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: An excerpt from "The Big Score" - Voisey's Bay Hustle

An excerpt from "The Big Score" - Voisey's Bay Hustle

posted on Sep 12, 2007 06:58PM

I think it was Canseco who had mentioned a little while back that he had read "The Big Score" which he could not put down. I am now in the same boat. (except for posting this message :)

It is certainly a timely read I would like to share with the board a couple of excepts :

Speaking about Verbiski and Chislett (the two prospectors who were credited with finding Voisey's Bay),

"They knew nickel was derived from pentlandite, that usually formed in minute granules barely visible to the human eye, that mining companies made billions of dollars a year selling it for use in high-tech metal alloys, and that large concentrations of the mineral were so rare that minable nickel discoveries came along maybe once a generation."

With respect to core sample #2 - 33 meters

"As they bent down to examine the boxes of core, the prospectors went numb. They were looking at core almost identical to the Sudbury samples, laced with luminous grey nuggets of pentlandite. Surrounding the pentlandite were fat brassy crystals of chalcopyrite, copper ore. In mining jargon this was "massive sulphides," a rare form of rock made up almost exclusively of valuable sulphide minerals, a sight most prospectors could only dream of, a core rich in minerals that could justify a mine and deliver huge fortunes to its owners."

The actual results of Voisey's Bay 2nd core sample graded the following: 2.23 per cent nickel, 1.47 per cent copper and 0.123 per cent cobalt over 33 meters. "The day of the announcement, Diamond Fields' stock price nearly doubled to close at $8.00 a share on the VSE, up from $4.65 the day before.

There is also one other little excerpt: "Are you sure that you can see the pentlandite crystals? Yes Mike, they're as big as my fingernail." (everyone look at the core sample photos on Noront's site ?)

Note: I would tell you more about the story but I do not want to spoil the ending. Okay Voisey's Bay share price went to...

Good night Not-a-holics, tomorrow will be fun!

Milsy1

Share
New Message
Please login to post a reply