretation.

Murgor is planning an extensive exploration program at Windfall in 2009 aimed at exploring, among other targets, the NE extension of the structure where Noront reported an intersection of 1,327.9 g/t Gold over 4.80 meters in late 2006. Murgor is planning a program of mechanical trenching, sampling and drilling (see map of targets).

OK....so here are the nagging questions..

1) When they were digging out the ramp, what did they do with the dirt they removed....it would seem some of this contains gold...I'm certain visible gold in some areas.....would this material be used in the bulk sampleing....wouldn't they get some $$ from this dirt....if not at these gold prices, then what gold price makes this economical?

2) "Pending assay results and interpretation".....maybe I missed this....can anybody here comment on what the drill results were? I believe we may have received some interpretation...something to the effect that this was a big waste of money.....is my interpretation correct?

3) We know there is some gold there. Comparing grades with other current operating mines suggest the grades are not so bad. Is the problem extracting the gold or is it that the grades are too low. At what price does this grade of gold become economical?

4) Why such secrecy? It seems like Windfall is a dirty word....very vague statements.....no real discussion.....makes me suspicious....and the whole conncection of the current board to other gold plays.....anyone else feel like we're not getting the whole scoop here?

I bring this up for several reasons.....

First, NOT achieved a share price of over $1.00/share on just Windfall alone...that was before MacFaulds

Next....gold price is fast approaching $1,000/oz again....many predicting much higher gold prices coming....some as high as $5,000/oz....with what's happening to the bond market (long bonds in particular), quantitative easing, the crashing of the $US, those predictions don't seem so far fetched anymore

And lastly, NOT is spending so much $$ on MacFaulds and nil on Windfall and from the share price of NOT and other MacFaulds area plays, the market seems to be saying....who cares about Chrome....show us some gold

Why are we not giving the market what it wants....at the very least, lets start up some discussions about the future prospects of Windfall

Share
New Message
Please login to post a reply