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: On the exploration front from NOT

On the exploration front from NOT

posted on Oct 31, 2008 06:08AM

Here's an interesting paragraph from Al's morning thoughts to put some excitement & blue sky possibilities back in NOT!


On the exploration front from NOT, there are a few exciting possibilities for news at any time. The last assays returned from the AT-12 discovery we seen some decent sized intercepts of mineralized peridotite, now we just need the assays back and some decent grades of nickel to be reported. Apparently they still haven't hit any mineralized massive sulphides at AT-12, however the hunt for the sweet spot on this discovery continues. There still is an outside chance to get some Eagle One type assays from this discovery, so perhaps with a little luck, we could get some excitement form this discovery yet. We also have heard NOT is back drilling at the Eagle One location, apparently this is still open at depth and to the south. The kinds of grades they have pulled out of this discovery would make a real splash if they can be repeated. Adding to the tonnage of this pod would certainly be welcomed news. From Prof Mungall's presentation at the AGM, if I was reading it correctly, there is still the chance, they haven't discovered the motherlode portion of this discovery. The real meat to this discovery could be sitting in a vast pool at depth. I know personally, if I hear they have hit something at depth and I hear the words mineralized massive sulphides, I will be jumping back into NOT in a big way. Perhaps round 2 from the Eagle One discovery, will make the first part of the discovery, look miniscule in comparison. From looking at the map presented by Mungall, hitting something of significance at depth at Eagle One would be the defining moment for NOT and propel it to the big leagues. If NOT could double up the tonnage with the kinds of grades from the original discovery, it would blow the lid off McFaulds Lake. The previous 52 week highs would be the floor on the share price, not the ceiling as it is currently. JMHO

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