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: Logic 101 on a Monday Evening

Re: Logic 101 on a Monday Evening

posted on Oct 08, 2007 07:28PM

 

MJ, are you suggesting that if we do not see any additional assays this week, then run for the hills. I just want to qualify what you meant by your statement that " this week is really, really important."

If you are suggesting that we should see results beyond hole #7 this week, I am not so sure.

Below is a timeline of N/R's and the status of drilling/assay reporting:

August 16: Drilling to commence within 2 weeks

August 29: Hole 1 & 2 (results released, assays pending)

September 10: Hole 1 partial assays, Hole 3 & 4 done, hole 5 results(assay pending).

September 19: Hole 1 partial assays, Hole 2 results, hole 5 results and hole 6 underway.

September 25: Hole 1 & 2 final assays, hole 5 results, hole 6 done, hole 7 underway.

September 27: Hole 5 final assays, hole 7 results, hole 8 undrerway.

If these historical timelines lend any insight into the future, we should not expect to see any additional assays for hole 7 and maybe hole 8 until approx. October 12 (using hole 5 for reference)

I am hopeful that early this week we will hear that the second drill has arrived at DE. As per the N/R on September 27, the second drill should have arrived within one week.

On another note, does anybody have any thoughts about the likelihood that the location of hole 5 was reported in error in previous N/R's. If so, what are the implications of the new location vs. the previous?

Still long!

 

Milsy1

Note: Where is Misfit1?

 

 

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