Hello kidl
If you recall back six years to when Teck and Donner were running the SVB drilling program, they were using various kinds of (then current) gravity, mag. and EM technology to identify drill targets. While they hit some MS targets most particularly 1 metre of 11%Ni and 9%Cu on NAI's claims just west of Sarrah Lake, they more often than not hit graphite as their technology couldn't differentiate between MS and the graphite that was repeatedly intersected.
I don't know very much about Falconbridges new SQUID technology they are using at SVB which identified those three huge drill targets (2 on CMD claims & 1 on NAI claims) and therefore my chief concern for the past few months has been not knowing whether SQUID can differentiate between MS and graphite?
However, last night, I was able to check with a good friend and geologist in Sudbury and have been assured that SQUID can and DOES differentiate between graphite and MS! I was also told that SQUID is used in Raglan and Falco will be testing it soon in the Sudbury area.
CMD stated in their September 3rd NR:
The Falconbridge drill targets are the result of geophysical programs which included a MegaTEM deep penetrating airborne electromagnetic and magnetic survey, a deep sensing AMT electromagnetic (EM) ground survey and two large loop Crone EM surveys. These surveys outlined and confirmed several strong, low frequency EM anomalies, two of which are located within the North Gabbro in the central portion of the Sarah Lake property. These EM anomalies, each 1.5 to 2 kilometres long, are closely associated with an east-west trending residual gravity high.
And published this previously:
A newly developed ground electromagnetic sensor, known as the SQUID B-field sensor, will be used in conjunction with the Crone 24-bit time-domain electromagnetic system on selected areas of the property, where there are known high-grade massive sulphides. This technology was developed specifically for Falconbridge Ltd. and has been successful at discriminating high-conductance nickel-bearing sulphides at much greater depths relative to conventional time-domain electromagnetic technology. The objective of the survey is to locate larger bodies of high-grade massive sulphide associated with steeply dipping feeder systems beneath the relatively flat lying olivine gabbro sills. The SQUID system will also be used to locate more accurately any MegaTEM and AMT electromagnetic anomalies. Weather permitting, the AMT and SQUID surveys are expected to begin by mid- to late June.
So then one has to reasonably postulate that since SQID would/can not confuse graphite with a massive sulfide drill target, then what else but MS could generate those huge targets currently being drilled? In my mind, (and presumably in the minds of Falconbridge's brain trust), nothing else could generate those targets so then the issue becomes not whether Falconbridge is drilling MS targets or not, but rather, how deep in terms of intersected ore, will those targets prove to be? Keeping in mind, only two holes are being drilled this year into CMD's two targets, the odds are that the deepest portion of the ore body probably would not be found with one hole so what ever is intersected, obviously a great deal more drilling will be required to ultimately establish the extent of the overall resource which at 1.5 to 2km, could possibly be huge!
Regardless, the market will be euphoric if anything more than say 6 metres of 1% to 11%Ni is intersected as that would logically imply that MS extend over at least the 1.5 to 2km strike and could well be much deeper anywhere along that strike.
Finally, I am amazed that while CMD has been slowly appreciating at one point up to $.64 today NAI has done nothing!
The market appears to have completely ignored the fact that one of those three (3) huge drill targets is under NAI's nearby claims on which I believe NAI retains a higher ownership % than DML and has a much smaller float.
Should Falconbridge hit MS on any of these drill targets, those who have been fortunate enough to continue to accumulate NAI at these levels should, I would imagine, prove to be very happy campers.
Regards
Vaughn |
