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: Closing thoughts?

As a geologist, the last time I remember such interest and excitement was over Voisey's Bay. The discoveries to date at the Double Eagle property are, to my knowledge, are without precedent for the following reasons:

- the volumes, grades of sulphides far exceed the volume of ultramafics identified so far which would be required to produce the amounts of nickel and chromium found to date if one, and almost everybody does, accepts Tony Naldrett's interpretation of the formation of magmatic Ni/Cu deposits

-the presence of massive, metre-wide chromitite layers, typical of large, differentiated ultramafic/mafic intrusions are not normally associated with massive Ni/Cu sulphide mineralization

 The mineralization is magmatic in origin. Its final configuration/distribution/control to be determined. Unique, yes. World-class(?) To be determined. Stay tuned and keep the faith.

 

Respectfully submitted 

 

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