Agoracom: Small Cap Investment - Noront Resources - Re: Flow Through

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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FANTOMAS

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Re: Flow Through - curt22go

in response to

Re: Flow Through

curt22go

posted on Feb 23, 2010 04:58PM

a 26 million dollar drill program in 10 months.. I would think they want the blockade down as much as we do.. That is a lot of money to spend in that short of time

curt,

one deep drill hole (and that´s only to the 1000m level) costs

$ 1/4 million = $ 250.000 !

We are bringing in 2500m drills.

That´s $ 625.000 per hole !

I think, there will be no problem spending $ 26M this year with 2 deep drills and 5 "standard" drills.

I´m more concerned about the assay analysis which will take quite a long time, because $ 26M worth of core produces a hell of a lot of work for the labs.