High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"
NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)
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Message: Ring of Fire Luncheon - part 3

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Re: Ring of Fire Luncheon - Old Joe

posted on Mar 06, 08 03:13PM

Malcolm told Paul Tiger and I (at the PDAC Sunday evening) that he felt the Burnt Hill project has a resource of $1.2 billion to $1.3 billion.

I am just reviewing my notes and one thing Malcolm said which comes back to me now. He said "read the press release on DE2 carefully and compare it to hole 5". And also they are of the belief that every anomoly (he mentioned 8 of them connected by the conduit) are going to be pods with the biggest one being pod #5. Eagle 1 was one of the smaller pods.

He noted that John Harvey believes they will hit on each of those pods which are all connected by the conduit (the ghost bridge) which is deep but could be as wide as 500 meters.

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