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Re: Eagle 1 and FNC

posted on Jun 30, 09 01:47PM

I have been told that 40% of the E1 C! anomoly is on FNC land

Maybe. If you go the link here, and look through Dr. Mungall's Coreshack presentation, you can see that some parts of the feature straddle the claim boundary. Within the presentation itself, Dr. Mungall refers to two distinct dykes, one of which is Eagle 1, whereas the other does lie across the boundary. If you're referring to the entire magnetic anomaly, then perhaps your 40% figure is accurate, but Eagle 1 is entirely on Noront land. So far. Yesterday's NR was not accompanied by collar positions and dips, so we can't do the trigonometry to determine the position of the newly reported sulphide intersections. That's the only reason I say maybe. That said, the trans-border segment of the anomaly has not been drilled, so there remains some blue sky potential for that second dyke.

http://www.norontresources.com/Investors/Corporate_Presentations/

Lar

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