Hole 49 BHEM Hole

Hole NOT-09-49, initially planned as a platform for borehole geophysical surveying, was a vertical hole targeted to trace the interpreted, vertical dipping conduit system that emplaced the original Eagle One discovery. The concept was to drill as close as possible to the conduit so that down-hole geophysics could be utilized to identify other potential lenses of nickel, copper sulphides. This was successively accomplished as the hole crossed in and out of the main footwall granodiorite-periodotite conduit contact no less than five times before reaching its final depth of 1004.1 meters. In the process, the hole cut two distinct lenses of mixed disseminated to massive sulphides.

Noront - takes BHEM Survey from hole 49 - looks really good...

Noront is trying to raise money - $20MM. Takes BHEM pictures to Bay Street.

Bay Street sees pictures and starts buying... Few weeks ago...

BHEM's are so good that Wellington West Capital Markets Inc. is willing to buy at $2.80 per share... and puts up $20MM - in the times we are in cash is king and they are getting a steal!