I have been thinking about the statement that Noront made about the potential tripling of resource for E1A. What will it take for the Eagles Nest to prove up a triple?

Some numbers and other information for your consideration:

The existing NI 43-101 for E1A is as follows:

Therefore, in order for a triple, we require:

2,921,000 tonnes X 3 = 8,763,000 total tonnes or 5,842,000 additional tonnes.

Also, from the NI 43-101 technical report and preliminary economic assessment dated December 10/08, it stated bulk densities as per the following:

Massive Sulphides - 4.34 tonnes/m3 (cubic meter)

Disseminated - 2.98 tonnes/m3

Using these densities, we are able to get a weighted average for the E1A deposit which is 3.12 tonnes/m3.

Therefore, in order to get a triple of E1A, we will require an additional 5,842,000/3.12 = 1,872,435 cubic meters of mineralization. (more if there is a greater percentage of disseminted and less if more massive)

Now, we know that hole 49 was down dip for an aggregate of 328.8 meters (but again keep in mind that it collapsed in mineralization and therefore will ultimately be greater)

So, 1,872,435/328.8 = 5,695

If the deposit was uniform (for lack of a better word), we would require the strike and width to be 75.46 meters X 75.46 meters. (or any combination thereof to equal 5,695) FYI, Eagle 1A's strike was 200 meters.

I also keep coming back to the information contained in the Dundee report:

"A second vertical test hole some 350-400m from hole 049 was completed to test a geophysical anomaly at similar depths to the new sulphide zones"

I am not suggesting that this hole hit because, like you I do not have a clue. Also, keep in mind that there are going to continue to be hits and misses as we move forward. In drilling out E1A, 23 holes hit and 12 missed.

For me, this exercise put what is required to get a triple in perspective. Hopefully it will assist some of you as well.

Thoughts anyone?

Cheers,

Milsy1