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)

Free
Message: Re: One more thing
14
May 16, 2008 12:04PM
12
May 16, 2008 12:27PM
4
May 16, 2008 12:32PM
9
May 16, 2008 12:41PM
6
May 16, 2008 01:55PM
2
May 16, 2008 02:00PM
16
May 17, 2008 06:08AM

Hindsight is always 20/20 and it is easy now to sit back and say, I should of sold. However one sentence in that "Eagle 2 has landed" NR kept many of us from doing so and second guessing ourselves here is wrong. Here is a paragraph from that NR:

This new massive sulphide discovery occurs at the Aerotem Anomaly #2, located approximately 2 kilometers to the southwest of the Eagle One magmatic massive sulphide occurrence. Four holes have intersected massive to semi-massive sulphide mineralization. The rock units encountered at Eagle Two consist of strongly altered peridotite hosting a multi-phased deformation zone containing veins of sulphides ranging from a few centimeters wide to over 3 meters wide. The deformation zone varies in length from 3 meters to 26 meters in the holes drilled to date. The sulphide veins encountered in each hole are composed of pyrrhotite, magnetite, chalcopyrite and pentlandite with variable amounts of talc. Large crystals of pentlandite up to a few millimeters in size are evident in the most recent drill hole (NOT-08-1G8). A detailed account of this new discovery will be press released shortly.

Now, no one could predict that 3 months later we would still be waiting for that report. Lab errors do happen but the length of delays this time is very unusual and those who sold and bought back in did great but this was not an easy call and could have played against those who sold had assays returned on time.

The good news for all is we are very close to the release and I believe we will surpass our previous highs when it does come out.

Glorieux

16
May 17, 2008 07:44AM
7
May 17, 2008 11:26AM
5
May 17, 2008 11:39AM
7
May 17, 2008 03:11PM
Share
New Message
Please login to post a reply