Re: Some thoughts on Eagle 1 at least tripling

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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Francis Dube

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Re: Some thoughts on Eagle 1 at least tripling

in response to

Re: Some thoughts on Eagle 1 at least tripling

sammyk

posted on Jul 13, 2009 11:05PM

that is my though as well but looking for different opinions...I know VB had some differences between ovoid and the Eastern Deeps but grades were not off by much. If our grades hold well at depth and we had 2.921M tons grading over 2% nickel plus all the other credits (from NI 43-101) and now we have extended Eagle 1 by 60meters and have 2 new sections of 200meters each, I am thinking that unless we drilled into 2 pencil type deposits (I do not believe that for 2 seconds) we now have somewhere around 10M tons of 2% nickel minimum...I cannot fathom this not being mined.