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: Re: NEWS - Noront Receives Analytical Results Eagle One Deposit - 6.88% nickel,
Hole 28:
......meters, then a mafic dike until 26 meters. Massive sulphides were then intersected 
between 26 meters and 36.6 meters followed by peridotite until 
48.3 meters then mineralized peridotite until   .....

 26.0   36.6  10.6   5.05   6.88     2.53 14.07  0.39    15.1

 ----------------------------------------------------------------------------

  36.6   64.5  27.9   0.36   0.63     2.08  2.18  0.07     0.9

Hole 34

....followed by massive sulphides between 217 and 218.5 meters,

then net textured peridotite from218.5 to 223.2 meters.

The latter part of the.....

y  217.0  218.5   1.5   5.11   6.73     0.05 14.00  0.41    12.9

Below are descriptions of some of the DE2 and AT 3 holes from previous news:

..of massive sulphide mineralization with visible copper-nickel minerals from the Precambrian rock surface (starting at 10 meters below surface) to 190 meters below surface where the approximately up to 21 meters thick, 75 meters long oval-shaped mineralized zone is within 30 meters of the favourable underlying granodiorite intrusive contact....

...The seven holes have encountered semi-massive to massive sulphide bands of mineralization with visible amounts of pyrrhotite, pyrite, copper and nickel sulphides in a fault, breccia environment within the peridotite sill occupying the granodiorite/volcanic non-conformity, called the Ring of Fire.....

... being analyzed for cobalt, precious metals and other possible potentially significant elements. The latest hole completed, 1G21, intersected the SHS occurrence from 169.5 to 190.1 meters with bands of semi-massive to massive bands of copper-nickel sulphide mineralization.....

...hole number 1G10 with 71.1 meters minor sulphides (mainly pyrite) from 24.9 to 96.0 meters in the hole and hole no. 1G12 with a low percentage sulphide intersection of 33.0 m from 204.0 to 237.0 meters (mainly pyrite and some visible copper sulphide mineralization) explained the anomaly.....

...hole number 1G14 on grid line 700 East, 200 meters to the southwest, intersected disseminated iron and copper sulphides from 216.9 to 225.9 meters and hole no. 1G18, drilled at -70 degrees south along the grid line 700E encountered the visible copper bearing sulphide mineralization from 288.0 to 362.0 meters down the hole...

...degrees and initial dip of -50 degrees. After 10.9 meters of overburden and limestone the hole entered a strongly altered peridotite. A mineralized deformation zone was encountered over a length of 29 meters between 39 and 68 meters downhole, comprising a 3 meter section of massive sulphide-magnetite breccia and units of sulphide breccia with widths ranging from a few centimeters to a maximum of 1 meter in length throughout the entire zone.

The hole was terminated at 239 meters in an altered peridotite.....

. ..After 11 meters of overburden and limestone the hole entered a strongly altered peridotite. The deformation zone was encountered between 43.3 and 46.7 meters (3.4 meters of core length) containing massive pyrrhotite-magnetite with chalcopyrite. Below the massive sulfide intersection, hole 1G3 contained two massive chromitite layers...

After 12.1 meters of overburden, the hole entered granodiorite until a depth of 81.5 meters. Following granodiorite, the hole entered strongly altered peridotite until encountering a deformation zone between 113.2 and 131 meters (17.8 meters of core length). Similar mineralization as in holes 1G2 and 1G3 was encountered, composed of sulphide breccia over intervals of a few centimeters up to 0.8 meters....

as hole 1G6, with the same azimuth, however the initial dip was increased to -65 degrees. This hole is still underway, and has encountered massive sulphide mineralization between 123 and 130 meters downhole...

I use today hole 28 and 34 as reference, if we believe the news is written by the same group/person, with almost the same wording in each hole described for DE2 and AT 3 , they may hit with high % of Ni as well...

My humble opinion

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May 09, 2008 05:56PM
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May 10, 2008 06:55AM
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May 10, 2008 11:13AM
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