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: Hole value comparison

Thanks for doing that, Seawind, as I had done something similar, when the final hole 18 assays were released (after making some corrections, with the help of Bullyboy), I know the amount of work you put into this and it is much appreciated by all of us here.

I decided not to post my chart, due to the fact that these are only the drill core assays and may or may not represent the true value of the deposit. My calculations up to hole # 18, are similar (but not exact) to yours, as metal values have changed since I did it.

It could be substantially more or somewhat less, dependant on the rhodium and other PGMs that are still being assayed. And it also has the possibility, of course, of being slightly less, dependant on the final geologist report necessary for the 43-101.

I do not profess to know any of the details of this, as I'm not a geologist and have no mining experience. My opinions are strictly from my own DD from a number of good postings here and articles related to them.

Personally, IMO, I believe that the value will be proven to be greater, when all the assays are returned and analyzed. And your chart, Seawind, goes a long way to stating that fact. Thanks again !

strato

 

 

 

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