What I Like
posted on
Jul 07, 2009 03:14AM
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)
What I like is that the Eagle 1 is back in FULL Flight.
Given that the Noront Resources of November - December 2007 knew full well that the Geology in the Eagle 1 area was Very Complex (remember back then) but they did know that there was a major Regional Fault immediately to the South (South South East) and that the Intrusive Rock Zone to the North (North North West) was Over Turned. The effort back then was to track the Deposit with relatively Easy drilling but once hitting the Shear Zone to the South South West suggested that the Deposit was lost in the interface between the Intrusive Rock to the North North West and the Country Rock to the South South East. But the Game seemed to then change to hoping to pick up the Conduit to the South West (Eagle 2) AND doing Reconinence on the FNC Prospects (likely due to speculation the Conduit, being a channel through solid rock, could have possibly produced pockets or pools on the other side of the Shear Zone in the pre-existing Country Rock) with the Shallow Drilling along the Westerly Border with FNC. Something went amiss in spite of the Confident suggestion, by you know who, that the Mineralization was All over the place below the then known Eagle 1 Drilled Area. Promotion based on optimism (aka: Pumping). It worked and the $4.00 PP was Filled in a Heart Beat!!!!!!!!!!!! But then "Smokey and the $$$ Boys" realized their GREED got to them. And they initally thought it was their Superiour Position in (all things) Life. PLEASE NOTE: We NOT STILL Suffer that Condition? Anyway, to move on. Where was I going? (thinking ? ? ?) ..... Oh, I know!!! The Chromite looked "Oh So Good". AND it was/is. But now the problem. The Ill Conceived Proxy Thing! And Subsequent Back Sta__ing? And revenge (always comes back to those Burned and Blowing the Smoke) PPing, which would have otherwise only be needed about now, all things being properly equal. But where does properness come into play when Greed is the Smokey Mantra of the Bandit. Well, to get back to making a point here. A deal needed to be made with the most realistic adjacent Property Holded. But probing into those efforts resulted in an Embarasment to the sought after partner in the real deal. Thankfully we have that one finally worked out to the satisfaction of both parties.
Now, after much (too much if I was ever asked) withholding of too much very MATERIAL Information, we learn of Drill Hole 49. But only in the Most General of Generalities.
Otherwise, Wes, Give us the percise Collar Location(s) and Drill Set-up Orientation.
Seeing as we expect the Assay Results in the next two to three weeks, How about including the Drill Collar Location(s) and Drill Set-up Orientation(s) with the Assay Results? If anywhere even close to what these Assay Results could be you can Charge 'BIG BUCKS' to all those you want to see attend the August Rubber Chicken Event. Though then there would need NOT be a new PP for 18 months or more. But that is just OK with me!
Old Joe
PS: Very pleased here to have Geologically renewed, potentially extremely exciting, thought provoking interest with respect to the Original EAGLE. The Big 1