Where we are today summary
posted on
Jul 18, 2008 10:28AM
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)
IMO
AT12 is great news.
It continues to prove that Eagle 1 is not an isolated occurence. That this area is the real thing. Further drilling on AT12 may blow us out of the water all by itself - they only had two holes completed before they needed to release the news because of the rumours.
AT2 (Eagle Two) returns remain a disappointment for the nickel, still searching for the mother load - meaning a massive hit of 2% + nickel with vertical depth. With one such hit at Eagle Two, we will be back to $7.00 the first 30 minutes of trading. Many holes have hit nickel at AT2 with more assays to come. But the story is not so simple as that, yet.
Still...
AT2 (Eagle Two) has NORONT VERY EXCITED.
There is no other explanation for the current 32 holes, with over 7 miles of drill core, and the continued drilling with 2 drills rigs.
What are they excited about?
A. They feel they are close to the motherlode of nickel.
B. Though in thin layers, the nickel is there. A large enough area and you don't need thick.
C. Chromium is the new story. Potentially worth Billions.
D. A + B + C
Eagle One, Eagle Two, AT12 (Eagle 12?), Windfall, Blackbird, the drills turn, the diggers dig.
PRB, FNC have joined the chorus.
The suspense is heavy... the critical mass is amassing.
The low volume with steady share price says it alot No one wants to be caught on the sidelines at a time like this.
I had thought they might have released the Blackbird news by now. last time the releases came one after the other. Maybe we will have to wait until next week...
meanwhile,
The drills they keep on turning,..
Proud circle keeps on burning...
Rolling.. Rolling.. Rolling on the Ring of Fire
Long and strong!
BK
------------------------------------...
Eagle Two does continue to take shape, just as it is!
Here is my summary of AT2 holes drilled.
I listed the best nickel % for each hole. These are found in short intervals, the best I believe was 5 meters.
We now have 32 holes drilled in AT2 AND a more assays coming (by my count, 14 more as of today at Eagle Two).
** these drill holes that have Chromium indicated.
AP = Assays Pending
NSA = No Significant Assay
Hole | Best Nickel in that hole | Chromium (**)
1G2 - 1.44
1G3 - 2.24
1G6 - .69
1G8 - 1.98
1G15 - NSA
1G16 - NSA
1G17 - .59 **
1G20 .73 **
1G21 1.14
1G22 - .99
1G23 - NSA
1G24 - some **
1G25 - .37
1G28 - minor **
1G31 - minor **
1G32 - semi massive **
1G35 - semi massive **
1G36 - abandoned
1G37 - abandoned
1G38 - semi massive **
1G39 - semi massive **
1G40 - semi massive **
1G42 - semi massive
1G43 - Cu-Ni ** (massive chrome)
1G45 - Lost Hole
1G47 - **
1G48 - Abandoned
1G49 - NSA
1G51 - Cu-Ni
1G52 - Cu
For a better undertanding and to verify accuracy, please check these hole descriptions for yourself