Agoracom: Small Cap Investment - Noront Resources - Around 10 or so new holes at Eagle #1 planned

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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bananaboy

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Around 10 or so new holes at Eagle #1 planned

posted on Aug 10, 2009 05:45PM

As a result of the mineralization encountered below the Eagle One deposit, the Company has reallocated funds within the existing budget and increased the budget for drilling on Eagle One. The Company plans to complete 12,000 to 14,000 metres of diamond drilling on the Eagle One deposit in order to delineate the new mineralization discovered below Eagle One.

They have to go at least 1000 metres in each hole, and certainly a couple well below that to check out the possibility of even deeper deposits (E1 D, E, F etc)

I doubt that the down-hole instruments can pick up deposits below a nearby mineral-rich lens; they can give an outline of fairly close deposits, I think I remember a range of 150 metres?

Since there is only one drill capable of this extreme depth, the others on site will be proving the other dimensions, in the meantime.

They state - Drilling lens three on the Eagle One deposit will require a larger drill on site and directional drilling tools. The Company is planning on bringing in the larger drill to drill the deeper section of mineralization during the winter 2010 drilling program.