Well, Well, Well, I must say…….
posted on
Aug 06, 2009 01:00PM
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)
Triple Holy Moly !!!!
Just got in the office, long story short, yesterday am started out good and got progressively lousier as theday went on, I had moved my appoints around to make sure I’d be in the office all day, I had started a work up in Word on the drilling from the june 29 th. Release and did not get to finish it, but I will post it below just for the heck of it. As luck would have it, an emergency call came in and I had to make a quick run out of province and I missed the release of the release.
Checked in immediately at home last night and nearly wet my pants when I read Franks post from Dundee about the 300 – 400m step out and hitting similar mineralization, ok, that’s off the hook, stellar, these guys Dundee would not print a rumor, they were told this by someone with information we have not, this to me is pivotal, this to me say either 50 or 51 hit, or both, this says to me that today we have 2 brand new zones (termed lenses) that have a minimum of 300-400 meters in width, now if these step outs were also drilled sub vertical the widths will be true widths, make now mistake about that, this…my hearts racing abit here, make no mistake that this is a mine, new “experts” brought on board the management team, enviro studies are underway, negotiations with Native Groups underway, Gov. action on the roads underway. Infrastructure is coming, make no mistake here, this is great stuff for our company.
Herbs got it right, Massive $$$, but I will say this at this early stage of the game, Herb, you may soon need to increase your value!!!! Massive tonnage, Sir Lars’ laid it out for us, their posts need to be regarded by your investment senses
I have read the release a couple of times and I have to say that its everything I had been hoping for and more, so much more. I see we got our desired 5% nickel in zones as some theorized and will you look at that drill plan, certainly a much needed improvement ( thanks Wes ) too bad the azimuths, dips and utms are missing, as an investor would management be required to disclose to you? I am pleasantly surprised that “lense” ( as we are now calling the Pods )C is of higher grade thatn that of the original Eagle One “A” (as we are now calling it) lol. Lense “B” is fantastic and more in line with what I thought may be reasonable to assume would lie in wait assay.
You just have to know that the Big Richard (as I like to call the big drill ) has been set up on 49 and is going deep, down deep, now then, did 49 end in mineralization as posted earlier??
The PP. done at 2.80 is imo great stuff, $20,000,000 more in the bank for use this year an only 7,142,857 more shares out to add our fully diluted to 168 million. Good Stuff imo.
Cheers to all
Notster
PS, below is what I started yesterday, just for fun. Now to catch up on my reading, Agoracoms terribly slow as of late, tried 3 different browsers on 3 comps, same thing, good to know we’re the cause…lol…..fix it please Agoracom. TIA
“It would be nice to get the assays from Hole NOT 08/09-45, the deepened hole with 46.12 m of Nickel/Copper Sulfides.”
"Hole NOT-08-045, which failed to intersect the mineralized zone in 2008, was deepened in 2009 and intersected 46.12 metres of nickel, copper sulphides. This zone starts approximately 375 metres below surface, whereas the previously interpreted limit of mineralization at Eagle One was about 225 metres below surface."
So.. at this point the drillings got us an extension of 46.12 m's starting at 375 m's and running to 421 m's, that intercept is 150 m below the known of Eagle One.
Hole 46 Missed, ( stepped too far or azimuth off abit ) and 47.. Here the drill comes way back up to target the 275 m and It hit, but just clipped hole 45s' zone,
"Hole NOT-09-047, targeted 100 metres below the mineralization limit defined in the Eagle One Technical Report, intersected 2.15 metres of nickel, copper sulphides including 1.75 metres of massive sulphide within a 55 metre thick peridotite zone considered to be the keel of the conduit that hosts the Eagle One Ni sulphide deposit."
So now we have mineralization intecepted 50m below Eagle one which which brings us back to our 269m intercept start point of Hole 49.
Hole NOT-09-49 was planned as a 1,000 metre platform hole for BHEM survey evaluating the depth extension of the Eagle One mineralization. The hole was located at the northwestern contact of the Eagle One conduit. Visual inspection suggests the hole parallels the contact between the peridotite and granodiorite for its entire length. This hole intersected two zones of disseminated, semi-massive and massive sulphides one from 269.54 metres to 510.69 metres and the other from 749.7 metres to 945.67 metres, more than tripling the known down dip extent of the Eagle One mineralization to greater than 900 metres. The current results provide no information regarding the true thickness of the newly discovered zones because the hole was designed to follow the mineralization down dip and determine vertical continuity. Subsequent drilling will test these zones at higher angles to establish thickness.
So this hole, drilled at the NW contact of Eagle One’s body at a dip of -87 has given us the goods, the previous holes were the leading indicators, awhile back I posted my interpretation of the directional trend of the mineralization using one slide of Heliums from an inverted perspective, this was prior to the 49 announcement, hopefully in the news we get visuals from 50 and 51, this will give us a trend direction. Curiosity has me in its grip big time. Now a smart man ( especially guys like Hoov) can couple up the Mungall theory and look at the info from holes 44 thru to 49 and tell that this thing is running deep and will run much deeper. In my opinion and if the 3D diagram’s used as a indicator of things to come, all bets are off and the place to be in NOT is “All in”…. of course as funds allow. While we wait for assays we need to do a much better job of protecting the gates here as they tend to cause rusting of the frame work if left untended to. The bashers assault on our gates will continue, they’ve been here for awhile now and curiously are not going away. This boads well as they are paid puppets send to scarf up the shares from little retail. Till the release hits the airwave, we can only protect and hold the fort and buy more. Seems to me that