VOISEY BAY'S FIND - A NEW DISCOVERY Message Board

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Gold/Mining/Energy : VOISEY BAY'S FIND - A NEW DISCOVERY

CME 285.07

+0.5%

Nov 14 9:30 AM EST

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To: Supervalue who wrote ()	6/1/1997 11:40:00 PM
From: Terry J. Crebs	of 481

Gee William, please explain your comment: >The indications are OKAK BAY will enhance INCO'S Voisey Bay's Nickel deposit with more Ore in 1997,<... Just what indications are you specifying? Since INCO holds no claims within 20 km (i.e., at the Kiglapait Mtns.) of Okak Bay, Labrador? Geology surrounding Okak Bay is not very readily conducive to Voisey's Bay-type mineralization, either. Where's the troctolite?? Again based on Provincial geology maps--Kiglapait's are the closest olivine- rich gabbroic (troctolitic) rocks. Sorry, Will, but I think you gotta have troctolite to have another Ovoid. Sadly both Canadian States Gas (in Nov 1995) and Cartaway (in May 1996) announced drill results from the Okak Bay area (the infamous Cirque is just south of Okak Bay) which were wildly optimistic. I'm very surprised to see that both Cartaway and Canadian States are still being promoted--their track record in Labrador is not enviable in my opinion. I too believe that more ore will be found near Voisey's Ovoid--I think INCO will find it since DFR claimed over 95% of the troctolite and INCO bought all of DFR's claimblocks. Yup, I'm long on N.NYSE, NVB.NYSE, and N-E.NYSE <grin>. Good Luck, T.

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