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)

Free
Message: FNC release/

I am a bit surprised that the latest FNC release hasn't sparked further discussion here, or maybe it is an indication of the total inconsequence of more chrome.

Another aside is how the supposed convergence zone has dropped out of the picture so easily.

A bit of analysis of this release, comparing it to what info we have from photo drawings 43 & 47 seems to center it in the bulge described below the blackstone showing. Although the drawing (47) is a cross section from sw of Blackbirds looking northeast, it does put this hit of FNC a lot closer to Eagle1 than anything previous. This could suggest that this convergence zone we have talked about in the past as being in the 2000-2500m depth, could actually be a lot closer to surface.

On the surface, Eagle1 and FNC-C1 are perhaps 500m apart. Consider a shaft driven down to 1500m about 200m SE of Eagle1 for the purpose of mining the nickel, but just as it hits the 1500m point it runs into 43% chrome in a 200m thick orebody, that merely needs to be brought to surface, and then direct shipped to China, under a 500m ton 20 year contract. CLF can have their smelter and control the north american market. We'll take the gravy.

And if that convergence zone is there, what else will we find down there?

Best regards

K

Share
New Message
Please login to post a reply