Noront Resources

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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Re: From a knowledgeable source.....

Noront Resources

over 15 years ago

in response to Polylabel's message

I've never needed a "source" to support my own inference and conjecture about the Eagle 1 deposit.

If you've taken the time to study the 43-101 reports, and look especially at the diagrams with the different ore grades, two different but related interpretations seem unavoidable.

First is the overall shape. The conduit structure is clear-cut. It's a tube shape, with clear boundaries.

Second is the grade. Nowhere does the grade go to zero nickel. Even the lowest grade is clearly distinguishable from the surrounding rock. The whole body is worth pulling out of the ground. The nickel-bearing flow didn't just start and stop out of nowhere.

The only way there isn't more underneath is if a sheering fault interupts the continuity. That would only suggest the rest of the deposit has been moved; it's still somewhere. I haven't heard anything about a fault zone.....

So, IMHO, the only reasonable inference is that there's more ore adjacent to what's been found. I wouldn't be surprised at all to find out they've actually found more. Certainly, I'd be very pleased by it, but not surprised.

Lar