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: Good Stuff! cost of drilling, NR headline, direction of extension
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Sep 28, 2010 05:34PM
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Sep 28, 2010 05:40PM
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Sep 28, 2010 05:47PM
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Sep 28, 2010 05:48PM
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Sep 28, 2010 05:59PM

Hi, CrazyTrade-

Wow, this NR is really good news. I expect we will get more before the AGM. I am half amused and half annoyed that the headline that StockWatch placed on this NR:

"Noront drills 104.7 m of 0.81% Cu at McFaulds Lake"
Yep, Noront is sure known as a BIG copper play, EH?!?

Back in the days of RN and Jim Mungall, Jim kept asking for a straight-down vertical hole, but was repeatedly denied because of the cost: ~$220K. That was for a "shallow" 1000m hole (which was eventually drilled and became hole 049). If you look at the diagram referenced in the latest NR, you can see that a vertical hole has little chance of intersecting mineralization at depth. It doesn't go in a straight line. And these deep holes are much more expensive. So I expect more wedge holes, doing exactly what you want (showing that something is there) for a lot less $$$$$$ expended.

Lastly, it was nice to read that the trend of the new mineralization was to the southwest... good for Noront, not so good for FNC.

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