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: Noront Provides Exploration Update for McFaulds No.8 VMS Discovery

 @Ktmracing22 "  Does anyone know how good these numbers are?"

Hole MCF-18-98 intersected 26.4 metres of massive sulfide grading 2.1% copper, 3.4% zinc, 5.5 grams per tonne silver and 0.2 grams per tonne gold from 707.3 metres downhole.

With base metal deposits , 2% + copper is definitely a nice grade to have .The combined metals have an in situ value (using KITCO Rocks in the Box Calculator) of ~6gram/t gold-equivalent  . Generally speaking, with gold deposits anything  intercept above 100gram-metres is consider decent. With this hole ,one has 26.4 metres x 6grams or ~158gram-metres. Of course ultimately  intercept depth , ore refactoriness (recovery) , and many other factors  need to be taken into consideration , but this is a good general rule of thumb. 

Another reference:

https://undervaluedequity.com/drilling-results-how-can-you-determine-if-a-mining-companys-drill-results-are-of-low-medium-or-high-grade/

 

 

 

 

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