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: Hoov?

Hoov?

posted on Aug 07, 2009 12:05PM

I guess the heart of my question is if Peter thinks it likely that there are other Nickel Deposits outside of the general vicinity of Eagle 1. Clearly we have more Ni directly underneath but if that goes down 10,000 meters, a good portion we will never recover. I was thinking that Eagle one is more like a tube coming straight up with some budges in it?

However I remember reading a very early press release after the discovery of Eagle 2 where Noront stated that the cravas or faultline was the point where they thought the sulphides were induced, occuring over several kilometers. If my interpretation sounds crazy let me know...

Wondering if something like a cravas that runs a few km created Eagle 1 and other lenses would be found at depth in other areas and that we were just drilling to shallow previously? or is it likely that Eagle one was created by a tube or conduit that just hit this one area for one reason or another, and what we have is what we have.

I hope my question makes sense.

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