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: what if?

what if?

posted on Dec 07, 2007 09:38AM

hello friends,
 
    it has been very quiet and i am soon going off grid for a while and wanted to wish all a happy christmas season and pass on a few thoughts.


    due to the high grade intercept, especially hole #5 at double eagle, we have read early comparisons of potentially having a mine like the voisey's bay discovery.  yes we all know that currently double eagle only has, if reports on this site are correct, about 7 million tons SO FAR as a rough and dirty calculation of the ore body.  this is certainly impressive for how early in the game we are.

  numerous folks have made comparison to voisey's bay from an economic point of view IF tonnage proves up. fortunately noront has a large amount of land to drill which might move us into, or beyond,  the voisey's bay category. 

 others have compared the geology of double eagle and the ring of fire to voisey's bay.

   the grades at double eagle are spectacular and truly world class.  the voisey's bay deposit cluster is believed by some to be VOLCANIC in origin.

    also we have had some nice input regarding the possibility that double eagle is similiar to sudbury.  the sudbury deposit from a geologic point of view is believed to have been caused by a METEOR.

   these two types of deposit formations have led some to see two different possibilities for the geology of double eagle and the ring of fire. 

   in thinking about it for a while i wondered if MAYBE A THIRD POSSIBILITY EXISTED??, albeit farfetched, yet still possible.  what if a  METEOR landed on a VMS (VOLCANIC MASSIVE SULPHIDE DEPOSIT).  thinking outside the box can give us a different way to view the current and future drill hits and misses.  a more SCRAMBLED but MUCH MUCH RICHER geologic find may be what we have in the ring of fire.  this might explain some of the earlier drill results at different ring of fire area plays.  who knows, stranger things have happened. use your imagination as to where the share price of noront and the other area plays will go to if this is what occured.

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fyi, here is some info from the old inco website 2005 year end analysis related to the size of voisey's bay deposit.

Q. How much mineral resource is contained in the Voisey's Bay deposit?
A. As of year-end 2005, the Ovoid deposit contains estimated proven and probable resources of 32 million tonnes. In addition to the proven and probable reserves in the Ovoid, there are an additional 40 million tonnes of indicated resource and 6 million tonnes of inferred resource available as part of the Voisey's Bay project. [Cautionary Note to U.S. Investors]

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more info from a government of newfoundland and labrador website.  not sure the date:


The Voisey’s Bay Deposit

Geological Setting

The Voisey’s Bay deposit is a nickel-copper-cobalt deposit located approximately 35 kilometres southwest of Nain in northern Labrador. It was formed about 1.3 billion years ago and is contained within igneous rocks typical of those that host major nickel deposits elsewhere in the world.

The Deposit

The Voisey’s Bay deposit consists of a series of individual nickel-copper-cobalt deposits that are known as the Reid Brook, Discovery Hill, Ovoid and Eastern Deeps. The Ovoid is close to the surface beneath 2.5 to 30 metres of overburden. The other deposits are deeper and plunge to the east-southeast at about 20 degrees. Their depth varies between 100 and 1,000 metres below surface .

The only deposit that has had sufficient exploration work done to be regarded as a proven resource is the Ovoid. This is a bowl-shaped deposit that measures 950 by 500 metres across, and is over 100 metres deep at the centre. It contains proven reserves of 31.7 million tonnes of ore, 2.83 per cent of which is nickel, 1.68 per cent copper and 0.12 per cent cobalt. It is the only deposit that can be developed by surface open-pit mining techniques.

The other deposits contain a total of 118 million tonnes of indicated and inferred resources, however, further exploration work (including underground work) will be required to determine how much of these resources can be mined. Most will have to be developed using underground mining techniques.

All mineralization consists of nickel sulphide (pentlandite), which also contains the cobalt, copper-iron sulphide (chalcopyrite) and iron sulphide (pyrrhotite). The style of mineralization varies from massive (i.e. over 90 per cent sulphide minerals) to disseminated (i.e. the sulphides are mixed with other minerals).

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regarding voisey's bay tonnage. as investors/speculators in double eagle we of course hope to eventually equal or surpass the tonnage at voisey's bay.  double eagle so far has the better ore grade.  only drilling will tell us if we have the tonnage.

in a nutshell, all i want for christmas is a volcanic massive deposit that was hit by a meteor!!  2 for the price of one.  we can dream and sometimes dreams come true.  the drills and a lot of patience will tell us what we have. 

  i am not a geologist so maybe some of our much appreciated geo experts can give us some insights if this is possible.


all the best.

regards,

jsq


be right and sit tight.

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