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: Will it be enough?

Re: Will it be enough?

posted on May 09, 2008 05:10AM

I partially agree with you, having a mixed feeling about the NR: the market wants another eagle 1 hit, this NR does not show it, but it is still about outstanding assay results regarding Eagle 1. 35 holes completed, resource estimate on it's way.

"nothing has been released about Eagle 2", then read this in the NR:

"Seven holes testing Eagle One were completed during late January and early February 2008, including one hole (hole 28) that was started prior to the Christmas break, that is reported herein. As announced earlier (see press releases dated April 25 and May 2, 2008), delays at the laboratory were complicated by a series of quality assurance, quality control (QA/QC) issues. All outstanding work orders are now received and have passed Noront's QA/QC program. The remaining work orders for analysis with respect to the anomaly drilling in the vicinity of Eagle One, including Eagle Two are currently being processed and reviewed, results of which will be released as soon as they are available."

Eagle 1 is outstanding, assay results from holes 28 to 35 take away any doubt. Eagle 2 is on it's way, mayby not next week but be ready for it - Helium

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