That could happen. Everybody expects it. And they need huge tonnage and high grade up there to make a mine. No roads, railroad a ways away, possibly native troubles, etc etc...
There is only at present the theory of the missed plunge at both ends of the step outs to account for an orebody of size.. which still equates to basically something that is in places 70 metres thick vertically, admittedly massive sulfides, and plunging beneath a possibly 'straddled' 200 metre boundary. At absolute best that is 200 metres long and plunging at perhaps 45 degrees to the SW, say. If that were true however, then the vertical hole #5 might have proceeded 200 metres into sulfides, and it only went 70 metres. There are many possible body geometries, dips, local attenuations and drill hole positions in relation to geometry that could make this happen, so this does not rule out the possibility of a rod something under 600 feet long, 120 feet wide, and going down plunge for many feet in depth. This is the classical shape of most of the copper nickel sulfide zones of Ungava, Thompson Man., etc.. This would be a generous nickel lens indeed. To print perhaps 6 million tons in 1000 feet of plunge ain't shabby at all. I have doubts it will get this good, but only Mother Earth knows for sure. We need more downhole and surface geophysical information. We note that the vertical hole was much more massive in character than the slant hole 50 metres to the SW. This points to a high variability, and is a piece of evidence about the mineral body that is significant. Another hole in the opposite direction might clear some matters up.
This variability could be beneficial in certain ways. It keeps targetting hopeful of finding more high grade zones.
I have to say that most of these type of mineral bodies do not occur alone. Long experience in nickel camps and observation of sea bed depositions teaches us that they dot the vents along structural corridors for as many as thousands of miles. Once you find one such body, it is a safe bet that similar rock types will yield some mineralization. The Noranda Camp, the Raglan, and many others teach this valuable lesson. The Destor Porcupine is a string of gold mines over a 150 miles long. Ditto the Cadillac fault, and the Kirkland lake break. That is how orebodies form. Again and again. You simply have to have the millions of dollars of exploration horsepower to prove the point. There have been however a few one hit wonders. This is more due to lack of trying and intelligent exploration by the satellite groups around a discovery than natures's lack of bounty.
It is these one hit wonder that keep investors on tenterhooks on each drill play. Not ever good hole makes a mine. The SEC averred that was a known fact at Texas Gulf 43 years ago, but wiser souls would disavow that certainty except in the perfection of hindsight.
This is not that hard to come by, and I note its 'absence of emphasis' here.
The downside of 90 million shares however, and the far north access problems attenuate the share price projections "a tad".
There are other possibilities, from shallow saucers to curving folded shapes in any possible plane, from recumbent knappes to S or Z shaped curtain folds. Only a dozen or so holes will begin to tell the tale. I have seen mysteries that were still unfathomable with many such holes however and revealed their structure only with unusual probing, even after underground exploration had taken place!
EC<:-} |
