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: Kid Creek Comparison - Don't poop your pants after reading...

What turns me onto Eagle 1 is that it is a magmatic intrusion. I understand that to mean magma came up from below. Therefore that being the source I have to assume that the resource not only continues with depth but is very likely more concentrated with depth, as some imply.

The company arranged for the larger drill because opinion is just that. They have to have physical proof that the resource continues with depth. The fact that the shorter drilled holes ended in ore is not proof that it continues deeper.

The bottom line for me is that it is not as important that the resource continues horizontally in one direction or the other But that it continues with depth.

In my opinion, depth should give us a larger resource than horizontal distance and that this resource should be of better grade. Grade not only means greater resource but more efficient (quantitativly ) operation. Efficiency means more dollars in my pocket instead of going into operational costs.

Lastly, it matters not if you have a fraction of the planet as your resource if the resource is so thin that it is not economical to process. An example is the huge amount of gold in sea water of the oceans. Who extracts gold from sea water? Why not?

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Aug 01, 2009 05:33AM
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