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: Today's hole values.

HOLE INTm Ni% Cu% Ptg Pdg Aug $/T $ValuexM

Eagle:
NOT-10-079-W1 88.3 1.35 0.61 0.88 3.12 0.21 296.20 26154
NOT-10-083 87.4 1.93 0.82 1.80 3.17 0.12 421.15 36808
NOT-10-084 89.2 1.75 0.87 0.80 3.29 0.20 389.17 34714
NOT-10-087A 89.3 2.49 0.99 0.85 3.97 0.20 537.66 48013

AT12:
NOT-10-2G41 1.3 4.85 1.04 0.56 3.75 0.15 1082.28 1407
and 146.5 0.24 0.04 0.08 0.21 0.01 61.71 9040
NOT-10-2G43 29.1 0.28 0.09 0.15 0.44 0.04 74.61 2171

$/T is dollars per ton value. Average for Eagle is approx.$650.
Approx. operating cost ( processing plus over head) per ton is expected $120.
Note, AT12's 41 while having a very rich vein the large intercept range as a whole is not
economical. Though it shows possibilities.

Gold adds no value because it would cost more to extract it than value gained from it, imho.

$ValuexM is $/T multiplied by the intercept lenght in meters. That shows relative hole value to the others.

I am very pleased with these Eagle results, as all of Eagle, but AT12 this far is a case only for hope.

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