Near Surface, 3 million tonne high grade nickel, copper, PGM, silver deposit in Ontario, remains open along strike to the south and to depth. NI 43‐101 completed.
I thought I knew what this meant. But now I'm not so sure. I thought we were told months ago that there was no more to be found at E1. And now it seems that it could be bigger??? Is it too deep to bother with drilling it more now? Better to just leave it as "open to depth" until you start mining it?
Help, please,
HI Snezzer,
If you listen to the recent luncheon video on the Noront website and fast forward to very close to the end of the presentation, you will hear where Noront is currently drilling with their 5 drills. For the Nickel and copper they are drilling AT12 and also dilineating Eagle one. Eagle one is not finished being explored. If you go back to a previous news release Jan. 23 (I posted it a portion of it below)
TORONTO, Jan. 23 /CNW/ - Noront Resources Ltd. ("Noront or the Company") (TSX Venture: NOT) is pleased to present assay results from its base metal exploration activities in the McFaulds Lake area of northern Ontario in the James Bay Lowlands.
EXPLORATION HIGHLIGHTS
- Hole NOT-08-44, an extension to Eagle One, averaged 4.21% Nickel, 2.14% Copper, 0.35 g/t Platinum and 6.30 g/t Palladium over 28.8 metres, including 14.1 metres of higher grade averaging 7.46% Nickel and 3.65% Copper.
- Hole NOT-08-2G11 drilled on the AT12 anomaly encounters widespread nickel/copper PGE mineralization over 122.9 meters grading 0.56% Nickel, 0.29% Copper, 1.06 grammes/tonne TPM, including 5.5 metres averaging 2.38% Nickel, 3.05% Copper, 0.92 g/t Platinum, 2.62 g/t Palladium and 0.22 g/t Gold.
EAGLE ONE DRILL RESULTS
As previously announced (see press release dated November 10, 2008), while testing for the north-south striking dike or conduit beneath and around the Eagle One deposit, drill hole NOT-08-44 encountered massive sulphide mineralization 70 metres vertically below holes NOT-08-28 and NOT-08-32.
Joe mentioned we are one hit away from fame and fortune and based on the past two days volume/trading/price I wonder what they know that we don't know yet.
