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: comparison of early description of hole #5 and 49

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glorieux

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comparison of early description of hole #5 and 49

posted on Jul 05, 09 01:41AM

Both holes were drilled vertically, both holes are very signigicant. Hole #5 had 118M of mineralization in total. Hole 49 has 440M of mineralization or about 4 times longer than hole #5, our discovery hole. Will hole 49 prove to be as historic as hole #5?

Hole NOT-04-05, observed to be the most significant hole to date

Hole #49:

At Eagle One, hole NOT-09-049, drilled subvertically below known mineralization, intersected two zones of disseminated, semi-massive and massive sulphides, one from 269.54 metres to 510.69 metres and the other from 749.7 metres to 945.67 metres; more than tripling the known down dip extent of the mineralization to greater than 900 metres.

Glorieux

PS: CWallace, nice to see you post again!

, was positioned 50 meters to the northeast of Holes NOT-07-01 and 02 and was drilled vertically at the peak of a magnetic anomaly to ascertain the magnetic body’s more precise location. After 6 meters of overburden and one meter of limestone, peridotite with interstitial chalcopyrite, pyrrhotite and pentlandite was encountered to a core depth of 47.4 meters. Between 47.4 and 112.6 meters massive chalcopyrite, pyrrhotite and pentlandite was observed. Then from 112.6 to 123.3 meters peridotite with interstitial chalcopyrite and pyrrhotite was observed. Between 123.3 and 124.4 meters, another massive section of chalcopyrite, pyrrhotite andmpentlandite was observed. The hole then remained in peridotite until 127.4 meters core length, then entered granodiorite until the end of the hole at 143.4 meters.

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