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: Off NOT Website

Off NOT Website

posted on Jan 06, 2010 10:45PM

I like the last sentence

The mineralization at this point in the system consists of mineralized zones that contain numerous thin Ni-Cu bearing sulphide layers or "fingers" that "feather" out into the main RFI.

So we found one finger or feather,find a bunch more fingers,then maybe toes,get a whole body of this stuff.

Key points of the Ring of Fire model are as follows:

  • A mantle derived, highly magnetic ultramafic intrusion ("the Ring of Fire Intrusion" or "RFI") has been emplaced along the margin of a regional scale granodiorite pluton which had been intruded into and caused a doming of the host Sachigo greenstone belt rocks The RFI is thus situated between the granodiorite on one hand (footwall) and the surrounding Sachigo greenstone belt rocks (hangingwall) on the other. The RFI is magnetically distinct allowing it to be traced more or less uninterrupted, for tens of kilometres along the granodiorite margin. It appears that a series of conduits cutting across the granodiorite have acted as feeders to the main RFI.
  • On a world wide basis ultramafic intrusions, such as the RFI, are known to host several types of deposits:
    • Layered chromite deposits
    • Nickel-Copper deposits and
    • Platinum Group Metals (PGM) deposits
  • Recent drilling within the Ring of Fire area confirms that both PGM-rich Ni-Cu deposits (Eagle One and Two) and now chromitite deposits, (Blackbird One and Two) are associated with the RFI and its related conduit feeder system. On-going drilling by Noront and others suggest that the layered chromite mineralization is, as conceptually expected from the model, confined strictly to the main RFI while the platinum rich Ni-Cu sulphide mineralization appears, at least at this stage of exploration, to be related to the conduit feeders. Based on observations from similar intrusives globally there is no reason, at least conceptually, why Ni-Cu or PGM deposits could not be hosted by the RFI itself. The exploration potential in this regard remains to be tested.
  • According to the conceptual model, the high-grade Eagle One Deposit is interpreted as occurring well within a conduit feeder, at some distance from the main RFI. The Eagle Two discovery on the other hand is interpreted as occurring within the "throat or mouth" portion of the conduit where it empties into the main RFI. The mineralization at this point in the system consists of mineralized zones that contain numerous thin Ni-Cu bearing sulphide layers or "fingers" that "feather" out into the main RFI.
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