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Gold/Mining/Energy : Aurora Platinum Corp, ARP

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To: Brumell who wrote (86)1/13/2001 11:10:43 AM
From: jpthoma1  Read Replies (1) of 157
 
Good morning gentlemen,

There is a few maps of Midrim in the Aurora's prospectus on Sedar.

Bob, don't forget too that the Midrim zone have been drilled in the past. This is from the prospectus:

The Midrim Main Zone was discovered in 1967-1968 by Midrim Mining which carried out a program of geophysical surveys, trenching, bulk sampling and diamond drilling (15,100 metres in 105 holes). Midrim Mining reported in 1972, a resource estimate of 381,000 tonnes grading 0.85% copper and 0.62% nickel. A bulk sample taken by INCO Limited reported an average assay of 1.5 grams per tonne platinum – palladium with a 2:1 palladium:platinum ratio. Various other tonnage estimates of mineralized material have been published in the past but the data cannot be corroborated. Many of the old borehole collar locations have been lost and there is a paucity of dip and azimuth tests/data for the old drill holes.Due to these problems, it is very difficult to prepare any sort of meaningful compilation of the old drill data from which reliable tonnage estimates could be calculated. As a result, the Company considers that the old drilling only indicates areas of Cu-Ni-PGM-Au mineralization that require re-drilling for the definition of any type of resource estimate.

What Aurora is doing now is re-drilling that small deposit and assaying all intersections not only for Ni/Cu but also PDG. So, we must not just look at these high grade selected holes, but at the 105 others done in the past.

You are right Bob when you say that we are not looking for a world class deposit here. But most ot the Ni/Cu/PDG deposits are world class and located within large ultramafic/mafic structures. The Belleterre-Angliers belt does not hols such large structures.

Even the Abitibi belt, which hold the large La Motte/Vassan ultramafic belt, has not generated large deposits (Marbridge was very small).

But even if Midrim will never be a mine, it may generate some good intersections like NWI did at Lac Rocher and help investors like us to make a few dollars!

Have a nice day.

JP
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