Will Assay Results meet the Grade?

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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Sitler27

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Will Assay Results meet the Grade?

posted on Jul 06, 2009 08:40AM

The big question in everyone's mind is will the assay results be equal to or better than Eagle 1?

DOES THE AVERAGE GRADE REMAIN CONSISTENT THROUGHOUT?

I am sure that most people have done their own DD, but I thought I would, figuratively, put it down on paper.

November 10/08, Hole Number 08-44

28.5 m of new mineralization below Eagle 1 between 294 meters and 322 meters

This consisted of 14.4 m disseminated sulphides + 14.1 m of Massive Sulphides

Which translated to: Disseminated averaged 1.10 % Nickel and the Massive layer averaged 7.46 % Nickel.

The average over 28 m was 4.21 % Nickel.

June 29th - Two zones total 437.12 m. (Disseminated, Semi Massive, & Massive Sulphides)

Noront has already proven that the grade @ the 300 meter mark is similar to Eagle 1. The only difference this time is that Noront has also found Semi Massive Sulphides.

As Glorieux mentioned in one of his posts the institutional investors are also doing their own DD. What do you think their conclussion will be? I think they are looking at that November hole and drooling of what could & should be!