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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Message: Level B, Level C

Level B, Level C

posted on Aug 07, 2009 11:35AM

Franks post from Dundee which outlines the step out got me at the calculator looking at tonnage, lets just say that my office chair should have had 5 legs and castors not 4 cause i friggin near hit my head on the file cabinet behind me, i suggest the forum do the same. Use the step out ( pick a number between 350 and 400 ) then x...just say for the heck of it just use 100 as a width and x the verticle intercept of B ( 178.8 ) and X by 4.5 for density, then do the same calc. for Lense C ( 149.5 ) and then add B to C...put a pillow on your file cabinet first though.

The smile here is that A and B and C are connected by conduit that will add considerable tonnage themselves, and we are open to depth below C. Given the geology proven up so far, just whar are the odds of Big Richard finding D, E, and F.

I don't need visuals on 50, i want the assays as the cores been out of the ground for some time now and would have been tagged rush, do any day now IMO. Then i'll take visuals if WES cares to share on 51, which is most likely a length finder and would give us much more dimensional vision.

Once again Frank, thanks for the share. Its a very importand piece of the puzzle.

Rob

Herb knows, don't you Herb.

A second vertical test hole some 350 to 400m from hole 049 was completed to test a geophysical anomaly at the similar depths to the new sulphide zones. While the proof is pending by way of analytical results, these two holes confirm the company's bullish view of the potential for additional resources and could lead to an immediate re-ranking of the stock.

Now, I have no idea how Dundee knew that hole 50 was drilled 350 to 400 meters from hole 49 but apparently this has been verified or else they would not have posted this. If the target at depth as identified by geophysics turns out to be rich in nickel/copper sulfides over similar intervals as hole 49, then we have our motherload!! That kind of step out will send this stock so high so fast, most of us will not have time to say the word "retirement"!!

However, at this point, we have no information from hole 50 from Noront. We are left to guess and speculate!!

The other interesting point is that hole 49 was meant as a BHEM hole and was drilled along the foot wall/granodiorite. We apparently went into and out of the footwall about 5 times during this hole. That tells me that they did a great job following that wall. It also tells me that we have one edge of this deposit only. We are not at the center of this deposit with this hole. When we drilled Eagle 1's hole 5, we drilled it right thru the center of the anomaly and this returned pretty much the best assays we received from Eagle 1. So my guess is as they move away from the wall and towards the centers of Eagle 1b and Eagle 1c, our grades will improve.

One thing is for sure, we are not done drilling. The size of this is anyone's guess. We are much closer to 10M tons but at this point, we do not have enough information to confirm this. Once we get results from deep step out holes, this find will reveal herself like a beautiful woman. We just hope she a few rolls of fat!!

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Aug 07, 2009 11:46AM
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