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)

Free
Message: Re: UC NOT News
15
Oct 26, 2009 11:28AM
4
Oct 26, 2009 11:58AM
2
Oct 26, 2009 12:01PM

Oct 26, 2009 12:09PM

"By entering into this new option agreement with Noront; UC has consolidated the Eastern Block of claims into one contiguous property, and by doing so has created a means to maintain mineral title across the entire intermediate to felsic volcanic assemblage (that abuts the series of ultramafic intrusions containing the chromite/PGM sills), which volcanics are thus far alone in the Sachigo Greenstone "Ring of Fire" to have been proven to host potentially economic VMS-style deposits."

Can we interpete this sentence to mean that we are talking about the 2 claim blocks that separate the west section of the west claim block from the east section of the west claim block?

I know that sounds confusing but if you look at the map you will see that the 2 sections are not contiguous (until now).

With this agreement the 2 sections are now contiguous. I don't know the exact rules but Jim's explanation that they can now maintain mineral title over the entire block seems to make sense.

Until now they were in fact 2 distinct claim blocks in spite of the fact that they met in one very small spot. Now they are one.

When I first read the release I was assuming these were the claims that NOT was drilling on in the spring and have not yet fully reported on. Upon examination I believe it is 2 claims to the sw of where they are ciurrently drilling.

SN

18
Oct 26, 2009 12:47PM
2
Oct 26, 2009 12:51PM
7
Oct 26, 2009 12:55PM
1
Oct 26, 2009 01:05PM
4
Oct 26, 2009 01:06PM
18
Oct 26, 2009 01:18PM
6
Oct 26, 2009 01:24PM
Share
New Message
Please login to post a reply